Container ship lines on the Far East-North Europe trade are fighting a losing battle to halt a plunge in rates by canceling sailings, Alphaliner reports in its latest weekly newsletter.
Container lines continue to see their operating costs fall thanks to the steady decline in their largest cost, bunker fuel. Some of those savings are passed onto shippers through lower fuel surcharges.
International trade supports nearly 6.9 million U.S. retail jobs, according to a study commissioned by the National Retail Federation in support of free-trade initiatives.
Strong volume at Canada’s three largest container ports helped drive Canadian National Railway’s intermodal volume up 14.2 percent in the first quarter compared to the same period a year ago, another sign of how the railroad’s strategy of supply chain collaboration continues to deliver.
Frankfurt airport handled 6.4 percent less freight in March than a year ago as strikes by Lufthansa pilots resulted in the cancellation of intercontinental flights.
Maersk and Crowley Maritime Corp. have agreed to merge their salvage businesses, Svitzer Salvage and Titan Salvage, into a new company, Ardent, which will begin operations on May 1.
Mega-ships and the large container carrier alliances will cause long-term headaches for shippers, believes David Panjwani, John Deere’s global logistics manager for Asia and Africa.
The Mexican government is pumping $5 billion — more than 77 billion pesos — into its network of 117 ports, as the country’s rising middle class demands more imports and Mexico rises as a regional manufacturing powerhouse.
Third-party logistics provider C.H. Robinson Worldwide has opened the doors at two new global forwarding offices: one in Ho Chi Minh City and another in Antwerp.
The chairman of the International Chamber of Shipping warned that regional maritime regulations on ships’ emissions and ballast-water discharges threaten conflicts with global maritime rules.