“Softening consumer demand is bringing down shipping rates” – CMA CGM
"Softening consumer spending has dragged down shipping demand and freight rates," shipping giant CMA CGM said on Friday after reporting further gains in quarterly profits.
Major port congestion at East Coast US
Volumes up 11.9% since May Port congestion remains a major hurdle for U.S. supply chains, with billions of dollars’ worth of products at anchor or inland, and the shift in…
There will be 30% more container shipping capacity in 2 years!
For a suspicious cartel that President Biden believes is sneaking up on Americans, containership oligopoly does do a poor job of managing its future capabilities. New container ship prices continue…
The Port of Long Beach has signed on to the Shanghai-Los Angeles Green Shipping Corridor
The Port of Long Beach has signed on to the Shanghai-Los Angeles Green Shipping Corridor, a partnership of C40 Cities – a network of mayors of nearly 100 world-leading cities collaborating…
Is America about to impose the Ocean Shipping Reform Act for the US farmers & ranchers?
American Farm Bureau Federation President Zippy Duvall spoke with President Biden today to discuss several challenges farmers and ranchers are facing and the importance of final Congressional action on the Ocean Shipping Reform Act to address the backlog at our ports.…
Container shipping spot rates could soon fall below contract rates
Zim, the world’s tenth largest container shipping line, posted the best quarterly results in its history on Wednesday. It hiked its full-year guidance and now predicts 2022 earnings will be…
