Monthly Archives for May 2023

Hamburg Q1 volume drops as loss of Russia business bites Challenging economic conditions, compounded by sanctions against one of its largest trading partners, led to a sharp drop in first-quarter volumes at Europe’s third-busiest container port. Hamburg Q1 volume drops as loss of Russia business bites Journal of Commerce

Trans-Pac carriers showing flexibility in service contract negotiations: forwarders With import volumes sharply lower than last year, trans-Pacific carriers are being more flexible in filling requests for fixed-rate pricing and inland transportation bookings in 2023-24 service contracts, sources say. Trans-Pac carriers showing flexibility in service contract negotiations: forwarders Journal of Commerce

New emissions controls to drive surge in ship scrapping: BIMCO Virtually no ships have been scrapped in the past two years as high demand and port congestion kept all available capacity in use, but that is about to change significantly, according to the shipping association. New emissions controls to drive surge in ship scrapping: BIMCO […]

Top US Shippers: Component shortages putting brakes on auto export growth Global vehicle manufacturers are still recovering from widespread semiconductor shortages, while domestic automakers and body shops face ongoing delays in components ranging from rear suspensions to front bumpers. Top US Shippers: Component shortages putting brakes on auto export growth Journal of Commerce

BNSF to launch new Houston intermodal service in June The railroad will start a twice-weekly service to Dallas and once-weekly service to Denver, but no ocean carrier as yet is offering inland moves from Houston. BNSF to launch new Houston intermodal service in June Journal of Commerce

 Asia import volumes jumped in April as US shippers navigated GRIs Asian imports into the US reached their highest level since October 2022 as freight rates rose, but further import gains look unlikely as shippers take a wait-and-see approach to consumer demand.  Asia import volumes jumped in April as US shippers navigated GRIs Journal of […]

Ørsted to break ground on methanol plant to tackle shipping demand When operational in 2025, a plant in Sweden will be able to produce 50,000 tons of green methanol annually for the shipping industry, making it Europe’s largest methanol plant. Ørsted to break ground on methanol plant to tackle shipping demand Journal of Commerce

Top US Shippers: Plastic resin exports bounce back as supply chain pressures ease US exports of plastic resins rebounded in 2022 after an uncharacteristic decline in 2021, but increased production in China and an uncertain global economy could dampen demand this year. Top US Shippers: Plastic resin exports bounce back as supply chain pressures ease […]

ILWU, state of Maryland throw support to ILA in Leatherman case The International Longshoremen’s Association should be able to sue ocean carriers that do not abide by work preservation rules, according to several briefs filed in support of the union’s dispute involving jobs at the Port of Charleston’s new terminal. ILWU, state of Maryland throw […]

FLOW gains momentum with ‘give-to-get’ data-sharing model The growth in participation in FLOW is a signal that the private sector views the voluntary nature of the project as more amenable than governmental data-sharing mandates or legislation. FLOW gains momentum with ‘give-to-get’ data-sharing model Journal of Commerce