Ocean News
Container Shipping Market Facing Major Challenge
Global container shipping faces overcapacity, driving rates to unsustainable lows and prompting cost-cutting measures.
Retailers Forecast Import Growth Despite Red Sea Delays
Retailers have generally navigated around the Red Sea cargo disruptions, but trade groups said costs will begin to rise even as they project a growth in imports.
Retailers Pivot Supply Chain Strategy, Seek Red Sea Alternatives
As Houthi attacks continue in the Red Sea, retailers are scrambling to find alternative methods for moving their inventory, including exploring more air freight options and boosting inventory.
West Coast Ports Could Benefit from Global Trade Disruptions
While shifting Asian cargo from East Coast to West Coast U.S. ports adds time and cost, it is one option shippers have to counter continued risk in the Red Sea.
Shipping Rates Are on the Rise as Disruptions Continue in Red Sea, Panama Canal
As shippers navigate goods around low water levels in the Panama Canal and risks in the Red Sea, rates are rising and the risk of downstream disruptions is growing.
Tech Investment, Addressing Overcapacity Among 2024 Focus for Global Container Shipper Industry
Supply chain professionals in the global container shipping industry expect more technology investment and positive growth in the market in 2024.
A.P. Moller-Maersk, Hapag-Lloyd Halt Commercial Shipping in Red Sea
Two global shipping giants, A.P. Moller-Maersk and Hapag-Lloyd, announced on Friday that they are pausing shipping in the Red Sea following continued attacks on commercial ships in the region.
Potential for 2024 East Coast Port Strike Kickstarts Supply Chain Contingency Planning
A potential longshoremen strike in 2024 could impact East Coast ports and disrupt supply chains.
Ocean Cargo Market Review with Jon Monroe
In this podcast, Logistics Management and Peerless Media Supply Chain Group News Editor Jeff Berman interviews Jon Monroe, president and founder of Jon Monroe Consulting.
More Measures Instituted as Drought Continues to Impact Panama Canal
Ongoing drought conditions continue to impact the ability of large cargo ships to quickly traverse the Panama Canal.
Biden Administration Sets Sights on Supply Chains with $653M Ports’ Investment
41 U.S. ports will share in $653 million in new investment from the federal government, the Biden administration announced last week.
Shippers are Looking for Long-Term Contracts Again
As many of the worst-case scenarios in the supply chain have not panned out, many shippers are more comfortable discussing long-term contracts with carriers, says BlueGrace Logistics executive.
The Impacts of the Israel-Hamas Conflict on Global Trade
Shipping bottlenecks, increased costs, and disrupted deliveries could result in shifting transportation of goods from the Middle East as a result of the Israel-Hamas war.
US Container Traffic Boosted by Back-to-School Rush
A bump in imports to the U.S. could be on the horizon, following a strong back-to-school season that indicate cargo volumes could reach 2 million TEUs during September and October.
Port Everglades: Expansion and Sustainability Efforts for the Future
Jonathan Daniels, CEO and Port Director for Port Everglades, joins Michael Levans, Group Editorial Director of Peerless Media’s Supply Chain Group, in a discussion revolving around the port’s continued expansion and sustainability efforts.
Moody’s: Carbon Offsets Open Supply Chains Up to Financial, Reputational Risks
A new report from Moody's finds that companies that rely on buying carbon offsets as an emisisons-reduction strategy could face financial and reputational harm.
5 Tips to Help Your Supply Chain Navigate Panama Canal Restrictions
As the drought continues to hamper ocean vessel traffic in the Panama Canal, AlixPartners offers tips on how shippers can manage the current crisis.
Panama Canal Backlog Threatens Holiday Inventories
Low water levels have caused a backlog of container vessels at the Panama Canal, and that could impact the ability of businesses to restock inventories in time for the holiday shopping season.
Maersk Hopes to Automate As Much As 80% of Logistics Within 7 Years
In an interview with a Danish newspaper, Maersk CTO Navneet Kapoor said the company is using AI to automate as much as 20% of its logistics tasks today and hopes to increase that to 80% within seven years.
2023 Container Shipping Outlook: This Time is Different
The period from mid-2020 to the fourth quarter of 2022 was a high-water mark for the container shipping industry, and with it came unprecedented turmoil, disruption, and prosperity, and that period was, above all, a period of extremes: extreme rate rises, extreme container and labor shortages, extreme delays, extreme congestion, and extreme chaos for exporters and importers alike, this time it's different.
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