Category Archives for Industry News

ILA says strike ‘more likely’ as contract deadline looms with no progress The president of the International Longshoremen’s Association said maritime employers “are running out of time” to sign a new contract before the current deal’s expiration on Sept. 30. ILA says strike ‘more likely’ as contract deadline looms with no progress Journal of Commerce

FMC wants Maersk, Hapag-Lloyd to provide more details on Gemini alliance The US maritime regulator said the initial information the two carriers filed with the agency about the operational partnership “lacks sufficient detail to allow for a complete analysis of its potential competitive impacts.” FMC wants Maersk, Hapag-Lloyd to provide more details on Gemini alliance […]

MSC returns to vehicle carrier market after 8 million Gram Car Carriers takeover The deal marks MSC’s return to the booming car carrier market that it exited in March 2023 when it sold its two vehicle carriers to focus on transporting vehicles in containers. MSC returns to vehicle carrier market after 8 million Gram Car […]

ONE becomes latest carrier to add capacity to Asia-Mexico lane The liner follows MSC, Cosco and CMA CGM in rolling out new services that cater to the growing container trade between China and Mexico. ONE becomes latest carrier to add capacity to Asia-Mexico lane Journal of Commerce

Maersk’s new Boeing freighter flies into China-Europe service The carrier wants a third of its air cargo volume to be handled within an owned and controlled network as part of its integrated logistics strategy. Maersk’s new Boeing freighter flies into China-Europe service Journal of Commerce

Slync founder Kirchner gets 20-year prison sentence for misuse of funds The former CEO of the now bankrupt logistics software vendor has landed in federal prison after a high-profile saga that began with Slync employees not getting paid for weeks in 2022. Slync founder Kirchner gets 20-year prison sentence for misuse of funds Journal of […]

Taiwan’s Big Three carriers post near-record H1 revenues amid soaring rates Ocean carriers have seen freight rates on key trans-Pacific and Asia-Europe trades double and triple since the start of the year amid a capacity crunch and supply chain disruptions. Taiwan’s Big Three carriers post near-record H1 revenues amid soaring rates Journal of Commerce

High ocean rates slam brakes on European imports of low-margin goods Some imports from Asia are being priced out of the market with container shipping costs on the westbound trade almost seven times higher than this time last year. High ocean rates slam brakes on European imports of low-margin goods Journal of Commerce

Software vendors eye ocean bookings as linchpin for broader digitization While the industry has focused on areas like tracking and quoting, advancements in booking technology portend new potential for digitizing containerized supply chains. Software vendors eye ocean bookings as linchpin for broader digitization Journal of Commerce

Asia-USWC spot rates edge lower as new capacity takes edge off overheated market Forwarders expect the rate decline to accelerate in the coming weeks after carriers launched or reinstated 10 services into the eastbound trans-Pacific. Asia-USWC spot rates edge lower as new capacity takes edge off overheated market Journal of Commerce