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New and updates

New and updates

Pricing a claim is tied to shipment contract of sale

Sat, 24 Jun 2017

Pricing a claim is tied to shipment contract of sale

Q: I’d like to get clarification on whether the cost value of material or the full sale value of a product is the proper amount by which to value a claim. We’re a logistics group with a client that operates a transload terminal. Product was lost after the material arrived at...

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NY-NJ’s GCT Bayonne boosts appointment slots

Fri, 23 Jun 2017

NY-NJ’s GCT Bayonne boosts appointment slots

GCT Bayonne, the first marine terminal at the Port of New York and New Jersey to introduce an appointment system, will increase the number of reservation slots by more than 60 percent, a sign of trucker demand ahead of expectation for larger ships and the intensified import discharges they bring. Starting...

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Video: Machine Learning Holds Immediate Freight Potential

Fri, 23 Jun 2017

Video: Machine Learning Holds Immediate Freight Potential

To effectively leverage data and harness the tremendous potential of current technology, you don't need to wait for the perfect place or strategy, according to Adam Compain, CEO and Founder of predictive logistics company ClearMetal. Machine learning and AI can go beyond visibility, to forecast the progress of cargo, using...

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Trans-Pac spot rates fall again without peak season lift

Fri, 23 Jun 2017

Trans-Pac spot rates fall again without peak season lift

The peak season has yet to make itself felt on the trans-Pacific spot market. With a peak-shipping season in the eastbound Pacific still building, spot rates this week edged lower for the third straight week, falling 3 percent the East Coast and 5 percent to the West Coast.  The spot rate for...

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MSC takes full control of Itajai container terminal

Fri, 23 Jun 2017

MSC takes full control of Itajai container terminal

Portonave and other terminals in the Itajai port have struggled with draft issues for more than a year. Mediterranean Shipping Co.’s terminal arm Terminal Investment Limited has snapped up the half of the Itajai port’s Portonave container terminal it did not already own for 1.3 billion reais ($389 million), a sign...

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Structural changes of global shipping slow port growth

Fri, 23 Jun 2017

Structural changes of global shipping slow port growth

The maturation of container shipping in the developed world will prove challenging for ports globally. Ports are facing slower growth as fundamental structural changes in the container shipping industry and global trade impact throughput volumes, according to new research from global credit ratings agency Fitch. Fitch said ports and terminals also face...

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US railroads seen riding e-commerce growth to cargo gains

Fri, 23 Jun 2017

US railroads seen riding e-commerce growth to cargo gains

Although shipper spending on parcel surpassed rail last year, e-commerce still offers opportunities to US railroads. E-commerce and railroads aren’t often mentioned in the same breath, but US railroads are far from immune from the so-called Amazon effect. The rapid growth of online shipping and shifting fulfillment demands affect railroads directly...

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Russian northwest ports and terminals battle for cargo

Fri, 23 Jun 2017

Russian northwest ports and terminals battle for cargo

The Bronka port has added capacity to an already oversupplied market in the Russian northwest. Container terminal operators in Russia’s northwest are battling for market share with discounts, new services, and capacity expansions. The fight is fiercest among terminal operators in St. Petersburg, Russia’s top port, but also extends to the nearby...

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Kobe cranes to improve big ship handling

Fri, 23 Jun 2017

Kobe cranes to improve big ship handling

New cranes will soon join the skyline in Kobe. Two new ship-to-shore gantry cranes will become operational at the Port of Kobe soon as part of the port’s efforts to boost its international competitiveness by enabling it to better handle larger ships, the port operator said. The two “high-standard” gantry cranes will...

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Indian terminals say SOLAS compliance strong

Fri, 23 Jun 2017

Indian terminals say SOLAS compliance strong

The international shipping community feared widespread disruption when the container weight rule took effect July 1, 2016. Global container terminal operators active in India told JOC.com that shipper compliance with the Safety of Life at Sea (SOLAS) verified gross mass requirement remains an integral part of their operational planning and supply...

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