NVOs will enter 2025 hoping that their experience this year with carriers taking a get-tough approach to their business dealings was merely cyclical, a product of an unusual market following the Red Sea diversions and an early peak season.

Wed, 20 Nov 2024 14:40:14 GMT

MPV operators are hopeful the incoming Trump administration will build on Biden’s support for nuclear power generation, which would boost cargo volumes.

Wed, 20 Nov 2024 12:00:00 GMT

The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.

Tue, 19 Nov 2024 16:30:15 GMT

The urgent creation of new e-fuel markets for the most scalable net-zero solutions is essential if global cargo owners are to achieve their 2030 and 2040 climate goals, according to ZEMBA.

Tue, 19 Nov 2024 15:51:13 GMT

A lack of action at the government level is now the number one bottleneck facing green corridor projects, according to a new report.

Tue, 19 Nov 2024 00:00:00 GMT

The Ships for America Act and national security spotlight seen as growth opportunities for US-flag commercial fleet.

Mon, 18 Nov 2024 21:58:14 GMT

Forwarders and industry analysts forecast strong import volumes through the early Lunar New Year that begins Jan. 29 as importers of time-sensitive merchandise and manufacturing components route shipments through the country’s busiest gateway.

Mon, 18 Nov 2024 21:55:14 GMT

The move comes as the DP World-operated hub is making large investments in berths and supporting infrastructure with a plan to grow its throughput and attract volumes from other UK ports, including top rival Felixstowe.

Mon, 18 Nov 2024 18:07:13 GMT

Mounting congestion brought on by peak season volumes and port construction is making it difficult for exporters in Brazil to secure empty boxes.

Fri, 15 Nov 2024 18:02:51 GMT

The order for the 14,000-TEU ships continues the tussle between methanol and liquefied natural gas (LNG) as the preferred fuel for the next generation of container ships.

Fri, 15 Nov 2024 17:49:14 GMT

The carrier, which reported $1 billion in net profit for the third quarter, says the potential boost in volumes could come as US importers seek to beat the possible implementation of new tariffs on Chinese goods by the incoming Trump administration.

Thu, 14 Nov 2024 19:31:14 GMT

The deal for privately-owned IMC Logistics gives NVO Kuehne+Nagel a significant advantage in selling door-to-door products to cargo owners.

Thu, 14 Nov 2024 15:42:14 GMT

While the presidential campaign is no longer a factor, the new Trump administration will likely be similarly disinterested in a strike of any significant length and, it can be assumed, will get directly involved in talks.

Thu, 14 Nov 2024 15:09:14 GMT

Dockworkers in British Columbia, as well as Montreal, say Labor Minister Steve MacKinnon’s order to accept binding arbitration goes against their rights under Canada’s constitution.

Wed, 13 Nov 2024 22:39:14 GMT

Developing an over-the-road network to handle containers carried on ships too large to traverse the waterway could increase the canal’s annual throughput by over 60%, officials say, although funding concerns exist.

Wed, 13 Nov 2024 22:01:15 GMT

The strong quarterly results mirror those of other carriers, including CMA CGM, Yang Ming Marine and Wan Hai Lines, which have also recently reported stellar third-quarter financials.

Wed, 13 Nov 2024 19:59:15 GMT

The union representing about 45,000 dockworkers at East and Gulf coast ports says employers want to eliminate jobs by implementing semi-automated technology at marine terminals.

Wed, 13 Nov 2024 19:06:14 GMT

The Democrat, appointed under the previous Trump administration, had taken a particular interest in port and terminal operations while at the US maritime regulator.

Tue, 12 Nov 2024 22:28:14 GMT

Canada’s Labor Minister requires management and unions to submit to binding arbitration and orders that ports reopen after a series of strikes and lockouts effectively halted container operations across the country.

Tue, 12 Nov 2024 19:43:14 GMT

Both carriers generated more in net income between July and September than the first two quarters combined, filings to the Taiwan stock exchange showed.

Tue, 12 Nov 2024 18:37:15 GMT

While there was no official word as to what caused the flip-flop on the part of the carrier, sources believe the security situation in the Red Sea remains too volatile for carriers to consider returning to the Suez route.

Tue, 12 Nov 2024 14:00:14 GMT

Minimal movements in industry indexes underline a constant demand for MPVs with capacity artificially reduced by Red Sea diversions.

Fri, 08 Nov 2024 21:16:15 GMT

CMA CGM’s group net profit rocketed to $2.7 billion in the third quarter, thanks to stronger pricing power and earlier peak seasons for North American and European importers.

Fri, 08 Nov 2024 21:10:14 GMT

A second Trump term could benefit US oil projects, but offshore wind is under threat as an early casualty of the new administration.

Fri, 08 Nov 2024 21:06:14 GMT

US retailers plan to significantly increase imports in November and December compared with projections from just one month ago following Donald Trump’s election to a second term.

Fri, 08 Nov 2024 20:56:14 GMT

Coast-to-coast work stoppages at Canadian ports have ground container operations to a halt, with port employers saying their best offers for new dockworker contracts are on the table.

Fri, 08 Nov 2024 20:09:14 GMT

Among the major container lines, CMA CGM has taken the lead in reinstating shorter Suez Canal routings, offering India exporters to North America shorter transits than the majority of other services sailing around southern Africa.

Fri, 08 Nov 2024 17:02:14 GMT

The bullish fundamentals are expected to keep US imports healthy as the year ends and put a floor under rates, according to participants at this year’s CONECT conference.

Thu, 07 Nov 2024 20:35:14 GMT

Sources also noted that some recent sailings on the trade lane have had difficulty filling space at Nhava Sheva and Mundra in line with declared allocation plans.

Thu, 07 Nov 2024 15:40:16 GMT

There are no signs of any rush to frontload ahead of potential tariff increases on European imports by the new US administration or to get cargo moving before a possible second strike by the ILA.

Thu, 07 Nov 2024 15:00:14 GMT

The disruptions coming out of disagreements during port work contract negotiations in North America have intensified, as seen currently in Western Canada and Montreal, and possibly again on the US East and Gulf coasts come mid-January.

Thu, 07 Nov 2024 13:35:15 GMT

The carrier has been restrained with its order book up to now, but the order for 312,000 TEUs of capacity comes as pressure to meet 2030 interim decarbonization targets intensifies.

Wed, 06 Nov 2024 17:18:14 GMT

Volume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.

Wed, 06 Nov 2024 16:56:14 GMT

Advisors to beneficial cargo owners say mitigating future supply chain disruptions requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment.

Wed, 06 Nov 2024 15:19:14 GMT

The work stoppage along Canada’s West Coast has also shut down rail operations, with CN suspending westbound rail service to British Columbia ports and CPKC halting acceptance of export and empty containers for the province.

Tue, 05 Nov 2024 21:52:14 GMT

The major Chinese ports of Shanghai and Ningbo are currently experiencing delays of two to three days due to the lingering impacts of the storm that hit the region late last week.

Tue, 05 Nov 2024 20:52:13 GMT

CMA CGM and Maersk are reshuffling their Mexico-Central America services beginning this month in response to chronic port congestion and berthing delays at key ports in the region.

Tue, 05 Nov 2024 16:09:18 GMT

A slower-than-expected transition to renewable energy sources is augmenting — rather than replacing — investment in traditional oil and gas, boosting project cargo demand.

Tue, 05 Nov 2024 14:42:18 GMT

Maritime employers say they will commence a lockout of the longshore foremen after their union began a threatened strike Monday morning, a move that will force marine terminals in the province to close.

Mon, 04 Nov 2024 21:36:14 GMT

Weak economic trends have kept the pressure on industrial end-markets serviced by Linde and Air Liquide, which provide key cargo for the breakbulk and project cargo segments.

Mon, 04 Nov 2024 17:38:16 GMT

NVOs will enter 2025 hoping that their experience this year with carriers taking a get-tough approach to their business dealings was merely cyclical, a product of an unusual market following the Red Sea diversions and an early peak season.

Wed, 20 Nov 2024 14:40:14 GMT

The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.

Tue, 19 Nov 2024 16:30:15 GMT

The urgent creation of new e-fuel markets for the most scalable net-zero solutions is essential if global cargo owners are to achieve their 2030 and 2040 climate goals, according to ZEMBA.

Tue, 19 Nov 2024 15:51:13 GMT

A lack of action at the government level is now the number one bottleneck facing green corridor projects, according to a new report.

Tue, 19 Nov 2024 00:00:00 GMT

Forwarders and industry analysts forecast strong import volumes through the early Lunar New Year that begins Jan. 29 as importers of time-sensitive merchandise and manufacturing components route shipments through the country’s busiest gateway.

Mon, 18 Nov 2024 21:55:14 GMT

The move comes as the DP World-operated hub is making large investments in berths and supporting infrastructure with a plan to grow its throughput and attract volumes from other UK ports, including top rival Felixstowe.

Mon, 18 Nov 2024 18:07:13 GMT

Mounting congestion brought on by peak season volumes and port construction is making it difficult for exporters in Brazil to secure empty boxes.

