Hapag-Louid confident in the US-China tariff challenge
Hapag-Lloyd, the world's fifth largest container transport company, remains confident in its ability to make the latest round of tariffs on Chinese goods in the United States. CEO Rolf Habben Jansen assured stakeholders at a press conference that despite the recent 10% tariff, no alert is required. Also Read: Hapag-Lloyd invests $4 billion in 24 dual-fuel containers to drive decarbonization targets “It’s too early to press the panic button,” Habben Jansen said. “He noted that predictable changes, such as tariffs, are easier to manage than sudden disruptions such as the 2023 Red Sea Crisis. At that time, Houthi militants targeted ships on the Suez Canal. Habben Jansen downplayed the direct impact of tariffs on global trade flows, similar to previous tariff implementations during former U.S. President Donald Trump’s first term (2017-2021). Despite these measures, global trade remains strong. "The U.S. president also wants the U.S. economy to grow. He added that they will need more goods. He expects global shipping…
CARGOAI and CMA CGM Air Transport Alliance to Improve
Cargoai, the leading digital facilitator in the air cargo operation industry, announced a strategic partnership with CMA CGM Air Cargo, the Air Transport Department of CMA CGM Group’s global logistics and power company. The collaboration will revolutionize airship bookings by integrating CMA CGM Air Cargo's extensive network into Cargoai's Advanced Cargomart platform. Also Read: CMA CGM Delays Peak Season Surcharge for Freight Expected in the U.S. After a successful pilot phase, CMA CGM air cargo will now offer its digital booking service through Cargoai. The integration is designed to provide freight forwarders with an enhanced, simplified booking experience, allowing them to access a wider range of routes and services. Cargoai CEO Matt Petot shared his passion: “Working with CMA CGM Air Cargo, a key player in the air cargo operation industry, highlights our commitment to delivering cutting-edge digital solutions to increase efficiency and optimize operations in the air ticket industry.” Cargomart features real-time capacity and rate visibility, instant quotes, e-booking,…
Dynamic warehouse evolution: Lucas system unveiled
Lucas Systems, the leader of the distribution center technology field, launched a high -end software enhancement function, which aims to change warehouse operations in real time. The latest update of its dynamic work optimization (DWO) system uses powerful new algorithm and digital two mapping to enable the use of orders for order batch processing, priority, and more intelligent and faster decisions of the path and slot. Please also read: seamless inspection: pioneering innovation during warehouse inspection By integrating these innovations, the enhanced DWO considers the complexity in the real world, such as the priority of order, SKU cluster, closeness and layout to improve the overall warehouse performance. An excellent function is that it can optimize the ability of the selection path, which may reduce the travel steps of workers by up to 50 %. At present, the new system will also have an impact on the effects of equipment such as forklifts and cherry pickups, which proves that even the…
Statement of the US Port Authority Association
The US Port Authority Association (AAPA) issued the following statements today to look forward to the new tariffs on the Trump administration: Please also read: Trump's extensive tariffs on Global Trade Branch to Mexico, Canada and China "Tariffs are taxes," Cary S. Davis, president and CEO of AAPAEssence "Although the port industry supports President Trump's efforts to combat illegal drug flows, tariffs will slow down our supply chain, taxation in US business, and increasing the cost of diligent citizens. Instead, we call on the government and Congress The plan is to achieve these policy goals and exempt from projects that are vital to national security, including port equipment. " About AAPA The United States Port Authority Association (AAPA) is a unified voice of port leaders of the entire Western Hemisphere and partners in the maritime industry. They play a vital role in creating, international competitiveness and economic prosperity. AAPA members organize national policies and infrastructure investment to support flexible global…
Freight vision: ceasefire and seasonal slow driving driver
Driven by the ceasefire in the Middle East and the typical lunar New Year, the transportation rate of marine containers is expected to further decline in February, even if the airline tries to control its capabilities. Also read: When Suez is open again and promotes market fluctuations in the Lunar New Year, the spot rate of the container has plummeted The data of Xeneta shows that since January 1, the current spot rate has declined significantly, and the route from Far East to Nordic has decreased by 22 % to $ 3,795. On the Mediterranean lane $ 3085. Early signals show that in early February, these rates may increase by 5-10 %. In the United States, the trend is similar. In January, the interest rate on the east coast fell 7 % to $ 6,417, while the interest rate on the West Coast fell 14 % to $ 5,021. Although the speed of the east coast may be stable, it…
Mexico has strengthened the economy in potential US tariffs
As Bloomberg's recent report emphasized, Mexico is actively protecting its economy from the impact of potential US tariffs. Rogelio Ramirez de La La O), Minister of Finance of the country, emphasized that Mexico's preparation on investors' calls with investors, and quoted a large number of international reserves that can reduce export pressure Essence Please also read: Trump's extensive tariffs on Global Trade Branch to Mexico, Canada and China Due to the concerns of tariffs on the impact of emerging markets, the peso in Mexico showed the toughness, and in Mexico President Claudia Sheinbaum and US President Donald Trump to propose to propose Active discussion was conducted during the 25 % delay period, so it reversed major selling, thus obtaining 0.6 % selling, thereby obtaining a 0.6 % tariff. This background emphasizes the flexible exchange rate of peso as a natural buffer, which may greatly reduce the effective impact of such tariffs. Despite cautious optimism, Lamirez still expresses expectations of potential…
U.S. stocks have increased with the increase in Apple’s income and inflation index
