Monthly Archives for August 2024

Capacity boost on trans-Pacific pushes carriers to compete for cargo Competition to fill ships in the eastbound trans-Pacific has become so intense in recent weeks that ocean carriers are offering a variety of special rates that are much lower than the spot rates they are quoting. Capacity boost on trans-Pacific pushes carriers to compete for […]

Restocking begins on trans-Atlantic ahead of potential labor disruptions The first signs of US importers beginning to advance shipments from Europe to get ahead of possible terminal closures along the US East and Gulf coasts at the end of September are being reported by carriers and forwarders. Restocking begins on trans-Atlantic ahead of potential labor […]

Ro/ro cargo rates rise despite falling demand Major roll-on/roll-off carriers reported climbing net rates in the first half even as demand for machinery and rolling stock faltered and a congested shipping market tightened capacity. Ro/ro cargo rates rise despite falling demand Journal of Commerce

Trans-Pacific rate push tests health of early peak season Carriers on Thursday announced general rate increases of $200 to $400 per FEU, although forwarders say the GRIs could deteriorate quickly due to options such as voyage-specific “bullet” rates and lower pricing offered by non-alliance carriers. Trans-Pacific rate push tests health of early peak season Journal […]

Potential strikes could upset muted trucking outlook Disruption to inland supply lanes and the location of truck capacity would be possible if rail and port strike threats prove real, analysts told a Journal of Commerce webcast. Potential strikes could upset muted trucking outlook Journal of Commerce

Ottawa rejects call to head off Canada rail work stoppage Canada’s labor minister said he won’t force binding arbitration between Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) and their main union, setting the stage for a lockout next week. Ottawa rejects call to head off Canada rail work stoppage Journal of Commerce

Transportation industry welcomes project cargo ‘reality check’ Project slowdowns ease pressure on heavy transport service providers and the breakbulk supply chain, injecting realism into schedules, but a buoyant outlook could mask signs of stress, executives say. Transportation industry welcomes project cargo ‘reality check’ Journal of Commerce

Transportion industry welcomes project cargo ‘reality check’ Project slowdowns ease pressure on heavy transport service providers and the breakbulk supply chain, injecting realism into schedules, but a buoyant outlook could mask signs of stress, executives say Transportion industry welcomes project cargo ‘reality check’ Journal of Commerce

Former Maersk Growth head targets EU, climate-focused startups with new fund A new $54.9 million fund has launched to support climate-focused logistics startups, a rare bright spot amid a larger pull-back in venture capital investment in the wider shipping industry. Former Maersk Growth head targets EU, climate-focused startups with new fund Journal of Commerce

Maersk adds nuclear power to its growing list of new fuel potentials After making significant investments in developing its methanol pathway over the past few years, and just a week after making a huge order for LNG-capable ships, the carrier is now looking into the feasibility of using nuclear energy in its vessels. Maersk adds […]