Fri, 15 Nov 2024 18:02:51 GMT

The order for the 14,000-TEU ships continues the tussle between methanol and liquefied natural gas (LNG) as the preferred fuel for the next generation of container ships.

Fri, 15 Nov 2024 17:49:14 GMT

The carrier, which reported $1 billion in net profit for the third quarter, says the potential boost in volumes could come as US importers seek to beat the possible implementation of new tariffs on Chinese goods by the incoming Trump administration.

Thu, 14 Nov 2024 19:31:14 GMT

While the presidential campaign is no longer a factor, the new Trump administration will likely be similarly disinterested in a strike of any significant length and, it can be assumed, will get directly involved in talks.

Thu, 14 Nov 2024 15:09:14 GMT

Dockworkers in British Columbia, as well as Montreal, say Labor Minister Steve MacKinnon’s order to accept binding arbitration goes against their rights under Canada’s constitution.

Wed, 13 Nov 2024 22:39:14 GMT

Developing an over-the-road network to handle containers carried on ships too large to traverse the waterway could increase the canal’s annual throughput by over 60%, officials say, although funding concerns exist.

Wed, 13 Nov 2024 22:01:15 GMT

The strong quarterly results mirror those of other carriers, including CMA CGM, Yang Ming Marine and Wan Hai Lines, which have also recently reported stellar third-quarter financials.

Wed, 13 Nov 2024 19:59:15 GMT

The union representing about 45,000 dockworkers at East and Gulf coast ports says employers want to eliminate jobs by implementing semi-automated technology at marine terminals.

Wed, 13 Nov 2024 19:06:14 GMT

Canada’s Labor Minister requires management and unions to submit to binding arbitration and orders that ports reopen after a series of strikes and lockouts effectively halted container operations across the country.

Tue, 12 Nov 2024 19:43:14 GMT

Both carriers generated more in net income between July and September than the first two quarters combined, filings to the Taiwan stock exchange showed.

Tue, 12 Nov 2024 18:37:15 GMT

While there was no official word as to what caused the flip-flop on the part of the carrier, sources believe the security situation in the Red Sea remains too volatile for carriers to consider returning to the Suez route.

Tue, 12 Nov 2024 14:00:14 GMT

CMA CGM’s group net profit rocketed to $2.7 billion in the third quarter, thanks to stronger pricing power and earlier peak seasons for North American and European importers.

Fri, 08 Nov 2024 21:10:14 GMT

US retailers plan to significantly increase imports in November and December compared with projections from just one month ago following Donald Trump’s election to a second term.

Fri, 08 Nov 2024 20:56:14 GMT

Coast-to-coast work stoppages at Canadian ports have ground container operations to a halt, with port employers saying their best offers for new dockworker contracts are on the table.

Fri, 08 Nov 2024 20:09:14 GMT

Among the major container lines, CMA CGM has taken the lead in reinstating shorter Suez Canal routings, offering India exporters to North America shorter transits than the majority of other services sailing around southern Africa.

Fri, 08 Nov 2024 17:02:14 GMT

The bullish fundamentals are expected to keep US imports healthy as the year ends and put a floor under rates, according to participants at this year’s CONECT conference.

Thu, 07 Nov 2024 20:35:14 GMT

Sources also noted that some recent sailings on the trade lane have had difficulty filling space at Nhava Sheva and Mundra in line with declared allocation plans.

Thu, 07 Nov 2024 15:40:16 GMT

There are no signs of any rush to frontload ahead of potential tariff increases on European imports by the new US administration or to get cargo moving before a possible second strike by the ILA.

Thu, 07 Nov 2024 15:00:14 GMT

The disruptions coming out of disagreements during port work contract negotiations in North America have intensified, as seen currently in Western Canada and Montreal, and possibly again on the US East and Gulf coasts come mid-January.

Thu, 07 Nov 2024 13:35:15 GMT

The carrier has been restrained with its order book up to now, but the order for 312,000 TEUs of capacity comes as pressure to meet 2030 interim decarbonization targets intensifies.

Wed, 06 Nov 2024 17:18:14 GMT

Volume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.

Wed, 06 Nov 2024 16:56:14 GMT

Advisors to beneficial cargo owners say mitigating future supply chain disruptions requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment.

Wed, 06 Nov 2024 15:19:14 GMT

The work stoppage along Canada’s West Coast has also shut down rail operations, with CN suspending westbound rail service to British Columbia ports and CPKC halting acceptance of export and empty containers for the province.

Tue, 05 Nov 2024 21:52:14 GMT

The major Chinese ports of Shanghai and Ningbo are currently experiencing delays of two to three days due to the lingering impacts of the storm that hit the region late last week.

Tue, 05 Nov 2024 20:52:13 GMT

CMA CGM and Maersk are reshuffling their Mexico-Central America services beginning this month in response to chronic port congestion and berthing delays at key ports in the region.

Tue, 05 Nov 2024 16:09:18 GMT

Maritime employers say they will commence a lockout of the longshore foremen after their union began a threatened strike Monday morning, a move that will force marine terminals in the province to close.

Mon, 04 Nov 2024 21:36:14 GMT

A series of factors are bending the capacity curve back in favor of carriers and could lead to an improved supply-demand balance next year despite a large capacity overhang, believes the Maersk CEO.

Mon, 04 Nov 2024 17:06:16 GMT

Shippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.

Mon, 04 Nov 2024 13:49:13 GMT

Vancouver, Canada’s busiest container port, faces the possibility of a shutdown unless maritime employers and longshore foremen reach a new contract before a Monday deadline.

Fri, 01 Nov 2024 17:34:14 GMT

If the question is solely on the risk related to being delayed in each port, the Gemini network ought to, statistically, have a slightly higher core reliability than Mediterranean Shipping Co. when the need for shuttles is taken into account, writes analyst Lars Jensen.

Fri, 01 Nov 2024 15:42:14 GMT

The new network will have a grace period for about three months as the first full port rotations are completed but must then quickly prove it can raise on-time performance to the promised levels, says Maersk’s CEO.

Fri, 01 Nov 2024 13:39:16 GMT

The Viau and Maisonneuve marine terminals closed to ship, rail and truck traffic Thursday morning as members of the Canadian Union of Public Employees Local 375, which represents 1,200 dockworkers at Montreal, walked off the job.

Thu, 31 Oct 2024 20:36:14 GMT

While conventional retailers were decreasing their orders, the growth of e-commence shipments from Asia was more consistent as elevated air cargo rates pushed more shippers to move goods via ocean transport, the carrier’s CEO said.

Thu, 31 Oct 2024 19:27:17 GMT

The revised forecast, which covers the carrier’s financial year to March 31, 2025, is 13% higher than the $2.7 billion estimate it gave on July 31.

Thu, 31 Oct 2024 17:14:20 GMT

NVOs will enter 2025 hoping that their experience this year with carriers taking a get-tough approach to their business dealings was merely cyclical, a product of an unusual market following the Red Sea diversions and an early peak season.

Wed, 20 Nov 2024 14:40:14 GMT

The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.

Tue, 19 Nov 2024 16:30:15 GMT

The urgent creation of new e-fuel markets for the most scalable net-zero solutions is essential if global cargo owners are to achieve their 2030 and 2040 climate goals, according to ZEMBA.

Tue, 19 Nov 2024 15:51:13 GMT

A lack of action at the government level is now the number one bottleneck facing green corridor projects, according to a new report.

Tue, 19 Nov 2024 00:00:00 GMT

The move comes as the DP World-operated hub is making large investments in berths and supporting infrastructure with a plan to grow its throughput and attract volumes from other UK ports, including top rival Felixstowe.

Mon, 18 Nov 2024 18:07:13 GMT

The order for the 14,000-TEU ships continues the tussle between methanol and liquefied natural gas (LNG) as the preferred fuel for the next generation of container ships.

Fri, 15 Nov 2024 17:49:14 GMT

The carrier, which reported $1 billion in net profit for the third quarter, says the potential boost in volumes could come as US importers seek to beat the possible implementation of new tariffs on Chinese goods by the incoming Trump administration.

Thu, 14 Nov 2024 19:31:14 GMT

While the presidential campaign is no longer a factor, the new Trump administration will likely be similarly disinterested in a strike of any significant length and, it can be assumed, will get directly involved in talks.

Thu, 14 Nov 2024 15:09:14 GMT

The strong quarterly results mirror those of other carriers, including CMA CGM, Yang Ming Marine and Wan Hai Lines, which have also recently reported stellar third-quarter financials.

Wed, 13 Nov 2024 19:59:15 GMT

Both carriers generated more in net income between July and September than the first two quarters combined, filings to the Taiwan stock exchange showed.

Tue, 12 Nov 2024 18:37:15 GMT

While there was no official word as to what caused the flip-flop on the part of the carrier, sources believe the security situation in the Red Sea remains too volatile for carriers to consider returning to the Suez route.

