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Ascent, Descent and Crescent in the ocean freight industry – an independent analysis

Ascent, Descent and Crescent in the ocean freight industry – an independent analysis

The tumultuous pace of ocean freight volatility, obscene profits by carriers, post-COVID price surges, inventory bottlenecks, and the drastic shifts toward digital initiatives in the ocean freight industry have been the order of the day since 2020. This analysis takes a look at the turn of events in global freight markets especially in the ocean freight sector and how it…

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Diesel trucks taking up EV slack to meet cargo demand in California

Diesel trucks taking up EV slack to meet cargo demand in California

California’s Advanced Clean Fleets rule does not go into effect for another six months, but it is already having unintended consequences for the drayage industry tasked with moving cargo in and out of the ports of Los Angeles and Long Beach. Speaking at FreightWaves’ Future of Supply Chain even in Cleveland on Thursday, Harbor Trucking Association CEO Matt Schrap said that under…

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Maersk adds Jeddah calls to AE7 and AE12

Maersk adds Jeddah calls to AE7 and AE12

The Saudi Ports Authority (Mawani) announced that Maersk’s AE12 and AE7 shipping services now call at Jeddah Islamic Port. Maersk confirmed that AE7 first called Jeddah on June 8, and AE12 first called Jeddah on June 2, 2023. AE7 has an 18,000 teu capacity with 12 vessels and calls 15 ports: Ningbo-Zhoushan, Shanghai, Nansha, Yantian, Tanjung Pelepas, Colombo, Tangier, Hamburg,…

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World’s top bunkering hub prepares for methanol future

World’s top bunkering hub prepares for methanol future

Singapore, the world’s top bunkering hub, is getting the infrastructure in place for shipping’s future fuel mix where methanol will play a significant role. Local firm Consort Bunkers has just contracted China Merchants Jinling Shipyard to build six 6,500 dwt methanol bunkering tankers while compatriot Global Energy Group is set to receive its first 4,000 dwt methanol bunkering vessel from…

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