One senior carrier executive said that there would be “no negotiation” on bunker fuel surcharges beginning as early as 2019 annual contracts that won’t even extend into 2020, let alone trans-Pacific contracts signed as of May 1, 2019, that will extend well into 2020. That may well be so, but ocean carriers' track record is less promising.
News and analysis of government transportation policy around the world and its impact on global container shipping and supply chains.
News & Analysis
28 Nov 2018
Ports are seeking a larger percentage of federal transportation funds, and with good reason: the American Association of Port Authorities has identified $20 billion in multimodal project needs for public port authorities alone.
02 Nov 2018
Although the industry is unlikely to see another all-encompassing fiat like IMO 2020, the International Maritime Organization's (IMO’s) ambition is to reduce greenhouse gas (GHG) emissions from international shipping to 50 percent of 2008 levels by the year 2050, and to someday eliminate the fleet's GHG emissions entirely.
24 Oct 2018
As a compromise to the failed experience building proposal, the IMO agreed to boost efforts to lessen the mandate’s impact on the market.
04 Oct 2018
A survey conducted by global shipping consultancy Drewry found considerable unease among global shippers and forwarders ahead of the low-sulfur fuel implementation. Concern was expressed by respondents about ocean carriers’ methods of fuel cost recovery with more than half, 56 percent, stating that they did not consider their service providers’ existing approaches as either fair or transparent.
02 Jul 2018
Although the truck strike has ended, Brazil’s transportation bottlenecks need a bigger government and private sector fix.
28 Jun 2018
Europe’s rail and truck transport systems are at a pivotal moment. The two could complement each other and help meet the likely 30 percent increase in European cargo expected by 2030. However, turf protecting could still rule the day, especially if rail views truck platooning as a threat.
18 Jun 2018
Brokers and shippers would have the first official checklist to follow when hiring truckers if an amendment to the Federal Aviation Administration Act reauthorization passes this year. Supporters believe it’s a step towards ensuring freight is safely moving on highways whereas opponents believe it’s a race to the bottom to find the cheapest transportation that would endanger others.
13 Jun 2018
This is known: in less than 18 months, the container shipping industry will be hit with a massive annual operating bill in the billions of dollars. What is less known is how the costs will be passed along to shippers, and how ocean carriers will adjust, both in terms of capital investment and operations.