Tue, 12 Nov 2024 14:00:14 GMT

CMA CGM’s group net profit rocketed to $2.7 billion in the third quarter, thanks to stronger pricing power and earlier peak seasons for North American and European importers.

Fri, 08 Nov 2024 21:10:14 GMT

US retailers plan to significantly increase imports in November and December compared with projections from just one month ago following Donald Trump’s election to a second term.

Fri, 08 Nov 2024 20:56:14 GMT

Among the major container lines, CMA CGM has taken the lead in reinstating shorter Suez Canal routings, offering India exporters to North America shorter transits than the majority of other services sailing around southern Africa.

Fri, 08 Nov 2024 17:02:14 GMT

The bullish fundamentals are expected to keep US imports healthy as the year ends and put a floor under rates, according to participants at this year’s CONECT conference.

Thu, 07 Nov 2024 20:35:14 GMT

Sources also noted that some recent sailings on the trade lane have had difficulty filling space at Nhava Sheva and Mundra in line with declared allocation plans.

Thu, 07 Nov 2024 15:40:16 GMT

There are no signs of any rush to frontload ahead of potential tariff increases on European imports by the new US administration or to get cargo moving before a possible second strike by the ILA.

Thu, 07 Nov 2024 15:00:14 GMT

The carrier has been restrained with its order book up to now, but the order for 312,000 TEUs of capacity comes as pressure to meet 2030 interim decarbonization targets intensifies.

Wed, 06 Nov 2024 17:18:14 GMT

Advisors to beneficial cargo owners say mitigating future supply chain disruptions requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment.

Wed, 06 Nov 2024 15:19:14 GMT

The major Chinese ports of Shanghai and Ningbo are currently experiencing delays of two to three days due to the lingering impacts of the storm that hit the region late last week.

Tue, 05 Nov 2024 20:52:13 GMT

CMA CGM and Maersk are reshuffling their Mexico-Central America services beginning this month in response to chronic port congestion and berthing delays at key ports in the region.

Tue, 05 Nov 2024 16:09:18 GMT

A series of factors are bending the capacity curve back in favor of carriers and could lead to an improved supply-demand balance next year despite a large capacity overhang, believes the Maersk CEO.

Mon, 04 Nov 2024 17:06:16 GMT

Shippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.

Mon, 04 Nov 2024 13:49:13 GMT

If the question is solely on the risk related to being delayed in each port, the Gemini network ought to, statistically, have a slightly higher core reliability than Mediterranean Shipping Co. when the need for shuttles is taken into account, writes analyst Lars Jensen.

Fri, 01 Nov 2024 15:42:14 GMT

The new network will have a grace period for about three months as the first full port rotations are completed but must then quickly prove it can raise on-time performance to the promised levels, says Maersk’s CEO.

Fri, 01 Nov 2024 13:39:16 GMT

While conventional retailers were decreasing their orders, the growth of e-commence shipments from Asia was more consistent as elevated air cargo rates pushed more shippers to move goods via ocean transport, the carrier’s CEO said.

Thu, 31 Oct 2024 19:27:17 GMT

The revised forecast, which covers the carrier’s financial year to March 31, 2025, is 13% higher than the $2.7 billion estimate it gave on July 31.

Thu, 31 Oct 2024 17:14:20 GMT

Fewer port calls in the Gemini network will allow the carrier to move greater volumes with the same number of ships, Vincent Clerc said while reporting a highly profitable third quarter.

Thu, 31 Oct 2024 16:39:04 GMT

Import demand from Asia, which typically tapers ahead of Black Friday sales, is holding steady, fueled by resilient retail sales, tariff concerns and the mid-January expiration of the tentative ILA labor agreement.

Wed, 30 Oct 2024 19:00:18 GMT

With this latest deal, the combined methanol offtake agreements Maersk now has in place will meet half the demand from its fast-growing dual-fuel fleet in 2027.

Wed, 30 Oct 2024 14:45:20 GMT

The port will see almost half of its container capacity go offline beginning Thursday as the local longshore union declares an unlimited strike against two of Montreal’s largest marine terminals.

Tue, 29 Oct 2024 20:11:13 GMT

By reworking two trans-Atlantic connections, Zim will offer new port coverage in Italy and Turkey while also offering more ways to connect with South America.

Mon, 28 Oct 2024 19:23:27 GMT

Forwarders say intra-Asia pricing is strengthening amid congestion-based blank sailings and strong demand, and carriers are marshalling another round of peak season rate increases.

Mon, 28 Oct 2024 18:11:15 GMT

Shippers and forwarders are reporting slowdowns at several inland gateways that are linked to seasonality, equipment placement, labor disruption and carrier behavior.

Fri, 25 Oct 2024 19:43:25 GMT

The agency said it has secured more refunds and waivers for shippers in disputes with ocean carriers over detention and demurrage charges, with more investigations pending.

Fri, 25 Oct 2024 12:00:00 GMT

The first signs of solid third-quarter performances are being reported by ocean carriers, and with greater visibility over the rest of the year, they are ramping up their profitability expectations.

Thu, 24 Oct 2024 14:59:20 GMT

Carriers are making up for lost time and accept, as the reality of doing business in this market, that actions that benefit them often work to the disadvantage of their customers, writes Peter Tirschwell.

Wed, 23 Oct 2024 16:13:16 GMT

It marks the second time since August the carrier has increased its 2024 earnings guidance, an indication Maersk expects robust demand and rising rates to deliver a strong finish to the year.

Tue, 22 Oct 2024 15:13:14 GMT

The aim of the partnership with Suez is to establish a long-term industrial collaboration on biomethane, with the fuel generated supplying the carrier’s alternative fuel fleet.

Tue, 22 Oct 2024 14:32:14 GMT

The country could be on the verge of undoing legislation that abolished cabotage restrictions, saying the boost received by foreign-flag carriers has come at the expense of local shipping interests.

Fri, 18 Oct 2024 16:00:23 GMT

The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.

Tue, 19 Nov 2024 16:30:15 GMT

There are no signs of any rush to frontload ahead of potential tariff increases on European imports by the new US administration or to get cargo moving before a possible second strike by the ILA.

Thu, 07 Nov 2024 15:00:14 GMT

The carrier has been restrained with its order book up to now, but the order for 312,000 TEUs of capacity comes as pressure to meet 2030 interim decarbonization targets intensifies.

Wed, 06 Nov 2024 17:18:14 GMT

A series of factors are bending the capacity curve back in favor of carriers and could lead to an improved supply-demand balance next year despite a large capacity overhang, believes the Maersk CEO.

Mon, 04 Nov 2024 17:06:16 GMT

The new network will have a grace period for about three months as the first full port rotations are completed but must then quickly prove it can raise on-time performance to the promised levels, says Maersk’s CEO.

Fri, 01 Nov 2024 13:39:16 GMT

Fewer port calls in the Gemini network will allow the carrier to move greater volumes with the same number of ships, Vincent Clerc said while reporting a highly profitable third quarter.

Thu, 31 Oct 2024 16:39:04 GMT

With this latest deal, the combined methanol offtake agreements Maersk now has in place will meet half the demand from its fast-growing dual-fuel fleet in 2027.

Wed, 30 Oct 2024 14:45:20 GMT

By reworking two trans-Atlantic connections, Zim will offer new port coverage in Italy and Turkey while also offering more ways to connect with South America.

Mon, 28 Oct 2024 19:23:27 GMT

The first signs of solid third-quarter performances are being reported by ocean carriers, and with greater visibility over the rest of the year, they are ramping up their profitability expectations.

Thu, 24 Oct 2024 14:59:20 GMT

It marks the second time since August the carrier has increased its 2024 earnings guidance, an indication Maersk expects robust demand and rising rates to deliver a strong finish to the year.

Tue, 22 Oct 2024 15:13:14 GMT

The group, comprising ONE, HMM and Yang Ming, said the changes apply to two trans-Pacific services and an Asia-Mediterranean service.

Thu, 17 Oct 2024 17:43:14 GMT

Shippers on the trans-Atlantic will find space in short supply by the end of October with bottlenecks on both ends of the trade lane reducing capacity.

Mon, 07 Oct 2024 15:17:18 GMT

The strike will affect about 40% of Montreal’s container capacity and comes as port employers remain in protracted talks with the longshore union over a new contract.

Fri, 27 Sep 2024 19:35:15 GMT

Spot rates from Asia to the US East Coast are dropping faster than in past years as carriers route discretionary shipments to the West Coast to avoid getting caught up in a threatened dockworker strike on the East and Gulf coasts.

Mon, 09 Sep 2024 21:00:14 GMT

Mediterranean Shipping Co. is wasting no time utilizing its huge scale, striking major slot sharing agreements on the Asia-Europe with new Premiere alliance members.

Mon, 09 Sep 2024 18:27:14 GMT

After five rounds of negotiations and a series of 24-hour warning strikes at Germany’s ports, the union and port employers may finally be close to an agreement.

