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Ocean Transportation: Page 102

EU’s Ban on Russian Fuel to Spark a Jump in Global Tanker Demand
The European Union’s ban on Russian fuel imports is likely to actually increase the world’s need for oil tankers, according to vessel owner Torm A/S.
Photo: Bloomberg.
Watch: Time to Digitize Your Ocean Freight Contracts
The ocean freight industry is greatly in need of a way to automate and digitize the contracting process — and so is every other stage of the supply chain, says Matt Marshall, senior vice president with NYSHEX.
Matt Marshall Main V02
Best Buy Says Supply-Chain Strains Are Improving Heading Into Fall
Consumer-electronics retailer Best Buy added to the mounting signs of ample capacity and receding freight rates, with a note that transportation markets are “stabilizing and moderating” heading into the fall peak season.
Best Buy Storefront I Stock 1044833254
How Visibility Can Ease the Pain of Long Chassis Return Times
The trucking industry is still far from solving some of its deepest challenges since the pandemic, such as the shortage of intermodal chassis in circulation.
Truck chassis sit stacked at the APM shipping terminal in the Port of Los Angeles. Photo: Bloomberg.
Average Container Prices and Leasing Rates Decline in China Amidst Peak Season Shipping
Average container prices halved from August 2021; leasing rates declined by 17% from June to July this year. Further, China to Canada one-way leasing rates decline at the highest rate by 49 per cent as compared to China to any other country.
Source: Shutterstock
Europe’s Natural-Gas Crunch Sparks Global Battle for Tankers
Europe’s energy crisis is unleashing a global battle over liquefied natural-gas (LNG) tankers, with rates to charter the specialized ships jumping to record highs.
An LNG power ship undocks in Singapore. Photo: Bloomberg.
Podcast | Maritime Intelligence: Can AI Predict the Unpredictable?
On this episode, we learn how carriers can improve their service record through the use of data analytics and an unprecedented level of visibility. The answer lies in the application of artificial intelligence and machine learning.
0415 Shipping Industry
Another Month of High Volume at Port of L.A., While Exports Continue to Fall
July saw another “outstanding” month for cargo volumes at the Port of Los Angeles and wait times were down, said port executive director Gene Seroka, while noting that exports had continued to decline for three years.
An aerial view of Pier 400 at the Port of Los Angeles. Photo: Port of Los Angeles.
China Restarts Military Drills in Response to Latest U.S. Lawmakers’ Visit to Taiwan
China is resuming its military drills in the region following the surprise arrival of a new delegation of U.S. lawmakers, apparently aimed at demonstrating Beijing’s ability to mount a blockade of Taiwan.
A China and U.S. flag wave side by side in the wind. Photo: Getty.
U.S. Supplier Inflation Logs Slowest Pace Since Last Fall
A key measure of wholesale costs shows U.S. suppliers raised prices in July at the slowest annual pace since last fall, adding to signs that the rapid growth in production expenses that has helped fuel consumer inflation is easing.
A heavy goods vehicle drives down a highway at dusk. Photo: Getty.
FMC Seeks Comments on Possible Emergency Order to Share Information
If the Commission issues an emergency order, common carriers and marine terminal operators would be required to share directly with relevant shippers, rail carriers, or motor carriers information relating to cargo throughput and availability.
A CMA CGM Group container ship is berthed at the Port of Oakland in Oakland, California. Photo: Port of Oakland.
Container Lines Are Set to Smash Year-Old Profit Record by 73%
The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.
A crane carries shipping containers owned by AP Moller-Maersk A/S away from a ship. Photo: Bloomberg.
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