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Container Shipping Market Is Unpredictable, But Prices Are Climbing, Xeneta Reports

An in-depth analysis of Q3 container shipping costs revealed positive trends for the container carrier segment, according to Xeneta, a market intelligence company for containerized ocean freight. However, the market remains unpredictable, with the 'Hanjin Effect' ebbing away, Xeneta says.

South Korean Government to Fund Shipbuilding

South Korea's finance minister has announced the government plans to support orders of 250 or more vessels by 2020 to help local shipbuilders. The government plans to establish a state-backed ship financing company with an initial capital of 1 trillion won ($871.73m) to help improve the financial health of Korean shipping companies.

Stifel Logistics Confidence Index Reaches 13 Consecutive Months of Negative Outlook

The Stifel Logistics Confidence Index - which measure logistics industry outlook - remained below the neutral mark in October at 49.4, but once more noted a slight improvement against the previous month, according to global logistics researcher Transport Intelligence. In a sign that the bankruptcy of Hanjin Shipping has had little overall effect upon the container shipping industry, the October Sea Freight Confidence Index remained unchanged from September, at 49.0 points.

UPS 747-8F Order May Resuscitate Boeing's Program

Just when the industry thought the sun might be setting on Boeing's workhorse jet, the aviation giant announced a firm order for fourteen 747-8Fs, plus options for up to 14 more, from express giant UPS. The announcement is being seen as a possible game-changer for the jumbo freighter, which, until last week, had only had enough orders in the pipeline to continue production through 2019, according to estimates.

Jettainer, Lufthansa Developing 'Digital' Containers to Increase Transparency

Logistics company Jettainer and IT specialists at Lufthansa Industry Solutions are working to develop a digital container that can "measure temperature changes, shocks and other external factors independently and provide information about its state," according to the Lufthansa Group. Jettainer is a wholly owned subsidiary of Lufthansa Cargo AG.

Offshore Downturn Is Impacting Sea Time, Mariners Warn

The current downturn in the offshore industry has put offshore supply vessels into layup, operators into receivership and shipbuilders into a tailspin, industry professionals say. It has meant layoffs for thousands of mariners, but it's also having an impact on officers in a different way: a shortage of sea time.

Uber's Self-Driving Truck Makes First Commercial Delivery

The futurists of Silicon Valley may not have seen this one coming: The first commercial delivery made by a self-driving truck was 2,000 cases of Budweiser beer. Last week, Otto, the Uber-owned self-driving vehicle operation, announced the completion of its first commercial delivery, having delivered its beer load from Fort Collins, Colo., to Colorado Springs, a roughly 120-mile trip on Interstate 25.

Evergreen Line Enhances Asia-Australia Network

In hopes of offering shippers a more comprehensive service on Asia-Australia trade, Evergreen Line has announced a new joint North East Asia-Australia Express (NEAX) service. The Taiwanese container transportation and shipping company is teaming up with Orient Overseas Container Line, Mitsui O.S.K. Lines, "K" Line and YangMing Marine Transport Corp.

Hanjin to Halt E.U. Routes, Operations This Month

Hanjin Shipping's European routes services have completely halted, the company said last week, and a Seoul court overseeing its receivership process has approved winding down four of its European units.

Walmart and JD.com Are Launching Three E-commerce Initiatives in China

Three months after entering into a partnership to expand online shopping options for Chinese consumers, Walmart and JD.com have announced three new ways for customers to access Walmart products from around the world. The efforts, which are part of the original strategy announced in June, are officially launching during the run up to Singles Day on November 11. They aim to improve logistics and supply chain functions, cross-border e-commerce and online-to-offline e-commerce services for consumers across the country, the companies say.

Total Truck Volumes Will Grow Despite Pipelines Gaining Market Share, Trucking Group Says

Growth in both overall freight volumes and in the amount of goods moved by truck is expected to continue far into the future, according to the American Trucking Associations. Between 2016 and 2027, overall freight tonnage will grow a total of 35 percent, according to the group. Over that same timeframe, the amount of freight moved by trucks will grow slightly less at 27 percent.

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Amazon Limiting Fulfillment Networks to Existing Merchants Ahead of Holiday Season

In an attempt to deal with potential network capacity issues this holiday season, Amazon is limiting the use of Fulfillment by Amazon (FBA) warehouses and services to existing sellers between now and Dec. 19, the company confirmed. This means new sellers would have difficulty using FBA to fulfill last-minute Christmas orders.

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