Fri, 06 Sep 2024 15:28:16 GMT

With just three weeks to go until the union’s master contract with port employers expires, US importers are scrambling for options but are finding there are no ideal alternatives.

Fri, 06 Sep 2024 13:56:17 GMT

A new warehouse due to open early next year in Portland for frozen and ambient-temperature cargoes could cut transportation costs for shippers now using out-of-state storage and ports.

Fri, 30 Aug 2024 19:53:14 GMT

The first signs of US importers beginning to advance shipments from Europe to get ahead of possible terminal closures along the US East and Gulf coasts at the end of September are being reported by carriers and forwarders.

Tue, 20 Aug 2024 14:39:11 GMT

HHLA’s container volume and financial performance in the first six months has been a marked improvement on a disappointing 2023.

Wed, 14 Aug 2024 15:17:12 GMT

The carrier believes the ongoing disruption in the Red Sea is now “entrenched” and will not change for the rest of the year.

Wed, 07 Aug 2024 16:09:52 GMT

The attempts to raise prices on the westbound trade lane come as the shadow of potential labor disruption looms at ports along the US East and Gulf coasts.

Mon, 05 Aug 2024 15:49:38 GMT

There is growing pushback against the pending regulation that some sectors believe poses an impossible challenge in tracing and verifying the origins of certain products that could lead to their exclusion from the EU market.

Thu, 18 Jul 2024 14:03:42 GMT

The Cosco subsidiary benefited from a sharp increase in rates as early peak season demand on the main trades out of Asia filled all available vessel capacity.

Mon, 15 Jul 2024 14:57:18 GMT

How do you build a robust, resilient system in the face of operational and geopolitical disruptions that throw conventional container shipping networks into disarray?

Thu, 20 Jun 2024 17:35:58 GMT

Measures to mitigate the impact of a potential labor disruption at US East and Gulf coast ports could cause the trans-Atlantic market to follow the same path as the heavily disrupted trades out of Asia.

Thu, 13 Jun 2024 20:44:04 GMT

The customs pre-arrival security and safety program is being implemented in three steps, starting with ocean and inland waterway carriers in June.

Thu, 16 May 2024 14:47:12 GMT

The strains to the extended container shipping system amid the ongoing Red Sea disruption are showing again, largely due to higher-than-expected demand in Europe and the US for Asia imports.

Wed, 08 May 2024 15:59:27 GMT

The carrier has pledged to remain loyal to its core container shipping segment but at the same time is rapidly expanding its terminal business and increasing its share of inland transport capacity.

Tue, 16 Apr 2024 14:53:51 GMT

Firm growth in imports from Europe in the first quarter has lifted rates to more sustainable levels for carriers as the trans-Atlantic trade lane appears to have finally turned the page on a dismal 2023.

Fri, 12 Apr 2024 15:20:20 GMT

The import strength goes beyond restocking, showing the impact of a recovery in housing and the US manufacturing resurgence, writes Peter Tirschwell.

Thu, 11 Apr 2024 12:26:27 GMT

Ocean carriers have signaled their belief that US consumer buying will remain strong into the second half of the year by announcing the launch or restart of 11 services involving the trans-Pacific and north-south trades.

Tue, 09 Apr 2024 20:47:09 GMT

Carriers have been unable to shake a perception among shippers that surcharges were being set above cost-recovery levels, with a report this week directly accusing carriers of “profiteering” from the ETS.

Thu, 28 Mar 2024 11:00:00 GMT

With the fifth-largest container port on the US East Coast now effectively isolated from waterborne traffic, the collapse of the Francis Scott Key Bridge after it was struck by a container ship will, at least temporarily, reconfigure the region’s supply chain.

Tue, 26 Mar 2024 21:45:00 GMT

Hapag-Lloyd's CEO insists the total cost of the network will be lower because Gemini will be able to better utilize controlled assets and deliver more efficient cargo connections in the hub and spoke model.

Thu, 14 Mar 2024 14:48:23 GMT

Even as the industry seemingly adjusts to the new status quo of routing ships around southern Africa, there are significant — yet less apparent — changes afoot in container shipping, writes Journal of Commerce Executive Editor Mark Szakonyi.

Fri, 01 Mar 2024 14:00:00 GMT

A drop in schedule reliability was expected on trade lanes such as Asia-Europe and Asia-US East Coast, but the diversions around southern Africa have also affected routes not directly connected to the Red Sea.

Wed, 28 Feb 2024 15:35:57 GMT

The Port of Jacksonville said the first ship on the newly combined trans-Atlantic and north-south service from Mediterranean Shipping Co. called the port this month.

Tue, 27 Feb 2024 18:51:39 GMT

The move has already prompted Busan, one of the ports most affected by the downgrade, to urge Maersk and Hapag-Lloyd to rethink their Gemini vessel schedules and restore some calls at the South Korean gateway.

Fri, 23 Feb 2024 19:00:21 GMT

Container shipping networks from Asia to North Europe and the Mediterranean are being reshaped as carriers redeploy capacity to compensate for the additional transit time needed to sail around southern Africa.

Wed, 14 Feb 2024 15:38:19 GMT

NVOs will enter 2025 hoping that their experience this year with carriers taking a get-tough approach to their business dealings was merely cyclical, a product of an unusual market following the Red Sea diversions and an early peak season.

Wed, 20 Nov 2024 14:40:14 GMT

The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.

Tue, 19 Nov 2024 16:30:15 GMT

Volume and rates on the Asian export corridors to the US and Europe have been high all year and online shopping promotions in November are further stoking the market.

Wed, 06 Nov 2024 16:56:14 GMT

Advisors to beneficial cargo owners say mitigating future supply chain disruptions requires BCOs to proactively engage with ocean carriers and forwarders, seeking to build partnerships even if past experience suggests they end in disappointment.

Wed, 06 Nov 2024 15:19:14 GMT

Shippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.

Mon, 04 Nov 2024 13:49:13 GMT

Import demand from Asia, which typically tapers ahead of Black Friday sales, is holding steady, fueled by resilient retail sales, tariff concerns and the mid-January expiration of the tentative ILA labor agreement.

Wed, 30 Oct 2024 19:00:18 GMT

Jens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity’s reach.

Fri, 25 Oct 2024 14:19:20 GMT

Rising competition and tough negotiations with customers are believed to be behind the narrowing profit margins that were plainly displayed in the financial results of the two forwarders.

Wed, 23 Oct 2024 16:59:13 GMT

Deutsche Bahn’s supervisory board approved DSV’s $16 billion acquisition of rival forwarder DB Schenker despite opposition from union members on the board.

Wed, 02 Oct 2024 16:56:14 GMT

The integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year.

Tue, 24 Sep 2024 12:42:14 GMT

While there are still regulatory hurdles to clear, a spokesperson for DSV told the Journal of Commerce the combined company “will continue under the DSV brand” going forward.

Thu, 19 Sep 2024 17:54:14 GMT

The forwarder did not provide financial details, but CEO James Gagne told the Journal of Commerce the transaction puts SEKO on solid financial footing.

Thu, 19 Sep 2024 16:04:16 GMT

DSV knocked the unions’ preferred bidder, private equity firm CVC Capital Partners, out of the race, but the forwarder’s bid now needs approval from the German parliament.

Fri, 13 Sep 2024 16:24:14 GMT

With just three weeks to go until the union’s master contract with port employers expires, US importers are scrambling for options but are finding there are no ideal alternatives.

Fri, 06 Sep 2024 13:56:17 GMT

Forwarders booking less-than-containerload business from shippers face documentation and pricing challenges that cut into their ability to carve out margin.

Tue, 03 Sep 2024 19:01:14 GMT

While rates remain more than four times higher than this point last year, forwarders and carriers report an easing of demand ahead of the traditional end to the peak shipping period.

Tue, 03 Sep 2024 15:21:16 GMT

Cargo Services will expand the global port operator’s reach in Asia across a range of industry verticals.

Tue, 03 Sep 2024 14:44:19 GMT

Competition to fill ships in the eastbound trans-Pacific has become so intense in recent weeks that ocean carriers are offering a variety of special rates that are much lower than the spot rates they are quoting.

Mon, 26 Aug 2024 16:46:51 GMT

The first signs of US importers beginning to advance shipments from Europe to get ahead of possible terminal closures along the US East and Gulf coasts at the end of September are being reported by carriers and forwarders.

Tue, 20 Aug 2024 14:39:11 GMT

The closure of one of China’s busiest container ports will add to the lengthening vessel delays being seen on the main Asian export trade lanes, while North Europe grapples with its own congestion woes on the other end.

Fri, 09 Aug 2024 15:47:47 GMT

Despite the nearly $140 billion invested in logistics startups globally from 2012 through 2023, most of the industry’s major inefficiencies remain and the underlying structure of the industry has hardly changed.

Fri, 09 Aug 2024 14:00:00 GMT

The retail giant will enable sellers using its US fulfillment services to access its negotiated ocean rates for full containers from Yantian, Shanghai and Ningbo.

