News

01.11.2019

FMC’s detention-demurrage proposal divides shipping industry

Shipping industry stakeholders are debating who should bear the financial cost when certain events inside a terminal prevent the timely pickup of containers. Photo credit: Ari […]
01.11.2019

Saia leads LTL pack in revenue growth

Caption: Saia has opened eight terminals in 2019 to date, and plans more expansion. Photo credit: Ari Ashe. Anyone looking for signs of economic revival in […]
31.10.2019

IMCs don’t expect intermodal rebound until H2 2020

Hub Group and Schneider National reported intermodal revenue and volume declines in 3Q and don’t expect a recovery in the fourth quarter. Photo credit: Ari Ashe/JOC.com. […]
31.10.2019

Hong Kong simplifies barge system to boost transshipment

The Hong Kong barge berths handle 100 daily calls, providing connections to more than 100 terminals in South China and 200 global weekly services. Photo credit: […]
31.10.2019

JNPT doles out discounts for Chabahar calls, but at a cost

Efforts to boost trade activity on the shipping corridor linking India to Afghanistan via Chabahar Port in Iran have been met with a lukewarm reception. Photo […]
31.10.2019

ONE cuts profit forecast on rising economic fears

Ocean Network Express (ONE) is projecting a net profit of $60 million for its fiscal 2019 year, a considerable improvement from the $586 million net loss […]
31.10.2019

US footwear importers brace for Chinese tariff hit

Additional 15 percent import duties on footwear imported from China could be devastating for the highly price-sensitive, low-cost shoes sourced there. Photo credit: Shutterstock.com. After dodging […]
31.10.2019

Heightened customs scrutiny delays China-Hong Kong shipments

Chinese customs officials are giving particular scrutiny to freight trucked across the border from Shenzhen into Hong Kong amid ongoing anti-government protests. Photo credit: Shutterstock.com. Cargo […]
31.10.2019

Hapag-Lloyd to levy interim low-sulfur surcharge

Hapag-Lloyd will be implementing the IMO 2020 Transition Charge (ITC) from Dec. 1 to cover volatility in prices over the transition period when carriers switch to […]
30.10.2019

Cosco boosts Q3 revenue despite economic headwinds

Cosco Shipping said it expanded services to emerging and regional markets in the third quarter as part of China’s massive Belt and Road global development initiative. […]