TiL has acquired the shareholding of the Ocean Terminal and Terminal de Normandie with an investment of €700m ($713m), which will include the creation of 900 jobs for dockworkers and 200 for maintenance staff over a six-year period. TiL CEO Ammar Kanaan said the deal had been possible “thanks to...
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Nippon Express launches intermodal US export service to Asia via Mexico
The service involves moving containerised freight on trailers from the US west coast to Nippon Express’s warehouse in San Luis Potosi, Mexico, and then shipping from Manzanillo Port to Asia. Nippon Express claimed the intermodal service offered shippers a dependable lead time – for example,...
Shippers jockey for position with supply chain visibility critical in a declining market
Supply chain visibility provider Tive conducted a survey of 250 businesses, in collaboration with the Worldwide Supply Chain Federation, consultancy Charlie Pesti and Shipping and Freight Resource. It says “supply chain visibility has risen in business criticality”, and is now critical for B2B o...
Box lines undercut forwarders' ocean rates in fear of soft market
However, supply chain bottlenecks could yet “save the day” for carriers by propping up long-term contract rates. According to Sunny Ho, executive director of the Hong Kong Shippers’ Council, forwarders have “refused to lower their rates”, even while shipping line rates have dropped as much...
Carriers holding spot rates steady, but how sustainable are contracts?
Global demand data released this week by Container Trade Statistics (CTS) shows evidence of further signs of weakening in the market, with 2.8% fewer full containers transported in May than in the same month last year. And a carrier contact Logistic-News spoke to this week admitted that the peak...
Chennai trucker strike ends – work to clear cargo backlog begins
The disruption in the ports of Chennai, Ennore (Kamarajar) and Kattupalli, which handle the majority of containerised trade in and out of the region, ended yesterday evening, after container freight station (CFS) stakeholders agreed to revise haulage rates. Trailer owners had demanded an 80% increas...
'Mad MAX' launches court action to protect whales from maritime industry
In a case that could, ultimately, shut US ports, court documents claim a failure to enforce the Endangered Species Act (ESA) of 1969 has led to the near extinction of a number of species of whale that currently feed, mate and co-exist with the international maritime industry in areas supposedly prot...
Cargo flows on India's east coast are stalled as trucker strike bites
Local sources said about 4,000 trailer vehicles handling local container freight station (CFS) cargo at the ports of Chennai, Ennore (Kamarajar) and Kattupalli have been off the road since Monday. The Trailer Owners’ Association is pressing for a substantial “long overdue” hike in haulage rate...
Hong Kong extends block exemption for VSAs for another four years
The exemption will be valid until 8 August 2026, despite originally being scheduled to run until 2027. “While the order had an initial duration of five years, it is only being renewed for a further four. This is in light of the continuing impact of the Covid-19 pandemic on the prevailing market co...
PanStar increases Busan-Osaka capacity as express cargo volumes return
Ro-ro vessel PanStar Dream (pictured), which has 180 teu of container capacity, was idled as tourism ground to a halt during the first wave of Covid in 2020, and has been reactivated to join PanStar Genie 2 on the Busan-Osaka route. PanStar Enterprises, which operates the ro-pax service through PanS...