Fri, 09 Aug 2024 13:11:50 GMT

Not even the widespread disruption to global aviation from the Microsoft IT outage in mid-July could derail resurgent air freight markets.

Thu, 01 Aug 2024 14:45:28 GMT

Small and midsize forwarders that have watched the ocean shipping market play out this year are left to face the reality of a much-consolidated carrier base that has no qualms about driving up rates hard and fast when openings present themselves, writes Peter Tirschwell.

Wed, 31 Jul 2024 13:33:30 GMT

The $200 million funding round cuts against the broader trend of venture capital investors pulling back from early- and growth-stage supply chain and logistics startups.

Tue, 30 Jul 2024 15:02:07 GMT

The operating profit earned by the Deutsche Bahn subsidiary in the first six months of the year fell slightly but was more than double what it earned in the same period in pre-pandemic 2019.

Thu, 25 Jul 2024 17:14:28 GMT

More than 70% of air cargo space controlled by Kuehne + Nagel subsidiary Apex has been presold for the third and fourth quarters.

Thu, 25 Jul 2024 17:00:13 GMT

Jens Lund believes the supply and demand balance on the major trade lanes is being restored as front-loaded shipments make their way through the supply chain.

Wed, 24 Jul 2024 14:42:45 GMT

Kuehne + Nagel’s Stefan Paul presented a sunny outlook for the rest of the year, saying he expects strengthening air and ocean yields to turn around declines reported across most of the forwarder’s financial metrics in the first half.

Tue, 23 Jul 2024 16:23:33 GMT

The overall market share of the top 25 non-vessel-operating common carriers in the eastbound trans-Pacific rose 0.8% year over year from January through May, signaling that the largest NVOs weren’t able to take much volume from mid-market peers.

Wed, 17 Jul 2024 13:48:42 GMT

Midsize NVOs are always under pressure from an M&A perspective, say market observers, and the current freight rate environment is making it hard to value them accurately.

Mon, 15 Jul 2024 16:41:06 GMT

The former CEO of the now bankrupt logistics software vendor has landed in federal prison after a high-profile saga that began with Slync employees not getting paid for weeks in 2022.

Fri, 12 Jul 2024 14:10:41 GMT

Forwarders expect the rate decline to accelerate in the coming weeks after carriers launched or reinstated 10 services into the eastbound trans-Pacific.

Thu, 11 Jul 2024 18:55:00 GMT

Some imports from Asia are being priced out of the market with container shipping costs on the westbound trade almost seven times higher than this time last year.

Thu, 11 Jul 2024 15:06:10 GMT

While the industry has focused on areas such as tracking and quoting, advancements in booking technology portend new potential for digitizing containerized supply chains.

Thu, 11 Jul 2024 12:12:49 GMT

Shippers and forwarders now have a range of options to book with ocean carriers, who themselves have developed direct online portals to lure smaller ocean freight buyers.

Tue, 09 Jul 2024 18:36:00 GMT

The CMA CGM subsidiary is centralizing its organizational structure following a string of high-profile and expensive acquisitions, making use of its critical size in key product sectors.

Wed, 03 Jul 2024 15:16:36 GMT

The forwarder’s enormous staff count and a lack of investment in logistics infrastructure contributed to the carrier dropping out, a source told the Journal of Commerce.

Mon, 01 Jul 2024 16:11:45 GMT

The agency’s detention and demurrage rules are still unclear as to billing those charges to truckers, according to challenges put forth by ocean carriers.

Wed, 12 Jun 2024 15:50:10 GMT

The forwarder says it has been “conditionally” restored to CBP’s so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions.

Tue, 04 Jun 2024 21:07:45 GMT

The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.

Tue, 19 Nov 2024 16:30:15 GMT

A lack of action at the government level is now the number one bottleneck facing green corridor projects, according to a new report.

Tue, 19 Nov 2024 00:00:00 GMT

The carrier has been restrained with its order book up to now, but the order for 312,000 TEUs of capacity comes as pressure to meet 2030 interim decarbonization targets intensifies.

Wed, 06 Nov 2024 17:18:14 GMT

A series of factors are bending the capacity curve back in favor of carriers and could lead to an improved supply-demand balance next year despite a large capacity overhang, believes the Maersk CEO.

Mon, 04 Nov 2024 17:06:16 GMT

The new network will have a grace period for about three months as the first full port rotations are completed but must then quickly prove it can raise on-time performance to the promised levels, says Maersk’s CEO.

Fri, 01 Nov 2024 13:39:16 GMT

Fewer port calls in the Gemini network will allow the carrier to move greater volumes with the same number of ships, Vincent Clerc said while reporting a highly profitable third quarter.

Thu, 31 Oct 2024 16:39:04 GMT

There is no way to predict when carriers will return to the shorter route between Asia and Europe, and cargo owners want to factor that uncertainty into their long-term rate agreements for 2025.

Thu, 31 Oct 2024 15:43:14 GMT

With this latest deal, the combined methanol offtake agreements Maersk now has in place will meet half the demand from its fast-growing dual-fuel fleet in 2027.

Wed, 30 Oct 2024 14:45:20 GMT

The first signs of solid third-quarter performances are being reported by ocean carriers, and with greater visibility over the rest of the year, they are ramping up their profitability expectations.

Thu, 24 Oct 2024 14:59:20 GMT

It marks the second time since August the carrier has increased its 2024 earnings guidance, an indication Maersk expects robust demand and rising rates to deliver a strong finish to the year.

Tue, 22 Oct 2024 15:13:14 GMT

Ocean carriers have so far been unable to stem the rate slide in the traditionally slow post-Golden Week period that followed an early peak season on the trade lane, but they are pulling hard on capacity management levers in a bid to balance supply and demand.

Tue, 15 Oct 2024 18:02:47 GMT

With no improvement in the Red Sea security situation and shippers preparing for 2025 contracts, Gemini has jettisoned the traditional shorter route in favor of the longer transit around southern Africa.

Thu, 10 Oct 2024 14:42:16 GMT

Mediterranean Shipping Co. is wasting no time utilizing its huge scale, striking major slot sharing agreements on the Asia-Europe with new Premiere alliance members.

Mon, 09 Sep 2024 18:27:14 GMT

After five rounds of negotiations and a series of 24-hour warning strikes at Germany’s ports, the union and port employers may finally be close to an agreement.

Fri, 06 Sep 2024 15:28:16 GMT

While rates remain more than four times higher than this point last year, forwarders and carriers report an easing of demand ahead of the traditional end to the peak shipping period.

Tue, 03 Sep 2024 15:21:16 GMT

Many European shippers are locked into the peak season that will extend the high volume of Asian imports through the third quarter despite the early movement of orders to mitigate disruption from the longer Red Sea routing.

Wed, 21 Aug 2024 16:37:32 GMT

Most of Freightos’ traction in air and ocean freight procurement has centered around spot pricing, but the purchase of Shipsta will give it access to contract data from enterprise shippers.

Mon, 19 Aug 2024 19:48:14 GMT

HHLA’s container volume and financial performance in the first six months has been a marked improvement on a disappointing 2023.

Wed, 14 Aug 2024 15:17:12 GMT

The closure of one of China’s busiest container ports will add to the lengthening vessel delays being seen on the main Asian export trade lanes, while North Europe grapples with its own congestion woes on the other end.

Fri, 09 Aug 2024 15:47:47 GMT

The carrier believes the ongoing disruption in the Red Sea is now “entrenched” and will not change for the rest of the year.

Wed, 07 Aug 2024 16:09:52 GMT

The Singapore-based carrier also said it is expecting to book an operating profit for its current financial year that is more than double its previous forecast despite a “highly uncertain” outlook for the rest of 2024.

Wed, 31 Jul 2024 16:16:56 GMT

Vessels on the backhaul trade from Europe to Asia are sailing two-thirds empty, with spot rates on the trade lane falling sharply since February.

Tue, 30 Jul 2024 17:44:26 GMT

There is growing pushback against the pending regulation that some sectors believe poses an impossible challenge in tracing and verifying the origins of certain products that could lead to their exclusion from the EU market.

Thu, 18 Jul 2024 14:03:42 GMT

The capacity deployments during the first half of 2024 show that smaller carriers have been deploying many of the new large ships serving the North America trade, while major alliance carriers have deployed most of their big vessels on Asia-Europe.

Mon, 15 Jul 2024 16:49:13 GMT

The Cosco subsidiary benefited from a sharp increase in rates as early peak season demand on the main trades out of Asia filled all available vessel capacity.

Mon, 15 Jul 2024 14:57:18 GMT

Ocean carriers have seen freight rates on key trans-Pacific and Asia-Europe trades double and triple since the start of the year amid a capacity crunch and supply chain disruptions.

Thu, 11 Jul 2024 18:12:42 GMT

Some imports from Asia are being priced out of the market with container shipping costs on the westbound trade almost seven times higher than this time last year.

Thu, 11 Jul 2024 15:06:10 GMT

An ongoing wage dispute between the ver.di union and port employers is continuing to disrupt operations at some of the busiest container shipping hubs in North Europe.

