Weekly blogger and consultant Jon Monroe has returned to the commentary business, after a rest, with a critical, if not surprising, observation that 2022 is looking much like last year on the transpacific. “With approximately 100 vessels waiting for a berth and Covid spreading through port labour, things will be getting worse...
The vertical integration and modal mash-up continues. The Loadstar reveals today that a forwarder has started a shipping line and now a shipping line is looking at buying an airline. MSC has told the Italian government it wants to buy a stake in the new airline, ITA Airways, which began operations in...
Having already outstripped Long Beach as a bigger US import container hub, the port of New York & New Jersey is close to usurping Los Angeles at the top of the rankings. The reason is the accelerating coastal shift of imports from west to east. According to the latest data compiled by Blue...
PRESS RELEASE Heppner announces the acquisition of the Swiss Group SAFRAM, with operations in Switzerland, France, Germany, the United Kingdom and Hungary. This acquisition forms part of Heppner’s international growth and business diversification strategy, now with the integration of expertise in dangerous goods transport and logistics. The overall goal is to strengthen the...
Some mid-size forwarders are rejecting new larger customers, having been forced to adapt their business model to accommodate the contract ban from Maersk and the reluctance of other shipping lines to offer much capacity. Maersk’s move to restrict them to its Spot product only is said to have left some “4m teu...
Hutchison Ports says Yantian International Container Terminal (YICT) in southern China lowered the cut-off time for receiving outbound containers since Wednesday, claiming delayed ship arrivals have caused containers to pile up in its yard. YICT is one of three sub-ports that make up Shenzhen port, the others being Nanshan and Dachan Bay. Shenzhen...
“Thousands” of small freight forwarders fear for their survival following Maersk’s decision to offer them only its Maersk Spot product. The loss of the vast majority of Maersk’s capacity has led to some “4m teu looking for a new home”, according to one major forwarder. Larger forwarders have secured long-term contracts with other...
Dalian is the latest port city in China to detect the Omicron variant, as forwarders warn of more shipping delays in the countdown to Chinese New Year. So far, there has been no impact on Dalian’s port operations, but the outbreak is reportedly growing at nearby Tianjin, under lockdown and where car...
As a harbinger of spectacular results from the liner industry for the final quarter of 2021, on the back of an 80% average rate increase and a new record for quarterly earnings, Maersk has again upgraded its full-year guidance. Based on preliminary results, the Danish shipping company said today it expected to...
South Korea’s Ministry of Land, Infrastructure and Transport (MOLIT) is taking urgent action to deliver over 200,000 stranded parcels resulting from a prolonged strike by subcontracted couriers of the country’s largest logistics company, CJ Logistics. Around 1,700 workers hired by the sub-contractors have refused to work since 28 December, claiming their wage...
