Cosco Shipping, CU Lines expand fleets with 20 new container ships
Cosco’s transaction is a charter deal with New York-listed, Greece-based Costamare Inc. for 16 container ships — a dozen 9,300-TEU vessels and four 3,100-TEU ships.
Cosco’s transaction is a charter deal with New York-listed, Greece-based Costamare Inc. for 16 container ships — a dozen 9,300-TEU vessels and four 3,100-TEU ships.
The Georgia Ports Authority will fund and initiate its own study for dredging and widening its ship channel and harbor as the US Army Corps of Engineers may lack the funds in 2027.
Global cargo capacity has largely recovered to pre-shock levels, while international routes have yet to be seriously affected by jet fuel shortages, according to Xeneta.
US shippers of oversized cargo are being buoyed by positivity and strong demand in the Americas, but are struggling with capacity challenges and the uncertain geopolitical backdrop.
While the logistics giant has more fuel certainty at major hubs, the ongoing crunch is raising prices and posing challenges at some Asia-based airports.
Lower spot rates historically lead to larger withdrawals of non-alliance operated vessels on the shipping corridor, per Sea-Intelligence.
A long-term decline in US forest product production is being accelerated by the increasing use of composite materials that require less wood and trade policy complications abroad.
The Sustainable Packaging Coalition’s Retailer Forum initially considered challenges with flexibles and will next focus on bottles, containers and closures.
The long-term prospect for diesel costs and fuel surcharges is pushing US truck shippers to rethink how they move freight, and even to redesign networks.
The services, which include land bridge options to circumvent the still-effectively closed Strait of Hormuz, appear to be an acknowledgement by the liners that Hormuz will remain a no-go zone for the foreseeable future.