Portchain nabs European transshipment hubs as berth software customers

Port software provider Portchain has grown the number of terminals using its berth optimization solution to two transshipment hubs in Europe as terminals seek to better align equipment, capacity, and human resources to vessel calls.

New Trans-Pacific capacity injections spark demand doubts

Although economic forecasts point to a possible weakening in consumer demand, carriers are expected to continue the capacity management discipline they have displayed all year to prevent rate destruction in the trans-Pacific trades

Carrier schedule reliability falls to 2020 low of 56 percent

The on-time performance of carriers has declined sharply since a 2020 high in June when large amounts of capacity were blanked

APL Logistics brings expedited ocean service to trans-Atlantic

Alternatives to expensive air freight have been available on the trans-Pacific for years, but as space constraints make air cargo an increasingly unreliable option, a new expedited ocean product will soon be launched on the trans-Atlantic

Logistics expansion keeps Abu Dhabi Ports growing despite pandemic

While the pandemic has resulted in a global drop in some sectors such as containers and ro-ro, Abu Dhabi Ports saw an increase in business owing to a spike in its logistics activity

Essential Reads

Carriers are riding high on a profitable wave of record rates, surprisingly strong demand, and lower fuel costs, but there is no consensus among analysts and ratings agencies on whether it will be sustainable.
A substantial increase in heavy truck orders in September begs the question: Who will drive those trucks? Trucking employment is improving, but still down 4.7 percent year over year.
Giving better volume forecasts to container lines and collaborating with truckload carriers can help shippers when capacity gets tight, but it’s higher rates that lock in the slot space on a vessel or guarantees a trailer load gets picked up when needed.
If container shipping rode the wave of China’s emergence, set in motion by the global consensus around trade represented by the creation of the WTO in 1995, the industry must now confront a potentially very different geopolitical future taking shape with almost daily developments chronicling a deterioration in US-China relations.
Three large container lines say most of their available capacity is in use as demand in the US rises, but shippers still fret about finding space on a ship.