U.S. East Coast Port Labour Talks Sparking Shipper Contingency Plans
If looming labour negotiations at U.S. East and Gulf Coast ports break down before the September 30 deadline, shippers may divert some cargo away from the East Coast, Port of Los Angeles Executive Director Gene Seroka said on May 20.
Container Shipping Industry Bounces Back with $5.4 Billion Profit in Q1 2024
The container shipping industry has reported profits of $5.4 billion in the first quarter of 2024, marking an impressive turnaround following six consecutive quarters of decline, according to liner industry expert John McCown.
Trade Strains Boost Cargo Rates at Pace Recalling COVID ‘Chaos’
Global goods trade is showing signs of accelerating after last year’s slump, pushing up shipping rates and giving some supply chain managers flashbacks to the demand spike that disrupted international commerce three years ago.
Ocean Carrier Cocktail Leaving a Sour Taste in Shippers’ Mouths
The ocean carrier cocktail is back and it packs a punch. Two parts canceled sailings that spice up spot rates, coupled with a stiff pour of general rate increases, leaves shippers with a dull headache and a thinner wallet.
Renewed Piracy Menace Endangers Red Sea Shipping Routes
The resurgence of piracy in the Red Sea and the Horn of Africa poses a grave threat to maritime security, with recent attacks by Somali pirates sparking renewed concerns for international trade and the safety of crew members. Exploiting the diversion of naval forces’ attention towards the Houthi crisis, Somali pirates have resurfaced, casting a […]
CN Presents Simplified Offer to TCRC
In an attempt to avoid a work stoppage and end the unpredictability for Canada’s supply chains, CN has tabled a new offer to the Teamsters Canada Rail Conference (TCRC).
Panama Canal Slowly Returning to Normal Operations
The increase in water levels in the Panama Canal has sparked hopes of a potential return to normal operations for container shipping after over a year of restrictions due to a severe drought. However, experts warn that the situation, while improving, is far from returning to pre-restriction levels.
European ENS (ICS2) Filing Update
Starting in June 2024, EU Customs Authorities will require the following information as part of its Advance Cargo Information System. This in turn will require us to submit the following data elements to the Steamship Lines during our shipping instruction submissions.
Mounting Container Shortages Creating ‘Total Havoc’
Containers out of northern China are becoming increasingly hard to get hold of, report forwarders. A surprisingly strong market, plus lower vessel capacity due to the Red Sea crisis, is creating a shortage of both ships and containers.
U.S. Bipartisan Congressional Group Releases Visionary Report for Revitalizing U.S. Maritime Sector
A bipartisan report titled “Congressional Guidance for a National Maritime Strategy” has been released by several U.S. legislators, outlining a vision for revitalizing the nation’s maritime sector.