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Sizable hikes in trans-Pacific contracts forecast

[caption caption="Hackett Associates projects 2.5 percent year-over-year growth in US container imports in 2019, down from 6.2 percent in 2018. Photo credit: Shutterstock.com."][/caption]Two weeks before shippers and carriers convene in Long Beach to hash out 2019-2020 service contract issues at the TPM Conference, early indications are that freight rates on...

Adani making inroads in Indian container market

[caption caption="Private port terminal operator the Adani Group handled 4.8 million TEU of the total 16.4 million TEU that moved in and out of India last year. Photo credit: Adani Group."][/caption]Adani Group, the largest private port infrastructure developer in India, continues to make steady inroads into the country’s emerging container...

Carrier earnings show scale of low-sulfur risk

[caption caption="Maersk Line posted a pre-tax profit of $238 million for 2018 compared with $25 million in 2017. Photo credit: Shutterstock.com."][/caption]Although Maersk marked rising tariffs as a key risk to the profitability of the container shipping industry, the impending low-sulfur fuel mandate poses the greatest threat as carriers struggle to...

Flexport’s $1 billion injection retriggers scale questions

[caption caption="San Francisco-based forwarder Flexport"][/caption]Freight forwarder Flexport on Thursday confirmed a long-rumored funding injection of $1 billion led by the venture capital (VC) arm of Japanese investment conglomerate Softbank, shoving the fast-rising logistics company squarely back into a public debate about its differentiation and scale.The investment, a loosely kept secret...

Keeping an eye on compliance in a volatile environment

The current international trade atmosphere presents many challenges for North American importers and shippers. Regulations are complex and constantly changing, making the environment even more complicated. Trading partners leveraging tariffs and threats create volatility for businesses reliant on shipments that cross US borders. These issues disrupt business cycles and create...

US truckers' pricing power receding

[caption caption="US long-haul truckload pricing growth is expected to slow from 8.2 percent in fourth quarter 2018 to 2.15 percent by fourth quarter 2019, according to the IHS Markit Producer Price Index for the sector. Photo credit: Shutterstock.com."][/caption]The pricing power held by trucking companies in 2018 will likely diminish in...

New truck driver pay model aimed at capacity retention

[caption caption="Daseke's 'Salary Plus' driver pay program provides drivers with a base salary, along with bonuses for mileage and safety. Photo credit: Shutterstock.com."][/caption]Truck driver pay needs to rise higher to attract new talent to trucking, but driver pay also needs to be more consistent from paycheck to paycheck if trucking...

DP World expands shortsea reach with P&O buy

[caption caption="UK-based P&O Ferries operates 30,000 voyages each year, with connections at 11 ports in Britain, France, Northern Ireland, the Republic of Ireland, the Netherlands, and Belgium. Photo credit: Shutterstock.com."][/caption]DP World’s $421 million acquisition of UK-based P&O Ferries allow the global port operator to tap rising interest in shortsea services...

Russian rumbles on Belt and Road

There has been a recent flurry of reports as to who is attending the Belt Road Initiative (BRI) summit scheduled for April. Malaysia’s PM Mahathir has confirmed as attending, suggesting that despite cancelling the east coast rail BRI project earlier this eyar, he is still committed to the BRI.  The...

Europe block exemption debate reveals deep shipper frustration

[caption caption="The current five-year extension of the European block exemption for liner consortia will expire in April 2020. Photo credit: Shutterstock.com."][/caption]Shipper frustration over ocean carrier cost-cutting strategies they consider detrimental to their own supply chains has been laid bare by a European Commission review of consortia block exemption regulations.Submissions from...

SAL mulls newbuildings amid early market rebound

[caption caption="Provided oil prices remain in the $60 per barrel range, SAL Heavy Lift expects to order new vessels some time in the next two years. Photo credit: SAL."][/caption]A rebound in oil and gas exploration and continued growth in the wind energy sector are creating hope that the decade-long downturn...

Small shippers face higher low-sulfur fuel burden

[caption caption="For their part, carriers have said privately and publicly that shippers have to fully pay their fare share to meet the IMO rule. Photo Credit: Shutterstock"][/caption]Smaller beneficial cargo owners (BCOs) are poised to pay a higher fuel price per TEU than their larger counterparts to meet the International Maritime...

PORT OF GUANGZHOU (NANSHA) UP IN 2018 GLOBAL PORT RANKINGS

Port of Guangzhou commands the number 5th Slot on the Top Global Ports with a 2018 record-breaking performance of 21.92 Million Teus, up 7.6% vs 2017. Port of Nansha, the only Deep-Water Port of the Guangzhou Port, contributed more than 70% of the total volume in Port of Guangzhou. Port of...

Enough low-sulfur fuel at US ports come 2020?

[caption caption="The International Maritime Organization has mandated that all ocean carriers must switch to burning fuel with a sulfur content of less than 0.5 percent on Jan. 1, 2020. Photo credit: Shutterstock.com."][/caption]With implementation of the International Maritime Organization’s (IMO’s) low-sulfur fuel requirement for vessel operators just 10 and one-half months away,...

Tampa port lands another Asian container service

[caption caption="CMA CGM will add Tampa Bay as a weekly stop on its PEX3 service beginning in May, a direct-from-Asia route already calling the Gulf Coast and Miami. Photo credit: Port Tampa Bay."][/caption]Correction: A previous version of this story incorrectly referred to the Cosco Shipping loop calling Tampa as a...

Daseke cool on M&A, hot on logistics

[caption caption="Flatbed and heavy-freight hauler Daseke took in $1.6 billion in revenue in 2018. Photo credit: Daseke."][/caption]After nearly doubling in size from 2017 to 2018, heavy-freight hauler Daseke is taking a “pause” from acquisitions and mergers in 2019 to focus on the platform that allows its 17 companies to provide...

Deeper channel allows more mega-ship calls at JNPT

[caption caption="The project to deepen Jawaharlal Nehru Port Trust (JNPT) from 14 m to 15 m (50 feet) was made possible by a public investment of about Rs.2,000 crore ($282 million). Photo credit: JNPT."][/caption]More large container ships are expected to start calling at Jawaharlal Nehru Port Trust (JNPT) following the...

Container carriers rewrite game plans

[caption caption="Diverging carrier strategies could have an impact on customers as firms look to differentiate themselves in a largely commoditized market. Photo credit: Shutterstock.com."][/caption]When 10 out of the top 20 major container carriers over the past four years ceased to exist as independent entities, or entirely in the case of...

Maersk call aids AECT volume gains

[caption caption="The Adani Ennore Container Terminal handled just 4,028 TEU during its first 10 months in operation, but has total throughput jumped to 31,373 TEU in the three months since since Maersk Line began calling AECT regularly on its Chennai Express Service (CHX). Photo credit: Adani Group."][/caption]The Adani Ennore Container...

Bureaucracy stymies post-Brexit customs prep

[caption caption="The UK is the port of Antwerp's second-largest trading partner, and customs issues are emerging as one of the most likely sources of disruption in a no-deal Brexit. Picture credit: Port of Antwerp"][/caption]Until just a few weeks ago, customs organizations in Europe were prohibited by Brussels from contacting their...