Industry News

  • US soybean exports poised for rebound
    by Jul 24, 2017 10:27AM EDT on July 24, 2017 at 2:27 pm

    Political and economic turmoil in Brazil present an opportunity for US soy exporters to cement their market dominance. US soybean exporters are bullish on a rebound this year thanks to record high demand from their top customers in China and political unrest literally derailing shipments from their top competitors in Brazil. Click... […]

  • Rotterdam port asks for support to match rivals’ handouts
    by Jul 24, 2017 9:48AM EDT on July 24, 2017 at 1:48 pm

    The Rotterdam port says the lack of state support threatens its competitive position. The Port of Rotterdam Authority has called for increased financial support from the Dutch government to match state handouts to its rivals in neighboring countries that it claims threaten its competitive position. “Ports in neighboring countries receive financial support... […]

  • Deadly dock accident sparks wildcat JNPT trucker strike
    by Jul 24, 2017 9:30AM EDT on July 24, 2017 at 1:30 pm

    A group of truckers serving the government terminal in JNPT are refusing to continue work. A group of harbor truck drivers at Jawaharlal Nehru Port Trust (JNPT) abruptly walked off the job Sunday night to protest the death of a colleague in a dockside accident, slowing loading and discharging operations on... […]

  • Japan studies Chittagong relief as congestion worsens
    by Jul 24, 2017 9:14AM EDT on July 24, 2017 at 1:14 pm

    The port of Chittagong is operating well above its designed capacity. Amid severe and worsening congestion at Chittagong port, with container ships' average time in port for the month of July rising more than three hours in just the last week, the Japan International Cooperation Agency (JICA) is assessing the potential... […]

  • Intra-Asia volume forecast to hit nearly 30 million TEU in 2017
    by Jul 24, 2017 5:55AM EDT on July 24, 2017 at 9:55 am

    Tan Cang Cai Mep International Terminal in Vietnam. Credit: TCIT Carriers have introduced 10 new services on the intra-Asia trade so far this year to capture rising container throughput in the world’s largest trade that Drewry says will report annual liftings of close to 30 million TEU in 2017.The container analyst... […]

  • PIL shrugs off takeover target speculation
    by Jul 24, 2017 4:50AM EDT on July 24, 2017 at 8:50 am

    The container shipping market has improved in the first half, says PIL. Photo Credit: Bahnfrend Independent mid-scale carrier Pacific International Lines has brushed off suggestions that it is a likely takeover target, pointing instead to the improving container shipping environment that is pushing up industry profitability.A spokesman for the Singapore-based line,... […]

  • Flood of giant vessels to keep Asia-Europe rates under pressure
    by Jul 24, 2017 12:35AM EDT on July 24, 2017 at 4:35 am

    At 21,413 TEU, OOCL Hong Kong was the first ship to cross the 21,000 TEU barrier when it was launched in Korea in May. The vessel is the first of six ultra-large container ships that will serve on the Asia-Europe trade. Ultra-large container ships greater than 18,000 TEU will comprise 61... […]

  • US Gulf petrochemical investment a boon for project cargo
    by Jul 23, 2017 8:00AM EDT on July 23, 2017 at 12:00 pm

    Project cargo shippers and carriers hope to benefit from continuing petrochemical investment in the US Gulf, a rare bright spot in a generally weak global breakbulk market, and from increased shipments of large construction modules. Gulf ports and transportation service providers in the region have had plenty of business during the... […]

  • Whose packing will determine this damage claim
    by Jul 22, 2017 8:00AM EDT on July 22, 2017 at 12:00 pm

    Q: I am curious about the responsibility for an airbag failure. We regularly move product via intermodal carriers and seldom have damage problems. We use airbags to brace our products inside the containers, which works very well for us. One issue that does arise occasionally is damage that occurs when an airbag... […]

  • Slideshow: How Fagioli handled the ’move of the year’
    by Jul 22, 2017 7:00AM EDT on July 22, 2017 at 11:00 am

    Hannibal used elephants to cross the Alps into Italy, but more than 2,000 years later that wasn’t an option for the movement of a large tunnel-boring machine from Germany to Italy. Italian heavy hauler Fagioli used trucks, barges, and ships to move sections of the machine, built by Herrenknecht AG in... […]

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