Category Archives for Industry News

Shipping emissions data-sharing initiative launched by DNV, GSBN The two partners will collaborate on pilot projects aimed at accurately measuring and tracking emissions reduction data across the supply chain. Shipping emissions data-sharing initiative launched by DNV, GSBN Journal of Commerce

Forwarders warn of rising transshipment, cargo delays after ETS roll out Carriers are already beginning to adjust schedules ahead of Europe’s new shipping carbon tax, something forwarders say could reduce direct port connections and boost transshipment activity. Forwarders warn of rising transshipment, cargo delays after ETS roll out Journal of Commerce

Forwarders warn of rising transshipment, cargo delays after ETS rollout Carriers are already beginning to adjust schedules ahead of Europe’s new shipping carbon tax, something forwarders say could reduce direct port connections and boost transshipment activity. Forwarders warn of rising transshipment, cargo delays after ETS rollout Journal of Commerce

Offshore services companies expect boost from increased energy spending Fresh investments among oilfield services giants should bolster the offshore services market, with supply chain spending expected to grow 16% in 2023 and 2024. Offshore services companies expect boost from increased energy spending Journal of Commerce

Dry van truckload capacity in no hurry to exit despite bear market: analyst It is unlikely that supply and demand for dry van trucking will reach an equilibrium before the second quarter of 2024, and that is likely an optimistic date, writes analyst Jason Miller. Dry van truckload capacity in no hurry to exit despite […]

ILA contract expiration, Panama Canal limits favor West Coast ports: Matson Pacific-focused Matson has already enjoyed the return of some cargoes that had been diverted to the East and Gulf coasts but are now returning to the West Coast after the ILWU ratified its contract in September. ILA contract expiration, Panama Canal limits favor West […]

Overcapacity, weak demand prove huge drag on ONE’s earnings The wide imbalance between vessel supply and demand is doing carriers no favors as earnings continue to tumble massively off the record highs of last year. Overcapacity, weak demand prove huge drag on ONE’s earnings Journal of Commerce

New MSC-backed Baltimore container terminal on track for 2028 debut Developers of the Sparrows Point Container Terminal are starting the permitting process with the US Army Corps of Engineers that will allow construction to begin in 2025. New MSC-backed Baltimore container terminal on track for 2028 debut Journal of Commerce

US LTL carriers expanding terminal networks amid post-Yellow recalibration With hundreds of terminals on the market, LTL trucking companies are setting their sights on Yellow’s sites and other properties as they expand and optimize networks to handle more freight. US LTL carriers expanding terminal networks amid post-Yellow recalibration Journal of Commerce

Carriers, shippers face Australia cargo delays from DP World stevedore strikes DP World said it is currently experiencing a seven- to eight-day turnaround in vessels being worked at four major ports in the country, a significant delay compared with the usual two-day turnaround. Carriers, shippers face Australia cargo delays from DP World stevedore strikes Journal […]