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Soaring trans-Pacific spot rates add twist to last-minute service contract talks The jump in spot rates comes as factories in China saw an increase in purchase orders in April while strong US imports are expected to continue into May. Soaring trans-Pacific spot rates add twist to last-minute service contract talks Journal of Commerce

East Coast ports grapple with ro/ro vessel diversions as Baltimore reopens While Wallenius Wilhelmsen has signed a terminal expansion deal at Brunswick, it will not be leaving Baltimore, the ro/ro carrier says. East Coast ports grapple with ro/ro vessel diversions as Baltimore reopens Journal of Commerce

Ryder expands in El Paso to meet rising manufacturing demand The impact of companies relocating manufacturing to Mexico is beginning to be felt, with Ryder’s freight volumes rising all along the US-Mexico border. Ryder expands in El Paso to meet rising manufacturing demand Journal of Commerce

Ocean carriers target growing China-Mexico trade with new express services The launch of the new services comes amid an investment boom by Chinese companies in Mexico as part of wider US nearshoring efforts that include Central and South America. Ocean carriers target growing China-Mexico trade with new express services Journal of Commerce

ISS backs Shaw to remain as NS CEO, but recommends changes on board The split recommendation from the influential proxy research firm comes one day after Glass Lewis recommended ousting Alan Shaw and COO John Orr. ISS backs Shaw to remain as NS CEO, but recommends changes on board Journal of Commerce

Ex-Slync CEO Urban joins Chain.io board to bolster company’s growth John Urban spent a year as chairman and CEO trying to salvage Slync, the logistics automation platform negatively impacted by the high-profile legal saga of its founder Chris Kirchner. Ex-Slync CEO Urban joins Chain.io board to bolster company’s growth Journal of Commerce

Hapag-Lloyd adds space guarantee fee for India-US loads amid sailing cuts One forwarder that had a recent cargo sail from Mundra complained that loading was only confirmed subject to the additional charges being paid. Hapag-Lloyd adds space guarantee fee for India-US loads amid sailing cuts Journal of Commerce

ONE banks billion FY profit on Red Sea-linked boost in ocean rates Ocean carrier reporting season is off and running and, as expected, the diversion of ships around southern Africa to avoid attacks in the Red Sea is playing a leading role in the financials. ONE banks billion FY profit on Red Sea-linked boost in […]

Clean fuels from outside EU face exclusion from green database: industry groups Biomethane and biomethanol-based fuels suitable for shipping and produced outside Europe may not receive automatic certification within the EC’s gaseous fuel database to be released in November. Clean fuels from outside EU face exclusion from green database: industry groups Journal of Commerce

Asia-Europe spot rates move higher as Red Sea crisis impacts weekly voyages The spread between spot and contract ocean freight rates has widened amid fewer voyages from Asia to Europe due to the longer transit times around southern Africa’s Cape of Good Hope. Asia-Europe spot rates move higher as Red Sea crisis impacts weekly voyages […]