After Apple's steady income report and the Fed's inflation index consistent with market expectations, US stocks held a dragon on Friday. As the deadline settled by the former President Donald Trump is about to come, investors are still in a marginal state. Read more. Also read: In the case of AI investment, Apple exceeds technology peers Focusing on technology, Nasdaq Composite Materials (^I Tocie) rose 0.9 %, which was performed well in the technical field. The S & P 500 Index (^GSPC) increased by about 0.5 %, while Dow Jones Industrial average (^DJI) rose 0.3 %, all of which continued the upward trend of Thursday's movement. According to data from the INDEXBOX platform, although the volatility in the market continues, these income reflects positive investor emotions. Apple shares have soared in the market after the announcement of the first quarter of the estimate. Despite the sluggish sales of iPhone and China, the market has responded optimistic about promising revenue forecasts.…
Trump’s extensive tariffs on Mexico, Canada and China
President Donald Trump's imports of President Donald Trump have levied extensive new tariffs on imports from Mexico, Canada and China, upgraded the tension with major trading partners, and triggered immediately retaliatory. The tariff is designed to curb the flow of drugs and illegal immigrants, but it is expected to increase consumer prices in various products from cars to avocado. Please also read: Container EXCHANGE Customer Consultation: Trump 2.0, tariffs and transactions According to administrative lawsuits, the United States will impose 25 % tariffs on all imports of most of the products in Mexico and Canada, while Chinese imported goods will face 10 % of taxation. It is worth noting that Canadian energy products will be reduced by 10 % of tariffs to reduce the interference of fuel, power and natural gas supply. This also eliminates the De Minimis exemption, which allows imports of $ 800 for no tax. This change will greatly affect small enterprises and e -commerce giants, such…
When the container was imported for 15 months, the US port traffic was busy
According to the latest analysis of transportation expert John McCown, the country's ten largest ports in the country in December increased by 14.2 %, which was fifteen -month growth. Also read: The US port is expected to have a hopeful 2025 outlook in one year. McCon pointed out in his report: "Compared with the peak of the popular drive, this continuous surge has a double -digit decline for 15 consecutive months." In the full year of 2024, the volume of the in -site container increased by 15.2 % in 2023, which is the second highest growth in the record, which is only 17.5 % in 2021. In contrast, the load growth of the outlet lags behind 4.4 %. Comparing the current numbers with the pre -pre -level level, McCon emphasized that the number of stations in December 2024 was 24.2 % higher than December 2019, reflecting the five -year compound annual growth rate (CAGR) to 4.4 % -to use it…
The Red Sea crisis and global trends have promoted ship maintenance
The maritime industry is working hard to deal with the rising costs of ships and spare parts, because the geopolitical tension in the red navy transportation route bypasses Africa. This transformation is intensifying operational challenges and exaggeration of procurement costs. Please also read: Trump targets terror names in the continuous Red Sea shipping crisis Drewry, the leading Maritime Research Company, said that from Bab-Al-Mandab (Bab-Al-Mandab Sea), it drove to a cloak of hope, driving a ton mile tons mile. In addition, the transfer of the Suez Canal has destroyed the established procurement routine and forced operators to rely on South Africa ports. Here, the cost of stores and spare parts is significantly higher. Drewry's latest research data show that the cost of global stores and spare parts rose 5.4 % and 5.5 % in 2024, respectively. However, the company pointed out that these costs are not only due to changes in the route. The report emphasizes a wider range of…
When Suez is open and new in the lunar calendar
After the recent Hamas-Israel ceased fire, under the driver of the Chinese Lunar New Year celebration and the recovery of the Suez Canal transition, container spot freight rates have dropped sharply this week. The development of these situations is sweeping the market and enlarging volatility on key trade lanes. Please also read: The strong December US container import was closed for 2024, but the potential challenge was imminent in 2025 Druori's World Container Index (WCI) records a large number of declines. The transdiflow spot rate on the Shanghai Los Angeles route has decreased by 8 % to $ 4,813 per 40 feet. It was 7 % and closed at $ 6,377 per 40 feet. At the same time, XSI Transpacific Index of XENETA dropped by 3 % and landed at $ 5,162 per 40 feet. However, the biggest reduction rate occurred in Asia-Europe transactions. In this transaction, people worry that the concerns of war have been realized. The Shanghai-Roddan route…
E-commerce boom insulates air cargo from volatility
The air cargo industry is facing continued volatility as changing global conditions threaten to dampen demand. Although air cargo volumes surged 18% last year, Scan Global Logistics (SGL) warned that double-digit growth may not be achieved in 2025. Also read: Air cargo growth to slow in 2025 SGL attributed last year's strong performance to shipping disruptions caused by the Red Sea crisis. However, recent progress in addressing attacks in the region may reduce reliance on air cargo, potentially affecting near-term demand. David Jinks, head of consumer research at Parcelhero UK, highlighted further challenges, including possible policy shifts under the new US administration. "Traders driving growth in US online sales may face increased scrutiny from the IRS, while Trump-era tariffs could redirect UK manufacturers towards the EU," Jinks explained. Meanwhile, a report from Danish shipping giant Maersk highlighted the growing trend of localization and regional supply chains. Factors such as the need for faster delivery, lower costs and mitigating geopolitical risks…
Trump targets the terror name …
President Donald Trump has signed an administrative order and began to designate Ansar Allah in Yemen (usually known as Houthis) as a foreign terrorist organization (FTO) Essence This operation responded to the surge in the attack led by the Strategic Ocean Corridor in the past 15 months. Also read: Despite the ceasefire of Gaza, the Red Sea Trading route still faces the uncertainty of extension With the support of the Iranian Islamic Revolution at the Iranian Army, it was related to more than 100 attacks on the key Bab Al-Mandeb Strait. These incidents led to the sinking of the two ships, the death of the four seafarers, and the severe damage to global trade, forcing the shipping company to rebuild and promote the global inflation rate. Administrative orders wrote: "The actions of Hushis have endangered the security of American civilians, threatened our regional allies, and destroyed the stability of global marine trade." After consulting with officials and the Ministry of…
