Port of Charleston Reduces Backlog and Sets Latest Monthly Cargo Record

The Port of Charleston in South Carolina set yet another monthly cargo record in April while also making “significant progress” with port and berth “fluidity,” i.e. reducing congestion. South Carolina Ports reported its busiest April on record, marking the 14th consecutive month of cargo records at the Port of Charleston. Strong volumes were driven by retail […]

FMC to intensively monitor pricing and capacity tactics of ocean alliances

The independent federal agency of the United States, Federal Maritime Commission (FMC) has announced enhanced monitoring of the three global container shipping alliances. FMC said in its latest statement that “the three global ocean carrier alliances and each of their member companies will now be required to provide enhanced pricing and capacity information.” The commission […]

Will The Black Sea Become The Next Front In The Ukraine War ?

On the surface, the tiny Ukrainian navy, just 5,000 active-duty sailors and a handful of small coastal boats, appears to be significantly overmatched by Russian maritime forces. The Kremlin’s Black Sea fleet consists of over 40 frontline warships. The Russians seem poised to cut off the Ukrainian economy from access to the sea — essentially re-creating the […]

Marine Insurance Industry Braces for More Risk

The marine insurance industry is bracing to meet an expected upswing in multidimensional risk across product lines.    That is the consensus of many panelists speaking Tuesday at the Marine Insurance Americas conference in New York.   Rising inflation is among the most prominent emerging risks. It increases the cost to settle valid marine casualty and […]

Port Snarls Point to Worsening Global Supply Chain

Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China’s COVID-19 lockdowns, Russia’s invasion of Ukraine and other strains cause even longer delays at ports and drive up costs. The study by analysts at Royal Bank of Canada (RBC) found that one-fifth of the global container ship […]

War in Ukraine and Omicron disrupts Air Cargo movements

The International Air Transport Association (IATA) released March 2022 data for global air cargo markets showing a drop in demand. The effects of Omicron in Asia, the Russia – Ukraine war and a challenging operating backdrop contributed to the decline. Note: The numbers are to year-on-year traffic comparisons, instead of comparisons with the 2019 period, […]

The Way We Look At The Global Economy Needs To Change In Future

Global supply chains are knotting up from China to Denmark, sparking re-examinations of things as macro as globalization itself and micro as trucking efficiency around American ports. As for the big picture, the intertwined world economy took decades to stitch together and will take years to play out, however it evolves. In the meantime, economists are squinting to see the […]

Maersk increases full-year guidance while warning box volumes are dropping

Like 2021, A.P. Møller – Mærsk is being forced to revise upwards its full-year earnings guidance. Unlike last year, however, the Danish carrier is warning container volumes could actually drop – another indication of the jittery state of the global economy, buffeted by war and high inflation. In releasing its Q1 results today, Maersk, widely […]