Rising charter costs and bunker prices might slow container lines' rate push. It has been a sobering fortnight for the liner shipping sector, with most of the freight increases from the May 1 general rate increases on several trade lanes disappearing fast
John DiBernardo, vice president of SSA Marine, is a dedicated terminal operator, but he cuts no slack for any operator that is struggling to handle today’s mega-ships.
Chicken exporters are among those shippers that have suffered major delays and rollovers of cargo at the south Brazilian port of Itajai after waves as high as 3.5 meter (11.4 feet) closed the gateway for four days earlier this week.
Merchandise trade between Japan and the United States is expanding at a breakneck pace, as Japan’s exports and imports both charged ahead by more than 20 percent for the second straight month in April on a year-on-year basis.
Container shipping lines are enjoying strong westbound traffic growth to South Asia and the Middle East, giving carriers a ray of hope at a time when the shared trunk services from Asia to Europe are struggling, Drewry reported.
The West Coast contract agreement that was ratified Friday by the membership of the International Longshore and Warehouse Union, while applauded by cargo interests, carriers, ports and truckers, and rightfully so, will have a limited impact on West Coast port productivity and labor relations.
The membership of the International Longshore and Warehouse Union Friday voted overwhelmingly to approve a new contract that should ensure labor peace at West Coast ports for at least the next four years.
High-tech companies around the world expect exports to grow over the next two years, but air cargo freight and passenger jets are set to gain not container lines.
Shipping businesses in China are finally emulating their Western peers by embracing the opportunities and challenges brought by the internet, cloud computing, and big data.
Mexican exports this year are set rise 5 percent on increased demand for automobile shipments and other manufactured goods built in Latin America’s second-largest economy.
A bill introduced in the U.S. Senate would set national standards for shippers and third parties contracting or hiring trucking companies, complementing legislation in the House. Shippers and brokers want clarity, especially in courtrooms where they face negligent hiring claims.
Strong gains across multiple segments, especially international cargo activity, helped India’s Allcargo Logistics deliver impressive earnings results in the fiscal year ended March 31.