Container shipping readies for bumpy months ahead
Peak season is with us and US retailers have been filing the shelves with more than usual alacrity before the Canadian rail strike, as well as anticipated trade tariffs, and anticipated east coast terminal strike action, and before further likely cuts in interest rates will hopefully support consumer spending in Q4. Los Angeles and Long […]
Analyst Abstract
Dry Bulk Cape rates remain resilient as China boosts iron ore imports to offset declining domestic mined production. Cape rates remain buoyant despite Chinese steel being in a malaise. Steel production in July dropped by 9% year-on-year reaching 82.9m tonnes according to the National Bureau of Statistics, the lowest figure reported in 2024. Generally, Chinese […]
Subdued sales in August
Sale and purchase activity for dry bulk carriers remains “relatively subdued” Gibson noted in its most recent weekly report with many protagonists either on holiday or otherwise unwilling to act, preferring to wait and see what post-summer developments occur in the market. Bulker S&P activity fell in August with just 22 sales reported so far […]
Is offshore wind unwinding?
A mix of supply chain issues, long permitting procedures, political uncertainty, and even several incidents within a short period could all point to the offshore wind sector lifting its foot off the gas pedal. But is it really so? On the surface, the United States may be one of the countries where offshore wind has […]
How to keep up with the global digital transition
The maritime industry runs on data. Yet, it has been slower to adapt to the digital transition than other sectors. Instead, many still rely on early-phase digital solutions with outdated operating systems that fail to deliver the full potential of the digital era when it comes to accessing, utilising, and sharing this data, says Ilari […]
Future-Proofing Your Business: The Role of PPAs in Achieving Green Goals
In today’s rapidly evolving marketplace, businesses must continuously adapt to stay ahead of the curve. One of the foremost considerations for any forward-thinking company is sustainability. The shift towards greener practices is not just an ethical choice but has become an economic necessity. Consumers, stakeholders, and governments are increasingly demanding environmental responsibility, making it imperative […]
Is Your Material Handling Process Slowing Down Your Supply Chain?
A warehouse employs everything from humans to autonomous machines to transport stock and equipment components for smooth workflows. It must keep output consistent and meet deliverables, but material handling failures plague countless facilities. Overcome the most pervasive oversights by implementing advantageous solutions in the industry’s leading businesses. Common Material Handling Oversights Inventory management, tech integrations, […]
CMA CGM Air Cargo launches transpacific route with latest 777F
CMA CGM Air Cargo has started a new transpacific route between Hong Kong International Airport (HKG) and Chicago O’Hare International Airport (ORD) using its recently delivered third Boeing 777-200 freighter operated by Atlas Air. The first commercial flight took place on August 25, connecting HKG to ORD with a technical stop at Ted Stevens Anchorage […]
Rates are on a 12-month slippery slope says Linerlytica
Freight rates will fall by 70% in the coming year according to Linerlytica, but Xeneta claim that for such a decrease to occur it would mean that the Suez Canal has reopened and that there is massive over-capacity. Consultancy Linerlytica said today it expects freight rates to fall by 70% over the next 12 months, […]
Port Houston container volume drops 5% in July
In July 2024, Port Houston experienced a 5% decline in container volume compared to the same month last year, handling 325,277 TEUs. The month presented challenges due to Hurricane Beryl and a global system outage that briefly disrupted operations. Despite this, year-to-date container volumes have risen by 10%, totalling 2,423,474 TEUs, with the port gearing […]