Maritime

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.

The first chassis for a new equipment pool covering the ports of Jacksonville, Savannah, and Wilmington, NC, arrived this week, the first step ahead of an October launch.

The lack of security around the supply of alternative fuels in a highly fragmented market will undermine ocean carrier efforts to decarbonize the industry, according to the world’s largest container ship owner.

Vineyard Wind is one of the first commercial-scale offshore wind projects under construction in the US and at completion will generate some 800 megawatts of power.

The railroad is reducing demurrage fees and restoring additional free time that was eliminated in the past two years as international intermodal volumes have fallen sharply from East Coast ports.

Slow-steaming has come to the fore of late as ocean carriers seek help in absorbing overcapacity, but analyst Lars Jensen says the common refrain that slower speeds also help to improve schedule reliability doesn’t hold water.

An emerging trend of sending smaller shipments more frequently is leading to growing demand for LCL services across the major trade lanes.

Union Pacific’s launch of direct intermodal service from Houston comes two weeks after competitor BNSF announced it would begin a new service from the port’s Barbours Cut marine terminal.

Shippers and port executives say the post-COVID shift of cargo back to Hong Kong is being hampered by the global slump in demand as developed countries grapple with elevated inventories and inflationary pressures.

Thanks to a recent GRI push, average contract rates for India to the US have seen modest gains in recent weeks and carriers are now looking to build around that limited success.

The port congestion in Asia and North America that compromised vessel on-time performance during the pandemic began to ease last fall with declining cargo volumes, and the reliability improvements have accelerated since.

The carrier's CEO said inflation and destocking in global markets heralded a “phase of normalization” for container shipping.

The ruling could place an additional burden on US chassis manufacturers to ensure their subcontractors are using US materials or paying duties on parts from China.

End-to-end supply chain visibility remains an elusive goal for providers in a market where shippers are expecting better data quality than they have seen.

The drive to decarbonize European inland transport by switching freight from the road to greener alternatives took a step forward this week.

Ocean carriers are pulling all available capacity management levers to address a supply-demand imbalance that is set to widen significantly through 2024.

Visionary shipping legend Bertram Rickmers created the Pearl String, the only round-the-world breakbulk liner service, which operated from 2003 until the fall of Zeamarine in 2020.

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

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.

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