Category: Articles

Articles

Decarbonization Efforts Could Force Shift in Deep-sea Shipping [Expert Viewpoint]

Decarbonization Efforts Could Force Shift in Deep-sea Shipping [Expert Viewpoint] Decarbonization Efforts Could Force Shift in Deep-sea Shipping [featuring Expert Viewpoint] Decarbonization Efforts Could Force Shift in Deep-sea Shipping [featuring Expert Viewpoint] Tim Power, MD of Drewry Shipping Consultants, told delegates at the World Ports Conference in Hamburg that new regulations to decarbonize shipping could

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Articles

Trans-Atlantic Shipping Faces Major Capacity Reductions

The three-day strike at U.S. East and Gulf Coast ports will worsen existing European port congestion and greatly reduce Trans-Atlantic shipping capacity in October, Sea-Intelligence predicts. The analyst reports there were prior expectations for capacity on Mediterranean and North European routes to drop by -10% to -14% by the end of October. Now, the strike’s

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Articles

U.S. Ports Reopen AfterThree-Day Strike

U.S. East and Gulf Coast ports reopened Friday, October 4, after a three-day work stoppage. The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) agreed to extend the master contract until January 15, 2025, and will continue negotiating other unresolved matters. Port leaders said minimal disruptions are expected as they work through

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Global Air Cargo Demand Grows 11.4% in August

According to the International Air Transport Association (IATA), global air cargo demand rose by 11.4% year-over-year (y/y) in August. Cargo capacity grew by 6.2% y/y, driven by a 10.9% rise in international belly capacity. Despite record capacity levels and lower fuel costs, yields rose by 11.7% y/y and is 46% above pre-pandemic levels. Willie Walsh,

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Articles

Shipping Industry Awaits CII Decision

The IMO’s recent Meeting of the Environmental Protection Committee (MEPC 82) ended without a clear decision on the Carbon Intensity Index (CII), although there is growing support for a flat fee per tonne of CO2 emitted. Delegates said the current rules unfairly penalize waiting times in ports, a crucial factor to consider for shortsea and

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Growth and Freight Demand in U.S. Predicted to Slow in 2025

Experts at the Journal of Commerce’s Inland Distribution Conference 2024 (Inland24) shared that the U.S. economy is expected to decelerate in 2025, with surface freight markets remaining soft. Paul Bingham, director of global intelligence and analytics for S&P Global Market Intelligence, said that strong consumer spending would not continue if unemployment and consumer debt continue

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Articles

U.S. Truckers Rush to Move Goods as Port Strike Looms

The potential strike by East and Gulf Coast port workers is already affecting U.S. trucking networks. To avoid delays, shippers are moving goods earlier, increasing demand on trucking and tightening capacity. If it lasts more than a few days, the impact from the strike will be more severe and affecting areas much further inland from

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More U.S. Ports Extend Hours, set Deadlines Ahead of Potential Strike

In preparation for a possible dockworkers’ strike on October 1, several major ports along the U.S. East and Gulf are implementing contingency plans, extending terminal hours and setting deadlines for operations. The Port of Virginia has announced its shutdown schedule for cargo operations on September 30. The last inbound train delivery is scheduled for 8am.

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Articles

U.S. Port Strike Could Trigger Major Shipping Delays Worldwide

The fallout from a potential strike on the U.S. East and Gulf coasts will be considerable, and the consequences of the disruption will be felt into 2025. Peter Sand, chief analyst at Xeneta, warned ships en route to the ports could be stuck at U.S. East and Gulf Coast anchorages. He pointed out that many

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