Norden aims to diversify cargo base with MPV acquisition Norden is looking to capitalize on an expected strong project and breakbulk market with the purchase of Denmark-based multipurpose vessel (MPV) operator Thorco Projects. Norden aims to diversify cargo base with MPV acquisition Journal of Commerce
Read More →First new chassis arrive for new South Atlantic pool
on June 1, 2023in Industry News
First new chassis arrive for new South Atlantic pool The first chassis for a new equipment pool covering the ports of Jacksonville, Savannah, and Wilmington, NC, arrived this week, the first step ahead of an October launch. First new chassis arrive for new South Atlantic pool Journal of Commerce
Read More →Carrier decarbonization business case flawed: Seaspan
on June 1, 2023in Industry News
Carrier decarbonization business case flawed: Seaspan The lack of security around the supply of alternative fuels in a highly fragmented market will undermine ocean carrier efforts to decarbonize the industry, according to the world’s largest container ship owner. Carrier decarbonization business case flawed: Seaspan Journal of Commerce
Read More →First massive offshore wind tower sections delivered to Massachusetts port
on June 1, 2023in Industry News
First massive offshore wind tower sections delivered to Massachusetts port Vineyard Wind is one of the first commercial-scale offshore wind projects under construction in the US and at completion will generate some 800 megawatts of power. First massive offshore wind tower sections delivered to Massachusetts port Journal of Commerce
Read More →Norfolk Southern eases free time, demurrage restrictions on ocean boxes
on May 31, 2023in Industry News
Norfolk Southern eases free time, demurrage restrictions on ocean boxes The railroad is reducing demurrage fees and restoring additional free time that was eliminated in the past two years as international intermodal volumes have fallen sharply from East Coast ports Norfolk Southern eases free time, demurrage restrictions on ocean boxes Journal of Commerce
Read More →No clear link between slow-steaming, schedule reliability: analyst
on May 31, 2023in Industry News
No clear link between slow-steaming, schedule reliability: analyst Slow-steaming has come to the fore of late as ocean carriers seek help in absorbing overcapacity, but analyst Lars Jensen says the common refrain that slower speeds also help to improve schedule reliability doesn’t hold water. No clear link between slow-steaming, schedule reliability: analyst Journal of Commerce
Read More →Large US truckload carriers reined in capacity in Q1: Journal of Commerce index
on May 31, 2023in Industry News
Large US truckload carriers reined in capacity in Q1: Journal of Commerce index An index based on truck counts at large truckload carriers dropped nearly 5% in the first quarter from late 2022 as those carriers adjusted to a softer market and lower contract and spot rates. Large US truckload carriers reined in capacity in Q1: Journal of Commerce […]
Read More →Weaker ocean rates, China sourcing shift drive rise in LCL shipments
on May 31, 2023in Industry News
Weaker ocean rates, China sourcing shift drive rise in LCL shipments An emerging trend of sending smaller shipments more frequently is leading to growing demand for LCL services across the major trade lanes. Weaker ocean rates, China sourcing shift drive rise in LCL shipments Journal of Commerce
Read More →New UP intermodal service from Houston to provide West Coast reach
on May 30, 2023in Industry News
New UP intermodal service from Houston to provide West Coast reach Union Pacific’s launch of direct intermodal service from Houston comes two weeks after competitor BNSF announced it would begin a new service from the port’s Barbours Cut marine terminal. New UP intermodal service from Houston to provide West Coast reach Journal of Commerce
Read More →Hong Kong struggles to recover volumes lost amid South China cargo shift
on May 30, 2023in Industry News
Hong Kong struggles to recover volumes lost amid South China cargo shift Shippers and port executives say the post-COVID shift of cargo back to Hong Kong is being hampered by the global slump in demand as developed countries grapple with elevated inventories and inflationary pressures. Hong Kong struggles to recover volumes lost amid South China […]
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