Ocean Cargo

CMA GGM said that the objective of this deal is to “grow its presence in the logistics sector, which is closely related to shipping.” And it added that the closing of this deal is subject to the completion of CEVA’s planned IPO on the SIX Swiss Exchange, which was announced on April 20, in addition to approval from regulatory authorities.

Ocean container volumes in Northern Europe are seeing decent gains, coupled with anticipated growth throughout 2018, according to the most recent edition of the Global Port Tracker report from maritime consultancy Hackett Associates and Institute of Shipping Economics and Logistics. But at the same time, the report said that a fair amount of uncertainty and overcapacity remains.

A new partnership forged between two prominent global supply chain consultancies was announced today by Chainalytics and Drewry Supply Chain Advisors.

Mergers and acquisitions activities for ocean cargo carriers are likely to slow down in 2018, say industry analyts, as trend is likely to “pivot” to freight forwarders.

A strong wind is expected to continue blowing on the economic seas in the first half of 2018 but could recede for the full year, based on the most recent edition of the Port Tracker report, which was released late last week by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

Port Tracker expects December to come in at 1.6 million TEU, which would mark a 2.6% annual gain, with all of 2017 pegged at 20.1 million TEU. This would mark a new all-time record, ahead of 2016’s 18.8 million TEU by 7%. What’s more, 2017 included five of only seven months on record to reach 1.7 million TEU or more.

Heading into August, analysts at global trade intelligence firm Panjiva said that the month could set a new record for the number of United States-bound waterborne shipments. That estimate turned out to be accurate based on data the New York City-based firm issued this week.

Records are made to be broken for many different things, and in the case of United States-bound retail container volumes, records are being set in recent months, according to the most recent edition of the Port Tracker report issued this week by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

TOTE recently announced its intention to establish a new domestic shipping service to Hawai’i. The company is working with Philly Shipyard to construct four new environmentally advanced containerships, custom built for the trade.

As it indicated in its previous report, data recently issued by San Francisco-based freight forwarding and customs brokerage services provider Flexport in its July 2017 Market Update continues to pinpoint the pairing of rising volumes and rates with Peak Season here.

Continued growth appears to be the main thesis looking out over the next decade for the freight transportation market, according to the American Trucking Associations (ATA) ATA Freight Transportation Forecast 2017, which was released today.

Carriers must optimize networks

The maritime industry and broader ocean supply chain are suffering from major and costly inefficiencies due to ineffective data sharing and poor cross-industry collaboration, according to a new report and industry survey released today by the Business Performance Innovation (BPI) Network in coordination with Navis and XVELA, both part of Cargotec

Even with a somewhat reduced growth forecast, the most recent edition of the Port Tracker report from the National Retail Federation (NRF) and maritime consultancy Hackett Associates stated that United States-bound retail container volumes call for an all-time volume high by the end of this summer.