Category Archives for Industry News

Maersk: systems back online and bookings flooding in The Maersk Group is still working through the backlog that built up when its systems were down. Maersk Line has reported an acceleration of cargo bookings in the last 48 hours as its systems come back online and data begins to once again flow through the company […]

Controversial Indian import tax starts pinching container lines Stiff shipping industry opposition was unable to stop Indian authorities with going ahead with a new import tax. India’s controversial decision to tax imports contracted on a prepaid or cost and freight basis is increasing the financial pressure on transport services providers, including container ship operators, already […]

Samsung: Carrier consolidation lifting rates Maersk Line’s purchase of Hamburg Sud is just the most recent in a flurry of acquisition activity throughout the container shipping industry. Ongoing consolidation in the global liner shipping industry is impacting shipper supply chains through network adjustments and incremental increases in rates, according to Samsung SDS, the company that […]

Trucker frustration with delays at NY-NJ’s APM Terminal mounts Cargo is unloaded at APM Terminals in the Port of New York and New Jersey Trucker frustration is building after hundreds of drivers waited in line – some for six hours or more – at APM Terminals at the Port of New York and New Jersey, […]

US maritime regulators urged to understand, track blockchain The shipping industry’s interest in technology has intensified since last week’s cyberattack on the Maersk Group. WASHINGTON — By design, blockchain resists regulatory oversight, but maritime regulators still need to understand the technological potential of a trail of records that payment and other applications can be built […]

Global air cargo rally gains momentum Air cargo growth has surged in recent months. The global air cargo rally picked up pace in May with traffic soaring 12.7 percent, up from an 8.7 percent year-on-year increase in April and more than three times higher than the five-year average growth rate of 3.8 percent, the International […]

Long truck waits continue at NY-NJ’s APM Terminal Lengthy truck lines continued outside APM Terminals in the Port of New York and New Jersey Monday as the terminal struggled to serve truckers, sometimes using paper documents, on the third day of operations since a massive cyberattack last week on parent company Maersk Group shut down […]

Container lines building pricing power After rock bottom rates in 2016, rate levels are maintaining their recovery through 2017. Container shipping is fast becoming a carriers’ market and with the extra pricing power gained by industry consolidation and the better supply-demand fundamentals, there is little likelihood of carriers returning to the profitability-destroying rate wars of […]

Ship hits Chittagong cranes, adding to chronic congestion It could take months before the broken Chittagong cranes are again operational. Chittagong exporters, particularly the time-sensitive apparel makers that drive the majority of volume through the top Bangladesh gateway, are grappling with delays after a ship knocked two gantry cranes out last week, slashing container capacity […]

Trans-Pac rates to US East Coast spike Trans-Pacific capacity to the US East Coast appears better matched to demand than to the West Coast. Spot rates in the eastbound Pacific broke a three-week losing streak, spiking 17 percent to the East Coast and remaining flat with last week’s rate to the West Coast.  Carriers may […]