Monthly Archives for March 2023

APM plans to double container capacity at Rotterdam terminal APM said the new section of the terminal will operate with net-zero emissions and be fully automated and prepared for shore power installation. APM plans to double container capacity at Rotterdam terminal Journal of Commerce

Asia-USWC schedule reliability fell in February, bucking global trend Reliability on the world’s busiest trade lane, the trans-Pacific, remains well below the global average, with recent performance to the West Coast showing ongoing deterioration. Asia-USWC schedule reliability fell in February, bucking global trend Journal of Commerce

Dispute over restructuring between Yellow, Teamsters gets more strident Yellow calls Teamster complaints about its restructuring plans baseless and inaccurate, and urges “serious discussion” as accusations escalate. Dispute over restructuring between Yellow, Teamsters gets more strident Journal of Commerce

Cargo owners push for greater FMC regulation over rail storage fees NSAC says it supports reasonable detention and demurrage practices, but wants to correct “abuse” of the system by regulating that rail operators directly invoice ocean carriers for storage, not importers. Cargo owners push for greater FMC regulation over rail storage fees Journal of Commerce

Cosco reports billion profit for 2022, but outlook comes with ‘challenges’ A series of challenges lies ahead for the container shipping industry, but the effects of slowing demand and a surplus of capacity will be softened by a record financial performance in 2022. Cosco reports billion profit for 2022, but outlook comes with ‘challenges’ Journal […]

Cosco reports billion profit for 2022, but outlook darkens A series of challenges lies ahead for the container shipping industry, but the effects of slowing demand and a surplus of capacity will be softened by a record financial performance in 2022. Cosco reports billion profit for 2022, but outlook darkens Journal of Commerce

Forwarders raked in record revenues in 2022 despite H2 demand collapse Historic highs in global freight volumes and rates in the first half of last year helped insulate third-party logistics providers (3PLs) from a market collapse in the second half. Forwarders raked in record revenues in 2022 despite H2 demand collapse Journal of Commerce

Regulatory disconnect impeding progress on shipping decarbonization The pressure on regulators to put a price on carbon emissions is growing as carriers ramp up investments in zero-carbon ships, which make their brands appealing to environmentally conscious shippers but expose them to lower-cost competition. Regulatory disconnect impeding progress on shipping decarbonization Journal of Commerce

Terminal operators, Cosco join Saudi chemical shipper in eBL deal Data from eBLs issued via GSBN’s infrastructure will also be used to electronically release SABIC cargo at Hutchison and PSA terminals in Asia. Terminal operators, Cosco join Saudi chemical shipper in eBL deal Journal of Commerce

MSC joins carriers ending demurrage billing when US terminals are closed The fast-moving developments around changes to detention and demurrage billing are happening amid an ongoing rulemaking process by the FMC around the assessment of such charges to consignees and their drayage representatives. MSC joins carriers ending demurrage billing when US terminals are closed Journal of Commerce