News

29.02.2020

Blank sailings holding up spot rates in eastbound trans-Pacific

Container volumes in the eastbound trans-Pacific are expected to be lower year over year, at least through the first quarter. Photo credit: Shutterstock.com. Spot freight rates […]
28.02.2020

G2 Ocean beefs up executive staff amid project cargo push

G2 Ocean is expanding into new project cargo markets while maintaining its focus on wind energy transportation. G2 Ocean, the breakbulk shipping joint venture company formed […]
28.02.2020

Mundra leads transshipment gains from Indian cabotage liberalization

The four Adani-controlled terminals at India’s Mundra port together handled 3.75 million TEU in 2019, up from 3.63 million TEU in 2018. Photo credit: Adani Ports. […]
28.02.2020

Coronavirus disruption fuels surcharges, rate hikes for Indian shippers

A Mumbai-based forwarder said with vessel sailings across strings connecting China being increasingly canceled and equipment shortages rising, the disruptive implications can linger for months. Photo […]
28.02.2020

Rankings: Top trans-Pacific carriers hold line on market share in 2019

Total trans-Pacific container trade slipped 1.8 percent year over year to 22.6 million TEU in 2019, as a 0.3 percent increase in US exports to Asia […]
28.02.2020

Mexican government looks to build on downward trend in cargo theft

Amid a federal crackdown, cargo theft on Mexican trucks and railroads dipped 1 percent to 17,053 incidents in 2019, according to supply chain security research firm […]
27.02.2020

Southeast US ports brace for volume hit from coronavirus

Savannah (above) has the most weekly Asian services among southeast US ports and is often the first port of call on a trans-Pacific route through the […]
27.02.2020

Failure to recoup higher IMO costs threatens container shipping: consultant

Carriers since late last year have been struggling to recoup the higher fuel costs they now face under the IMO 2020 mandate that took effect Jan. […]
27.02.2020

New carrier, terminal members boost CargoSmart data-sharing effort

Competing blockchain-backed data sharing initiatives have been met with some skepticism by the shipper and forwarder community, but have landed big names in the liner shipping […]
27.02.2020

Coronavirus a temporary setback amid Asia acquisition hunt: K+N

Kuehne + Nagel has its M&A crosshairs on Asian companies with a war chest ready for acquisitions, and a consolidated management team standing by. Photo credit: […]