US retailers upgrade import forecast, but maintain caution

Despite a slightly improved forecast for US imports, retailers are being conservative in their purchase orders with Asian factories, pointing to a dismal peak shipping season compared to recent years.

Transship adds partner, launches cold-chain service

London-based digital cargo insurer Loadsure partners with Chicago-based Transship to more fully automate refrigerated containerized exports.

Startup helps forwarders convert documents to data

A machine learning software provider is tackling the problem forwarders and customs brokers face in converting the information within core shipping documents into usable data.

JAXPORT seeking city funds for dredging project

Jaxport’s $484 million project, due to be complete in 2023, will provide a wider vessel turning basin and the ability to handle two post-Panamax vessels simultaneously in SSA’s Blount Island Terminal.

Backlash festers as carriers’ capacity discipline portends profitable 2020

Container lines can either keep up the capacity discipline they showed in the first half and be on track to end the year with $9 billion in profit, or lose $7 billion if they can’t, according to SeaIntelligence Maritime Consulting.

Essential Reads

Container shipping, for the moment, has broken the self-destructive cycle of the post-financial crisis decade that saw carriers resorting to pulling cost levers like building mega-ships and slow steaming that benefit them, but not their customers.
The average capacity of container ships calling ports around the world, and the average amount of cargo exchanged per call, continued to grow in almost all regions in 2019.
The demand outlook on the Asia–Europe trade remains deeply uncertain, but carriers continue to hold the line on pricing amid a high level of blank sailings and volume declines.
The latest economic and trade outlooks for Europe paint a gloomy picture for the year.
The National Industrial Transportation League said its members do not rely on the publication of essential contract terms, eliminating the need for carriers to make such filings.