Associate Editor

Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships that can use the main artery for container trade between the US East Coast and Asia.  

THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts

Senior Editor

As US port volumes remain lackluster, there is not as much freight to move on trucks, causing the market to stay relatively stagnant ahead of what typically is the busy holiday season.

US truckload rates unlikely to see major holiday bump amid tepid peak season

The rare joint statement reiterates earlier comments by container lines that a greenhouse gas pricing mechanism is needed to make green fuel competitive with traditional bunkers during the phase when both fuels will be in use.

Carrier CEOs issue COP28-linked statement urging action on energy transition

Senior Editor, Breakbulk and Heavy Lift

Low water restrictions and “exorbitant” costs for rare transit slots through the drought-hit waterway mean tramp breakbulk and heavy-lift carriers must use longer ocean routes, thus increasing voyage costs.   

MPV/HL carriers weigh costly, time-consuming alternatives to Panama Canal   

The service was previously operated on an ad hoc basis but is being upgraded due to growing demand for breakbulk and project cargo into the US West Coast to avoid restrictions and delays through the drought-hit waterway. 

Swire Projects launches project cargo liner service to avoid Panama Canal delays

US importers have finally cleared out most of the inventory overhang that kept their warehouses at capacity and created bottlenecks in their supply chains.

US warehouse fluidity returning to normal amid import drop, inventory discipline 

Europe’s CBER, which will be allowed to lapse next April, has not achieved increased competition or improved service levels provided by ocean carriers, writes industry veteran John McCauley.

Europe’s consortia block exemption failed to drive competition  

With regulators watching carefully, some railroads have modified their message -- that lower expenses will actually enable them to compete more effectively for truck freight by offering better service at a lower price.

North-American rail

Class I railroads navigate their own ‘barbarians at the gate’

With peak season at hand for ag exports, shippers say weak US import volumes have constrained the supply of repositioned containers they need to send goods overseas, risking disruption to their supply chains.

Soft US import volumes crimping container availability for agricultural exports 

Despite some pockets of progress, exactly how container shipping achieves decarbonization will likely remain an unanswered question until new zero-emission fuel standards are adopted, writes Peter Tirschwell.

UN climate conference comes amid shipping’s choppy path to decarbonization

Just a month after the European Commission announced that the block exemption regulation for carriers would not be renewed next April, the UK competition authority has also called for it to lapse upon expiry.

UK watchdog calls for end to ocean carrier antitrust immunity 

Indian Subcontinent to US East Coast

{date.formatDate('MMM dd, yyyy')}: ${valueY} 
W-o-W change:  {previous_week_spot_rate_change_india_to_east_coast.formatNumber('##,## %')}

Container spot rates are produced by S&P Global Platts editors who are engaging with market participants to assess the current value of freight-of-all-kinds (FAK) rates on major container trades. The rates include bunker adjustment factors, general rate increases and emergency rare restoration. They also include low-sulfur, equipment imbalance, and repositioning surcharges. The rates exclude terminal handling, port security, overweight container, delivery, and detention and demurrage charges. [Platts](https://www.spglobal.com/commodityinsights)

Indian Subcontinent to US East Coast container spot rates (Platts)

Platts Indian Subcontinent Asia to US East Coast Weekly Gateway

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THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts

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