Maersk, CMA CGM to divert almost 200 ships away from Suez Most of Maersk’s reroutings are on Asia-Europe services, with some 84 vessels across eight different service strings being affected. Maersk, CMA CGM to divert almost 200 ships away from Suez Journal of Commerce
Read More →Naval force gives Maersk confidence to resume Suez Canal transits
on December 22, 2023in Industry News
Naval force gives Maersk confidence to resume Suez Canal transits Maersk decision to resume sailings through the Red Sea reveals confidence on the part of the carrier with they have been told by naval coalition forces about their capabilities and willingness to act in defense of shipping. Naval force gives Maersk confidence to resume Suez […]
Read More →Mexico-US rail shipments resume after CBP reopens Eagle Pass, El Paso crossings
on December 22, 2023in Industry News
Mexico-US rail shipments resume after CBP reopens Eagle Pass, El Paso crossings The move comes after several days of pressure from shipper groups who expressed concerns over the economic impact of the closures so close to Christmas. Mexico-US rail shipments resume after CBP reopens Eagle Pass, El Paso crossings Journal of Commerce
Read More →Geopolitical conflicts could signal end to global reach of ocean carriers: analyst
on December 22, 2023in Industry News
Geopolitical conflicts could signal end to global reach of ocean carriers: analyst With increasing instability around the world, we might be approaching the point where a carrier’s reach is no longer truly global as liners are forced to make commercial and political decisions that will shape the scope of their operations, writes analyst Lars Jensen. […]
Read More →Surging e-commerce demand lifts Hong Kong air cargo into peak season
on December 22, 2023in Industry News
Surging e-commerce demand lifts Hong Kong air cargo into peak season Online shopping in North America and Europe has generated huge air freight volume out of China, with demand expected to continue past the Lunar New Year in February. Surging e-commerce demand lifts Hong Kong air cargo into peak season Journal of Commerce
Read More →Uncertainty over Inflation Reduction Act slows US onshore, offshore wind projects
on December 22, 2023in Industry News
Uncertainty over Inflation Reduction Act slows US onshore, offshore wind projects Existing wind-related manufacturing capacity in the US struggles to meet the local content requirements of the measure, frustrating would-be developers and pushing away some early investors. Uncertainty over Inflation Reduction Act slows US onshore, offshore wind projects Journal of Commerce
Read More →Breakbulk shippers prep for EU ETS implementation as new cost structure dawns
on December 22, 2023in Industry News
Breakbulk shippers prep for EU ETS implementation as new cost structure dawns Multipurpose and heavy-lift and ro/ro carriers are weighing whether to pass on the costs of EU emissions allowances by using surcharges or all-in freight rates. Breakbulk shippers prep for EU ETS implementation as new cost structure dawns Journal of Commerce
Read More →Trans-Pacific spot rates explode amid accelerating Red Sea carrier diversions
on December 21, 2023in Industry News
Trans-Pacific spot rates explode amid accelerating Red Sea carrier diversions While shippers adapt to the complicated market environment in the short term, they are also casting a wary eye on annual service contract negotiations with carriers that will heat up early next year. Trans-Pacific spot rates explode amid accelerating Red Sea carrier diversions Journal of […]
Read More →CPKC implements embargo on Mexico-bound empty containers in Laredo
on December 21, 2023in Industry News
CPKC implements embargo on Mexico-bound empty containers in Laredo With CPKC competitors BNSF and UP unable to send or receive cargo because of the border closures at El Paso and Eagle Pass, they might be tempted to send containers through CPKC’s still-opened Laredo crossing. CPKC implements embargo on Mexico-bound empty containers in Laredo Journal of Commerce
Read More →Port NOLA gets federal funds to launch construction of mega-terminal
on December 21, 2023in Industry News
Port NOLA gets federal funds to launch construction of mega-terminal The proposed 2-million-TEU container terminal would be situated downriver from New Orleans where ships won’t face the air-draft restrictions of the Crescent City Connection bridge that spans the Mississippi River. Port NOLA gets federal funds to launch construction of mega-terminal Journal of Commerce
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