Wed, 10 Jul 2024 14:05:23 GMT

The opening of the first of three new container berths last week at the Tuas mega container terminal is part of a larger effort to shift operations away from the city center.

Fri, 05 Jul 2024 19:14:40 GMT

Shippers and carriers are better prepared to deal with large-scale disruptions following the supply chain chaos of the COVID-19 pandemic, according to CEVA Logistics CEO Mathieu Friedberg.

Fri, 05 Jul 2024 14:19:16 GMT

An early start to the peak seasons on the trans-Pacific and Asia-Europe trades has left shippers fighting for space with no sign of a respite from soaring rates and deteriorating service levels.

Wed, 26 Jun 2024 16:09:27 GMT

Cargo flow is improving through Singapore and major Chinese ports, but India’s largest container gateway, Mundra, is straining under rising transshipment volumes, ocean carriers and forwarders say.

Fri, 21 Jun 2024 18:33:40 GMT

Houthi rebels have little incentive to stop attacks even if there is a Gaza-Israel ceasefire, there’s no US appetite to root them out, and a political solution is highly unlikely, according to geopolitical analysts.

Fri, 21 Jun 2024 16:58:37 GMT

How do you build a robust, resilient system in the face of operational and geopolitical disruptions that throw conventional container shipping networks into disarray?

Thu, 20 Jun 2024 17:35:58 GMT

The longer transits around southern Africa, port congestion at key hubs in Asia and unseasonally strong demand have absorbed all the capacity carriers threw into the major east-west trade lanes early this year.

Mon, 17 Jun 2024 13:47:14 GMT

Summer strikes have begun in Europe with a series of walkouts causing significant disruption across the main German and French container ports.

Thu, 13 Jun 2024 15:40:18 GMT

Unseasonally strong European demand for Asian imports is placing the heavily disrupted westbound trade lane under intense pressure as volumes overwhelm available capacity.

Wed, 12 Jun 2024 16:43:13 GMT

Average spot rates on the westbound trade have tripled compared with this point last year, with growing demand likely to keep upward pressure on prices over the coming weeks.

Tue, 11 Jun 2024 14:24:06 GMT

The return of regular voyages to the Red Sea and Suez Canal will signal an end to the current disruption on the Asia-Europe trade lane, but there remains zero visibility about when that will happen.

Wed, 05 Jun 2024 18:15:00 GMT

The strength of bookings over the past month has surprised container lines executives, even when factoring some front-loading and replenishing inventories that are back to pre-pandemic levels, writes Journal of Commerce Executive Editor Mark Szakonyi.

Tue, 04 Jun 2024 15:25:33 GMT

The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.

Tue, 19 Nov 2024 16:30:15 GMT

Forwarders and industry analysts forecast strong import volumes through the early Lunar New Year that begins Jan. 29 as importers of time-sensitive merchandise and manufacturing components route shipments through the country’s busiest gateway.

Mon, 18 Nov 2024 21:55:14 GMT

CMA CGM’s group net profit rocketed to $2.7 billion in the third quarter, thanks to stronger pricing power and earlier peak seasons for North American and European importers.

Fri, 08 Nov 2024 21:10:14 GMT

US retailers plan to significantly increase imports in November and December compared with projections from just one month ago following Donald Trump’s election to a second term.

Fri, 08 Nov 2024 20:56:14 GMT

Among the major container lines, CMA CGM has taken the lead in reinstating shorter Suez Canal routings, offering India exporters to North America shorter transits than the majority of other services sailing around southern Africa.

Fri, 08 Nov 2024 17:02:14 GMT

The bullish fundamentals are expected to keep US imports healthy as the year ends and put a floor under rates, according to participants at this year’s CONECT conference.

Thu, 07 Nov 2024 20:35:14 GMT

The carrier has been restrained with its order book up to now, but the order for 312,000 TEUs of capacity comes as pressure to meet 2030 interim decarbonization targets intensifies.

Wed, 06 Nov 2024 17:18:14 GMT

A series of factors are bending the capacity curve back in favor of carriers and could lead to an improved supply-demand balance next year despite a large capacity overhang, believes the Maersk CEO.

Mon, 04 Nov 2024 17:06:16 GMT

The new network will have a grace period for about three months as the first full port rotations are completed but must then quickly prove it can raise on-time performance to the promised levels, says Maersk’s CEO.

Fri, 01 Nov 2024 13:39:16 GMT

While conventional retailers were decreasing their orders, the growth of e-commence shipments from Asia was more consistent as elevated air cargo rates pushed more shippers to move goods via ocean transport, the carrier’s CEO said.

Thu, 31 Oct 2024 19:27:17 GMT

Fewer port calls in the Gemini network will allow the carrier to move greater volumes with the same number of ships, Vincent Clerc said while reporting a highly profitable third quarter.

Thu, 31 Oct 2024 16:39:04 GMT

Import demand from Asia, which typically tapers ahead of Black Friday sales, is holding steady, fueled by resilient retail sales, tariff concerns and the mid-January expiration of the tentative ILA labor agreement.

Wed, 30 Oct 2024 19:00:18 GMT

With this latest deal, the combined methanol offtake agreements Maersk now has in place will meet half the demand from its fast-growing dual-fuel fleet in 2027.

Wed, 30 Oct 2024 14:45:20 GMT

Shippers and forwarders are reporting slowdowns at several inland gateways that are linked to seasonality, equipment placement, labor disruption and carrier behavior.

Fri, 25 Oct 2024 19:43:25 GMT

The first signs of solid third-quarter performances are being reported by ocean carriers, and with greater visibility over the rest of the year, they are ramping up their profitability expectations.

Thu, 24 Oct 2024 14:59:20 GMT

It marks the second time since August the carrier has increased its 2024 earnings guidance, an indication Maersk expects robust demand and rising rates to deliver a strong finish to the year.

Tue, 22 Oct 2024 15:13:14 GMT

Forwarders say their containers are sitting at some terminals for 10 days or longer before they can be retrieved, although some relief in import volumes and dwell times is expected next month.

Wed, 16 Oct 2024 20:12:14 GMT

Carriers began pulling the charges shortly after the end of the strike was announced last week, while pressure to do so came even earlier from Transportation Secretary Pete Buttigieg.

Fri, 11 Oct 2024 18:56:14 GMT

The huge import volumes that moved across US docks in August are also muting the post-Golden Week bounce that normally occurs in mid-October when retailers ship their high-value holiday merchandise through the West Coast.

Thu, 10 Oct 2024 20:58:14 GMT

If the International Longshoremen’s Association (ILA) strike continues past next week, shippers say they will likely book more freight through West Coast ports, rather than risk being caught up in logjams at East and Gulf coast ports.

Wed, 02 Oct 2024 19:56:14 GMT

The $1 billion facility at the Port of Charleston has sat largely idle since its opening in 2021 amid a protracted dispute with the ILA over control of crane operator jobs.

Wed, 25 Sep 2024 21:24:14 GMT

Front-loaded cargo has dried up ahead of potential labor disruption on the East and Gulf coasts, putting heavy pressure on container spot rates from Asia.

Mon, 23 Sep 2024 20:19:13 GMT

While there are still regulatory hurdles to clear, a spokesperson for DSV told the Journal of Commerce the combined company “will continue under the DSV brand” going forward.

Thu, 19 Sep 2024 17:54:14 GMT

It’s a play by carriers to tempt NVOs with a reopened annual contract that, while higher than the deal they signed last spring, is still below current spot rates that have fallen from an early-summer peak.

Fri, 13 Sep 2024 18:24:14 GMT

The Global Port Tracker now projects US imports this month will hit 2.31 million TEUs, up 14% from the same month a year ago; last month’s report expected the year-over-year increase for September to be 6.5%.

Tue, 10 Sep 2024 21:12:15 GMT

Spot rates from Asia to the US East Coast are dropping faster than in past years as carriers route discretionary shipments to the West Coast to avoid getting caught up in a threatened dockworker strike on the East and Gulf coasts.

Mon, 09 Sep 2024 21:00:14 GMT

Mediterranean Shipping Co. is wasting no time utilizing its huge scale, striking major slot sharing agreements on the Asia-Europe with new Premiere alliance members.

Mon, 09 Sep 2024 18:27:14 GMT

A big jump in spot rates was pegged to the cascading impacts of blank sailings and a volume rush from shippers ahead of China’s Golden Week holiday in October.

Fri, 06 Sep 2024 17:21:14 GMT

The added capacity — 14 extra-loaders at each port — comes amid peak season demand and an anticipated boost in discretionary cargo diverted from ports along the US East and Gulf coasts as shippers protect themselves from potential longshore labor disruption.

Thu, 29 Aug 2024 21:17:14 GMT

While some customers worry rail container dwell times could worsen, port stakeholders say they are accustomed to the ebb and flow and can manage the recent import surge.

Tue, 27 Aug 2024 19:55:02 GMT

The port is looking to employ the landlord model used at other West Coast ports that would allow a private operator to manage the T6 terminal’s daily operations and market the facility to ocean carriers and shippers.

