Monthly Archives for July 2024

New Singapore berths opening as congestion, ship delays ease The opening of the first of three new container berths last week at the Tuas mega container terminal is part of a larger effort to shift operations away from the city center. New Singapore berths opening as congestion, ship delays ease Journal of Commerce

High-flying air cargo market heading for ‘hot’ peak season Shippers that have not yet arranged air freight capacity out of Asia for the fourth quarter could be in for an expensive ride, according to Xeneta. High-flying air cargo market heading for ‘hot’ peak season Journal of Commerce

Pandemic ‘wakeup call’ hones shipping for Red Sea disruption: CEVA CEO Shippers and carriers are better prepared to deal with large-scale disruptions following the supply chain chaos of the COVID-19 pandemic, according to CEVA Logistics CEO Mathieu Friedberg. Pandemic ‘wakeup call’ hones shipping for Red Sea disruption: CEVA CEO Journal of Commerce

Weak US manufacturing outlook is headwind for H2 truckload market recovery Demand fundamentals do not signal a substantial uptick in trucking volumes for the second half of the year, meaning a strong bull market pricing cycle will have to wait, writes analyst Jason Miller. Weak US manufacturing outlook is headwind for H2 truckload market recovery […]

TriumphPay targets market share milestone for growing payments network The company believes shippers will benefit from a payments network it has created to help brokers and carriers bill shippers accurately before an invoice is sent out. TriumphPay targets market share milestone for growing payments network Journal of Commerce

Capacity repositioning to east-west trades sends India-Middle East rates soaring NVO sources who spoke with the Journal of Commerce noted that carriers active on the regional trade lane have pulled tonnage out of the short-haul market for redeployment to China-centric longer-distance services. Capacity repositioning to east-west trades sends India-Middle East rates soaring Journal of Commerce

Loading worries drive early peak season frenzy on eastbound trans-Pacific Some shippers still raw from two years of pandemic disruption are willing to pay thousands of dollars more to ensure they secure slots and equipment on container ships, writes Journal of Commerce Executive Editor Mark Szakonyi. Loading worries drive early peak season frenzy on eastbound […]

CEVA integrating Bolloré, restructuring company to unlock product verticals The CMA CGM subsidiary is centralizing its organizational structure following a string of high-profile and expensive acquisitions, making use of its critical size in key product sectors. CEVA integrating Bolloré, restructuring company to unlock product verticals Journal of Commerce

Post-COVID market shocks challenge long-held container shipping truisms It was only when assets stopped circulating that ocean carrier profits took off, thanks to containers stranded on idle ships that lined up outside of congested ports during the worst of the pandemic disruption. Post-COVID market shocks challenge long-held container shipping truisms Journal of Commerce

Stehle to leave UHL and rejoin forwarder deugro as CCO After navigating the 2019 implosion of Zeamarine and the tumultuous pandemic spillover market with MPV carrier UHL, Stehle will rejoin the project forwarding side of the breakbulk shipping segment as chief commercial officer of the Swiss forwarder deugro. Stehle to leave UHL and rejoin forwarder […]