Scheduling Chaos Puts Carriers Under Pressure from Shippers
Carriers are coming under some pressure from their major VIP shippers to announce temporary network changes, so that their supply chains can be adjusted to match.
Maersk/Hapag Gemini Cooperation Takes Liner Industry by Surprise
Ahead of the divorce from 2M Alliance partner MSC, Maersk has formed a new long-term operational collaboration with THE Alliance lead line Hapag-Lloyd. The ‘Gemini Cooperation’ will start in February 2025.
Port of Prince Rupert Handles 23.5 Million Tonnes of Cargo in 2023, A 5 Percent Annual Decline
The Prince Rupert Port Authority (PRPA) moved 23.5 million tonnes of cargo through the Port of Prince Rupert in 2023, five percent less than volumes in 2022.
Shippers Turn to U.S. West Coast Terminals to Avoid Threat of Union Action and Panama and Suez Canal Container Shipping Disruption
Some container traffic that migrated to U.S. Gulf and East Coast ports in recent years is now being switched back to West Coast gateways by retailers and forwarders desperate to avoid supply chain disruption.
Container Spot Rates Rocket Even Higher as Red Sea Crisis Drags On
The Drewry World Container Index (WCI) Global Composite jumped to $3,777 per forty-foot equivalent unit for the week ended Thursday. It’s now up 173% year to date.
Federal Officials Brought in to Assist Labour Negotiations at Port of Montreal
Federal officials have been brought in to help prevent a third labour stoppage in four years at the Port of Montreal.
‘Damaging’ Port Strikes at DP World Australia Terminals Extended
Dockers affiliated with the Maritime Union of Australia (MUA) have extended their strike action at DP World terminals nationwide.
FMC Asks Shippers to Share Info on Red Sea Disruption and Charges
The U.S. Federal Maritime Commission (FMC) has announced a public hearing for supply chain stakeholders to discuss how shipping conditions in the Red Sea, such as ‘unjust’ and ‘extortionate’ carrier surcharges, are impacting them.
Houthis Launch New Attacks in Gulf of Aden Hours After U.S.-UK Strikes
The Houthi rebels resumed launching missiles and mounting their attacks only hours after the forces of the U.S. and UK struck at their capabilities. While ships are being warned to use caution and avoid the Bab el-Mandeb in the aftermath of strikes, reports are coming in of an attack in the Gulf of Aden.
Shippers Face ‘Eye-Watering’ Rates and Rollovers as Carriers ‘Cherry-Pick’ Cargo
Shippers are scrambling to bring forward orders in a bid to mitigate the impact of the longer transit times from Asia to Europe as vessels are re-routed around the Cape of Good Hope.