Monthly Archives for April 2023

California ports to share million grant for new data portal California wants to give shippers a single view into freight operations at five state ports with a joint grant for those gateways to create a single data system that can provide visibility. California ports to share million grant for new data portal Journal of Commerce

Cosco Shipping confirms Q1 plunge in profits amid weakening demand Highlighting the fall in demand, total liftings at Cosco Shipping Lines and OOCL fell more than 10 percent in the first quarter, to 5.5 million TEU. Cosco Shipping confirms Q1 plunge in profits amid weakening demand Journal of Commerce

Savannah wins environmental clearance for new inland terminal The Georgia Ports Authority expects to begin construction on the roughly $170 million terminal in early 2024, which will have a focus on manufacturing imports and poultry exports. Savannah wins environmental clearance for new inland terminal Journal of Commerce

Service levels to determine success in reshaped Mexico-US intermodal market Beyond the dynamics of the new partnerships, intermodal providers acknowledge that generating fresh cross-border business will be important for long-term growth to fill new containers, but only if the price is right. Service levels to determine success in reshaped Mexico-US intermodal market Journal of Commerce

European green fuel regulations place airlines on notice There are concerns that the latest requirement could force the price of sustainable aviation fuel higher, which would be felt in the pockets of airline passengers and cargo shippers. European green fuel regulations place airlines on notice Journal of Commerce

No ‘green shoots’ of demand until at least mid-year: ONE’s Nixon High inventories, falling consumption in key markets and an influx of capacity from recovering supply chains pulled down fiscal year earnings at Ocean Network Express. No ‘green shoots’ of demand until at least mid-year: ONE’s Nixon Journal of Commerce

Boost in container ship capacity puts end to MPV spillover market Cargoes “unboxed” during the pandemic market are sliding back to container carriers on the hunt for volumes to fill their ships, while excess containers on MPV ships have disappeared. Boost in container ship capacity puts end to MPV spillover market Journal of Commerce

Changing of the guard in the works at BBC Chartering USA Tim Kopfensteiner will become president of MPV carrier BBC Chartering’s US operations following Per Petersen’s retirement later this year. Changing of the guard in the works at BBC Chartering USA Journal of Commerce

Recent GRI success hastens signing of 2023-24 trans-Pac service contracts When it became apparent the carriers’ recent GRI had succeeded in bumping up spot rates by several hundred dollars, sources say customers moved to sign their contracts out of concern that rates would only go higher the longer they waited. Recent GRI success hastens signing […]

USDOT opens 0 million in funding to cut emissions from port truck idling Funds will go to projects that focus on reducing emissions from port-related truck idling, particularly in communities adjacent to ports. USDOT opens 0 million in funding to cut emissions from port truck idling Journal of Commerce