Category Archives for Industry News

Plummeting US paper scrap exports to China set to freefall US wastepaper exports must find other markets as China works to improve its environment. Photo credit: Shutterstock Falling US scrap paper exports to China are set to plummet further in the coming months following the 30 percent decline in September as more importers slash orders […]

Carriers to get lower Chinese tariffs after antitrust verdict The port of Tianjin was the tenth largest in the world in 2016. Photo credit: Shutterstock Container lines calling Chinese ports are set to save CNY3.5 billion ($527 million) after the National Development and Reform Commission (NDRC) found that port service providers guilty of antitrust violations, […]

Q&A: ELD and the future of freight Between the electronic logging device mandate and development of autonomous trucks, a brave new world for trucking lies just off the exit. Photo credit: Shutterstock The following are prepared responses to questions posed to panelists participating on the “Future of Freight” panel organized by the Council for Supply […]

Strong fruit exports keep Brazil-Europe rates elevated Exports of mangoes and apples have been key contributors to growth in the Brazil-Europe trade. Photo credit: Shutterstock East coast South America-Europe freight rates of between $1,300 and $1,500 per TEU are expected to maintain those levels or increase in the coming weeks as strong demand for fruit […]

Maersk to expand financing to shippers’ suppliers Maersk Line is taking a pioneering new approach to trade finance. Photo credit: Shutterstock Maersk Line plans to expand a new program providing trade financing to customers by also providing credit to customers’ suppliers as well. The container line said it is close to sealing four loan agreements […]

FMC invites testimony for detention-demurrage hearing The costs of containers stranded in yards can mount quickly and unexpectedly. Photo credit: Shutterstock WASHINGTON — US federal maritime regulators are asking the maritime industry to testify in mid-January on whether demurrage and detention fees — totaling millions of dollars annually — can be considered unreasonable and therefore […]

The digital freight forwarder: fake news or the real deal? Amidst supply chain technologies that include predictive analytics, drone deliveries and warehouse robotics, it is the digital freight forwarder that has stimulated the lion’s share of debate between industry pundits. Whereas few people dispute the myriad applications for drones or robots, opinions on digital forwarders […]

Long-term investment aversion fuels shipping startups Tech solutions are flooding into container shipping. Photo credit: Hapag-Lloyd A dwindling appetite by shippers and carriers to invest in long-term technology projects that carry a delayed return on investment is helping to stoke the digital start-up fire and its expanding array of targeted solutions.Inna Kuznetsova, president and COO […]

E-commerce makes peak season for air cargo year-long Soaring e-commerce demand is lifting the performance of the air cargo industry this year. Photo credit: Atlas Air The impact of e-commerce on the air cargo market this year has been immense as rapidly rising online ordering drives up demand for cross-border shipments. Nowhere is this more […]

APM Terminals makes inland services a commercial focus A strong performance at Rotterdam in the third quarter drove much of APM Terminals’ volume gains in the period. Photo credit: Shutterstock One of the world’s largest container terminal operators is shifting its commercial strategy to focus more on inland services for beneficial cargo owners (BCOs) over […]