HSBC predicts that if dockworkers on the U.S. East and Gulf Coast strike on October 1, it could impact 15% or 4.6 million TEUs of the global container fleet and 54% of U.S. container imports. The International Longshoremen’s Association (ILA) plans to strike unless a new agreement is reached with the U.S. Maritime Alliance (USMX)
Container News conducted a study on the rise of new shipping services and alliances, focusing on ports in Southeast Asia and Africa. The study focused on countries drawing major investments and poised to become key trade hubs as global maritime competition intensifies. Key ports evaluated included Haiphong and Ho Chi Minh, Vietnam; Laem Chabang, Thailand;
[CHATHAM, NJ] — Shipco Transport Inc, a neutral NVOCC, has announced the promotion of Christine Solorzano to the role of President USA, Shipco Transport. Formerly the Executive Vice President for the Americas region, Solorzano has over 25 years of experience in logistics operations. “Christine’s career is a testament to her resilience and expertise, and her rise through the ranks
With over 36 years of trusted experience backed by a legacy of stability and reliability, Shipco serves as a steadfast neutral consolidations partner, explains Kim Ekstroem, Global COO – Air. “The forwarding community needs a stable partner to rely on in the neutral space. Our customers can be fully secure in doing business with us,
Portugal’s port of Sines, Spain’s ports of Valencia and Barcelona, France’s HAROPA complex, Germany’s Bremerhaven port, Italy’s port of Gioia Tauro, and Poland’s port of Gdansk achieved significant year-on-year container volume increase in the first half of 2024, according to PortEconomics. This growth contrasts with the general decline in port traffic seen in 2023 said
Global shipping lines announced major changes ahead of February’s alliance reshuffling. Hapag-Lloyd’s exit from THE Alliance has brought about the formation of the ‘Premier Alliance’, partnering Ocean Network Express (ONE), HMM, and Yang Ming. Leaving its 2M agreement with Maersk, MSC will largely operate standalone services. The carrier plans to run five East-West trades with
As a potential dockworker strike on October 1 looms for major U.S. East and Gulf Coast ports, shippers and forwarders are exploring alternative routes and preparing contingencies to minimize supply chain disruptions. Planning ahead is a crucial step to mitigating the potential impact. The Impact • Work stoppages: Key East Coast and Gulf Coast ports,
A robust Q3, 2024 for air freight leads to high hopes for continued strong performance in Q4. Global cargo demand continued its double-digit growth, rising 11% in August. Lufthansa Cargo noted unusually high freight rates for this time of year, driven by supply and demand pressures, including geopolitical factors. Xeneta’s Chief Airfreight Officer, Niall van
For Shipco, a foundation of strong core values that guide every decision and how the company operates places customer needs at the forefront. Morten Bach, Shipco’s Global COO – Commercial, emphasizes the company’s commitment to be a reliable and steadfast logistics partner for its forwarder customers, stating: “Who we are as a company, our people,
Shippers are advised to secure space and create contingency plans due to anticipated air cargo capacity shortages from key Asian markets during the peak season. According to a Xeneta and Tiaca webinar, dynamic load factors from Asia Pacific to Europe were 86% and 88% to North America in July, which is atypically high for this