New carrier capacity heating up market share battle

Fresh tonnage could upset the still-fragile balance of supply and demand in global container shipping. Two shipping industry analysts warn pending ship orders could reignite a battle for market share among the world’s major container lines, particularly if CMA CGM follows through on rumored orders of nine 22,000-TEU units. The orders threaten… Journal of Commerce | International Logistics

ELD rule will generate Big Data that boosts capacity

In the debate over just how much truckload capacity will be pushed from the US market because of the electronic logging device (ELD) mandate, the safety and productivity improvements often get lost. Those improvements will benefit shippers, motor carriers, third-party logistics providers, and drivers. The ELDs — which when connected to… Journal of Commerce | Regulation & Policy

Hong Kong grants five-year carrier block exemption

Carriers calling at Hong Kong will no longer need to worry about contravening the city’s Competition Ordnance. Hong Kong’s Competition Commission has approved a five-year block exemption for liner shipping companies more than 18 months after the carriers applied to have their vessel sharing agreements exempt from the law that came… Journal of Commerce | Regulation & Policy

Bangladesh floats infrastructure as Chittagong congestion cure

There’s little room for containers at the Chittagong port or the container depots serving it. As congestion flares at the port of Chittagong, the government of Bangladesh says it will build a floating terminal at the port’s outer anchorage to facilitate the movement of containers to and from the Pangoan Inland… Journal of Commerce | Regulation & Policy

Crucial vocabulary for changing shipping industry

Each year several famous dictionaries make headlines when they announce their latest acceptable additions (congratulations “YOLO”, “glam-ma”, and “ghost” as a verb), and although those of us who work in global trade compliance are not quite as newsworthy or creative when it comes to updating our vocabularies, we constantly have to refresh the… Journal of Commerce | Regulation & Policy

Low sulfur marine fuel rule comes with high price

It’s still more than two years away and on the radar of few beyond shipowners for whom a state of disquiet would certainly be understandable. On Jan. 1, 2020, a 0.5 percent sulfur cap on marine fuel consumption globally seems certain to take effect.  Unless an owner plans not to comply… Journal of Commerce | Regulation & Policy

Slideshow: How Fagioli handled the ‘move of the year’

Hannibal used elephants to cross the Alps into Italy, but more than 2,000 years later that was not 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… Journal of Commerce | International Logistics

American Airlines boosts Europe truck footprint

Second-quarter air cargo volumes at American Airlines rose by double-digits. American Airlines Cargo has boosted and expanded its European trucking network, adding services into London Heathrow and Barcelona airports to keep pace with rising demand for its 450 weekly departures. The trucking services operate via flight numbers, connecting offline cities and online… Journal of Commerce | International Logistics

Trans-Pacific spot rates hold onto gains of last week

Higher demand is keeping spot rates elevated after a rate increase. Spot rates in the eastbound Pacific edged lower this week after spiking by double digits last week as carriers attempt to maintain their pricing power during the early stages of the peak-shipping season. The spot rate for shipping a 40-foot container… Journal of Commerce | International Logistics

China wastepaper import ban less severe than feared

The latest crackdown is part of a larger policy to reign in solid waste imports China began in 2013. Although about 16 percent of US wastepaper exports to China could be lost due to the government’s latest ban on importation of scrap commodities, the estimated 160,000 TEU represented by mixed scrap… Journal of Commerce | International Logistics