Category Archives for Industry News

Maersk to invest 0 million in Southeast Asia logistics even as integrator model struggles The spending program will target the company’s logistics and services arm with a “substantial amount of investment” earmarked for its ocean and terminals infrastructure in the region. Maersk to invest 0 million in Southeast Asia logistics even as integrator model struggles […]

Europe’s ocean trades may see overlapping CO2 charges: DNV The IMO’s global market-based emissions-cutting measure will be introduced in 2027 when it will clash with Europe’s ETS and could force shippers to comply — and pay for — two CO2-reducing systems at the same time, classification societies believe. Europe’s ocean trades may see overlapping CO2 charges: DNV […]

Carriers weigh options after Red Sea route threatened by missile attacks Three commercial ships were hit by rockets fired from Yemen over the weekend in a deteriorating security situation that has seen at least two ocean carriers introduce war risk surcharges on routes to and from Israel. Carriers weigh options after Red Sea route threatened […]

Fast-approaching green goals pose uncomfortable question for shipping: analyst Given shipping’s relatively poor track record on implementing anything not rigorously enforced, and a preference to delay action to the last possible minute, there seems to be a high risk that decarbonization milestones will not be met, writes analyst Lars Jensen. Fast-approaching green goals pose uncomfortable […]

Wakeo lands fresh investment in far less heated freight visibility market The company, which caters to shippers like Uniqlo and Michelin, will use the new round of funding to spur a global expansion of its multimodal freight visibility product. Wakeo lands fresh investment in far less heated freight visibility market Journal of Commerce

THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships that can use the main artery for container trade between the US East Coast and Asia. THE Alliance diverts […]

US truckload rates unlikely to see major holiday bump amid tepid peak season As US port volumes remain lackluster, there is not as much freight to move on trucks, causing the market to stay relatively stagnant ahead of what typically is the busy holiday season. US truckload rates unlikely to see major holiday bump amid […]

Carrier CEOs issue COP28-linked statement urging action on energy transition The rare joint statement reiterates earlier comments by container lines that a greenhouse gas pricing mechanism is needed to make green fuel competitive with traditional bunkers during the phase when both fuels will be in use. Carrier CEOs issue COP28-linked statement urging action on energy […]

MPV/HL carriers weigh costly, time-consuming alternatives to Panama Canal Low water restrictions and “exorbitant” costs for rare transit slots through the drought-hit waterway mean tramp breakbulk and heavy-lift carriers must use longer ocean routes, thus increasing voyage costs. MPV/HL carriers weigh costly, time-consuming alternatives to Panama Canal Journal of Commerce

Swire Projects launches project cargo liner service to avoid Panama Canal delays The service was previously operated on an ad hoc basis but is being upgraded due to growing demand for breakbulk and project cargo into the US West Coast to avoid restrictions and delays through the drought-hit waterway. Swire Projects launches project cargo liner […]