Since December 21st, the Federal Maritime Commission (FMC) has granted seven emergency waivers to container lines, allowing for the rapid implementation of surcharges on ocean freight tariffs, bypassing the customary 30-day notice period. These surcharges aim to offset the increased operational costs incurred by ocean carriers diverting from the Suez [...]
In the freight market update for Week 06 of 2024, we see continued volatility with some lanes experiencing increased demand and others facing capacity constraints. LUNAR NEW YEAR The Lunar New Year begins on February 10, 2024 and lasts through February 17, 2024. Manufacturers typically shut down for 7-14 [...]
In the freight market update for Week 05 of 2024, we see continued volatility with some lanes experiencing increased demand and others facing capacity constraints. Ships continue facing threats from Houthi rebels in the Red Sea despite U.S. naval assistance. Recent reports show a 30% decrease in ship traffic [...]
WEEK-LONG RAIL STRIKE German rail workers are in the midst of a week-long nationwide strike over working conditions and pay disputes. The Gewerkschaft Deutscher Lokomotivführer (GDL) initiated the strike. Spanning from January 23 to January 29, 2024, the labor action involves locomotive drivers, dispatchers, and other transport sector employees. [...]
WEEKLY FREIGHT MARKET UPDATE In this week's comprehensive freight market update, several global factors are shaping the logistics landscape. Carriers are strategically adjusting their operations in February, incorporating blank sailings to flexibly address capacity needs, with emphasis on USWC or USEC. Notably, the extended Cape of Good [...]
The Federal Maritime Commission (FMC) has scheduled an informal public hearing on February 7, 2024, to investigate the impact of conditions in the Red Sea and Gulf of Aden regions on global supply chains and commercial shipping. The hearing aims to facilitate communication between stakeholders in the supply chain and [...]
Maersk and Hapag-Lloyd recently signed a long-term agreement to form the "Gemini Cooperation." Scheduled to launch in February 2025, this new operational partnership will combine portions of each company's fleets to develop a global network with the goals of reducing transit times and lowering their carbon footprint. GEMINI COOPERATION "The [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor [...]
WEEKLY FREIGHT MARKET UPDATE Green Worldwide Shipping's Freight Market Update covers port information, import and export news, vessel wait time and cargo vessels at major ports & more. For continuous updates, make sure to check out our website at greenworldwide.com. As Green continues to monitor [...]
ZERO-EMISSIONS REPORTING EXTENDED The California Air Resources Board (CARB) has granted heavy-duty truck owners and operators - including drayage vehicles - an extra month to complete their 2023 reporting for the Clean Truck Check program. The new deadline for entering information into the Clean Truck Check-Vehicle Inspection System (CTC-VIS) [...]
