Monthly Archives for August 2024

Disruptions, tight capacity boost quarterly MPV sentiment index The latest iteration of the multipurpose sentiment index reveals short-term optimism and little relief in sight for longer-term capacity pressures. Disruptions, tight capacity boost quarterly MPV sentiment index Journal of Commerce

Maersk hikes full-year profit forecast by billion, ups volume outlook Despite reporting lukewarm second-quarter results, the carrier is expecting disrupted supply chains and strong demand to boost its annual financial result. Maersk hikes full-year profit forecast by billion, ups volume outlook Journal of Commerce

Panama Canal transits rise to almost normal levels as expansion work begins The move to increase ship traffic comes as canal officials have started talks with some of the inhabitants who will be affected by the $1.6 billion project to expand the canal’s water catchment, including construction of the Rio Indio reservoir. Panama Canal transits […]

No sign of slowdown in ongoing air cargo ‘peak season’ Not even the widespread disruption to global aviation from the Microsoft IT outage in mid-July could derail resurgent air freight markets. No sign of slowdown in ongoing air cargo ‘peak season’ Journal of Commerce

Raise fossil fuel price to spur demand, investment in green alternatives: WSC The container shipping lobby group believes higher costs levied on users of conventional bunkers is vital for the energy transition that requires multi-billion-dollar investments by fuel producers. Raise fossil fuel price to spur demand, investment in green alternatives: WSC Journal of Commerce

Nervous US shippers have few options in the face of port strike threat As the clock ticks down toward the expiration of ILA’s current contract, the window for frontloading to the East and Gulf coasts is closing and there’s limited potential for diversions through Canada and Mexico, writes Journal of Commerce Executive Editor Mark Szakonyi. […]