Red Sea rerouting to raise ocean rates, absorb capacity: analysts While moves to send ships around Africa in response to the Red Sea attacks may be driven by safety concerns, the rate hikes that will accompany the emergency action will be welcomed by carriers in the loss-making trade lane. Red Sea rerouting to raise ocean […]
Read More →Red Sea rerouting to raise ocean rates, absorb capacity: analysts
on December 18, 2023in Industry News
MSC expands Indian container terminal play with Adani Group deal
on December 18, 2023in Industry News
MSC expands Indian container terminal play with Adani Group deal Acquiring a terminal stake at Ennore in southern India builds on MSC’s existing 50:50 terminal joint venture with Adani at Mundra Port. MSC expands Indian container terminal play with Adani Group deal Journal of Commerce
Read More →Container lines await Red Sea naval protection as they divert from Suez
on December 17, 2023in Industry News
Container lines await Red Sea naval protection as they divert from Suez Expectations that the US Navy will step up maritime protection in the Red Sea following an increasing number of attacks on commercial shipping hasn’t stopped carriers from routing services away from the Suez Canal. Container lines await Red Sea naval protection as they […]
Read More →Panama Canal restrictions, Suez attacks kickstart West Coast cargo shift
on December 15, 2023in Industry News
Panama Canal restrictions, Suez attacks kickstart West Coast cargo shift A slower than anticipated shift of cargo back to the West Coast since ratification of the coastwide labor contract could accelerate in the coming months due to restrictions at the Panama Canal and this week’s hostilities involving container ships in the Red Sea, which could […]
Read More →Retailers retooling supply chains amid lower demand, excess capacity
on December 15, 2023in Industry News
Retailers retooling supply chains amid lower demand, excess capacity As conditions normalize, US retailers such as Dollar General are cutting unneeded resources, including temporary warehousing, while reinforcing their core business. Retailers retooling supply chains amid lower demand, excess capacity Journal of Commerce
Read More →Jacksonville port area sees record industrial warehouse leasing
on December 15, 2023in Industry News
Jacksonville port area sees record industrial warehouse leasing Retailers and e-commerce merchants leased 3.7 million square feet of warehousing and distribution space near the Port of Jacksonville in the third quarter, a record for Jacksonville’s industrial market. Jacksonville port area sees record industrial warehouse leasing Journal of Commerce
Read More →Hapag-Lloyd vessel hit in Red Sea 'choke point’
on December 15, 2023in Industry News
Hapag-Lloyd vessel hit in Red Sea ‘choke point’ The container ship was struck by a projectile while transiting the narrow strait linking the Gulf of Aden and the Red Sea that at barely 13 nautical miles wide leaves vessels vulnerable to attacks by militants on speedboats launched from Yemen. Hapag-Lloyd vessel hit in Red Sea […]
Read More →US retailers increase import forecast amid expectations for ‘record’ holiday sales
on December 14, 2023in Industry News
US retailers increase import forecast amid expectations for ‘record’ holiday sales A strong Black Friday and Cyber Monday, coupled with rosy sales expectations, are spurring US retailers to boost their import forecasts for early 2024, according to the National Retail Federation. US retailers increase import forecast amid expectations for ‘record’ holiday sales Journal of Commerce
Read More →Crew, vessel safe after Maersk container ship targeted in latest Red Sea attack
on December 14, 2023in Industry News
Crew, vessel safe after Maersk container ship targeted in latest Red Sea attack Attacks have intensified since the end of last month when Iran-backed Houthi rebels began indiscriminately targeting ships sailing in the Red Sea near Yemen, leading some operators to avoid sailing in the area. Crew, vessel safe after Maersk container ship targeted in […]
Read More →Congress urged to pass legislation quickly for harbor navigational projects
on December 14, 2023in Industry News
Congress urged to pass legislation quickly for harbor navigational projects The Water Resources Development Act, which provides funding for deepening and widening projects at US ports, has no set timeline to be implemented and stakeholders worry the delay will hinder critical work. Congress urged to pass legislation quickly for harbor navigational projects Journal of Commerce
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