Category Archives for Industry News

CMA CGM rides strong first half to record profits in 2022 Even as demand headwinds buffet container lines, the CMA CGM Group posted record earnings in 2022 thanks to the lingering effects of the pandemic-fueled container market. CMA CGM rides strong first half to record profits in 2022 Journal of Commerce

US DOT opens .4 million in funding for maritime transportation projects The federal government says it’s looking to fund projects across the country that will help move goods, particularly in rural areas, and strengthen the country’s supply chain. US DOT opens .4 million in funding for maritime transportation projects Journal of Commerce

HMM’s two largest shareholders launch billion share sale The share sale would give the new owners management control over HMM, which has led to speculation only South Korean firms would be allowed to participate. HMM’s two largest shareholders launch billion share sale Journal of Commerce

Nothing extreme about current unpredictability in container shipping: analyst Demand has slumped, overcapacity is on its way, and a rate war is igniting in the trans-Pacific, but analyst Lars Jensen says those factors are perfectly normal amid the cyclical downturn under way in container shipping. Nothing extreme about current unpredictability in container shipping: analyst Journal […]

Journal of Commerce Rankings: Top 25 truckload carriers saw big revenue gains in 2022 The last two years were highly profitable for the largest US truckload carriers, but 2023 promises to be a tougher time, as rates and volumes decline. Journal of Commerce Rankings: Top 25 truckload carriers saw big revenue gains in 2022 Journal […]

TPM23: Carrier reliability, cargo flow expected to show gains in 2023 Although surprised by the magnitude of the January drop in vessel on-time arrivals in the trans-Pacific, analysts expect carrier performance to improve this year. TPM23: Carrier reliability, cargo flow expected to show gains in 2023 Journal of Commerce

Breakbulk sector ‘sitting on structural overcapacity’: Dynamar While market indicators such as relatively high charter rates and a strong demand outlook are promising, the Netherlands-based maritime consultancy says the stability of the breakbulk market is by no means guaranteed. Breakbulk sector ‘sitting on structural overcapacity’: Dynamar Journal of Commerce

TPM23: Intermodal providers banking on transloading surge Transloading is gaining popularity even as US imports have cooled in recent months, but shippers should weigh the pros and cons of transferring ocean containers into domestic boxes, TPM23 attendees were told. TPM23: Intermodal providers banking on transloading surge Journal of Commerce

TPM23: Container shipping readies for overcapacity-driven volatility From China to West Coast labor talks to the possibility of a rate war, a number of major factors weighed heavily on trans-Pacific service contract discussions taking place on the sidelines of TPM23. TPM23: Container shipping readies for overcapacity-driven volatility Journal of Commerce

TPM23: Ocean Alliance could be next domino to fall after 2M: analyst Cosco Shipping’s large orderbook and decreasing market share make it more likely to go after customers of its Ocean Alliance partners, analyst Lars Jensen told TPM23. TPM23: Ocean Alliance could be next domino to fall after 2M: analyst Journal of Commerce