Monthly Archives for December 2022

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

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

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

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

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

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

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

Pilot project shows interoperability of eBL products The test was meant to demonstrate that different electronic bills of lading products can be used by various parties involved in the movement of a container, alleviating a nagging concern in the nascent evolution of eBLs. Pilot project shows interoperability of eBL products Journal of Commerce

Coming capacity injection clouds trans-Atlantic rate picture The trans-Atlantic is the “last trade standing” with rate levels still elevated, but that may soon change as carriers move ships from the rapidly weakening trades out of Asia to Europe-US routes. Coming capacity injection clouds trans-Atlantic rate picture Journal of Commerce

Industry urges FMC to streamline free-time billing in OSRA-linked rulemaking The US Federal Maritime Commission is poring over feedback about detention and demurrage billing practices from more than 100 industry stakeholders as the agency seeks to implement a key provision of OSRA-22. Industry urges FMC to streamline free-time billing in OSRA-linked rulemaking Journal of Commerce