Monthly Archives for December 2022

Global air freight capacity oversupplied entering 2023 Whereas a shortage of capacity in major trades was the chief issue for air cargo providers over the past two years, the greatest challenge in 2023 will be a lack of demand. Global air freight capacity oversupplied entering 2023 Journal of Commerce

THE Alliance rolls out megaships in 2023 network update THE Alliance member Hapag-Lloyd says shippers can expect a “simplified” network in 2023, but that could mean larger ships, fewer services, and less transshipment. THE Alliance rolls out megaships in 2023 network update Journal of Commerce

Regulatory support missing in drive to scale up green fuel: Ørsted Danish power company Ørsted says policymakers must provide a regulatory environment that allows companies to commit to the huge investment required in developing shipping’s fuel of the future. Regulatory support missing in drive to scale up green fuel: Ørsted Journal of Commerce

US ports not prepared for next cargo surge: experts While congestion at US ports and inland hubs has eased significantly amid declining import volumes, stakeholders need to act now to ready themselves for the next cargo surge, supply chain experts say. US ports not prepared for next cargo surge: experts Journal of Commerce

Calmer supply chain waters beckon in 2023 As the US economy slows, logistics managers are searching not just for lower supply chain costs but a normalization of freight flows and networks, a level of stability and predictability that remains elusive. Calmer supply chain waters beckon in 2023 Journal of Commerce

Congress directs USDOT to prepare national maritime plan The National Defense Authorization Act for Fiscal Year 2023 requires the US Department of Transportation to make recommendations for how Congress can invest in and increase the resilience of the US marine transportation system. Congress directs USDOT to prepare national maritime plan Journal of Commerce

Intermodal volumes falling fast, rates to follow in 2023 Domestic intermodal volume suffered its worst November in seven years, which will put additional pressure on intermodal providers to provide concessions to shippers on contracts for 2023. Intermodal volumes falling fast, rates to follow in 2023 Journal of Commerce

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

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

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