Descartes Study: 74% of Supply Chain Leaders Focus on Technology
Global trade intelligence and global trade analytics are top technologies expected to deliver business value Descartes Systems Group, a global leader in allied logistics-intensive business enterprises, has released findings from its research report, What Companies Are Doing to Address Escalating Global Supply Chain Challenges. Research shows that in the face of growing global trade challenges such as tariffs and trade barriers, supply chain disruptions and geopolitical instability, 74% of supply chain and logistics leaders surveyed view technology as critical or very important to their organization’s growth strategy important. That number jumps to 88% for companies expected to grow more than 15% over the next two years. Additionally, 59% of respondents believe technology is extremely or very important in providing a competitive advantage in international trade. Also read: Addressing global trade risks through strategic financial planning When considering which technology capabilities are expected to help companies involved in international trade grow their business and gain a competitive advantage, 36% of respondents…
U.S. Interest in Greenland – The Case for Shipping and Reserves
The media is in tears over President Trump’s interest in acquiring Greenland. Few would argue that the president's rhetoric has always been measured. Part of his appeal lies in his off-the-cuff remarks, which in turn create news and spark debate. As a marketer, the president is probably one of the best marketers of all time. Staying relevant is the point. Also read: Global shipping markets face turmoil as tanker rates soar on China routes Yet behind the 15-second Greenland quip lay the strategic dimension of Trump's desire for an Arctic behemoth. More than three times the size of Texas, Greenland is attractive due to its proximity to emerging shipping routes, vast undiscovered oil and gas reserves and rare earth deposits. China's growing advances and Russia's proximity have unsettled the president, and a more established U.S. presence in Greenland, or an outright acquisition of the territory, appears to be on the incoming administration's table. shipping box As the Earth warms, melting…
Trump’s Panama Canal ultimatum sparks global controversy
Trump revisits canal dispute in inauguration speech In his inauguration speech, U.S. President Trump vowed to "take back" the Panama Canal, once again triggering controversy in U.S.-Panama relations. Trump has accused Panama of violating a 1999 treaty that completed the handover of the canal and accused China of mismanagement and undue influence, claims Panama vehemently denies. Also read: Panama Canal faces key decisions amid climate-induced drought "We didn't give it to China. We gave it to Panama and we're going to take it back," Trump declared, without specifying a timeline or method for the proposed takeover. Panama firmly refutes Panamanian President José Raul Mulino responded on X (formerly Twitter) that the canal was being managed responsibly to facilitate global trade, including for U.S. interests. “The Panama Canal is and will remain Panama’s canal,” Mulino asserted, stressing the country’s sovereignty. Controversial Destiny Revival Trump’s speech also evoked the 19th-century concept of “Manifest Destiny” and hinted at U.S. territorial expansion ambitions. He…
U.S. companies hoard Chinese goods amid tariffs
Expectations that President-elect Donald Trump may impose new tariffs have fueled a surge in U.S. imports from China, as companies rush to buy goods before potential trade restrictions take effect. Also read: World Bank warns of global economic impact of proposed US tariffs Imports surge ahead of policy shift In December, U.S. seaports handled the equivalent of 451,000 40-foot containers of cargo from China, a 14.5% increase year-over-year, according to Descartes Systems Group. Compared with 2023, U.S. imports of products such as bedding, toys and electronics increased by 15%. The increase reflects concerns about impending tariffs on manufactured goods, with Trump having proposed tariffs of 10% to 60%. Unlike his first term, when tariffs focused on parts and components, experts predict the next wave of tariffs may focus on consumer goods. "China's final product exports to the United States have increased as importers aim to preempt potential tariffs on consumer goods," said Frederic Neumann, chief Asia economist at HSBC. Corporate…
Despite Gaza, Red Sea trade routes face long-term uncertainty
Even after a ceasefire between Israel and Hamas, global shipping companies remain hesitant to return to Red Sea trade routes as ongoing security concerns over attacks by Houthi rebels in Yemen remain. Also read: Houthi Red Sea attack disrupts global shipping, Interior chief urges action Ongoing threats undermine confidence The leader of Yemen's Houthi rebels recently announced that the group would monitor the ceasefire and could resume attacks on shipping if the ceasefire was breached. Since November 2023, the Houthis have carried out more than 100 attacks on ships in solidarity with the Palestinians in Gaza, sinking two ships, seizing another, and killing at least four sailors. The wave of attacks has caused significant disruption to global shipping and led many companies to reroute ships around the Cape of Good Hope, bypassing the Red Sea and Suez Canal entirely. Industry leaders choose safer route Executives in industries including shipping, insurance and retail stressed that risks in the Red Sea remain…
As the global economy rises, developing economies face sluggish growth
