Maersk, CMA CGM join forces in drive to accelerate shipping decarbonization The two carriers will work together to develop alternative fuel standards, scale up the production of green fuel and ensure its supply at key bunkering ports around the world. Maersk, CMA CGM join forces in drive to accelerate shipping decarbonization Journal of Commerce
Read More →Maersk, CMA CGM join forces in drive to accelerate shipping decarbonization
on September 19, 2023in Industry News
Largest US ports record 20%-plus declines in trans-Pacific imports
on September 18, 2023in Industry News
Largest US ports record 20%-plus declines in trans-Pacific imports The top four US ports, which accounted for 68.2% of US imports from Asia through August, experienced greater than 20% declines in Asian imports in the first eight months of 2023 whereas imports through Houston, the dominant port on the Gulf Coast, declined only 3.7%. Largest […]
Read More →Lower demand from China, high prices stunting US ag exports
on September 18, 2023in Industry News
Lower demand from China, high prices stunting US ag exports West Coast ports are bearing the brunt of a steep decline in US agriculture exports, as are carriers like CMA CGM that pivoted to serving exporters amid weaker import demand. Lower demand from China, high prices stunting US ag exports Journal of Commerce
Read More →Green fuel costs could make nuclear ships economically viable: experts
on September 18, 2023in Industry News
Green fuel costs could make nuclear ships economically viable: experts Small onboard nuclear reactors could ultimately be the lowest-cost method of decarbonization as shipping competes with other thirsty industries for sustainable net-zero fuels, according to energy and investment analysts. Green fuel costs could make nuclear ships economically viable: experts Journal of Commerce
Read More →Ocean carriers will look to ‘chokepoint’ assets for next wave of spending: analyst
on September 18, 2023in Industry News
Ocean carriers will look to ‘chokepoint’ assets for next wave of spending: analyst Owning and operating potential supply chain chokepoints is a competitive advantage, and we should expect to see major carriers – flush with cash post-pandemic — be very active in attempting to secure such assets, writes analyst Lars Jensen. Ocean carriers will look […]
Read More →Lack of cargoes holding down MPV rates in near-term: analysts
on September 18, 2023in Industry News
Lack of cargoes holding down MPV rates in near-term: analysts Despite having fewer cargoes for which to compete, some bulk operators are beefing up their staff of project cargo specialists, implying that those carriers are sensing opportunities ahead. Lack of cargoes holding down MPV rates in near-term: analysts Journal of Commerce
Read More →J.B. Hunt brokerage acquisition deepens partnership with BNSF
on September 15, 2023in Industry News
J.B. Hunt brokerage acquisition deepens partnership with BNSF The division of BNSF Logistics between BNSF Railway and J.B. Hunt is aimed at helping to improve service to joint customers at a time when freight demand is weak. J.B. Hunt brokerage acquisition deepens partnership with BNSF Journal of Commerce
Read More →Logistics provider GXO buys PFSweb amid end-to-end fulfillment rush
on September 15, 2023in Industry News
Logistics provider GXO buys PFSweb amid end-to-end fulfillment rush The deal comes on the heels of other acquisitions and new services launched this week at several logistics and transportation providers, all aimed at expanding their ability to deliver end-to-end global fulfillment services. Logistics provider GXO buys PFSweb amid end-to-end fulfillment rush Journal of Commerce
Read More →Possible MSC deal brings ‘respite’ for competition-hit HHLA: Drewry
on September 15, 2023in Industry News
Possible MSC deal brings ‘respite’ for competition-hit HHLA: Drewry The carrier’s commitment to bring an additional 1 million TEUs a year across HHLA’s wharves in Hamburg if it wins a bid for almost half the company will come as an attractive sweetener for the terminal operator. Possible MSC deal brings ‘respite’ for competition-hit HHLA: Drewry […]
Read More →Low rates, poor service to mark trans-Pacific trade amid capacity boom
on September 15, 2023in Industry News
Low rates, poor service to mark trans-Pacific trade amid capacity boom Although importers can look forward to paying low freight rates at least into 2024 due to weak volumes and significant over-capacity in the trans-Pacific, aggressive capacity reductions through blank sailings will disrupt service levels, this week’s IANA conference was told. Low rates, poor service […]
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