MSC’s CEO, Soren Toft, expects global supply chains to become more fragmented, leading shippers to favor direct port calls over speed. Speaking at the International Association of Ports and Harbors (IAPH) World Port Conference, Toft said, “Supply chains are no longer centered around just a few countries, and no longer rely on one or two
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
Global shipping saw a 17.2% increase in TEU-mile demand in 2024 due to vessel diversions around the Cape of Good Hope, according to Xeneta. To counter longer transit times, the global fleet will expand by 4.5% in 2025, though at a slower growth than in 2024. Despite lower consumer demand, the longer routes have kept
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
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.
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
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
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
Thirty-six major U.S. ports are at risk of a standstill from the impending strike by the International Longshoreman Association (ILA). The ILA represents 85,000 workers across the East and Gulf Coasts of the U.S., and the current contract expires on September 30, 2024. Kim Ekstroem, Shipco’s Global COO – Air, discusses the potential fall out
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;
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