Mon, 26 Aug 2024 20:27:14 GMT

Competition to fill ships in the eastbound trans-Pacific has become so intense in recent weeks that ocean carriers are offering a variety of special rates that are much lower than the spot rates they are quoting.

Mon, 26 Aug 2024 16:46:51 GMT

Container lines calling in Tacoma say the congestion is being caused by a surge in import volumes and a shortage of rail cars that is likely to last at least through August.

Mon, 19 Aug 2024 21:36:14 GMT

A prolonged work stoppage at ports along the East and Gulf coasts would put global shipping under stress in a manner similar to the forced vessel diversions around southern Africa, Zim’s Xavier Destriau told the Journal of Commerce.

Mon, 19 Aug 2024 21:32:14 GMT

The closure of one of China’s busiest container ports will add to the lengthening vessel delays being seen on the main Asian export trade lanes, while North Europe grapples with its own congestion woes on the other end.

Fri, 09 Aug 2024 15:47:47 GMT

With the potential for labor disruption looming at the end of September, the Global Port Tracker has again upgraded its short-term forecast for imports, saying it expects year-over-year monthly increases at least through the end of the year.

Thu, 08 Aug 2024 19:14:41 GMT

In a new report, industrial real estate firm Jones Lang LaSalle said fundamentals such as absorption of warehouse and distribution space, vacancy rates, deliveries of new properties and subleasing activity slowed in the second quarter.

Wed, 07 Aug 2024 17:20:34 GMT

The carrier believes the ongoing disruption in the Red Sea is now “entrenched” and will not change for the rest of the year.

Wed, 07 Aug 2024 16:09:52 GMT

The differential between East and West coast spot rates is now more than $3,000 as retailers rush to ship their imports from Asia ahead of a possible strike by ILA dockworkers when their contract expires on Sept. 30.

Mon, 05 Aug 2024 18:17:35 GMT

Matson’s second quarter financial earnings rose well above both last year and the consensus estimate as shippers looked to its expedited ocean services for relief from high air cargo rates.

Fri, 02 Aug 2024 19:03:19 GMT

A lack of action at the government level is now the number one bottleneck facing green corridor projects, according to a new report.

Tue, 19 Nov 2024 00:00:00 GMT

Forwarders and industry analysts forecast strong import volumes through the early Lunar New Year that begins Jan. 29 as importers of time-sensitive merchandise and manufacturing components route shipments through the country’s busiest gateway.

Mon, 18 Nov 2024 21:55:14 GMT

The move comes as the DP World-operated hub is making large investments in berths and supporting infrastructure with a plan to grow its throughput and attract volumes from other UK ports, including top rival Felixstowe.

Mon, 18 Nov 2024 18:07:13 GMT

Mounting congestion brought on by peak season volumes and port construction is making it difficult for exporters in Brazil to secure empty boxes.

Fri, 15 Nov 2024 18:02:51 GMT

The deal for privately-owned IMC Logistics gives NVO Kuehne+Nagel a significant advantage in selling door-to-door products to cargo owners.

Thu, 14 Nov 2024 15:42:14 GMT

While the presidential campaign is no longer a factor, the new Trump administration will likely be similarly disinterested in a strike of any significant length and, it can be assumed, will get directly involved in talks.

Thu, 14 Nov 2024 15:09:14 GMT

Dockworkers in British Columbia, as well as Montreal, say Labor Minister Steve MacKinnon’s order to accept binding arbitration goes against their rights under Canada’s constitution.

Wed, 13 Nov 2024 22:39:14 GMT

Developing an over-the-road network to handle containers carried on ships too large to traverse the waterway could increase the canal’s annual throughput by over 60%, officials say, although funding concerns exist.

Wed, 13 Nov 2024 22:01:15 GMT

The union representing about 45,000 dockworkers at East and Gulf coast ports says employers want to eliminate jobs by implementing semi-automated technology at marine terminals.

Wed, 13 Nov 2024 19:06:14 GMT

The Democrat, appointed under the previous Trump administration, had taken a particular interest in port and terminal operations while at the US maritime regulator.

Tue, 12 Nov 2024 22:28:14 GMT

Canada’s Labor Minister requires management and unions to submit to binding arbitration and orders that ports reopen after a series of strikes and lockouts effectively halted container operations across the country.

Tue, 12 Nov 2024 19:43:14 GMT

US retailers plan to significantly increase imports in November and December compared with projections from just one month ago following Donald Trump’s election to a second term.

Fri, 08 Nov 2024 20:56:14 GMT

Coast-to-coast work stoppages at Canadian ports have ground container operations to a halt, with port employers saying their best offers for new dockworker contracts are on the table.

Fri, 08 Nov 2024 20:09:14 GMT

Among the major container lines, CMA CGM has taken the lead in reinstating shorter Suez Canal routings, offering India exporters to North America shorter transits than the majority of other services sailing around southern Africa.

Fri, 08 Nov 2024 17:02:14 GMT

Sources also noted that some recent sailings on the trade lane have had difficulty filling space at Nhava Sheva and Mundra in line with declared allocation plans.

Thu, 07 Nov 2024 15:40:16 GMT

The disruptions coming out of disagreements during port work contract negotiations in North America have intensified, as seen currently in Western Canada and Montreal, and possibly again on the US East and Gulf coasts come mid-January.

Thu, 07 Nov 2024 13:35:15 GMT

The work stoppage along Canada’s West Coast has also shut down rail operations, with CN suspending westbound rail service to British Columbia ports and CPKC halting acceptance of export and empty containers for the province.

Tue, 05 Nov 2024 21:52:14 GMT

The major Chinese ports of Shanghai and Ningbo are currently experiencing delays of two to three days due to the lingering impacts of the storm that hit the region late last week.

Tue, 05 Nov 2024 20:52:13 GMT

CMA CGM and Maersk are reshuffling their Mexico-Central America services beginning this month in response to chronic port congestion and berthing delays at key ports in the region.

Tue, 05 Nov 2024 16:09:18 GMT

Maritime employers say they will commence a lockout of the longshore foremen after their union began a threatened strike Monday morning, a move that will force marine terminals in the province to close.

Mon, 04 Nov 2024 21:36:14 GMT

Vancouver, Canada’s busiest container port, faces the possibility of a shutdown unless maritime employers and longshore foremen reach a new contract before a Monday deadline.

Fri, 01 Nov 2024 17:34:14 GMT

The Viau and Maisonneuve marine terminals closed to ship, rail and truck traffic Thursday morning as members of the Canadian Union of Public Employees Local 375, which represents 1,200 dockworkers at Montreal, walked off the job.

Thu, 31 Oct 2024 20:36:14 GMT

While conventional retailers were decreasing their orders, the growth of e-commence shipments from Asia was more consistent as elevated air cargo rates pushed more shippers to move goods via ocean transport, the carrier’s CEO said.

Thu, 31 Oct 2024 19:27:17 GMT

The Environmental Protection Agency will disburse nearly $3 billion in federal funds meant to offset the costs of upgrading thousands of pieces of yard equipment from diesel to electric power.

Wed, 30 Oct 2024 20:22:14 GMT

Import demand from Asia, which typically tapers ahead of Black Friday sales, is holding steady, fueled by resilient retail sales, tariff concerns and the mid-January expiration of the tentative ILA labor agreement.

Wed, 30 Oct 2024 19:00:18 GMT

The port will see almost half of its container capacity go offline beginning Thursday as the local longshore union declares an unlimited strike against two of Montreal’s largest marine terminals.

Tue, 29 Oct 2024 20:11:13 GMT

It is the second major port investment the Marseilles-based carrier has made recently after paying $1.2 billion last month for a majority stake in Brazil’s largest terminal operator.

Tue, 29 Oct 2024 16:03:14 GMT

The completion of initial clearance improvements allows CSX to operate double-stack rail service on a temporary route from Baltimore along its network in Pennsylvania, New Jersey, New York and into the Midwest.

Tue, 29 Oct 2024 15:48:14 GMT

The Port of Virginia is enjoying a 372% surge in breakbulk cargo volumes thanks largely to handling cargo shipments supporting a 2.6-gigawatt offshore wind project.

Mon, 28 Oct 2024 21:21:14 GMT

Forwarders say intra-Asia pricing is strengthening amid congestion-based blank sailings and strong demand, and carriers are marshalling another round of peak season rate increases.

Mon, 28 Oct 2024 18:11:15 GMT

Maritime employers and the longshore union representing dockworkers along the US East and Gulf coasts will restart negotiations in New Jersey next month, with automation the main issue at hand.

Fri, 25 Oct 2024 20:22:14 GMT

McBeth, who passed away last week at age 83, was remembered as instrumental in the development of the Prince Rupert container terminal.

Fri, 25 Oct 2024 19:44:10 GMT

Shippers and forwarders are reporting slowdowns at several inland gateways that are linked to seasonality, equipment placement, labor disruption and carrier behavior.

