OOCL’s first-quarter volume gains offset by falling rates Ocean carriers have yet to report their Q1 financial results, but the operational update by OOCL is a clear indication that the global supply-demand imbalance remains a challenge. OOCL’s first-quarter volume gains offset by falling rates Journal of Commerce
Read More →Boost in US demand pushes trans-Atlantic Q1 volumes to pre-pandemic levels
on April 12, 2024in Industry News
Boost in US demand pushes trans-Atlantic Q1 volumes to pre-pandemic levels Firm growth in imports from Europe in the first quarter has lifted rates to more sustainable levels for carriers as the trans-Atlantic trade lane appears to have finally turned the page on a dismal 2023. Boost in US demand pushes trans-Atlantic Q1 volumes to […]
Read More →Hong Kong’s competitiveness takes another hit with revamp of alliance connectivity
on April 12, 2024in Industry News
Hong Kong’s competitiveness takes another hit with revamp of alliance connectivity But the port has an action plan in place to win back business, including development of a green bunkering hub, digitizing port operations and boosting multimodal connections. Hong Kong’s competitiveness takes another hit with revamp of alliance connectivity Journal of Commerce
Read More →Economic indicators point to slow growth in US freight demand
on April 11, 2024in Industry News
Economic indicators point to slow growth in US freight demand A rebound in the US Freight Transportation Services Index is the latest of several indicators pointing to stronger seasonal freight activity, but excess capacity is diluting the impact of demand. Economic indicators point to slow growth in US freight demand Journal of Commerce
Read More →South Korea plans $4 billion program to double container ship capacity
on April 11, 2024in Industry News
South Korea plans billion program to double container ship capacity The government’s latest move to increase the size of the national fleet has reportedly led HMM to reevaluate its own five-year expansion plan to invest around $11 billion, including funds for new vessels. South Korea plans billion program to double container ship capacity Journal of […]
Read More →India-US ocean rates continue steady retreat from Red Sea-induced boost
on April 11, 2024in Industry News
India-US ocean rates continue steady retreat from Red Sea-induced boost Still, more capacity is on the way for India-US shippers, with Ocean Network Express due to start its new West India-USEC standalone connection in late May. India-US ocean rates continue steady retreat from Red Sea-induced boost Journal of Commerce
Read More →NWSA unveils incentive program to boost carrier, rail and terminal performance
on April 11, 2024in Industry News
NWSA unveils incentive program to boost carrier, rail and terminal performance The $11 million program that seeks to boost schedule reliability and volumes comes as the Seattle-Tacoma gateway saw its share of US imports from Asia decline year over year in February. NWSA unveils incentive program to boost carrier, rail and terminal performance Journal of […]
Read More →US import surge comes amid restocking, but puts port fluidity in the crosshairs
on April 11, 2024in Industry News
US import surge comes amid restocking, but puts port fluidity in the crosshairs The import strength goes beyond restocking, showing the impact of a recovery in housing and the US manufacturing resurgence, writes Peter Tirschwell. US import surge comes amid restocking, but puts port fluidity in the crosshairs Journal of Commerce
Read More →Spectacle of shipping disruptions overshadows manageable impact to cargo
on April 10, 2024in Industry News
Spectacle of shipping disruptions overshadows manageable impact to cargo The shipping industry’s ability to overcome physical disruptions such as the Port of Baltimore’s closure shouldn’t lull it into complacency because growing geopolitical threats could provide new obstacles that can’t be as easily managed, writes Journal of Commerce Executive Editor Mark Szakonyi. Spectacle of shipping disruptions […]
Read More →Spectacle of shipping disruptions overshadows manageable impact to cargo flow
on April 10, 2024in Industry News
Spectacle of shipping disruptions overshadows manageable impact to cargo flow The shipping industry’s ability to overcome physical disruptions such as the Port of Baltimore’s closure shouldn’t lull it into complacency because growing geopolitical threats could provide new obstacles that can’t be as easily managed, writes Journal of Commerce Executive Editor Mark Szakonyi. Spectacle of shipping […]
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