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Thorco, United Heavy Lift form joint venture Breakbulk operator Thorco and United Heavy Lift have formed Thorco Projects, a joint venture specializing in project cargo and heavy-lift logistics. Both companies are family owned. Thorco, the shipping unit of Danish conglomerate Thornico, was founded in 2003 and is owned by Christian and Thor Stadil. Hamburg-based UHL,… Thorco, […]

Dockworker strike compounds Santos woes Dockworkers at the largest port in South America have gone on strike just days after customs officers in the harbor decided to increase the frequency of slowdowns… Dockworker strike compounds Santos woes Journal of Commerce

Shippers: rail beats air, sea in Asia-Europe reliability HAMBURG — Rail services carrying containers between Asia and Europe are on a strong growth trajectory but will not diminish or impact the relevance of maritime liner services,… Shippers: rail beats air, sea in Asia-Europe reliability Journal of Commerce

BCOs warned not to expect long-term, low-rate Asia-Europe contracts The long-term contracts at bargain basement prices negotiated by shippers on the Asia-Europe trades are going to be “a distant memory” when the bidding season begins in… BCOs warned not to expect long-term, low-rate Asia-Europe contracts Journal of Commerce

NVOs seek assurance US Hanjin bankruptcy order protects them NEWARK, New Jersey — A group of non-vessel-operating common carriers has asked a federal bankruptcy judge to assert… NVOs seek assurance US Hanjin bankruptcy order protects them Journal of Commerce

Hapag-Lloyd considers offering premium services Hapag-Lloyd is considering offering premium services to shippers such as first-box-off or voyage-specific space guarantees, CEO Rolf Habben Jansen told the JOC Container Trade Europe Conference in Hamburg this week. “There are things we can offer that would create… Hapag-Lloyd considers offering premium services Journal of Commerce

Trans-Pacific spot rates hold for second week after Hanjin collapse Spot freight rates in the eastbound Pacific may have found their comfort zone, holding steady for the past two weeks since a Sept. 1 general rate increase. The Hanjin Shipping bankruptcy has had no discernible impact… Trans-Pacific spot rates hold for second week after Hanjin […]

ILA refuses to move Hanjin boxes, cites unpaid obligations The International Longshoremen’s Association is refusing to load Hanjin Shipping containers aboard ships or allow Hanjin boxes to leave US East and Gulf Coast terminals, citing… ILA refuses to move Hanjin boxes, cites unpaid obligations Journal of Commerce

Santos customs officers expand slowdown campaign Ongoing slowdowns by Brazilian customs officials that have bedeviled shippers in the region by creating delays and extra costs at the port of Santos are set to get worse. The slowdowns that… Santos customs officers expand slowdown campaign Journal of Commerce

Asia-Med spot rates rise again on Hanjin withdrawal Spot freight rates on the Asia-Mediterranean trade continued their sharp rise this week, the second consecutive weekly double-digit increase since Hanjin Shipping collapsed at the end of August.The rate increased by $158 to $860… Asia-Med spot rates rise again on Hanjin withdrawal Journal of Commerce