Europe’s ETS risks undermining global decarbonization drive: WSC

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FMC order for MSC to justify congestion fee marks first under OSRA-22
Sharp increase in capacity keeps trans-Atlantic rates under pressure
MSC extends Asia-USWC string to India as primary market demand wanes
US retailers’ global sourcing strategy will take time to develop: analysts
US transport providers lose fewer jobs than expected in January

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FMC order for MSC to justify congestion fee marks first under OSRA-22

The Federal Maritime Commission has exercised its first use of new legal authority under OSRA-22 requiring an ocean carrier to justify the reason behind levying a congestion surcharge against a shipper.

Sharp increase in capacity keeps trans-Atlantic rates under pressure

Carriers on the trans-Atlantic find themselves in the curious position of adding capacity to the trade while at the same time having to blank sailings to maintain the supply-demand balance.

MSC extends Asia-USWC string to India as primary market demand wanes

With the extended port reach into India, carriers are looking to fill leftover capacity from Southeast Asia as primary market volumes slow and US sourcing within Asia diversifies beyond China, sources say.