Category Archives for Industry News

Ocean carriers face two years of excess vessel capacity: Hapag-Lloyd CEO Hapag-Lloyd believes an increase in demand on east-west trades in the third quarter, together with rising carrier costs and IMO emissions rules, could mitigate the impact of surplus capacity flooding into the market. Ocean carriers face two years of excess vessel capacity: Hapag-Lloyd CEO […]

Top US Shippers: Supply chain bottlenecks put cork in US alcohol imports US imports of beer, wine and spirits could have been even stronger over the last two years if not for widespread supply chain disruptions stemming from the COVID-19 pandemic. Top US Shippers: Supply chain bottlenecks put cork in US alcohol imports Journal of […]

Battle joined over costs linked to detention/demurrage maneuvering The decision by ocean carriers to not charge per diem fees when gates are closed will result in money remaining in the pockets of importers and exporters rather than flowing to carriers and terminal operators — and anyone who thought that would happen without a fight is […]

Softer rates, long-term confidence provide mixed signals for MPV carriers Multipurpose and heavy-lift carriers expect short-term rate pain but a rising market further out, analysts say. Softer rates, long-term confidence provide mixed signals for MPV carriers Journal of Commerce

ONE becomes latest carrier to drop per diem fees at closed US marine terminals The change comes in advance of the FMC’s final rule on detention and demurrage billing that is due to be published in mid-June and has already generated pushback from marine terminal operators. ONE becomes latest carrier to drop per diem fees […]

Top US Shippers: US toy imports ‘normalizing’ after slipping from record 2022 Toy and game manufacturers front-loaded traditional holiday merchandise in 2022, resulting in an exceptional first half of the year followed by a weak fourth quarter that coincided with a broader decline in consumer spending. Top US Shippers: US toy imports ‘normalizing’ after slipping […]

Western Canadian ports missing out on USWC cargo diversions: analyst One might expect that Western Canadian ports have benefited from cargo bound for the US Midwest being diverted from the US West Coast to avoid potential labor disruption, but that has not been the case, notes analyst Larry Gross. Western Canadian ports missing out on […]

FMC adds oversight heft by naming first director of enforcement program Ex-DOJ advisor John Crews will oversee the FMC departments that investigate and prosecute a growing number of shipping complaints. FMC adds oversight heft by naming first director of enforcement program Journal of Commerce

Top US Shippers: Price inflation pulls the plug on surging US electronics imports Last year’s dip in electronics imports is a sign that US consumers were holding back on some discretionary purchases after two years of heightened spending during the COVID-19 pandemic. Top US Shippers: Price inflation pulls the plug on surging US electronics imports […]

Trans-Atlantic spot rates tumble on supply-demand imbalance While rates on the trans-Pacific and Asia-Europe trades may have hit bottom, there is still some way to go before head-haul trans-Atlantic prices reach pre-pandemic levels, but the gap is narrowing by the week. Trans-Atlantic spot rates tumble on supply-demand imbalance Journal of Commerce