Fri, 25 Oct 2024 19:43:25 GMT

The agency said it has secured more refunds and waivers for shippers in disputes with ocean carriers over detention and demurrage charges, with more investigations pending.

Fri, 25 Oct 2024 12:00:00 GMT

Beth Ann Branch is taking the reins as New Orleans develops the $1.8 billion Louisiana International Terminal, which will allow the port to service ultra-large container ships.

Thu, 24 Oct 2024 21:55:24 GMT

The Port of Montreal’s maritime employers warn that even a brief strike will add to shipper uncertainty over routing cargo through the port given other recent job actions taken by the union.

Thu, 24 Oct 2024 21:46:35 GMT

UP’s CEO Jim Vena, during the railroad’s Q3 earnings call, appeared to take a shot at ocean carriers for not informing landside stakeholders sooner about the heavy volumes that landed along the West Coast in recent months.

Thu, 24 Oct 2024 19:20:17 GMT

The ruling from the Canada Industrial Relations Board said union longshore foremen moved too late in raising the issue of automation’s impact on jobs at the Port of Vancouver.

Thu, 24 Oct 2024 16:25:14 GMT

A report from the US Governmental Accountability Office shows the possible, but narrow, path for adoption of automation at US ports as maritime employers and longshore labor along the East and Gulf coasts attempt to hammer out a new master contract.

Thu, 24 Oct 2024 12:00:00 GMT

The move comes as container shipping affiliate Cosco Shipping Holdings is expanding services between China and Thailand and as overall shipping capacity is growing between the two countries.

Wed, 23 Oct 2024 19:18:14 GMT

GenLogs, founded by an ex-counterterrorism expert, is offering shippers and brokers a way to track lost trailers and trucks as cargo theft booms in the US.

Wed, 20 Nov 2024 11:00:00 GMT

The New York Shipping Exchange’s plan to introduce indexes to support long-term contracts adds to an already crowded field of providers.

Tue, 19 Nov 2024 16:30:15 GMT

The company sees its new Broker Access product as another channel for brokers to find capacity outside of contracts with truckload carriers and posting spot freight on a load board.

Thu, 14 Nov 2024 17:35:14 GMT

Customers of automated freight procurement tool Keelvar will get access to more than $1 trillion in truckload pricing data as part of a new arrangement with DAT Freight & Analytics.

Wed, 13 Nov 2024 18:22:14 GMT

Shippers once saw small variances on freight bills as a nuisance too insignificant to dispute, but technology is enabling more efficient scrutiny across transportation modes.

Mon, 04 Nov 2024 13:49:13 GMT

Some freight brokers are increasing the number of loads they can book per day with software that automates repetitive components of the booking process.

Mon, 28 Oct 2024 21:13:15 GMT

The test showed that eBLs sped the transfer of documents from the exporter to the importer using the WaveBL platform as a shared ledger.

Fri, 18 Oct 2024 19:22:14 GMT

GenLogs, a technology provider aiming to help US brokers track trucks, uses a network of roadside sensors to passively collect truckload carrier locations.

Mon, 23 Sep 2024 13:15:00 GMT

The software provider has steered clear of outside investment as it sought to patiently build import management tools for shippers.

Mon, 23 Sep 2024 10:00:00 GMT

Investors have put $6.3 million into a startup aiming to provide a procurement and transportation management software alternative to enterprise-focused solutions.

Thu, 05 Sep 2024 17:00:14 GMT

Forwarders booking less-than-containerload business from shippers face documentation and pricing challenges that cut into their ability to carve out margin.

Tue, 03 Sep 2024 19:01:14 GMT

A range of supply chain mapping and risk management tools have emerged in the past decade, many aimed at customs brokers and third-party logistics providers.

Thu, 22 Aug 2024 15:00:17 GMT

A flood of duty-free shipments from Asia has upped the ante on brokers having broad knowledge of the upstream supply chains used by their importer clients.

Tue, 20 Aug 2024 16:43:14 GMT

Most of Freightos’ traction in air and ocean freight procurement has centered around spot pricing, but the purchase of Shipsta will give it access to contract data from enterprise shippers.

Mon, 19 Aug 2024 19:48:14 GMT

A new $54.9 million fund has launched to support climate-focused logistics startups, a rare bright spot amid a larger pull-back in venture capital investment in the wider shipping industry.

Thu, 15 Aug 2024 18:28:13 GMT

Despite the nearly $140 billion invested in logistics startups globally from 2012 through 2023, most of the industry’s major inefficiencies remain and the underlying structure of the industry has hardly changed.

Fri, 09 Aug 2024 14:00:00 GMT

The retail giant will enable sellers using its US fulfillment services to access its negotiated ocean rates for full containers from Yantian, Shanghai and Ningbo.

Fri, 09 Aug 2024 13:11:50 GMT

Many tools tend to focus on providing visibility centered around the “planned” supply chain, but perhaps what the industry needs is a shift in mindset that puts greater attention on exceptions, writes analyst Lars Jensen.

Fri, 02 Aug 2024 16:06:27 GMT

The $200 million funding round cuts against the broader trend of venture capital investors pulling back from early- and growth-stage supply chain and logistics startups.

Tue, 30 Jul 2024 15:02:07 GMT

A report from the consultancy pins lackluster funding into logistics startups on static freight demand and a steep decline in freight rates in 2023.

Thu, 25 Jul 2024 17:03:30 GMT

The Singapore-based ocean carrier is the fifth shipping line to use WaveBL’s electronic bill of lading product.

Wed, 24 Jul 2024 15:01:01 GMT

The collaboration comes barely a month after Google researchers said they could help shipping lines improve their network designs and profitability.

Thu, 18 Jul 2024 17:45:01 GMT

The former CEO of the now bankrupt logistics software vendor has landed in federal prison after a high-profile saga that began with Slync employees not getting paid for weeks in 2022.

Fri, 12 Jul 2024 14:10:41 GMT

While the industry has focused on areas such as tracking and quoting, advancements in booking technology portend new potential for digitizing containerized supply chains.

Thu, 11 Jul 2024 12:12:49 GMT

Electronic booking standards across ocean carriers would make it easier for shippers and forwarders to do business with a range of capacity providers, says the Digital Container Shipping Association.

Wed, 10 Jul 2024 16:15:52 GMT

Shippers and forwarders now have a range of options to book with ocean carriers, who themselves have developed direct online portals to lure smaller ocean freight buyers.

Tue, 09 Jul 2024 18:36:00 GMT

The company believes shippers will benefit from a payments network it has created to help brokers and carriers bill shippers accurately before an invoice is sent out.

Fri, 05 Jul 2024 11:00:00 GMT

Progress on the industry’s goal of fully moving to electronic bills of lading by 2030 has been slow, but more carriers are signing with vendors to enable the migration.

Thu, 27 Jun 2024 15:06:25 GMT

The uneven success of the digital brokerage model suggests that the foundations of the market were harder to disrupt than venture investors first envisioned a decade ago, and maybe even harder than some of the founders of digital brokerages had foreseen.

Mon, 17 Jun 2024 18:41:18 GMT

The ocean carrier joins rivals Maersk, CMA CGM and Hapag-Lloyd — all investors in NYSHEX — in using the contract management platform.

Thu, 13 Jun 2024 17:57:14 GMT

CargoSense said the funding will be used to expand its partner ecosystem of integrated management systems and data sources for its shipper customers.

Thu, 13 Jun 2024 16:28:18 GMT

The new products were launched as Ship Angel announced a $5 million funding round by venture investors.

Tue, 11 Jun 2024 15:10:48 GMT

The thorny issue of running more efficient ocean carrier networks on a global scale has been a long-term quandary for liners and the software vendors catering to them.

Thu, 06 Jun 2024 14:24:46 GMT

One of the first “digital-native” brokerages, Transfix is shifting its focus to selling software as a service to other brokers, including NFI.

Wed, 05 Jun 2024 15:10:36 GMT

The post-pandemic resilience of small fleets has been attributed in part to driver reliance on apps such as the one Convoy built, which Flexport purchased last November.

Mon, 03 Jun 2024 14:22:26 GMT

Amid growing interest in making the truckload appointment scheduling process more efficient, the US visibility provider has added weight to an initiative started in late 2022.

Tue, 28 May 2024 17:55:19 GMT

A legal battle over unpaid detention and demurrage bills between the forwarder and importer Giti Tire has now moved to US maritime regulators.

Tue, 21 May 2024 19:42:32 GMT

The fast-evolving supply chain technology market prompted the global forwarders to take over Forward Computers, which will be run under a joint venture as an independent business.

Mon, 20 May 2024 14:29:29 GMT

Amid a range of efforts to automate and standardize truckload appointments, a new provider has launched a neutral platform to reduce manual work and errors associated with the process.

Thu, 16 May 2024 14:30:00 GMT

The auditing initiative between the carrier and software vendor OpenEnvoy was kickstarted by CMA CGM’s ZEBOX technology incubator, which connects startups with entrenched logistics partners.

Tue, 07 May 2024 10:00:00 GMT