GSBN tests digital process to share shipping data with banks

A consortium of liner carriers and terminals aiming to speed the sharing of shipment data with banks believes it can overcome a chronic consent hurdle in the process.

Domestic chassis balance likely to come in 2023: equipment providers

While there are delays in the production of 53-foot chassis, a slowdown in domestic intermodal demand will likely bring supply and demand into balance in 2023, say domestic equipment providers.

Tive spreads wings with new pharma product, forwarder deal

Tive has been piloting its new pharma product, which meets a variety of requirements around data security and storage, with 34 companies over the past two months.

Asia–Europe ocean contracts under pressure as rates tumble

Spot rates on the Asia–North Europe trade lane have now fallen 50 percent since January as softening demand and worsening economic indicators lead to a steady slowdown of the container shipping market.

COVID-19 gives rise to new risk calculus for supply chains

The legacy of the pandemic’s effect on supply chains will be less about permanent cost increases and more about permanently altered attitudes towards risk, writes JOC’s Peter Tirschwell.

Essential Reads

While the security guard contract is separate from the coastwide longshore deal being negotiated, officials are working feverishly to avoid a strike, given the possibility that dockworkers would honor any picket lines, thus shutting down affected terminals.
The Port of Oakland says increasing a long-dwell container fee is needed to reduce congestion on the docks, but the port’s largest terminal worries that could attract unwanted pushback from the FMC.
This year will mark the peak of container shipping profitability, with carriers entering an unavoidable downturn in the markets, according to global bank HSBC.
The recently ample supply of equipment has cut the price of new 40-foot containers by about 20 percent since late last year, and the price could soften further into 2023, according to Drewry.
There is still no silver-bullet carbon-neutral fuel solution available to the shipping industry, but the cost implications of decarbonizing the global maritime industry are becoming clearer, says DNV.