Category Archives for Industry News

Carriers AAL, BBC expand MPV, heavy-lift fleets with new orders, deliveries The moves come as the project cargo market is set to continue its growth trajectory, supported by key sectors such as oil and gas and mining. Carriers AAL, BBC expand MPV, heavy-lift fleets with new orders, deliveries Journal of Commerce

Container shipping entering a ‘precarious balancing act’: analyst The current market situation – amid the Red Sea crisis, growing port congestion and a sudden rise in demand — is similar to the early parts of the pandemic, where insufficient capacity led to the largest rate increases the industry has ever seen, writes Lars Jensen. Container […]

Strong demand, port congestion pushes intra-Asia rates to 30-month highs Carriers and forwarders say intra-Asia volumes are growing as long-haul ocean carriers redeploy vessels and omit calls on regional trades to bolster mainline east-west services. Strong demand, port congestion pushes intra-Asia rates to 30-month highs Journal of Commerce

Cosco joins ONE’s India-USEC string amid weakening rates from overcapacity The Chinese liner has reached a deal to acquire slot space on the WIN vessels, which local forwarder sources said began with the San Diego Bridge due to have arrived in Nhava Sheva Port on May 19. Cosco joins ONE’s India-USEC string amid weakening rates […]

SC Ports resumes most operations, but recovery just beginning Truckers working the Charleston market say it could take a week or longer to cut through the backlog of containers that didn’t move while terminal gates were shut for the better part of two days. SC Ports resumes most operations, but recovery just beginning Journal of […]

Flexport hit with second FMC billing complaint this month A legal battle over unpaid detention and demurrage bills between the forwarder and importer Giti Tire has now moved to US maritime regulators. Flexport hit with second FMC billing complaint this month Journal of Commerce

Carrier Zim swings back to Q1 profit on volume, pricing strength The carrier credits new chartered capacity and container equipment investments for allowing it to handle the higher-than-expected volume growth this year as Red Sea diversions challenge industry bandwidth. Carrier Zim swings back to Q1 profit on volume, pricing strength Journal of Commerce

Annual contract talks offer up new twist in carrier-forwarder relationships In the recently completed annual negotiating round, trans-Pacific carriers slashed, or in some cases eliminated, the access of forwarders to fixed-rate bookings for accounts whose identity they disclose. Annual contract talks offer up new twist in carrier-forwarder relationships Journal of Commerce

Shippers fight for allocations as early peak season hits Asia-Europe The peak season typically runs from June to September, but unseasonally strong demand is placing capacity under mounting pressure and driving up rate levels on the trade lane. Shippers fight for allocations as early peak season hits Asia-Europe Journal of Commerce

Carriers, shippers scramble amid worsening container shortages in Asia Longer transit times to Europe and North America as vessels continue to divert via the Cape of Good Hope to avoid the Red Sea region has delayed the return of empty containers to Asia, particularly China. Carriers, shippers scramble amid worsening container shortages in Asia Journal […]