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Cargo owners push for greater FMC regulation over rail storage fees NSAC says it supports reasonable detention and demurrage practices, but wants to correct “abuse” of the system by regulating that rail operators directly invoice ocean carriers for storage, not importers. Cargo owners push for greater FMC regulation over rail storage fees Journal of Commerce

Cosco reports billion profit for 2022, but outlook comes with ‘challenges’ A series of challenges lies ahead for the container shipping industry, but the effects of slowing demand and a surplus of capacity will be softened by a record financial performance in 2022. Cosco reports billion profit for 2022, but outlook comes with ‘challenges’ Journal […]

Cosco reports billion profit for 2022, but outlook darkens A series of challenges lies ahead for the container shipping industry, but the effects of slowing demand and a surplus of capacity will be softened by a record financial performance in 2022. Cosco reports billion profit for 2022, but outlook darkens Journal of Commerce

Forwarders raked in record revenues in 2022 despite H2 demand collapse Historic highs in global freight volumes and rates in the first half of last year helped insulate third-party logistics providers (3PLs) from a market collapse in the second half. Forwarders raked in record revenues in 2022 despite H2 demand collapse Journal of Commerce

Regulatory disconnect impeding progress on shipping decarbonization The pressure on regulators to put a price on carbon emissions is growing as carriers ramp up investments in zero-carbon ships, which make their brands appealing to environmentally conscious shippers but expose them to lower-cost competition. Regulatory disconnect impeding progress on shipping decarbonization Journal of Commerce

Terminal operators, Cosco join Saudi chemical shipper in eBL deal Data from eBLs issued via GSBN’s infrastructure will also be used to electronically release SABIC cargo at Hutchison and PSA terminals in Asia. Terminal operators, Cosco join Saudi chemical shipper in eBL deal Journal of Commerce

MSC joins carriers ending demurrage billing when US terminals are closed The fast-moving developments around changes to detention and demurrage billing are happening amid an ongoing rulemaking process by the FMC around the assessment of such charges to consignees and their drayage representatives. MSC joins carriers ending demurrage billing when US terminals are closed Journal of Commerce

Record profit for DB Schenker lifts parent group into black Despite being prepared for divestiture, the performance of global forwarder DB Schenker is the only reason Deutsche Bahn group is profitable at present. Record profit for DB Schenker lifts parent group into black Journal of Commerce

European shippers sign up for waterborne biofuel initiative Dutch multimodal operator Samskip will offer carbon-neutral ocean transport to shippers using biofuel in its intra-European operations. European shippers sign up for waterborne biofuel initiative Journal of Commerce

Targets for Europe’s modal shift not feasible: rail freight sector Far greater ambition will be required by European Commission policy makers if targets to double the market share of rail freight by 2050 are to be achieved, according to rail freight operators. Targets for Europe’s modal shift not feasible: rail freight sector Journal of Commerce