Category Archives for Industry News

Container lines charter breakbulk tonnage, pushing up rates Multipurpose vessel (MPV) charter rates are rising as tight capacity due to diversions away from the Red Sea, port congestion and higher spot rates prompt shippers to shift containerized cargo to MPVs. Container lines charter breakbulk tonnage, pushing up rates Journal of Commerce

ILWU Canada illegal strike ruling averts Vancouver shutdown Maritime employers at the Port of Vancouver prevailed at a last-minute federal hearing over a strike vote that longshore foremen took against DP World. ILWU Canada illegal strike ruling averts Vancouver shutdown Journal of Commerce

Small Mexican domestic intermodal market sees big growth Mexico’s domestic intermodal market is benefiting from the relatively new “near-shoring” trend, writes intermodal analyst Lawrence Gross. Small Mexican domestic intermodal market sees big growth Journal of Commerce

US court orders FMC to review Evergreen demurrage ruling An appellate court ruled the US Federal Maritime Commission erred when it solely applied its “incentive principle” to a detention case involving container carrier Evergreen Line. US court orders FMC to review Evergreen demurrage ruling Journal of Commerce

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