The FMC’s ruling seemingly strikes a blow to the “once in demurrage, always in demurrage” concept that had given ocean carriers a blank check to assess penalties when a container goes into detention or demurrage, no matter the circumstances.
The FMC’s ruling seemingly strikes a blow to the “once in demurrage, always in demurrage” concept that had given ocean carriers a blank check to assess penalties when a container goes into detention or demurrage, no matter the circumstances.
Partnerships between small forwarders and early-stage software vendors offer a symbiotic opportunity to shape product direction that is not possible with more established technology providers.
The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with Danfoss A/S ("Danfoss"), a multinational Danish company that manufactures and sells refrigeration and other cooling products. Danfo...
Inflation and high interest rates mean consumers have less buying power and will spend less, driving shipping profits down in the year to come.
Congestion and vessel queues at Chinese ports could worsen in the run-up to the start of the Lunar New Year on Jan. 22 as COVID-19 infections continue to surge, affecting the number of dockers turning up for work.
Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing preliminary guidance on the implementation of the price cap policy for petroleum products of Russian Federation origin.
Warehousing capacity in the US is predicted to get tighter as 2023 progresses despite the substantial number of distribution and warehousing construction projects under way and efforts to reduce inventories.
The Port of Houston said it has resolved the software issues that will allow it to proceed with an additional fee on import containers dwelling eight days or longer at its marine terminals.
Norfolk Southern Railway will shut one of two container spillover lots outside Memphis this week after a significant reduction in rail boxes coming into the inland hub from Savannah.
The filing is just the latest in a barrage of complaints made against various container lines with the FMC in recent months, a flurry accelerated by major reform of US shipping law that went into effect in June.
Southeastern US ports are anticipating a volume slowdown in 2023, and hope to take the time to increase capacity ahead of the next surge in demand.
Globally, schedule reliability in November increased in 31 of the 34 trade lanes measured by Sea-Intelligence Maritime Analysis, with 56.6 percent of vessels arriving on time overall.
Globally, schedule reliability in November increased in 31 of the 34 trade lanes measured by Sea-Intelligence Maritime Analysis, with 56.6 percent of vessels arriving on time overall.
After two years of record profits, a continued softening of demand and increased competition will put forwarding margins under pressure in the first half of 2023.
After two years of record profits, a continued softening of demand and increased competition will put forwarding margins under pressure in the first half of 2023.
As the US eases sanctions that have helped cripple the Venezuelan economy, Maersk’s Sealand subsidiary is taking a small step to re-establish trade ties by offering a weekly service between the two countries.
After a messy 2022, the West Coast is starting 2023 nearly congestion-free as worries rise about how much market share has been lost to the East and Gulf coasts.
OFAC has updated its SDN List. Please visit the URL below to view this action
Contract rates will be lower this year, shippers, carriers, and analysts agree, but no one knows yet just how much lower reduced demand will take rates in the end.
