Category: Uncategorized

Australia’s VICT extends terminal concession at Port of Melbourne to 2066 The subsidiary of Manila-headquartered International Container Terminal Services said the agreement extends the lease expiration from 2040 to 2066. Go to journal of commerce

Maersk to reorganize logistics segment as profit margins fall short again The move to split Logistics and Services into three product segments reflects the sensitivities around a division that underpins the carrier’s integrated end-to-end strategy launched in 2017. Go to journal of commerce

Polish trade group hits out at ‘unequal rules’ for Chinese e-commerce platforms The digital trade body argues that online sellers outside the EU were able to scale rapidly by exploiting gaps in customs and regulatory enforcement that European businesses could not legally replicate. Go to journal of commerce

Shippers look inland to move swelling project cargo demand Inland water transport offers a lower-emission alternative routing for out-of-gauge cargoes, with cost-efficiency, lower energy consumption, and fewer accidents among other advantages. Go to journal of commerce

NY-NJ port’s stricter absentee policy results in first longshore cuts  Marine terminals are using the new longshore contract to tackle one of the port’s recurring problems, with the union’s support, as they look to boost efficiency at the biggest port along the US East Coast. Go to journal of commerce

NY-NJ port’s stricter absentee policy results in first longshore cuts  Marine terminals are using the new longshore contract to tackle one of the port’s recurring problems, with the union’s support, as they look to boost efficiency at the biggest port along the US East Coast. Go to journal of commerce

Disruptive winter weather in US jolts spot truck rates to big gains The shock in spot market rates after the recent snowstorm and frigid temperatures has rivaled the severe winter weather of February 2021, which kickstarted an entire year of rising rates on shippers. Go to journal of commerce

Disruptive winter weather in US jolts spot truck rates to big gains The shock in spot market rates after the recent snowstorm and frigid temperatures has rivaled the severe winter weather of February 2021, which kickstarted an entire year of rising rates on shippers. Go to journal of commerce

India advances launch of state container line after cabotage rule rewind New Delhi has formed a consortium of six state-owned entities to push ahead with a plan to launch a large nationally-owned container carrier, to be known as the Bharat Container Shipping Line. Go to journal of commerce

India advances launch of state container line after cabotage rule rewind New Delhi has formed a consortium of six state-owned entities to push ahead with a plan to launch a large nationally-owned container carrier, to be known as the Bharat Container Shipping Line. Go to journal of commerce

‘Lumpy’ project cargo demand to lead to two-tier MPV market Power generation cargoes are on the rise amid surging demand linked to data centers, but cargo generated by oil projects will be on shakier ground in 2026. Go to journal of commerce

‘Lumpy’ project cargo demand to lead to two-tier MPV market Power generation cargoes are on the rise amid surging demand linked to data centers, but cargo generated by oil projects will be on shakier ground in 2026. Go to journal of commerce

Gemini benefits face looming challenge from oversupplied market: Maersk CEO The carrier’s solid interim earnings through 2025 ensured a positive full-year result, but red ink made its first appearance in two years on the company’s quarterly balance sheet. Go to journal of commerce

Gemini benefits face looming challenge from oversupplied market: Maersk CEO The carrier’s solid interim earnings through 2025 ensured a positive full-year result, but red ink made its first appearance in two years on the company’s quarterly balance sheet. Go to journal of commerce

DSV moves to transform its business as Schenker integration accelerates Absorbing its largest and most complex takeover to date was initially expected to take at least two years to complete, but will now be fully wrapped 20 months after the DB Schenker acquisition closed. Go to journal of commerce

Charleston slows railyard development amid insufficient shipper demand Charleston’s total rail lifts for 2025 were about one-quarter of the planned capacity of Navy Base Intermodal Facility, prompting the port’s CEO to reset capital spending plans. Go to journal of commerce

Atlantic storms force terminals in Western Mediterranean to close again Just days after last week’s storm shut terminals and disrupted shipping schedules, Maersk warned that weather in the region has “deteriorated beyond initial expectations.” Go to journal of commerce

Tariffs claim another victim on the trans-Pacific: the pre-CNY cargo surge Sources say sustained weak market fundamentals have caused this year to be atypical in terms of demand in the immediate run-up to Lunar New Year, which begins Feb. 17. Go to journal of commerce

Labor strike at Chittagong Port cripples Bangladesh container flows Multiple local sources told the Journal of Commerce the escalating unrest that entered its fifth day Wednesday has brought all port operations, including vessel berthing and cargo clearance, to a halt.  Go to journal of commerce

Maersk, Hapag-Lloyd confirm they’ll route Gemini service through Suez The India/Middle East-Mediterranean service will be the first Gemini loop in two years to transit the Red Sea, with plans for other services to follow “where possible,” the alliance partners say. Go to journal of commerce

Solid January demand to largely mute Lunar New Year air freight rush Momentum from robust growth on some Asian export trade lanes following the Christmas holidays has now slowed, with forwarders and analysts expecting muted demand over the coming two weeks. Go to journal of commerce

Auto tariff wars in Mexico, South Africa threaten to torpedo Indian ro/ro trade The two markets hold high stakes, pegged at $2 billion in combined export value for both homegrown and global auto brands in India.  Go to journal of commerce

Tech vendor GenLogs lands $60 million to target shippers, banks The software company with a network of thousands of proprietary roadside cameras has been primarily serving freight brokers with capacity sourcing and fraud mitigation tools. Go to journal of commerce

US agrees to slash tariffs on imports from India after reaching trade deal Both sides had been engaged in protracted negotiations to break the trade deadlock that had cut India’s imports to the US East Coast by more than 30% over the past six months. Go to journal of commerce

Breakbulk, project cargo operators expand fleets with raft of new orders Norden, Stena RoRo and Meriaura commit to up to 15 new ships as the resilience of the MPV market is reflected in the most recent quarterly sentiment index published by One World Shipbrokers. Go to journal of commerce

AI primed to offer ocean carriers many and varied ways to cut expenses With few opportunities for large-scale consolidation and freight rates under growing pressure from slowing volumes and the largest-ever order book, liners will need to look elsewhere to save costs; it won’t be long before AI offers up ready solutions, writes Peter Tirschwell.…

FMC weighs hefty fees, port bans for Spanish vessels The move comes after Spain turned away three US-flag ships and a Danish multipurpose vessel on the grounds they were carrying military cargo bound for Israel. Go to journal of commerce

APMT to run Hutchison’s Panama terminals on interim basis after court ruling  The appointment of Maersk’s terminals arm came just hours after Panama’s Supreme Court nullified the concessions Hutchison had held at the Balboa and Cristobal ports for almost 30 years. Go to journal of commerce

Schneider Q4 profit weakens, but company pins hopes on capacity exits CEO Mark Rourke said a spot rate surge in December was the first sign of truckload capacity exits having a material impact on prices that will eventually lead to the carrier being able to charge shippers higher rates. Go to journal of commerce

Panama court voids CK Hutchison canal terminal leases The decision nullifies Hong Kong-based Hutchison’s ability to operate the Balboa and Christobal ports that bookend the Panama Canal and clouds its attempt to sell its global terminals portfolio. Go to journal of commerce

Frontloading drags ONE to a loss in its fiscal third quarter A surge in tariff-driven frontloading from Asia to North America earlier in the year led to a wait-and-see approach from US importers, resulting in weaker demand. Go to journal of commerce

Trump elevates Laura DiBella to be FMC chairman DiBella, nominated to be a commissioner last September, said her focus for the agency will be to support Trump’s push to restore the American maritime industry. Go to journal of commerce