Category: Uncategorized

Container lines cutting trans-Pacific capacity overhang In the latest course correction in the US’ busiest trade lane, carriers are set to deploy less tonnage in August as spot rates fall and retail import forecasts weaken. Go to journal of commerce

India-US ‘Indamex’ string drops Charleston, adds more ships to bolster reliability The moves by CMA CGM were made to improve westbound transit times that remain a challenge due to ongoing vessel diversions around southern Africa. Go to journal of commerce

US retailers upgrade import forecast after tariff deadline extended to Aug. 1 But the mini-rush will be short-lived, with imports falling month-to-month between August and November, the National Retail Federation and Hackett Associates said in their latest Global Port Tracker. Go to journal of commerce

Europe’s port congestion forcing Gemini to switch up Asia service Beginning in September, the joint service will make added stops at Aarhus in Denmark, Gothenburg in Sweden and Rotterdam in the Netherlands as the last three European calls. Go to journal of commerce

BNSF-UP dispute threatens Oakland-SLC service, triggers STB petition The routing impasse between the railroads threatens supply chain disruptions for ocean carrier CMA CGM, which has cargo booked on the service that is due to begin later this week. Go to journal of commerce

Fast fashion retailer forms recycling logistics venture to tackle textile waste Rhenus Logistics will manage the end-to-end supply chain via a 4PL control tower tailored to the circular textile logistics business. Go to journal of commerce

Two legends took divergent paths to supply chain success The recent death of FedEx founder Fred Smith presents an opportunity to compare his contributions to global supply chains with another visionary, Malcolm McLean, the father of containerization. Go to journal of commerce

Oregon earmarks funds for proposed Coos Bay terminal The just-concluded legislative session also puts aside emergency funding for the Port of Portland that is generated via lottery sales. Go to journal of commerce

USTR plan to tax ro/ro ships exceeds statutory authority: stakeholders A plan to tax vehicle carriers $14 per net ton for each US port call will raise consumer costs and reduce the number of ports served, shipping executives warned Monday. Go to journal of commerce

Hapag-Lloyd megaships serve West Africa via Tanger Med hub Instead of its 24,000 TEU ships making direct calls at West African ports, Hapag-Lloyd’s main Mediterranean hub is being used as a key transshipment point for Asia-Africa services. Go to journal of commerce

Container capacity from Asia to East Coast of South America loosens significantly Carriers are pulling back on their blanking campaigns on the Asia-ECSA lane in July after two months of blanking campaigns largely neutralized capacity additions to the lane. Go to journal of commerce

Trans-Pacific air cargo market flying into turbulent second half The long-term effects of US tariffs and the removal of the de minimis exemption has disrupted established air cargo flows and is clouding the industry outlook for the year. Go to journal of commerce

Mixed US policy on carbon capture clouds project cargo demand The push and pull of US support for decarbonization efforts puts a question mark over potential project cargo demand. Go to journal of commerce

Ocean carriers adjust calls as congestion chokes European hubs Longer transits around southern Africa, restructured alliance networks and bottlenecks in Asia continue to cause ships to arrive outside their scheduled European arrival windows. Go to journal of commerce

US shipbuilding incentives need more oversight: GAO The federal watchdog agency said the US Maritime Administration has financial levers to help the domestic shipbuilding industry but doesn’t know their effectiveness. Go to journal of commerce

Excess capacity sinks planned July 1 rate increase in eastbound trans-Pacific The fresh capacity carriers rushed into the US’ busiest trade lane in April and May is no longer needed, sending rates on a downward spiral and forcing carriers to shelve proposed price hikes. Go to journal of commerce

Container lines pull back on India-US pricing push While vessels on the lead West India-US East Coast networks have continued to sail full, forwarders have linked the “sold-out” experience to capacity cutbacks and consequent cargo rollovers. Go to journal of commerce

Growth in West African ports opens new transshipment options for MSC The deployment of 24,000-TEU ships on its Africa Express service allows the carrier to better leverage billions of dollars invested in West Africa in recent years, reducing exposure to congested North European ports. Go to journal of commerce

Yang Ming hit with new FMC complaint over service contracts The complaint from Dollar General alleges the carrier sold more of its capacity in the high-flying spot market of 2021, leaving shippers under fixed-price contracts in the lurch. Go to journal of commerce

HMM, CMA CGM to expand key Mediterranean transshipment hub The $177 million plan to enlarge Spain’s TTI Algeciras is in line with the strategy of ocean carriers to diversify revenue and exert greater control over their supply chains. Go to journal of commerce