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Norden aims to diversify cargo base with MPV acquisition

Keith Wallis, Special Correspondent | Jun 1, 2023, 4:03 PM EDT

Norden is looking to capitalize on an expected strong project and breakbulk market with the purchase of Denmark-based multipurpose vessel (MPV) operator Thorco Projects.

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Essential Reads

Carriers pare blank sailings in May as ocean freight rates steady

Michael Angell, Associate Editor | May 25, 2023

With spot freight rates largely stabilized, ocean carriers have blanked fewer sailings in May and instead opted for more biweekly sailings.

Forwarders locked in margin-destroying price war in post-COVID ocean market

Greg Knowler, Senior Editor Europe | May 25, 2023

Price is once again on the side of shippers, with excess ocean capacity allowing them to extract lower rates from service providers.

Ocean trade emerges from pandemic haze to face new realities

Peter Tirschwell | May 25, 2023

Although the container shipping order book is the highest it has been in many years and demand remains subdued, the ground is shifting under the ocean market in new and unfamiliar ways, writes Peter Tirschwell.

Shippers, regulators muddle through ‘grey area’ of rail storage fees

Mark Szakonyi, Executive Editor | May 24, 2023

Shippers want Congress to address their inability to challenge rail demurrage fees when they contract for merchant haulage, but finding a solution will be tricky, writes Journal of Commerce Executive Editor Mark Szakonyi.

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