More than half the carrier's fleet is deployed on the trans-Pacific, where rates have been on a steep upwards trajectory since January.

The CMA CGM subsidiary unveiled a new operating model Tuesday, which Patrick Moebel believes will create a simplified, more customer-centric organization and improve productivity.

Ocean carriers are increasingly using Indian west coast terminals to relay Middle East-bound cargo originating in the US, Europe and Africa, thus extending the regional shift beyond Asia-Persian Gulf trades.

The agency says the ocean carrier will be subject to fines of up to $25,000 a day if it has determined that the late payment to an Oregon-based shipper is “willful and knowing.”

The agency says the ocean carrier will be subject to fines of up to $25,000 a day if it has determined that the lack of payment to an Oregon-based shipper is “willful and knowing.”

While fleet supply is growing, vessel specialization, low demolition activity, port congestion, and ongoing disruptions to traditional trade lanes are all limiting the amount of capacity effectively available to project cargo and breakbulk shippers.

The initial phase of the port's strategy focuses on limiting storm damage at the Dundalk Marine Terminal, Baltimore's primary ro/ro facility, attendees at the American Association of Port Authorities conference were told.

The nationwide decrease in truck drivers is colliding with strong import demand tied to the Texas infrastructure boom and healthy resin exports.

But forwarders and analysts doubt whether the rate hikes due to take effect in the next few weeks will stick given rates are sliding from a two-year peak hit at the beginning of September.

As the US looks to ramp up expansion of its reactor fleet, new nuclear cargoes could offer freight diversification for the multipurpose vessel sector.

Executives at three major container lines say Asia port congestion removed significant functional capacity from the trans-Pacific trade in September, raising expectations that the earlier-than-anticipated peak season now has a longer tail.

While New Jersey state officials say the worker classification law is not a major change, the port drayage industry is concerned about higher costs and the potential exit of drivers.

Volume on the Asia-North America trade lane has recovered rapidly from the summer slowdown, with demand growth shrugging off soaring fuel prices and elevated rates.

The expansion of the US manufacturing sector could drive up demand for project cargo logistics, including heavy-haul trucking and inland waterway transport.

Dry weather has steadily reduced navigable water levels on Europe’s most important container and chemical transport artery to the point where barge transport has become largely unviable.

The carrier will establish a new Asia-Pacific regional headquarters in Singapore, with Africa to be managed from Dubai.

Securing approval for the $4.2 billion deal has proven to be a difficult task, given Tel Aviv’s framing of the Zim acquisition as a national security issue.

The carrier has taken a more cautious approach to the Red Sea than some of its industry peers, with CEO Rolf Habben Jansen repeatedly stressing that a broader return to the shorter, and riskier, route would depend on sustained security improvements in the region.

The carrier's apparent decision to return the TPI loop to the Red Sea/Suez route comes amid mounting industry pressure as several competing services have already made the move.

The carrier boosted its earnings guidance for the year by approximately $1 billion, citing continued strength in spot freight rates.