Few bright spots in official 1Q intermodal data

A BNSF Railway train hauling ocean containers. Although international volumes rose slightly, overall intermodal loads fell in 1Q for the first time since 2016. Photo credit: Shutterstock There are few bright spots for intermodal in the first quarter and warning signs that business conditions are heading towards a freight recession. It’s hard to determine whether the numbers mean shippers aren’t moving as much freight, they are disenchanted with rail service,…

April 19, 2019
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Capacity ‘overshoot’ pulls down truckload contract rates

Truckload carriers added enough capacity in 2018 to Truckload pricing power has swung back to US shippers, and it’s difficult to see when that might change as the US economy expands more modestly in 2019 than last year, Kevin M. Zweier, vice president of transportation practice at Chainalytics, said during a JOC.com webcast Thursday. The addition of fresh truck capacity is pulling spot and contract rates lower. “What we predict…

April 19, 2019
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Seaboard Marine announces new Central America routes

Starting 8 May, Seaboard Marine will begin running ships between Central American and the Port of Savannah. The Miami boxship operator announced the new service this week, which will run both dry and refrigerated cargo. “We are excited about the opportunity to connect our brand of premium service forged over our 35-year history in Central America to this new domestic port,” said Jose Concepcion, Seaboard’s vice president of central america….

April 18, 2019
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Mexican teacher blockade dents KCS intermodal volumes

A 26 percent decline in Kansas City Southern’s intermodal volume through the port of Lazaro Cardenas contributed to a 1 percent decrease in overall volume for the railroad during the first quarter. Photo credit: Shutterstock.com. The teacher blockade that halted trains into the Mexican ports of Manzanillo and Lazaro Cardenas in early 2019, pulling down intermodal volume handled by Kansas City Southern of Mexico, provides a reminder of the challenge…

April 18, 2019
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Zeaborn to take full ownership of Zeamarine

Zeamarine’s present fleet consists of about 90 multipurpose and heavy-lift (MPV/HL) vessels with lift capacities up to 1,400 tons, according to the company. Photo credit: Zeaborn. Multipurpose and heavy-lift (MPV/HL) carrier Zeaborn Group will take full ownership of its Zeamarine joint venture (JV), pending approval by antitrust authorities, under an agreement to acquire the remaining interest in Zeamarine that is now held by New Mountain Capital. The Zeamarine JV was…

April 18, 2019
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Navios Maritime Holdings sells veteran bulk carrier

Angeliki Frangou’s Navios Maritime Holdings is said to have sold off one of its older bulk carriers. If confirmed the deal would mark the latest step in its fleet renewal efforts, which have seen other older vessels sold of late. Brokers say the 53,500-dwt Navios Mercator (built 2002) has been bought by an unknown party for between $7m and $7.2m. Navios officials could not be reached for comment on the…

April 18, 2019
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SEA\LNG and SGMF LNG emissions study raises questions

Industry coalition SEA\LNG and the Society for Gas as a Marine Fuel (SGMF) faced questions about the relevance of their newly commissioned “well-to-wake” study launched last week, which details that using LNG as a marine fuel can cut shipping’s greenhouse-gas emissions by up to 21%. The 168-page report, entitled The Life Cycle GHG Emission Study, was conducted by independent consultancy firm thinkstep and looked at the entire chain from gas…

April 18, 2019
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Pertamina weighs up options to upscale West Java FSRU

Indonesian oil-and-gas giant Pertamina is looking at whether to replace an existing LNG carrier-to-floating storage and regasification unit conversion with a purpose-built newbuilding at the end of a charter contract and as import needs grow. Shipbuilding sources said Pertamina and its partners in the FSRU Nusantara Regas Satu, which is currently stationed off West Java, have been making enquiries about a newbuilding that could potentially replace the existing unit. But…

April 18, 2019
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Tanker arrest highlights PDVSA sanctions struggle

Bernhard Schulte Shipmanagement (BSM)’s arrest of a tanker in Singapore last week could be the first of many for Petroleos de Venezuela SA (PDVSA). The shipmanager filed a SGD 2.6m ($1.92m) claim against the 113,200-dwt Arita (built 2015) for unpaid bunker bills, crew ­wages, ship chandler services, shiprepair costs and provision of services. It is unlikely that BSM wanted to arrest a vessel belonging to a long-time client, but with…

April 18, 2019
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Vacancies Filled and Available Throughout the Freight and Logistics Sector

Who is Off Where This Week in the Appointments Report UK – Independent freight forwarding and logistics provider Davies Turner, has announced John Adams to its Ocean Management Team as Head of Trade for Middle East, Indian Sub-Continent, South Africa, and emerging Markets. Adams rejoins the group following seven years at container shipping giant, Mediterranean shipping Company (MSC) and is replacing Todd Moore, who retires this month. Previously, Adams spent…

April 18, 2019
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