Monthly Archives for May 2023

High utilization spurs Zim to upsize Asia-USEC vessels The Israel-based carrier is adding larger ships powered by liquefied natural gas to the Asia-US East Coast trade to capture sustained demand and lower unit costs. High utilization spurs Zim to upsize Asia-USEC vessels Journal of Commerce

Top 100 Importer/Exporter Rankings: US trade flows returning to pre-pandemic patterns This latest annual Journal of Commerce Top 100 Importer and Exporter rankings underscore the impact of softer US and global economies that depressed demand for goods domestically and abroad, weakening consumer confidence and high inflation, and a major shift in the timing of imports […]

Late US produce season boosting spot reefer truckload rates  Pricing for refrigerated (reefer) truckload service is shooting up along the US-Mexico border and outbound from California, in some cases by more than 20 cents per mile from April’s averages, as fruit and vegetable crops start moving to market. Late US produce season boosting spot reefer […]

Wan Hai adds new India-US transshipment option via Colombo Taiwan-based Wan Hai is adding a call to Colombo, a busy transshipment hub for Indian exporters, on its AA7 loop between Asia with the US East Coast. Wan Hai adds new India-US transshipment option via Colombo Journal of Commerce

Zim reports first loss since early 2020 A deteriorating container shipping market made the first quarter one to forget for the Israel-based carrier, but its full-year outlook remains positive. Zim reports first loss since early 2020 Journal of Commerce

Top US Shippers: Recyclables export decline continues as environmental restrictions tighten Price volatility, economic uncertainty and China’s ongoing efforts to keep adulterated scrap products out of the country held back US exports of recyclable materials for the third straight year in 2022. Top US Shippers: Recyclables export decline continues as environmental restrictions tighten Journal of […]

Pandemic-induced trailer dislocation still hampering US truckload carriers Trailer marketplace technology provider vHub estimates a quarter of truckload trailers are out of network for the nation’s carriers, with an abrupt shift in demand exacerbating that dislocation. Pandemic-induced trailer dislocation still hampering US truckload carriers Journal of Commerce

Top US Shippers: Home construction decline drags down HHG import demand A decrease in US housing construction from the fever pitch seen during the COVID-19 pandemic is reducing demand for imports of furniture, appliances and other household goods. Top US Shippers: Home construction decline drags down HHG import demand Journal of Commerce

ONE agrees to pay .7 million fine in detention/demurrage case: FMC The carrier will pay the penalty to avoid the Federal Maritime Commission launching a formal investigation into whether it violated US detention and demurrage shipping laws. ONE agrees to pay .7 million fine in detention/demurrage case: FMC Journal of Commerce

Oakland’s Howard Terminal eyes redevelopment after ballpark proposal strikes out With a proposed baseball stadium at the terminal location off the table, the Port of Oakland is considering options to expand maritime support activities at the 50-acre site to complement overall growth at the port. Oakland’s Howard Terminal eyes redevelopment after ballpark proposal strikes out […]