Ocean rates on the rise outside of ‘Hanjin effect’

Ocean freight rate benchmarking platform Xeneta said transpacific rates have been gradually rising since April, stripping out the short-term impact of Hanjin Shipping’s insolvency in late August. By Eric Johnson |Thursday, October 27, 2016 Ocean freight rates have been on a gradual rise since April, stripping out the short-term impact of Hanjin Shipping’s insolvency in […] Read More »

Hanjin Files Bankruptcy – Ocean Freight Soars

The Shanghai Container Freight Index (SCFI) rose sharply this week, reflecting Hanjin Shipping’s decision to file for receivership, leaving various ships stranded and some carriers refusing to tender cargo to the South Korean liner carrier or receive its cargo, at least temporarily. The overall index for export container rates from Shanghai to ports around the world jumped 27.9 […] Read More »

Asia West Coast the spot rate jumped 60% week-over-week

Ocean container freight rates are set to rise “modestly” over the coming 18 months from recent all-time lows, but not enough to rescue the industry from “substantial” losses in 2016, according to Drewry Shipping Consultants. “For 2017, Drewry anticipates a slightly brighter picture with global freight rates forecast to improve by about 8 percent,” said […] Read More »

Nikola’s sleek hybrid semi could be the Tesla of trucks

Tesla is getting into trucking. At least his first name is. The Nikola Motor Company, a Utah-based startup, has unveiled a compressed natural gas-electric hybrid semi aimed at disrupting the long-haul trucking industry the way the Tesla Model S did the car business. The company is run by Trevor Milton, a former executive at dHybrid […] Read More »

From high seas to high tech: Pirates hack shipping company

We are pretty sure these guys are NOT looking for plywood containers! File photo – A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt, July 25, 2015. (REUTERS/Stringer) Cunning tech-savvy pirates hacked a shipping company’s systems, enabling them to carefully target cargo on the firm’s vessels. A report released by Verizon […] Read More »

Port of Houston sets container handling record in 2015

More than 2.13 million TEUs moved over the U.S. Gulf Coast port’s docks in 2015, up from just over 2 million TEUs in 2014, and new facilities and infrastructure expansion are expected to support additional growth.   Full article here: http://www.americanshipper.com/Main/ASD/Port_of_Houston_sets_container_handling_record_in_63068.aspx Read More »

Delays of 10 days reported at Panama Canal – JOC.com

Reynolds Hutchins, Associate Editor | Nov 04, 2015 6:08PM EST Ocean carriers are canceling services and telling some shippers they can expect weeklong delays due to considerable and unexplained congestion through the Panama Canal. Various reports have cited adverse weather conditions in the area as El Nino has reduced rainfall and lowered the water levels […] Read More »

Customer of the month!

Pete is a satisfied distributor who’s customers simply love Primo Ply! We appreciate the business Pete! Here is a picture of his 10th truck this month. Read More »