2018 Rate Outlook: Economic Expansion, Pushing

The best global growth rate in seven years—3.2% in 2017—is based on firm foundations, contend leading economists. They add that, barring a significant shock, this current expansion has plenty of “staying power” and should continue to push rates up and keep capacity constrained around the globe. According to Nariman Behravesh, chief economist at IHS Markit, […]

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Pacific Rim Shipping Report: A zero-emission future

The U.S. West Coast was rife with controversy in 2017, particularly over the threats posed by environmental advocates and community activists targeting the nation’s largest ocean cargo gateway with legal challenges to its massive transportation network. Amid the rancor, however, cooler heads prevailed as the governing boards of the ports of Los Angeles and Long […]

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Air cargo continues to carry the day

While trans-Pacific ocean traffic was especially robust this past peak season, industry analysts were also impressed by the air cargo surge in the region. If this trend is to continue, however, the need for improved airport infrastructure is obvious. The Association of Asia Pacific Airlines (AAPA) notes that the solid expansion in international air cargo […]

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Drewry Supply Chain Advisors say ocean cargo rates will firm up in 2018

After the strong upwards correction of freight rates witnessed in global ocean container transportation during 2017, the question now is whether the trend will continue for another year or whether rates will stabilize. According to Philip Damas, director of London-based Drewry Supply Chain Advisors, one temporary factor behind the increases was the bankruptcy of Hanjin […]

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Cyber attack launched against prominent ship broker and international consultancy

By Patrick Burnson, Executive Editor · November 30, 2017 Clarksons PLC, the London-based shipbroker and ocean cargo consultancy, has confirmed that it is the latest victim of a sensational cyber attack. The violation comes in the wake of the security breaches committed against Maersk Line and FedEx subsidiary TNT Express earlier this year. Clarksons confirms […]

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October imports turn in strong performance, reports Panjiva

The ongoing trend of very positive momentum for United States-bound waterborne shipments remained firmly intact in October, according to data released this week by global trade intelligence firm Panjiva. October shipments rose 3.2% annually to 1,016,892, which was ahead of September’s 976,605, while the annual spread in October was down compared to September’s 4.9%. Panjiva […]

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Descartes analyst shares insight on U.S. port infrastructure and supply chains

By Patrick Burnson, Executive Editor · November 13, 2017 Editor’s note: This article originally appeared in LM’s sister publication, Supply Chain Management Review.  Last week when SCMR reported that the expanded Panama Canal may lead to reconfigured supply chains, analysts speculated that the impact was also apparent in many other ports along the U.S. East […]

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Ocean Network Express opts for XVELA as its cloud platform

By Patrick Burnson, Executive Editor · November 9, 2017 XVELA, a cloud collaboration platform for ocean carriers and terminal operators, recently announced that Ocean Network Express Pte. Ltd. (“ONE”) has selected XVELA’s next-generation Collaborative Stowage solution to meet its stowage planning needs. The selection of XVELA’s cloud-based solution underscores the commitment of ONE to take a […]

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2017 Admiral of the Ocean Sea Awards Ceremony Champions The Jones Act

The United Seamen’s Service (USS) 2017 Admiral of the Ocean Sea Awards (AOTOS) were presented before some 700 maritime industry leaders to Andre Grikitis, Operating Chairman, Intermarine LLC; Captain Thomas Merrell, President, General Dynamics American Overseas Marine (AMSEA) and James Miller, Chairman, Board of Directors, Philly Shipyard ASA.  It also provided a forum to champion […]

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