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Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.
May - 2019 -
24 May
Chris Dupin

Maersk ‘focused on profitability,’ not starting price war

CEO Skou reports “good progress” on business transformation, but says new tariffs could potentially reduce expected growth in global container volumes by 1%.

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23 May
Chris Dupin

CMA CGM orders container trackers

Shipping line orders additional “smart container” equipment from Traxens that allows shippers to monitor cargo.

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22 May
Chris Dupin

Panama postpones latest draft reduction

The sixth draft reduction of the year now is scheduled for June 12 instead of Tuesday.

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Chris Dupin

ZIM reduces first-quarter net loss, increases revenues

Cooperation with Maersk and MSC is expected to reduce costs and improve service.

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17 May
Chris Dupin

CMA CGM launches Reefer Pharma division

The new division will offer solutions for temperature-controlled transportation of pharmaceutical products.

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16 May
Chris Dupin

BNSF breathes new life into Portland terminal

Shuttle trains now move ocean containers between the Oregon port’s Terminal 6 and Seattle and Tacoma following a series of labor disruptions and shutdowns.

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Chris Dupin

DP World acquires another British Columbia terminal

The investment company Caisse de dépot et placement du Québec reportedly is a partner in the Canadian deal and also is taking a piece of DP World’s investments in Chile.

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Chris Dupin

Port of L.A. accident kills dockworker, injures another

A container top loader reportedly exploded Wednesday morning at Fenix Marine Services’ Pier 300 container terminal.

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Chris Dupin

Containerization & Intermodal Institute to fete Shea, Lytle  

William J. “Bill” Shea Jr. will receive the 2019 Connie Award and J. Christopher Lytle will be honored with the Lifetime Achievement Award in California in September.

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Chris Dupin

Fitch: US ports’ revenues insulated from tariffs

Credit rating agency says while traffic may fall, revenues are not likely to be affected in the medium term.

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Chris Dupin

Maersk seeks faster growth in logistics services

APM Terminals Inland Services will be integrated into Maersk Logistics & Services.

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15 May
Chris Dupin

More carriers join Digital Container Shipping Association

COSCO has yet to join the organization that seeks to enable digital standardization.

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Chris Dupin

Yang Ming reports higher revenue, smaller loss in Q1

Results were better than expected, and the company points to a forecast of improving supply-demand balance in container shipping.

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Chris Dupin

Port of Oakland looks at diversifying revenue

While the port’s focus is on containerized cargo, it says handling aggregate could provide a steady, divergent revenue stream.

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Chris Dupin

HMM revenue up but volume uncertainty remains

The Korean carrier has reduced its operating loss and prepared for IMO 2020 but is still concerned about a global economic slowdown, Brexit and the U.S.-China trade conflict.

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14 May
Chris Dupin

Port of Oakland will continue waterfront ballpark talks

Commissioners voted 7-0 in favor of continuing negotiations with the Oakland Athletics for the lease of Howard Terminal as the site for a new baseball stadium.

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Chris Dupin

APL to change Hawaii service

The company’s Eagle Express X service will offer carriage of container cargo from Asia to Honolulu on alternate weeks.

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13 May
Chris Dupin

Prince Rupert plan shows potential for massive expansion

The British Columbia port handled just over 1 million TEUs in 2018, but planners say it has potential capacity of 6 million to 7 million TEUs.

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Chris Dupin

IMO looking at ways to further reduce shipping emissions

Reducing greenhouse gases is a key agenda item as the Marine Environment Protection Committee meets this week in London.

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Chris Dupin

ILWU authorizes strike in British Columbia

Negotiations are continuing between employers and the union with the help of Canada’s Federal Mediation and Conciliation Service.

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10 May
Chris Dupin

FMC wants details on joint terminal ventures

Ports America, Ceres and SSA Marine plan a joint venture in Charleston and Savannah, while TOTE subsidiary and Luis Ayala Colon want to partner in San Juan.

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09 May
Chris Dupin

Coalition opposes mandated slow steaming

A requirement for ships to go slow in order to reduce greenhouse gas emissions could be counterproductive, says the Coalition for Responsible Transportation.

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Chris Dupin

Hapag-Lloyd reports ‘significantly higher’ Q1 profit

CEO Rolf Habben Jansen said transpacific contract rates saw an average “three-digit increase” per TEU.

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Chris Dupin

Bad weather hits Matson in first quarter

But the company says revenues are up and predicts an increase in operating revenue for 2019.

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08 May
Chris Dupin

Panama Canal plans another draft restriction

Effective May 28 the maximum authorized draft for vessels transiting the canal’s Neopanamax locks will be 43 feet, down from 50 feet at the beginning of the year.

