Negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) remain unresolved, with the current master contract extension set to expire on January 15, 2025. Key U.S. East and Gulf Coast ports could face another strike without an agreement. Given the limited media coverage of these negotiations, it is advisable for
Global trade is projected to reach $33 trillion in 2024, up $1 trillion, to reflect a 3.3% increase from a year ago, according to the United Nations Conference on Trade and Development (UNCTAD). The growth has been fueled by a 7% rise in trade in services, adding $500 billion, while trade in goods rose by
Ocean and air freight rates have climbed significantly in 2024, driven by unpredictable market dynamics, according to Transport Intelligence (Ti). Ocean freight rates remain 117.6 points above January levels, with no immediate return to pre-crisis levels expected. Xeneta’s chief analyst, Peter Sand, highlighted ocean carriers as the year’s “financial winners,” noting their shift from loss-making
Fragmented logistics networks often require businesses to work with multiple providers, leading to inconsistent standards, limited visibility, communication challenges, and scalability constraints. Robert Zorzi, Regional COO – Americas, and Jakob Bluhme, Global CCO – Global Accounts, explain how Shipco unites multiple neutral consolidation providers under the WorldWide Alliance (WWA) and utilizes a dedicated digital platform
Shipco Transport is proud to celebrate our 25th anniversary in the Baltics region. Shipco Transport first entered the market in 1999, establishing initial operations in Tallinn, Estonia, as a central coordinating office for all activities in the Baltics. Building on its success, Shipco Transport expanded in 1995, opening offices in Riga, Latvia, and Vilnius, Lithuania,
The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) remain at an impasse over the use of semi-automated rail-mounted gantry cranes (RMGs). After a three-day strike in October 2024, both parties extended their current master contract deadline until January 15, 2025, to resolve outstanding issues. However, recent negotiations broke down when the
Air cargo demand stayed strong in October, growing for the 15th straight month, but IATA warns that 2025 might be challenging. Global air cargo demand measured in cargo tonne km (CTK) terms rose by 9.8% year-over-year (y/y) in October. Capacity measured in available CTKs increased by 5.9%, and the cargo load factor grew by 1.7
Planned U.S. tariffs on Chinese imports are expected to boost containerized imports from Vietnam, Thailand, and South Korea, according to Linerlytica. Vietnam’s containerized exports to the U.S. surpassed two million TEUs in the first 10 months of 2024, doubling 2017 levels, and is a 41% year-on-year (y/y) rise in Q2, 2024. Vietnam’s appeal comes from
Peter Andersen, Regional COO – Europe, Stig Krogh, Global COO – Ocean/Regional COO – Asia & ISC, and Robert Zorzi, Regional COO – Americas, discuss Shipco Transport’s customer-centric approach driving operational and service excellence across all areas, highlighting how the commitment to putting customers’ needs first delivers consistency, improves efficiency, and strengthens customer trust worldwide.
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