The mini-peak season ahead of China’s factory holiday is causing short-term challenges for container shipping, but analysts say conditions should ease after Lunar New Year.
Geopolitics, drought and longshore labor are creating substantial tailwinds that could, at least in the near term, dramatically boost West Coast market share, particularly Los Angeles and Long Beach, writes analyst Larry Gross.
The new rate move by carriers comes as the security situation in the Red Sea shows no signs of improving and amid retail restocking in the US ahead of an early Lunar New Year.
Chassis lessors must work quickly to be prepared to unstack units when the international intermodal market rebounds.
Difficulties in finding vessel capacity and empty containers as ship voyages are extended will join rising rate levels on the growing list of supply chain issues faced by shippers.
Jonathan Daniels will take the port’s helm in early February, with construction of the Sparrows Point Container Terminal atop his list of priorities.
The strong e-commerce demand from the US that kept trans-Pacific air cargo rates rising through the fourth quarter quickly fell off after the end-of-year holidays.
The ports will be aided by continued transit constraints at the Panama Canal, potentially testy longshore negotiations on the East and Gulf coasts, and terminals that are as fluid as they have been since before the pandemic.
The upending of regular transits to the US East and Gulf coasts through the Suez Canal has prompted ocean carriers to issue rate increases to cover higher operating costs.
The varied approach taken by carriers– whether or not to divert ships around southern Africa -- speaks to a new phase of uncertainty for the traditional Suez route.
Going into 2024, 3PLs will need to determine which ancillary offerings they’ll invest in to weather a supply-demand imbalance that will likely last for the next year or two.
None of the most prominent venture-backed names in logistics has had a successful exit yet, but perhaps patience is still required before the industry can say for sure if venture capital is a worthy funding route for company founders.
The Federal Maritime Commission’s final rule on detention and demurrage will be a watershed moment in the industry next year, but it won’t be the only one.
As the impact of longer routings percolates through the supply chain, local industry sources expect a wave of void calls and/or alterations in Indian port rotations across various trade routes.
Ocean Network Express and Hapag-Lloyd confirmed they are skipping calls, especially at Cartagena in Colombia and Manzanillo in Panama, although omissions are being made at other ports.
The US Central Command said a US Navy destroyer and fighter jets on Tuesday shot down 12 attack drones, three anti-ship ballistic missiles and two cruise missiles launched by the Houthis from Yemen.
Lower consumer demand for imports and domestic goods reshaped international and US freight markets in 2023.
Maersk decision to resume sailings through the Red Sea reveals confidence on the part of the carrier with they have been told by naval coalition forces about their capabilities and willingness to act in defense of shipping.
With increasing instability around the world, we might be approaching the point where a carrier’s reach is no longer truly global as liners are forced to make commercial and political decisions that will shape the scope of their operations, writes anal...
The proposed 2-million-TEU container terminal would be situated downriver from New Orleans where ships won’t face the air-draft restrictions of the Crescent City Connection bridge that spans the Mississippi River.