String of Asia storms cause port closures, cargo delays Sailing schedules showed delays of up to five days on some services due to the typhoons, including one that hit the coast of southern China Tuesday after sweeping across Taiwan at the weekend. String of Asia storms cause port closures, cargo delays Journal of Commerce
Read More →No bottom in sight for free-falling trans-Atlantic rates
on September 5, 2023in Industry News
No bottom in sight for free-falling trans-Atlantic rates The spot market from North Europe to the US East Coast continues to weaken and lackluster attempts by carriers to withdraw capacity are having little effect on balancing supply and demand. No bottom in sight for free-falling trans-Atlantic rates Journal of Commerce
Read More →Key supply chain stakeholders commit to electronic bills of lading
on September 5, 2023in Industry News
Key supply chain stakeholders commit to electronic bills of lading Digitalizing the most important document in global trade is a vital step toward a more efficient and secure paperless container shipping industry. Key supply chain stakeholders commit to electronic bills of lading Journal of Commerce
Read More →Hapag-Lloyd CEO says exclusion from HMM bid was expected
on September 4, 2023in Industry News
Hapag-Lloyd CEO says exclusion from HMM bid was expected The Hamburg-based carrier has confirmed that HMM’s South Korean state owners have removed it from the bidding process. Hapag-Lloyd CEO says exclusion from HMM bid was expected Journal of Commerce
Read More →MPV/HL orders scarce despite need for sustainable fleet
on September 4, 2023in Industry News
MPV/HL orders scarce despite need for sustainable fleet Newbuilding investments in the multipurpose and heavy-lift fleet will be crucial to the global push to decarbonize energy. MPV/HL orders scarce despite need for sustainable fleet Journal of Commerce
Read More →Breakbulk sector preps for EU emissions trading system
on September 2, 2023in Industry News
Breakbulk sector preps for EU emissions trading system Breakbulk carriers and their clients must prepare for the EUs new emissions trading system before the Jan. 1 start Breakbulk sector preps for EU emissions trading system Journal of Commerce
Read More →BNSF deploying cameras, drones to boost terminal cargo flow
on September 1, 2023in Industry News
BNSF deploying cameras, drones to boost terminal cargo flow BNSF is testing the use of cameras on yard hostlers, poles and drones which can read and log the location of containers in the hopes of increasing fluidity through rail terminals. BNSF deploying cameras, drones to boost terminal cargo flow Journal of Commerce
Read More →Bidders hold back on first Gulf of Mexico wind lease auction
on September 1, 2023in Industry News
Bidders hold back on first Gulf of Mexico wind lease auction Beyond the supply chain snarls, permitting bottlenecks and high costs that are hampering offshore wind development generally, the Gulf is a less-than-ideal location for offshore wind compared to other parts of the US. Bidders hold back on first Gulf of Mexico wind lease […]
Read More →Tactical M&A activity likely to surface in under-pressure US 3PL market
on September 1, 2023in Industry News
Tactical M&A activity likely to surface in under-pressure US 3PL market Lenders are being choosy about which domestic logistics deals they finance, giving an edge to acquirers with cash saved up from the pandemic. Tactical M&A activity likely to surface in under-pressure US 3PL market Journal of Commerce
Read More →CMA CGM closes deal for two New York-New Jersey marine terminals
on September 1, 2023in Industry News
CMA CGM closes deal for two New York-New Jersey marine terminals The completion of the terminal acquisitions gives the carrier a stronger footprint in the US’s largest East Coast gateway. CMA CGM closes deal for two New York-New Jersey marine terminals Journal of Commerce
Read More →