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Chris Dupin

Yantian Express to offload containers in Halifax

Some shippers have not yet posted general average and salvage security.

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Chris Dupin

Manufacturers call for reauthorization of Ex-Im Bank

The National Association of Manufacturers called on Congress to swiftly reauthorize the Ex-Im Bank after three board members were confirmed.

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Chris Dupin

British Columbia ILWU locals vote on strike authorization

Members of the International Longshore and Warehouse Union have been negotiating with employers for 17 months to replace the contract that expired on March 31, 2018.

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07 May
Chris Dupin

Trump tweets unlikely to move container rates

There is not enough time to front-load shipments if Trump acts later this week.

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06 May
Chris Dupin

PSA International to acquire Halterm, Penn Terminals

Macquarie Infrastructure fund selling facilities to the Singapore-owned terminal operator for an undisclosed price.

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Chris Dupin

Toll to work with Port of Los Angeles on warehouse

Toll Global Forwarding has been selected by the Port of Los Angeles to negotiate a lease for a prime warehousing location currently used by NFI’s Cal Cartage unit.

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03 May
Chris Dupin

Longshoremen and employers oppose Texas legislation

Bills in state legislature to limit containerships calling Houston could “crush” economic growth, say International Longshoremen’s Association and USMX.

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Chris Dupin

Connecticut marine terminal to be wind energy hub

Connecticut Port Authority partners with wind energy company Ørsted and the electric utility Eversource on $93 million of improvements in New London.

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Chris Dupin

Port of Oakland to hold vote on ballpark

Port commissioners will decide whether to give the Oakland Athletics four years to complete studies and agreements for proposed baseball stadium that industry opposes.

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02 May
Chris Dupin

Carrier alliances have grown but competition remains

FMC commissioners told during a meeting Wednesday there is “ample capacity” and freight rates have decreased.

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01 May
Chris Dupin

Call issued for shipping speed limits

When carriers cut ship speeds in the great recession, emissions fell. Now a group of companies says this phenomenon can be used to fight global warming.

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Chris Dupin

Intermodal volumes slip in first quarter

Gains in international intermodal offset by losses in domestic container and trailer moves.

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Apr - 2019 -
30 April
Chris Dupin

OOCL acquisition boosts COSCO

Sharp increase in profit, revenues and volumes reflect the purchase of a majority interest in Orient Overseas (International) Ltd. last summer.

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Chris Dupin

DSV reports higher profit, revenue in first quarter

DSV says it had “healthy top-line growth” and expects to close Panalpina acquisition in third quarter of 2019.

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29 April
Chris Dupin

Macquarie consortium buying Long Beach terminal

Orient Overseas (International) Limited announced the sale for $1.78 billion of Long Beach Container Terminal to a consortium led by Macquarie Infrastructure Partners.

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Chris Dupin

Japanese shipping lines expect better year ahead

Results of NYK, MOL and “K” Line suffer from loss by their joint venture, Ocean Network Express.

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Chris Dupin

Containership demolitions forecast to rise

But because so many containerships are relatively new, the pool of candidates for scrapping is limited.

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26 April
Chris Dupin

Houston trying to balance shipping, energy interests

The port also is looking to speed up a project to widen its main shipping channel.

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Chris Dupin

ONE reports $586 million loss in 2018-19 fiscal year

Ocean Network Express, the container shipping company owned by NYK, MOL and “K” Line, forecasts a profit in the current fiscal year.

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25 April
Chris Dupin

MPC Container Ships obtains loan, OKs share increase

CIT Group provides revolving credit line to the feeder ship company and shareholders vote to authorize additional shares.

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24 April
Chris Dupin

HMM expanding cooperation with FESCO

The companies will increase the number of services on which Hyundai Merchant Marine shares space from one to three.

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23 April
Chris Dupin

State legislators hear differing views on Oakland ballpark

The Pacific Merchant Shipping Association and longshoremen oppose the plan by the Oakland Athletics to build a ballpark on Port of Oakland property.

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Chris Dupin

HMM’s new CEO discussing future with 2M

Jae-hoon Bae also will meet with employees, shippers and the head of the IMO during a visit to Europe less than a month after becoming head of the South Korean […]

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22 April
Chris Dupin

Calculating carbon footprints of logistics operations

European shippers and forwarders help advance standard framework for measuring the impact of logistics on emissions.

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17 April
Chris Dupin

ZIM joins TradeLens platform

Developed by Maersk and IBM, TradeLens uses blockchain to promote exchange of shipping and trade data.

