Carriers implement sailing cuts amid berth work at India’s JNPT On top of erratic berth availability at JNPT, ocean carriers have received a cost escalation blow with India’s national port regulator approving significant tariff hikes at two key terminals. Carriers implement sailing cuts amid berth work at India’s JNPT Journal of Commerce
Read More →CMA CGM air cargo deal with Air France-KLM takes off
on April 3, 2023in Industry News
CMA CGM air cargo deal with Air France-KLM takes off The 10-year partnership between Air France-KLM and CMA CGM will dramatically expand the available air cargo capacity and global network of the France-based fleet. CMA CGM air cargo deal with Air France-KLM takes off Journal of Commerce
Read More →Shipper savings to rocket in 2023 at expense of carrier profits: analysts
on April 3, 2023in Industry News
Shipper savings to rocket in 2023 at expense of carrier profits: analysts The normalization of container shipping markets on the major trade lanes out of Asia will slash carrier profits this year, but falling rate levels will also yield significant savings for shippers. Shipper savings to rocket in 2023 at expense of carrier profits: analysts […]
Read More →Shipping reform would not have prevented pandemic-era disruption: analyst
on April 3, 2023in Industry News
Shipping reform would not have prevented pandemic-era disruption: analyst While it may be easy to understand the desire to fix container shipping’s perceived problems with government intervention, no amount of reform would have prevented the shortage of capacity or record freight rates during the pandemic disruption, writes analyst Lars Jensen. Shipping reform would not have […]
Read More →APM plans to double container capacity at Rotterdam terminal
on March 31, 2023in Industry News
APM plans to double container capacity at Rotterdam terminal APM said the new section of the terminal will operate with net-zero emissions and be fully automated and prepared for shore power installation. APM plans to double container capacity at Rotterdam terminal Journal of Commerce
Read More →Asia-USWC schedule reliability fell in February, bucking global trend
on March 31, 2023in Industry News
Asia-USWC schedule reliability fell in February, bucking global trend Reliability on the world’s busiest trade lane, the trans-Pacific, remains well below the global average, with recent performance to the West Coast showing ongoing deterioration. Asia-USWC schedule reliability fell in February, bucking global trend Journal of Commerce
Read More →Dispute over restructuring between Yellow, Teamsters gets more strident
on March 31, 2023in Industry News
Dispute over restructuring between Yellow, Teamsters gets more strident Yellow calls Teamster complaints about its restructuring plans baseless and inaccurate, and urges “serious discussion” as accusations escalate. Dispute over restructuring between Yellow, Teamsters gets more strident Journal of Commerce
Read More →Cargo owners push for greater FMC regulation over rail storage fees
on March 31, 2023in Industry News
Cargo owners push for greater FMC regulation over rail storage fees NSAC says it supports reasonable detention and demurrage practices, but wants to correct “abuse” of the system by regulating that rail operators directly invoice ocean carriers for storage, not importers. Cargo owners push for greater FMC regulation over rail storage fees Journal of Commerce
Read More →Cosco reports $19 billion profit for 2022, but outlook comes with 'challenges'
on March 31, 2023in Industry News
Cosco reports billion profit for 2022, but outlook comes with ‘challenges’ A series of challenges lies ahead for the container shipping industry, but the effects of slowing demand and a surplus of capacity will be softened by a record financial performance in 2022. Cosco reports billion profit for 2022, but outlook comes with ‘challenges’ Journal […]
Read More →Cosco reports $19 billion profit for 2022, but outlook darkens
on March 31, 2023in Industry News
Cosco reports billion profit for 2022, but outlook darkens A series of challenges lies ahead for the container shipping industry, but the effects of slowing demand and a surplus of capacity will be softened by a record financial performance in 2022. Cosco reports billion profit for 2022, but outlook darkens Journal of Commerce
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