Ports of LA and Long Beach partner with Singapore to create “green and digital shipping corridor” Plan launched at COP28 climate conference to decarbonize the shipping industry December 6, 2023 DC Velocity Staff No Comments Plan launched at COP28 climate conference to decarbonize the shipping industryRead More
Hapag-Lloyd is latest to add “war risk surcharge” on shipments to and from Israel Ongoing violence in region leads to climbing insurance rates for vessels calling Israeli ports December 1, 2023 Ben Ames No Comments Ongoing violence in region leads to climbing insurance rates for vessels calling Israeli portsRead More
Five container shipping giants call for tighter carbon regulation of their industry In statement at COP28 climate conference, maritime liners launch plan to end construction of fossil-only powered ocean vessels December 1, 2023 DC Velocity Staff No Comments In statement at COP28 climate conference, maritime liners launch plan to end construction of fossil-only powered ocean vesselsRead More
Panama Canal restrictions delay bulk goods vessels more than container ships However, freight vessels must carry fewer containers per trip due to draught limitations as drought persists, Container xChange says November 30, 2023 DC Velocity Staff No Comments However, freight vessels must carry fewer containers per trip due to draught limitations as drought persists, Container xChange saysRead More
TJC acquires fast-growing Dutch maritime spare parts logistics firm Private equity firm says deal will boost Global Transport Solutions, clients, staff, and employees November 28, 2023 DC Velocity Staff No Comments Private equity firm says deal will boost Global Transport Solutions, clients, staff, and employeesRead More
Hapag-Lloyd opens technology center in India to boost IT capabilities Joint venture with software provider Solverminds becomes third tech hub for the ocean carrier November 22, 2023 DC Velocity Staff No Comments Joint venture with software provider Solverminds becomes third tech hub for the ocean carrierRead More
2024 LOGISTICS OUTLOOK A new outlook that’s a lot like the old outlook Growth in the freight and logistics markets stalled in 2023 owing to overstocking, weak demand, and excess capacity. Expect more of the same in 2024. November 20, 2023 Gary Frantz One Comment Growth in the freight and logistics markets stalled in 2023 owing to overstocking, weak demand, and excess capacity. Expect more of the same in 2024.Read More
Port of Oakland says export traffic bounced back in October as congestion delays dissipated But imports slumped compared to last year as consumer spending cools off from red-hot pandemic realm November 17, 2023 DC Velocity Staff No Comments But imports slumped compared to last year as consumer spending cools off from red-hot pandemic realmRead More
Container imports wind down for the year, NRF and Hackett say Most imported holiday season merchandise is already in retailers’ stores and DCs November 13, 2023 DC Velocity Staff No Comments Most imported holiday season merchandise is already in retailers’ stores and DCsRead More
U.S. ports gain $653 million for infrastructure improvement projects Federal funds will help modernize America's seaports, American Association of Port Authorities says November 6, 2023 DC Velocity Staff No Comments Federal funds will help modernize America's seaports, American Association of Port Authorities saysRead More