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16 April
Chris Dupin

A carrier group for the digital era

The Digital Container Shipping Association will focus on driving standardization, digitalization and interoperability in container shipping.

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15 April
Chris Dupin

Port of L.A. postpones vote on Pier 400 automation

International Longshore and Warehouse Union opposes plan to automate the APM Terminals container facility.

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11 April
Chris Dupin

Shipping should be on ‘red alert’ for cyber risks

Head of Israeli maritime security firm Naval Dome says the “maritime sector is being targeted by highly motivated cyber criminals.”

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10 April
Chris Dupin

New bulk carrier being built for Great Lakes

Fincantieri Bay Shipbuilding is tapped to build the first U.S.-flag bulker for the Great Lakes trade in more than 35 years for Interlake Steamship Company. 

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05 April
Chris Dupin

Dachser reports strong U.S. growth

In 2018 “logistics had to focus on the discipline of scarce resources management,” says CEO Bernhard Simon.

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04 April
Chris Dupin

Containers could be a Brexit relief valve

Drewry study finds lots of capacity at U.K. ports and feeder ships that could help out if the Port of Dover becomes jammed.

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Chris Dupin

A cargo wrangler expands to China

Subsidiary of CBX Global has opened four offices in China to provide solutions to customers’ varied problems.

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Chris Dupin

Shipowners told to avoid over-ordering new ships

ICS executive says “clouds of protectionism and slowing growth in key economies mean that the avoidance of over-ordering is now more important than ever.”

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02 April
Chris Dupin

Navis continues to roll out additional products

Navis Smart will allow customers to take advantage of artificial intelligence and machine learning.

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Chris Dupin

GlobalTranz Enterprises acquires Circle 8 Logistics

The Arizona-headquartered freight broker has made nine acquisitions since January 2017.

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Chris Dupin

Hamburg Süd sells bulk shipping operations

The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.

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01 April
Chris Dupin

DSV to acquire Panalpina for $4.6 billion

DSV will acquire Panalpina in an all-stock deal to create the world’s fourth-largest freight forwarder.

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Mar - 2019 -
29 March
Chris Dupin

Executive Moves: Maersk, InstaFreight

Maersk appoints longtime employee Doug Morgante as VP of North American government relations; Marc Papenhoff joins InstaFreight as director of business development.

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Chris Dupin

European shippers demand changes to regulation

Complaining about service quality, the shipper group says the current regulation that allows vessel sharing “does not fulfill its own objective” and should be amended or repealed.

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Chris Dupin

U.K. legislators reject May’s Brexit agreement

Prime Minister May now has until April 12 to seek a longer extension to the negotiation process to avoid a “no deal” Brexit.

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Chris Dupin

“K” Line raising $406 million

Funds will be used to repay debt and for capital expenditures, mainly on vessels.

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28 March
Chris Dupin

Moderate growth for 2019 container volumes forecast

The surge in imports as shippers “pulled forward” cargo in December is reverberating into this year and has set a high bar that will be hard to match in late […]

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27 March
Chris Dupin

ITF responds to World Shipping Council attacks

The International Transport Forum says its “views are grounded in data, evidence and economic research with the objective to foster efficient transport solutions that serve citizens.”

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26 March
Chris Dupin

Yilport in running to take over Long Beach terminal

The Turkish port operator is one of the finalists trying to become the operator of one of the largest and most automated terminals in the U.S.

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Chris Dupin

Hapag-Lloyd aims to increase profitability, deleverage

The fifth-largest container carrier wants to be “number one for quality” and increase digital initiatives.

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25 March
Chris Dupin

CMA CGM orders 10 15,000-TEU containerships

CEO Rodolphe Saadé said the shipping line is reinforcing its efforts to “develop ever more efficient and environmentally friendly vessels.”

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Chris Dupin

WSC slams consortia report as ‘riddled’ with flaws

Container carrier trade association says an OECD International Transport Forum report should be disregarded by European regulators looking at shipping regulation.

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Chris Dupin

Yang Ming reports $217.5 million loss

Taiwanese carrier says results were “significantly impacted” by fuel prices and that it is “cautiously conservative” on its outlook for 2019.

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22 March
Chris Dupin

Vote delayed on permit for L.A. terminal automation

The harbor commission delays a vote on permitting APM Terminals to automate its Pier 400 container terminal during a hearing that drew more than 2,000 people.

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21 March
Chris Dupin

Hyundai Merchant Marine signs deal to fund scrubbers

The South Korean shipping company will share the cost of installing scrubbers on its ships with the government and suppliers of equipment and fuel.

