PORT STRIKE THREAT HELPS BOOST TRANS-PACIFIC CONTAINER RATES A late-year freight surge has kept ocean container rates elevated on trans-Pacific routes to the United States. Routes from Asia to the U.S. West and East coasts showed narrow increases for the week ending Dec. 20, according to shipping data analyst Freightos, and are about 15% higher …
SHIPPERS WARNED OF CHAOTIC START TO 2025 FOR CONTAINER SHIPPING DHL Global Forwarding said that stronger than expected demand container shipping is being seen in the final months of 2024. In its Ocean Freight Market Outlook December 2024, the company noted that Chinese exports were exceeding expectations due to expected tariff hikes by incoming US …
SHIPPERS URGE LONGSHORE UNION, EMPLOYERS TO RESUME CONTRACT TALKS With just weeks to go until a contract extension runs out, a coalition of shippers is urging East and Gulf coast port employers and union longshore workers to resume negotiations to avert another port strike. In a letter to International Longshoremen’s Association President Harold Daggett and …
UNION, EMPLOYERS RESUME WAR OF WORDS IN EAST COAST PORT CONTRACT DISPUTE The war of words resumed this week between port employers represented by the United States Maritime Alliance (USMX), and the International Longshoremen’s Association union and their 45,000 workers at East and Gulf Coast ports. The sides had agreed to a media blackout when …
RIVALS SCRAMBLE TO KEEP PACE WITH MSC The unmatched scale and growth ambitions of Mediterranean Shipping Co (MSC) is forcing competitors to scramble for tonnage. Alpahliner is reporting that MSC has now surpassed 400 secondhand ship purchases since it embarked on a historical buying spree amid the covid pandemic in August 2020. Alphaliner tallies 402 …
EU AND UK ISSUE SANCTIONS AGAINST IRISL The UK and the European Union have targeted Islamic Republic of Iran Shipping Lines (IRISL) in their latest round of sanctions. The Iranian containerline and its CEO, Mohammadreza Modarres Khiabani, have been sanctioned over the company’s ongoing military support to Russia’s war against Ukraine and to armed groups …
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