Analysts: Carriers profits up but overcapacity slows recovery There is no arguing that supply and demand are more closely aligned this year, the debate is over how much. A wide-ranging improvement in carrier profitability is being driven by better market fundamentals and greater pricing discipline, and it has container shipping analysts weighing in on whether […]
Read More →New equipment to help ease Chittagong port congestion
on September 11, 2017in Industry News
New equipment to help ease Chittagong port congestion Shippers have long been clamoring for more port equipment such as reach stackers in Chittagong. The Chittagong port on Friday received 46 pieces of container-handling capacity shippers have long demanded to boost capacity at the oft-congested port that is operating well beyond its designed TEU capacity. The […]
Read More →Tech startups intent on revolutionizing container shipping
on September 9, 2017in Industry News
Tech startups intent on revolutionizing container shipping Two decades after the arrival of the internet sparked a wave of largely unsuccessful technology-fueled startups designed to cut costs or improve efficiency in container shipping, there’s a sense that technology will propel the industry beyond incremental gains. The confluence of changing demographics, an industry stressed by physical […]
Read More →US import surge in July belies fall slowdown
on September 8, 2017in Industry News
US import surge in July belies fall slowdown Containerized US imports are projected to set a new record this year. An unexpected surge in imports in July will take some of the steam out of peak-season volumes this fall, although 2017 will still be a record year for US imports, according to the Global Port […]
Read More →Trans-Pac spot rates tread water ahead of Golden Week
on September 8, 2017in Industry News
Trans-Pac spot rates tread water ahead of Golden Week Trans-Pacific spot rates have slid steadily since July. Spot rates in the eastbound Pacific continued to tread water this week, although space on vessels leaving Asia should tighten noticeably later this month before factories in China close on Oct. 1 for the annual Golden Week celebration. […]
Read More →Rocketing air cargo volume keeps up rate pressure
on September 8, 2017in Industry News
Rocketing air cargo volume keeps up rate pressure Air cargo growth was strongest in Africa and weakest in Latin America. Air cargo demand rose 11.4 percent in July, more than double the 3.7 percent expansion in capacity, setting the stage for higher rates as shippers rush to meet peak season demand. July’s performance was the […]
Read More →Infographic: How technology helps shippers manage supply chains
on September 7, 2017in Industry News
Infographic: How technology helps shippers manage supply chains As venture capital and tech whizzes pile into the realm of logistics, shipping, and the supply chain, it can be hard to keep track and make sense of all the various ways technology can help shippers can help shippers become more efficient and cut costs. This infographic […]
Read More →China closes down thousands of factories
on September 6, 2017in Industry News
China closes down thousands of factories A focus on suppliers to factories is making it difficult to gain visibility of supply chain risk under the latest environmental crackdown. The closure of thousands of Chinese factories and their suppliers through an even harder government crackdown on pollution is roiling containerized supply chains as exporters scramble to […]
Read More →Average cargo discharge size jumps double digits
on September 6, 2017in Industry News
Average cargo discharge size jumps double digits Behemoths of more than 10,000 TEU are increasingly common in ports worldwide. The amount of cargo discharged at terminals around the world is on the rise as more high-capacity ships enter the global market, further increasing pressure on the processes and infrastructure of container terminal operators. The global […]
Read More →Average ship size in port jumps double digits
on September 6, 2017in Industry News
Average ship size in port jumps double digits Behemoths of more than 10,000 TEU are increasingly common in ports worldwide. Call sizes at terminals around the world are on the rise as more high-capacity ships enter the global market, further increasing pressure on the processes and infrastructure of container terminal operators. The global average call […]
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