Monthly Archives for January 2023

Maersk inks new deals as decarbonization drive continues Decarbonizing its entire business by 2040 requires collaboration across Maersk’s global supply chain, pushing the carrier to sign partnerships in strategic areas to achieve its net-zero ambitions. Maersk inks new deals as decarbonization drive continues Journal of Commerce

New services, West Coast labor talks push NY-NJ into top US port spot The growth at the Port of New York and New Jersey was accompanied by persistent container and vessel backlogs and truck congestion, but volumes are expected to taper off in 2023. New services, West Coast labor talks push NY-NJ into top US […]

Europe string reinstates South India rotation after schedule disruptions The IEX service’s nine-vessel routing has experienced serious reliability challenges since early last year amid the pandemic-linked port flow turmoil. Europe string reinstates South India rotation after schedule disruptions Journal of Commerce

Plunge in trans-Pac rates, volumes sink Q4 revenues for Taiwan carriers Despite the fourth-quarter crash in revenues, all three Taiwan-based carriers still booked record revenues for the full year, suggesting they will report bumper profits for 2022. Plunge in trans-Pac rates, volumes sink Q4 revenues for Taiwan carriers Journal of Commerce

Domestic intermodal rail volumes likely to slip after 2022 uptick As consumer buying patterns return to a more normal mix of goods and services in 2023, domestic intermodal providers will have to find a way to fill a huge influx of boxes ordered during the pandemic. Domestic intermodal rail volumes likely to slip after 2022 […]

Zim wades into trade finance market with startup investment Zim has joined a growing group of companies that see potential in giving small importers and exporters access to digital finance tools through an investment in an Israel-based startup. Zim wades into trade finance market with startup investment Journal of Commerce

West Coast cargo bleed to continue until labor talks are resolved: stakeholders The West Coast’s share of US imports from Asia will continue to deteriorate in the first quarter and beyond until terminal operators and the International Longshore & Warehouse Union agree on a new contract, sources say. West Coast cargo bleed to continue until […]

Don’t confuse ocean market collapse with carrier weakness: analyst Despite the collapse in spot rates, ocean carriers are fundamentally in a stronger position than in the past, and shippers would be wise not to confuse a temporary downcycle with the liners’ structurally stronger long-term position, writes analyst Lars Jensen. Don’t confuse ocean market collapse with […]

Jaxport secures funding to raise power lines for Blount Island big ship calls The Port of Jacksonville said it has the estimated funding in place from the city and state of Florida to increase the air draft on its main ship channel to accommodate larger post-Panamax vessels. Jaxport secures funding to raise power lines for […]

USDA urges FMC to hone OSRA-22 export rules for ag shippers The Ocean Shipping Reform Act’s export provisions need further clarification to explain instances when US ag exports don’t get on a ship, the US Department of Agriculture said. USDA urges FMC to hone OSRA-22 export rules for ag shippers Journal of Commerce