Long-term growth prospects weaken for first time this century The latest World Bank report shows that developing economies, which contribute 60% to global growth, are facing the weakest long-term growth forecast since 2000. global economic outlook Report. Although the global economy is expected to stabilize, with growth expected to be 2.7% in 2025 and 2026, developing countries are still making slow progress in narrowing the income gap with advanced economies. Also read: World Bank warns it could take more than a century to end poverty in half the world In the next two years, developing economies are expected to maintain growth of around 4%. However, this pace is below pre-pandemic levels and insufficient to alleviate poverty or achieve broader development goals. Main findings The report provides a comprehensive review of the performance of developing economies in the first quarter of the 21st century. It highlights three important trends: 1. Decline in growth rate: Growth in these economies fell from 5.9%…
How artificial intelligence is revolutionizing maritime safety management
The maritime industry is embracing digital transformation, with the emergence of artificial intelligence (AI) becoming a game-changer for safety management. Companies like WiseStella are leveraging AI to streamline compliance, reduce cognitive stress on seafarers, and improve safety standards across global fleets. Using AI to solve the problem of document overload Today, seafarers face complex safety regulations and increasing documentation requirements. Ali Demiral, chief technology officer at WiseStella, said this "cognitive load" can create stress, especially during security assessments. To address this challenge, WiseStella developed an artificial intelligence solution called “Wise-AI” that uses large language models (LLMs) to analyze historical safety data and provide actionable insights. “Wise-AI enables mariners and managers to respond to new safety requirements with confidence,” explains Demiral. For example, if a crew member is unsure about compliance during a self-assessment, Wise-AI can analyze the input details and suggest potential problem areas with tailored recommendations. This proactive approach not only saves time but also increases seafarers’ understanding of…
U.S. and Norway unite to increase transparency
The U.S. Department of Commerce and the Norwegian Ministry of Trade, Industry and Fisheries have jointly released an innovative report analyzing how non-market policies and practices (NMPP) impact global critical minerals markets. The study, known as the NMPP Report, highlights the challenges posed by practices in some third countries that distort markets for minerals necessary for sustainable technologies. Also Read: Commerce Department Expands Advocacy Efforts to Boost U.S. Global Competitiveness The report, led by the International Trade Administration's Industry and Analysts team, marks an important step forward in the United States and Norway's shared goal of promoting sustainable, market-driven mining and processing activities. “Securing critical minerals supply chains is critical to national security and economic competitiveness,” said Grant Harris, Assistant Secretary of Commerce for Industry and Analysis. “This report provides a detailed assessment of how the NMPP is disrupting these important markets, guiding market-oriented economies and industry partners to strengthen supply chain resilience.” The NMPP report explores the mineral supply…
Trucking and Intermodal Industry: Guiding Demand and
The trucking industry has seen a complex interplay between demand and capacity dynamics in recent months. A recent FreightWaves article noted that declining truckload demand masks freight capacity exiting the market, in part due to seasonality. Although the National Outbound Bid Volume Index (OTVI), SONAR's primary measure of bid volume, fell 2% year-on-year, bid rejection rates and spot rates increased, indicating a capacity-driven tightening trend. Analysts expect these rates could rise further as demand strengthens during the traditionally busy months starting in March. Also read: Cargo volumes plummet in December, trigger rates rise At the same time, the intermodal industry experienced one of its strongest years on record. Data from the Association of American Railroads confirms that 2024 is the third strongest year in history for intermodal traffic, with December 2024 recording the highest December intermodal traffic on record. This growth was primarily driven by strong consumer spending and import activity, as shippers utilized intermodal solutions despite challenges with rail…
Commerce and MACOM partner to support U.S.
The U.S. Department of Commerce has signed a Preliminary Memorandum of Terms (PMT) with MACOM Technology Solutions Inc. proposing up to $70 million in direct funding under the CHIPS and Science Act. This investment is designed to increase the resiliency of the U.S. defense and telecommunications supply chain by expanding and modernizing MACOM's facilities in Lowell, Massachusetts, and Durham, North Carolina. Also Read: Commerce Department Expands Advocacy Efforts to Boost U.S. Global Competitiveness The move is expected to create up to 350 new manufacturing jobs and nearly 60 construction jobs in the two states. "This announcement demonstrates how CHIPS for America is making strategic investments to strengthen supply chain security and advance U.S. technology leadership," said U.S. Commerce Secretary Gina Raimondo. Designated by the Department of Defense (DoD) as a Category 1A Trusted Foundry, MACOM's facilities play a critical role in the production of advanced compound semiconductors. These components support high-frequency defense systems such as radar and are critical for…
DP World breaks through the 100 million TEU milestone and promotes global development
Global logistics leader DP World has achieved a historic milestone as its global operations exceed 100 million TEU (twenty-foot equivalent units) of container handling capacity. The achievement underscores the company's strategic investments of more than $11 billion in infrastructure and development over the past decade. Also read: DP World sets ambitious new carbon reduction target with SBTi validation DP World has increased its capacity by 33% over the past decade, driven by expansion, greenfield projects and acquisitions. Starting with 75.6 million TEU in 2014, the company's continued investments have modernized its infrastructure to meet the changing needs of the global supply chain. In the past year alone, DP World's total container handling capacity increased by 5%, consolidating its position with a 9.2% share of the global container market. Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, said: “Crossing the 100 million TEU mark is part of a journey we began 45 years ago. Important milestone. ” “As global…
ILA and USMX enter into six-year contract agreement to ensure safety
