Monthly Archives for July 2023

US House bills keep shipping reform effort alive even after freight rate plunge Although there remain multiple obstacles to further legislation being signed into law, bipartisan support that shipping reform attracted in 2021 and 2022 has led to a situation in which certain additional provisions stand at least a 50-50 chance of being enacted this […]

Knight-Swift commits to LTL expansion amid soft truckload demand The largest US truckload operator will continue to add terminals to its LTL network as it absorbs truckload carrier U.S. Xpress. Knight-Swift commits to LTL expansion amid soft truckload demand Journal of Commerce

Strategic investment underpins ONE’s ‘sustainable profitability’ target: Nixon The Singapore-based carrier’s multi-billion-dollar investment plan into terminals, new ships and decarbonization is meant to secure the right assets in the right areas to keep it in the black. Strategic investment underpins ONE’s ‘sustainable profitability’ target: Nixon Journal of Commerce

Singapore port body joins cross-industry decarbonization alliance Deeper public-private sector collaboration between global maritime industry players and the MPA will unlock key investments across the Indian and Pacific oceans, Lloyd’s Register believes. Singapore port body joins cross-industry decarbonization alliance Journal of Commerce

Trans-Pacific services get reworked as freight downturn continues Ocean carriers are pulling a variety of levers such as cancelled services, new port calls and slow steaming to keep ships on the water in the face of weak demand. Trans-Pacific services get reworked as freight downturn continues Journal of Commerce

Impact of BC port strike could deepen without Ottawa’s intervention The strike by ILWU Canada, which entered its sixth day Thursday, is expected to have an increasing impact on Canada’s trans-Pacific trades if it drags into next week and beyond. Impact of BC port strike could deepen without Ottawa’s intervention Journal of Commerce

Japan’s Nagoya port resumes cargo handling operations after ransomware attack Ocean Network Express said container operations on three vessels were affected by the disruption, but that loading and unloading had now been completed. Japan’s Nagoya port resumes cargo handling operations after ransomware attack Journal of Commerce

‘Nasty’ air cargo market puts forwarders under pressure: Xeneta Weak demand from key regions in an air freight industry awash with excess capacity is forcing forwarders with block space agreements to fend off aggressive pricing policies by rivals. ‘Nasty’ air cargo market puts forwarders under pressure: Xeneta Journal of Commerce

Ocean carriers in Europe facing multi-billion-dollar emissions price tag While the International Maritime Organization battles to reach agreement on a global carbon levy, the huge cost of compliance with Europe’s market-based carbon levies is becoming clearer. Ocean carriers in Europe facing multi-billion-dollar emissions price tag Journal of Commerce

Carriers in Europe facing multi-billion-dollar emissions price tag While the International Maritime Organization battles to reach agreement on a global carbon levy, the huge cost of compliance with Europe’s market-based carbon levies is becoming clearer. Carriers in Europe facing multi-billion-dollar emissions price tag Journal of Commerce