Ship charterers call BIMCO CII carbon rating clause ‘unusable’ How the new vessel carbon intensity rating measure will be applied from January continues to rile the global shipping community, with BIMCO facing the latest maritime industry broadside. Ship charterers call BIMCO CII carbon rating clause ‘unusable’ Journal of Commerce
Read More →Decline in US for-hire truck tonnage gains speed
on December 20, 2022in Industry News
Decline in US for-hire truck tonnage gains speed Truck freight demand is falling closer to 2021 levels as 2022 draws toward its close, putting more pressure on truckload and LTL rates. Decline in US for-hire truck tonnage gains speed Journal of Commerce
Read More →Global air freight capacity oversupplied entering 2023
on December 20, 2022in Industry News
Global air freight capacity oversupplied entering 2023 Whereas a shortage of capacity in major trades was the chief issue for air cargo providers over the past two years, the greatest challenge in 2023 will be a lack of demand. Global air freight capacity oversupplied entering 2023 Journal of Commerce
Read More →THE Alliance rolls out megaships in 2023 network update
on December 20, 2022in Industry News
THE Alliance rolls out megaships in 2023 network update THE Alliance member Hapag-Lloyd says shippers can expect a “simplified” network in 2023, but that could mean larger ships, fewer services, and less transshipment. THE Alliance rolls out megaships in 2023 network update Journal of Commerce
Read More →Regulatory support missing in drive to scale up green fuel: Ørsted
on December 20, 2022in Industry News
Regulatory support missing in drive to scale up green fuel: Ørsted Danish power company Ørsted says policymakers must provide a regulatory environment that allows companies to commit to the huge investment required in developing shipping’s fuel of the future. Regulatory support missing in drive to scale up green fuel: Ørsted Journal of Commerce
Read More →US ports not prepared for next cargo surge: experts
on December 19, 2022in Industry News
US ports not prepared for next cargo surge: experts While congestion at US ports and inland hubs has eased significantly amid declining import volumes, stakeholders need to act now to ready themselves for the next cargo surge, supply chain experts say. US ports not prepared for next cargo surge: experts Journal of Commerce
Read More →Calmer supply chain waters beckon in 2023
on December 19, 2022in Industry News
Calmer supply chain waters beckon in 2023 As the US economy slows, logistics managers are searching not just for lower supply chain costs but a normalization of freight flows and networks, a level of stability and predictability that remains elusive. Calmer supply chain waters beckon in 2023 Journal of Commerce
Read More →Congress directs USDOT to prepare national maritime plan
on December 19, 2022in Industry News
Congress directs USDOT to prepare national maritime plan The National Defense Authorization Act for Fiscal Year 2023 requires the US Department of Transportation to make recommendations for how Congress can invest in and increase the resilience of the US marine transportation system. Congress directs USDOT to prepare national maritime plan Journal of Commerce
Read More →Intermodal volumes falling fast, rates to follow in 2023
on December 19, 2022in Industry News
Intermodal volumes falling fast, rates to follow in 2023 Domestic intermodal volume suffered its worst November in seven years, which will put additional pressure on intermodal providers to provide concessions to shippers on contracts for 2023. Intermodal volumes falling fast, rates to follow in 2023 Journal of Commerce
Read More →Car carriers enjoying ‘exceptional conditions’: Clarksons
on December 16, 2022in Industry News
Car carriers enjoying ‘exceptional conditions’: Clarksons Longer voyages, high demand, and tight capacity are boosting earnings and charter rates in the global car carrier segment. Car carriers enjoying ‘exceptional conditions’: Clarksons Journal of Commerce
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