The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative six-year prime contract, averting a potential supply chain crisis at Eastern and Gulf Coast ports. The deal, finalized just days before a crucial Jan. 15 deadline, ensures stability for an industry vital to the U.S. economy. Also read: Strike fears, tariff plans drive early import surge at U.S. ports The breakthrough comes after months of tension, including a three-day strike in October that ended with a temporary contract extension and an agreement on a pay rise. However, the divisive issue of port automation remains unresolved to this day. In a joint statement, the two sides emphasized the contract's dual focus on safeguarding jobs and embracing modernization. “This agreement protects current jobs at ILA and establishes a framework to implement technologies that will create additional jobs while modernizing the Eastern and Gulf Coast ports. These measures make operations safer and more efficient, and be ready…
Game Changer: Direct flights boost trade between Nigeria and China
Revolutionizing trade between Nigeria and China In a landmark move to strengthen maritime trade, Grimaldi Group has launched the first direct service between Shanghai and Lagos. This pioneering initiative aims to transform logistics for Nigerian importers by eliminating transit delays and reducing high logistics costs. Also read: Maersk injects $600 million into Nigeria port infrastructure to support maritime trade expansion Fastest shipping times in the industry Direct routes shorten voyages to just 27 days, bypassing intermediate ports and providing the fastest transit times in the industry. “No transhipment, no delays – this service provides Nigerian importers with a reliable and efficient shipping solution,” said Mr. Ascanio Russo, Managing Director of Grimaldi Agency and PTML Terminal Nigeria. Reduce costs and simplify logistics This new service addresses long-standing challenges faced by Nigerian businesses, particularly unnecessary delays and costs associated with transshipment through other ports. By streamlining logistics, direct routes are expected to ease financial pressure and make it easier for businesses of…
US targets Chinese maritime giants: COSCO and shipbuilding groups
Strict scrutiny of China's shipping and shipbuilding industries The United States has added China's largest shipping company Cosco Shipping Holdings Ltd. and two major shipbuilding companies, China State Shipbuilding Corporation and China Shipbuilding Industry Trading Co., Ltd., to its military blacklist. The move, announced through a Federal Register filing, reflects growing concerns about the companies' alleged ties to China's People's Liberation Army (PLA). While the blacklist imposes no direct penalties, it serves as a deterrent for U.S. companies from engaging with listed entities and signals heightened scrutiny of China’s dominant maritime sector. Geopolitical tensions heighten concerns over shipbuilding dominance China's shipping industry, which accounts for more than half of global merchant ship production, has become a focus of geopolitical competition between Beijing and Washington. U.S. Congressman Raja Krishnamoorthi said U.S. officials have repeatedly expressed concerns about the gap in shipbuilding capabilities between the two countries, with China building one U.S. container ship for every 359 it produces. The Pentagon's blacklist…
US port strike looms: Surcharges send freight rates soaring
Shipping lines prepare for disruption on January 15 The upcoming January 15, 2025, strike by dockworkers on the East Coast of the United States is having an impact on the logistics industry, pushing up freight rates and triggering surcharges from major shipping companies. Negotiations between longshoremen and terminal operators remain deadlocked, prompting industry stakeholders to brace for major supply chain disruptions. Also read: Contract talks stalled, East Coast port strikes loom, carriers brace for fallout Leading carriers launch surcharges To mitigate the potential impact, carriers including Maersk, CMA CGM and Hapag-Lloyd have announced surcharges on several routes. Maersk: USD 1,500 per TEU, rising to USD 3,780 for a 45-foot container. CMA CGM: USD 800 per TEU for exports and USD 1,500 for imports. lloyd table: Work interruption surcharge applicable to multiple regions, with additional charges for East Asian imports. Freight rates on major routes rise Freight rates climbed sharply, reflecting the uncertainty surrounding the strike. Shanghai Container Freight Index (SCFI)…
The mobile banking market is expected to grow at a compound annual growth rate of 10%
Mobile banking Enable customers to manage their bank accounts and conduct financial transactions using mobile devices. The apps are enhanced with biometrics and two-factor authentication to ensure a secure, seamless user experience. The intuitive design of mobile banking applications promotes ease of navigation and increases customer satisfaction. They also facilitate real-time communication with banks, eliminating the need for in-person visits. Mobile banking integrates services such as card management, fund transfers, fraud detection and account notifications into one platform, providing convenience, speed and security. Key insights Regional advantage:North America is expected to lead the market over the forecast period owing to its advanced fintech infrastructure, high digital literacy, and tech-savvy population. Financial institutions in the region prioritize secure, user-friendly applications to enhance customer experience. Market dynamics driver: Due to the fast-paced lifestyle of customers, there is an increasing demand for 24/7 banking services. Mobile banking adoption continues to increase to facilitate secure, convenient and fast transactions. limit: Incidents of fraud continue…
Contract talks stalled, East Coast port strikes loom
As the January 15 expiration of the prime contract between the International Longshoremen's Association (ILA) and the United States Maritime Union (USMX) approaches, strikes at U.S. Eastern and Gulf Coast ports are increasingly likely. Without a deal, dockworkers are expected to halt operations starting on January 16, prompting carriers to prepare for potential disruptions. Also read: US East Coast port strikes to cause major supply disruptions in 2025 Despite agreeing to a 62% pay rise in September, automation talks have reached an impasse. The USMX insists that automation is critical to improving efficiency, while the ILA believes that automation threatens the job security of port workers. Negotiations are scheduled to resume on January 7, leaving just over a week to finalize a deal. Operators have begun implementing contingency plans. Danish shipping giant Maersk is urging customers to collect loaded containers and return empty ones by January 15 to mitigate disruption. Maersk said it was "actively developing contingency plans to minimize…