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Chris Dupin

ZIM reports higher revenues but a loss in 2018

The shipping line carried a record number of containers and has entered into a cooperation agreement with Maersk and MSC on several trades it says will reduce costs.

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20 March
Chris Dupin

Supreme Court declines to hear classification case

The California Trucking Association is continuing to challenge a California Supreme Court decision that it says amounts to an “essential outright ban on independent contracting.”

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Chris Dupin

Debate over European shipping regulations heats up

The ITF and WSC issue reports to support their competing views as European regulators weigh extending antitrust protection for vessel-sharing arrangements.

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19 March
Chris Dupin

Convergence of economic, environmental rules ahead

World Shipping Council CEO John Butler says breakthroughs will be needed to reduce greenhouse gas emissions.

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Chris Dupin

Maersk sells shares in French oil company Total

Maersk, which has been reducing its holdings in Total over the past year, says it sold shares worth about $1 billion.

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Chris Dupin

CEVA recommends holdouts sell shares to CMA CGM

Rodolphe Saadé, CEO of CMA CGM, is expected to be elected as chairman of CEVA during annual meeting in April.

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Chris Dupin

Container carriers parry critics of consortia

A World Shipping Council study outlines benefits of vessel-sharing agreements as European regulators study whether to extend antitrust protections past April 2020.

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18 March
Chris Dupin

Drewry foresees more slow steaming and transshipment

Drewry says container carriers may try to mitigate the rising cost of fuel by slowing ship speeds and relying more on feeder ships.

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15 March
Chris Dupin

Freightos sees ocean freight rates falling

Rates from Asia to the U.S. East Coast have fallen since the fourth quarter of 2018, and there are “several signs of slowing world trade.”

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Chris Dupin

Maersk to charter 13 new feeder ships

The ships will replace older ships and be used in the intra-Asia trade by Sealand, which operates feeder ships for Maersk.

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Chris Dupin

Brexit may be ‘biggest challenge’ in years for U.K. logistics

U.K. Freight Transport Association doubles down on advice to members to plan for a worst-case scenario.

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Chris Dupin

CMA CGM increases CEVA ownership to nearly 89.5 percent

French container carrier increases ownership of Swiss logistics company after monthlong tender offer.

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14 March
Chris Dupin

Harkness Capital invests in Kane Is Able

Pennsylvania-headquartered 3PL has grown operations from Atlanta to Southern California and wants to accelerate growth.

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13 March
Chris Dupin

‘China will remain manufacturing’s center of gravity’

Lower labor costs make other countries alluring, but China’s transport infrastructure and container services make it hard to beat.

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12 March
Chris Dupin

Matson christens new ship at Philly Shipyard

The Kaimana Hila, the sister ship to the Daniel K. Inouye, is expected to enter service in late April.

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Chris Dupin

Shipper group opposes ballpark at Port of Oakland

The Agriculture Transportation Coalition says replacing marine terminal with ballpark would be a step backward and limit potential export growth.

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Chris Dupin

BP will sell new low-sulfur marine fuel

BP Marine says it conducted comprehensive testing of the new fuel that will comply with the IMO regulation that goes into effect next year.

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11 March
Chris Dupin

Fitch Ratings believes port growth will moderate

Container volume growth will not outstrip global GDP to the same degree as in the past because many commodities once shipped in bulk already have shifted to containers.

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Chris Dupin

Alibaba buying $693 million chunk of delivery company

E-commerce giant Alibaba says it will deepen collaboration with the parcel delivery company STO Express

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10 March
Chris Dupin

Blackstone invests in SSA Marine parent Carrix

Stevedoring company says the investment by Blackstone Infrastructure Partners is “growth oriented.”

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08 March
Chris Dupin

Cargotec company Navis acquires Octopi

Purchase will add a cloud-based terminal operating system for small container and mixed cargo terminals.

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Chris Dupin

Concerns aired about long-term effect of tariffs

There are worries that the U.S. may be seen as an unreliable source of commodities such as soybeans.

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07 March
Chris Dupin

“K” Line increases loss estimate for 2018-19 fiscal year

Company plans to improve profits by canceling uneconomical charters and “reducing market-exposed fleets.”

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Chris Dupin

Container shipping has good opportunities, says analyst

Lars Jensen says while individual carriers and freight forwarders may be under threat, the industry is not.

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06 March
Chris Dupin

Maersk and Hapag-Lloyd will reject ‘all-in contracts’

While the companies agree on how to tackle the low-sulfur fuel mandate, they are pursuing very different corporate strategies.

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