ZIM expects EBIT loss up to 0 million in revised 2023 guidance, citing soft rates The carrier’s CEO said the company would continue to “actively manage and rationalize” its fleet and services during the current downturn in the global shipping market. ZIM expects EBIT loss up to 0 million in revised 2023 guidance, citing soft […]
Read More →ZIM expects EBIT loss up to $500 million in revised 2023 guidance, citing soft rates
on July 13, 2023in Industry News
Fewer empty imports reconfigure Indian containerized trade patterns
on July 13, 2023in Industry News
Fewer empty imports reconfigure Indian containerized trade patterns The new trade pattern reflects in large part a sharp drop in empty equipment imports amid weakening demand conditions, rather than sustained export trade, industry observers say. Fewer empty imports reconfigure Indian containerized trade patterns Journal of Commerce
Read More →DHL to invest $551 million to expand presence in Latin America
on July 13, 2023in Industry News
DHL to invest 1 million to expand presence in Latin America DHL will spend hundreds of millions of dollars in the region over the next five years as the company targets customers looking to globalize their business and diversify sourcing. DHL to invest 1 million to expand presence in Latin America Journal of Commerce
Read More →Evergreen confirms orders for 24 methanol-ready container ships
on July 12, 2023in Industry News
Evergreen confirms orders for 24 methanol-ready container ships The ships add to the growing order backlog of methanol-powered container ships that currently total at least 100 vessels, equivalent to around 12% of vessels on order, according to ship brokers. Evergreen confirms orders for 24 methanol-ready container ships Journal of Commerce
Read More →Canada’s Minister of Labour intervenes in bid to end dockworker strike
on July 12, 2023in Industry News
Canada’s Minister of Labour intervenes in bid to end dockworker strike If ILWU Canada or longshore employers reject the recommendations of a federal mediator, the next step will be for the Canadian government to reconvene Parliament, which is on summer recess, to address the situation. Canada’s Minister of Labour intervenes in bid to end dockworker […]
Read More →Cargo recovery along USWC began prior to tentative labor deal: analyst
on July 12, 2023in Industry News
Cargo recovery along USWC began prior to tentative labor deal: analyst The doom and gloom regarding cargo diverted away from the US West Coast during recent labor strife may have been excessive, as importers are not eager to permanently adopt higher-cost routings when a reliable lower-cost option with reasonable service exists, writes analyst Larry Gross. […]
Read More →ILA Charleston protest aims to up ante on expanded work jurisdiction
on July 12, 2023in Industry News
ILA Charleston protest aims to up ante on expanded work jurisdiction The International Longshoremen’s Association says it is willing to wait as long as it takes to control the jobs it believes belong to the union at South Carolina’s new Leatherman terminal. ILA Charleston protest aims to up ante on expanded work jurisdiction Journal of […]
Read More →ILA’s Charleston protest meant to send warning on Savannah’s terminal expansion
on July 12, 2023in Industry News
ILA’s Charleston protest meant to send warning on Savannah’s terminal expansion The International Longshoremen’s Association says it is willing to wait as long as it takes to control the jobs it believes belong to the union at South Carolina’s new Leatherman terminal. ILA’s Charleston protest meant to send warning on Savannah’s terminal expansion Journal of […]
Read More →Wholesale weakness slowing US inventory destocking, freight demand
on July 12, 2023in Industry News
Wholesale weakness slowing US inventory destocking, freight demand US businesses may have passed the inventory peak, but data shows stockpiles remain high, and a weak wholesale retail market is depressing imports and surface freight shipments. Wholesale weakness slowing US inventory destocking, freight demand Journal of Commerce
Read More →Western Canada dockworker strike disrupting billions in trade: employers
on July 11, 2023in Industry News
Western Canada dockworker strike disrupting billions in trade: employers With the strike by ILWU Canada now in its 11th day, some C$7.5 billion in Canadian imports and exports has been compromised thus far, the British Columbia Maritime Employers Association says. Western Canada dockworker strike disrupting billions in trade: employers Journal of Commerce
Read More →Recent Posts
-
Failed electrical breaker triggered Dali crash: NT…
Failed electrical breaker triggered Dali crash: NT…
-
Port NOLA CEO stepping down amid major expansion…
Port NOLA CEO stepping down amid major expansion…
-
Trans-Pacific carriers slashing NVO allocations as…
Trans-Pacific carriers slashing NVO allocations as…
-
Gap between US LTL, truckload pricing growing…
Gap between US LTL, truckload pricing growing…
-
Maersk’s new Rotterdam cross-dock speeds integrato…
Maersk’s new Rotterdam cross-dock speeds integrato…