New lithium battery shipping safety guide
The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) has released comprehensive guidance to address the increasing risks associated with the transportation of lithium batteries. Published on November 21, 2024, the guidance focuses on ensuring compliance with domestic regulations and International Maritime Dangerous Goods (IMDG) rules when transporting lithium batteries in all modes of transport, including sea transport. Also read: Lithium suppliers negotiate tougher terms amid hopes of price stability Fire risk and thermal runaway Lithium-ion battery fires are often caused by thermal runaway (a chain reaction caused by damage, overheating or defects), raising serious safety concerns. If not managed effectively, these reactions can lead to explosions or fires, highlighting the need for stricter safety protocols. Coast Guard Proactive Measures In September 2024, the U.S. Coast Guard conducted a multi-agency exercise simulating an electric vehicle (EV) fire aboard the Arc Integrity at the Captain's Island Pier in Georgia. The exercise was in response to a number of high-profile ship fires…
U.S. container imports see historic growth
A report by industry expert John McCown shows that U.S. container imports increased for the 14th consecutive month in November, with arrivals at the country's top ten ports increasing 13.1% year-on-year. The growth represents one of the strongest periods in container shipping history outside of the pandemic surge. Also read: Seasonal decline in U.S. container imports slows in November 2024 record-breaking momentum Total arrivals in November reached 2,033,620 TEU, a significant increase from October's 9.7% increase, but still 11.1% below the all-time high in May 2022. McCown noted that the 14.7% increase over the past 12 months was among the highest on record, excluding the pandemic period. "There's no question that we're seeing exceptionally strong and continued volume growth," McCown said. The value of containerized cargo passing through all U.S. ports reached $185.3 billion in November, underscoring the growth driven by strong demand. Coastal adjustment McCown's analysis noted significant changes in port activity, with West Coast ports outperforming East and…
AIT Worldwide Logistics receives key ISO certification
AIT Worldwide Logistics, a global leader in supply chain solutions, has achieved a major milestone by receiving multiple ISO certifications for more than a dozen locations in five Asian countries. These include ISO 9001:2015 for quality management, ISO 14001:2015 for environmental sustainability, ISO 45001:2018 for workplace safety and ISO 14064-3 for verification of greenhouse gas (GHG) emission reporting. . Also Read: AIT Worldwide Logistics boosts operations with LEED-certified center in suburban Chicago Raising standards across Asia "This is a landmark achievement for AIT-Asia," said Wilson Lee, Senior Vice President of AIT Asia Pacific. "These certifications underscore our strong commitment to operational excellence, sustainable practices, and delivering exceptional value to our customers. I am incredibly proud of our team's efforts to integrate these standards into our operations in the region." The certifications highlight AIT's initiatives to ensure consistent service quality, reduce environmental impact through alternative fuel and electric vehicle projects, and prioritize employee safety. ISO 14064-3, in particular, reflects AIT's commitment…
Shanghai Port’s throughput exceeded 50 million TEUs, setting a historical milestone
The Port of Shanghai made history by becoming the world's first port with an annual container throughput of more than 50 million TEUs (twenty-foot equivalent units), extending its 14-year run as the world's busiest container port. This achievement highlights China's dominant position in global trade and logistics, Xinhua News Agency reported on Monday. global trading power Shanghai Port has an extensive network, connecting more than 700 ports and opening 350 international routes to more than 200 countries and regions. Officials at Shanghai International Port (Group) Co., Ltd. (SIPG) said the surge in cargo volumes was driven by growth in export demand, international transfers and ship-to-ship business. Ship-to-ship transfers alone are expected to reach a record 60% by 2024, further increasing throughput. Increase efficiency through automation The Yangshan Phase IV automated terminal, opened in 2017, has revolutionized the port’s efficiency. This state-of-the-art facility increases operational efficiency by 30% while reducing labor requirements by 70%, reinforcing Shanghai's reputation for logistics innovation. sustainable…
GCCA celebrates FSIS decision to lift 50-mile limit on meat
The Global Cold Chain Alliance (GCCA), which represents temperature-controlled logistics companies around the world, welcomes the decision by the Food Safety and Inspection Service (FSIS) to remove the 50-mile radius limit for meat and poultry import inspection facilities. This policy revision, made possible through a joint effort between GCCA and the Meat Import Council of the United States (MICA), eliminates a decades-old rule that limited facilities designated as “I-Houses” to no more than Locations within 50 miles of the factory. U.S. ports of entry. what does this change mean I-House status allows the storage warehouse to hold goods awaiting FSIS import inspection. Earning this designation requires compliance with strict standards, including product separation and on-site inspection capabilities. Removing the 50-mile limit provides greater flexibility, allowing facilities further inland to be used as I-Houses, simplifying logistics and reducing efficiencies. GCCA President and CEO Sara Stickler applauded the move, saying:"This decision reflects a common sense approach to modern supply chains. It will…
Port of Seattle renews partnership with Maritime Blue
