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
Read More →Trans-Pacific rates settling at a shifting bottom: sources
on December 16, 2022in Industry News
Trans-Pacific rates settling at a shifting bottom: sources Carriers, forwarders, and shippers say there will be no pre-Lunar Year bump in rates because they expect US demand to remain weak while exports from China decline further. Trans-Pacific rates settling at a shifting bottom: sources Journal of Commerce
Read More →Carriers halt spot bookings from South China amid capacity crunch: forwarders
on December 16, 2022in Industry News
Carriers halt spot bookings from South China amid capacity crunch: forwarders China’s exports fell almost 9 percent in November, while carriers continue to pull significant levels of capacity on trans-Pacific and Asia-Europe services. Carriers halt spot bookings from South China amid capacity crunch: forwarders International Freight
Read More →Carriers on India trades face steepest rate slide since onset of downturn
on December 16, 2022in Industry News
Carriers on India trades face steepest rate slide since onset of downturn Capacity cuts and service realignments could be looming on trades out of India as carriers face an acceleration of recent rate declines. Carriers on India trades face steepest rate slide since onset of downturn Journal of Commerce
Read More →Fresh decline in US imports from Asia further hobbles trans-Pac trade
on December 15, 2022in Industry News
Fresh decline in US imports from Asia further hobbles trans-Pac trade The decline in US imports from Asia is expected to accelerate in the coming months as earlier-than-usual Lunar New Year factory shutdowns in China cause production to plummet. Fresh decline in US imports from Asia further hobbles trans-Pac trade Journal of Commerce
Read More →Bargain shoppers accelerate US retail inventory shift
on December 15, 2022in Industry News
Bargain shoppers accelerate US retail inventory shift As inflation-battered consumers shop for bargains, US retail discounters are expanding their distribution networks. Bargain shoppers accelerate US retail inventory shift Journal of Commerce
Read More →Global carbon pricing needed; shippers willing to pay: research reports
on December 15, 2022in Industry News
Global carbon pricing needed; shippers willing to pay: research reports Shipping’s transition to zero-carbon energy sources will be costly, but shippers are showing a growing willingness to pay to decarbonize their ocean transport supply chains. Global carbon pricing needed; shippers willing to pay: research reports Journal of Commerce
Read More →November air cargo slump extends peak season blues
on December 15, 2022in Industry News
November air cargo slump extends peak season blues The weakness in Asia’s air freight export markets continued through the traditionally strong month of November, with little prospect of an end-of-year boost in demand. November air cargo slump extends peak season blues Journal of Commerce
Read More →FMC checking carrier compliance with OSRA-22 anti-retaliation clause
on December 15, 2022in Industry News
FMC checking carrier compliance with OSRA-22 anti-retaliation clause The anti-retaliation provision was included in US shipping reform because some shippers have been hesitant to lodge complaints against carriers for fear of being blacklisted. FMC checking carrier compliance with OSRA-22 anti-retaliation clause Journal of Commerce
Read More →Wilmington looks to showcase potential for East Coast container trade
on December 14, 2022in Industry News
Wilmington looks to showcase potential for East Coast container trade North Carolina is looking to increase cargo flow at the Port of Wilmington, and recent announcements touting new distribution centers suggest others agree that the potential for growth exists. Wilmington looks to showcase potential for East Coast container trade Journal of Commerce
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