The Port of Seattle and Washington Maritime Blue have renewed their memorandum of understanding (MOU), reaffirming their shared commitment to advancing maritime innovation and environmental sustainability. This collaboration builds on a history of success and strengthens Washington’s role as a leader in a sustainable blue economy. The memorandum of understanding, authorized by the Port Commission on Nov. 19, outlines collaborative efforts on decarbonization, renewable ocean energy, sustainable fisheries and ocean conservation. At the heart of this new partnership is the Maritime Innovation Center, which will be established at Fisherman’s Wharf to support start-ups and promote collaboration on climate-focused maritime solutions. A shared vision for a green future "This new partnership highlights our shared commitment to advancing the blue economy," said Maritime Blue CEO Joshua Berger. "By combining our strengths, we can drive innovation and Driving economic growth, protecting marine ecosystems and empowering communities.” Port of Seattle Executive Director Steve Metruck echoed this sentiment: “This agreement marks an exciting new chapter…
DHL celebrates 21 years of bringing holiday cheer to troops
For more than two decades, DHL Express has been carrying on a heartfelt tradition of bringing holiday cheer to U.S. military personnel stationed overseas. Through its annual program Operation Holiday Joy, the global shipping leader is sending hundreds of freshly cut Christmas trees, holiday decorations, menorahs, holiday lights and heartfelt messages from schoolchildren to troops deployed in Djibouti, Kuwait and Bahrain letter. Also read: DHL Tracker shows globalization resilient under geopolitical pressure This is the 21st year of Operation Holiday Joy, a partnership between DHL, Dees' Nursery and several New York charities. "The holidays are especially difficult for those who are away from loved ones," said Greg Hewitt, CEO of DHL Express US. "This program allows us to express our gratitude and honor these brave men and women. Bringing some feeling of home. Our DHL family is honored to be able to spread holiday warmth to our troops.” The celebration kicked off on Monday, December 9, at Dees' Nursery in…
Strike fears and tariff plans drive early import surge
The looming threat of possible strikes at East Coast and Gulf Coast ports in January 2025, coupled with President-elect Trump’s proposed tariff hikes, has triggered a decline in U.S. container port import volumes, according to the National Retail Federation (NRF). surge. Also read: Trump's proposed tariffs could trigger price increases and supply chain disruptions Jonathan Gold, NRF vice president of supply chain and customs policy, expressed concern about the twin challenges. "A strike or new tariffs would be a blow to the economy, and retailers are doing everything they can to avoid any impact as much as possible," he said. The urgency stems from deadlocked negotiations between the International Longshoremen's Association (ILA) and the United States Maritime Union (USMX). The two sides remain at odds over automation, with the current contract extension set to expire on Jan. 15, just days before Trump plans to impose tariffs after taking office on Jan. 20. Industry analyst Ben Hackett highlighted automation as a…
Saudi Red Sea Authority launches yacht charter service
The Saudi Red Sea Authority (SRSA) has made significant progress in developing tourism along the Saudi coast by issuing its first yacht charter license. This milestone supports the broader goals of Saudi Vision 2030, which aims to strengthen tourism services, attract investment and expand the economic contribution of the sector. Also read: Saudi Red Sea Authority launches 'More Than a Sea' to boost coastal tourism As part of its mandate, SRSA focuses on developing policies and strategies to regulate maritime and nautical tourism activities while overseeing terminal operations. This includes issuing permits and licenses to promote investment and innovation in the marine tourism industry. The newly issued license was issued under the Large Yacht Charter Regulatory Framework and authorizes the company to operate yacht charter exclusively in the Red Sea region of Saudi Arabia. The first companies to receive these licenses include Hill Robinson Saudi Limited, Faisal M. Higgi & Associates Co. Ltd and JLS Yachts Limited. To ensure compliance,…
Automation standoff leads to inevitable U.S. strikes in January
Hopes for a resolution to the standoff between longshoremen and port employers along the U.S. Eastern and Gulf Coast are fading, with strikes in January now looking inevitable. The main sticking point remains port automation, despite a tentative agreement on wages and a temporary end to a three-day port closure in October. Also read: Strike fears and potential tariff hikes drive import surge at U.S. ports Negotiations deadlocked The International Longshoremen's Association (ILA) and the United States Maritime Union (USMX) have agreed to extend the current prime contract and negotiations until January 15, just days before the start of President Donald Trump's term. However, the ILA is staunchly opposed to automation, leading to a deadlock in negotiations. USMX maintains that the adoption of modern and advanced technologies is critical to increasing the capabilities and sustainability of the U.S. maritime industry. With limited land available in most ports, increasing the density of existing terminals through automation is seen as the only…
Globalization resilient under geopolitical pressure, DHL
DHL and NYU Stern School of Business announce latest DHL Global Internet Trackerconducted an in-depth analysis of the current situation of globalization. Despite rising geopolitical tensions and uncertainty, globalization remains near all-time highs, increasing the resilience of international trade and economic integration. Also read: Supply Chains: The Twilight of Hyperglobalization Key Insights from Trackers The DHL Global Connectivity Tracker is an extension of the established DHL Global Connectivity report, which measures the cross-border flows of trade, capital, information and people. The current score of 25% highlights that although globalization is at an all-time high, the world is still far from fully connected. The new tool allows users to explore trends by region, geopolitical alliances or individual countries, and enables detailed offline analysis through data and chart downloads. Global trade: the cornerstone of economic stability Global trade continues to drive the world economy. In 2023, 21% of the world's goods and services will be traded internationally, close to the historical high…
U.S. air traffic controller shortage brings aviation industry to a standstill
The ongoing shortage of air traffic controllers (ATCs) in the United States is hampering the growth of commercial aviation and has a knock-on effect on the air cargo industry. Also read: US allocates $105 billion to strengthen airport airlift and traffic control United Airlines has been particularly vocal about the issue, pointing to flight disruptions at its main transatlantic hub, Newark International Airport. The airline reported delays, cancellations, extended flight times and extended taxi slots on nearly half of the days in November. The root of the problem is air traffic control staffing, which last month was 59% below target levels. This shortage is not unique to Newark. It reflects a national crisis. In response, the Federal Aviation Administration (FAA) temporarily reduced flight demand at New York City-area airports until October 2024. This problem is not new. A 2022 report showed that 77% of critical ATC facilities in the United States are understaffed. Canada is facing similar challenges, with Navigation…
Automation debate heats up: ILA and USMX about to clash
Tensions between the International Longshoremen's Association (ILA) and the United States Maritime Union (USMX) have escalated over port automation as the January 15, 2025 deadline approaches, a dispute that could roil the Eastern and Gulf Coasts operations of ports, some of the busiest in the United States Also Read: USMX, ILA reach labor agreement, port operations resume A brewing labor crisis The current impasse was temporarily resolved with pay rises and contract extensions following a three-day strike in October. Negotiations broke down again last month when the ILA pulled out of the talks, citing concerns about the impact of automation on job security and national security. ILA Executive Vice President Dennis A. Daggett recently highlighted the union's opposition to semi-automatic rail-mounted gantry cranes (RMG) in a Facebook post. Daggett believes that although RMG is promoted as "semi-automated", it operates with minimal human input, which poses a threat to employment. “It’s not about safety or productivity, it’s about job losses,” he…
Global trade will hit new highs, with opportunities and challenges coexisting
World trade on track to reach record $33 trillion in 2024, but risks from expanding trade wars and ongoing geopolitical challenges The outlook for 2025 is uncertain. Global trade is expected to hit a record high of nearly US$33 trillion in 2024, with US$1 trillion of growth mainly driven by a 7% increase in services trade. Developing economies face slowing trade growth, but high-growth sectors such as information and communications technology (ICT) and apparel offer opportunities for diversification and resilience. Stable global growth and easing inflation have created a window for developing economies to strengthen their trading positions amid rising geopolitical uncertainty. December 5, 2024, Geneva – According to the latest report, global trade volume will reach a record $33 trillion in 2024 Global trade dynamics Developed by the United Nations Conference on Trade and Development (UNCTAD). This $1 trillion increase reflects an annual growth rate of 3.3% and highlights the resilience of global trade despite ongoing challenges. Trade in…
Georgia ports receive $120 million in federal grant
The Georgia Ports Authority (GPA) has received more than $120 million in federal grants to enhance operational sustainability and infrastructure at its Savannah and Brunswick facilities. The grants fund projects designed to enhance energy resiliency, reduce emissions and expand rail capacity, making Georgia Ports a leader in sustainable port operations. Also Read: Georgia ports celebrate truckers, highlight industry efficiency and investments Savannah Terminal Power Restoration and Electrification The U.S. Maritime Administration has allocated $49.8 million to fund the construction of a terminal power distribution network at the Garden City Terminal in the Port of Savannah. The project, which includes GPA-owned generators and substations, is designed to ensure uninterrupted power supply, especially during natural disasters for temperature-controlled goods such as food and medicines. GPA President and CEO Griff Lynch emphasized that reliable power is critical to the Authority’s continued transition from diesel to electric yard equipment. GPA will donate $88.2 million to the project, matching the federal grant. Shore power and…
A step towards green logistics…
As the process of decarbonizing ports and terminals accelerates, there is growing interest in battery-powered e-bikes, e-scooters and e-motorcycles as alternatives to traditional diesel-powered vehicles. While these electric vehicles offer a cheaper, cleaner option, cargo handling insurance specialist TT Club warns that integrating them into logistics facilities poses significant safety and operational risks. Also read: Reducing your carbon footprint: How logistics can support green building initiatives Terminal design and traffic management challenges Ports and logistics facilities are primarily designed to accommodate large trucks and heavy equipment. Introducing small battery-powered personal vehicles into these environments poses challenges due to their low visibility and vulnerability. The terminal's traffic layout, road conditions and overall infrastructure are tailor-made for rugged machinery rather than light two-wheeled vehicles. Neil Dalus, risk assessment manager at TT Club, highlighted the inherent dangers posed by terminal surfaces: "Terminal pavements are designed to withstand high volumes and heavy loads and are often subject to wear and tear, resulting in uneven…
Asian exporters gain momentum as Trump tariffs push
U.S. President-elect Donald Trump's proposed tariffs on Chinese products are expected to accelerate container import growth from Vietnam, Thailand and South Korea. These countries have already benefited from supply chain shifts since 2017 and are expected to reap further gains as companies diversify away from China. Also read: Global leaders warn of possible economic fallout from Trump tariff proposals Vietnam: a rising export powerhouse According to Linerlytica's report, Vietnam's container exports to the United States exceeded 2 million TEUs in the first 10 months of 2024, more than double the export volume in 2017. Data from the World Customs Organization showed a year-on-year increase of 41% in the second quarter of 2024, reflecting the continued shift of manufacturing to Vietnam. Factors driving this growth include Vietnam's well-educated workforce, competitive operating costs and improving diplomatic relations with the United States. These advantages make Vietnam a key player in the changing dynamics of global trade. Thailand: Strong growth in agricultural exports Thailand…