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Dutch International shipping association BIMCO increased its ship demand growth forecast for 2025 to 4.5 percent to 5.5 percent while maintaining it at 2.5. percent to 3.5 percent for 2026 on the strength of demand in non-U.S.-bound demand.
“We now expect a balanced supply/demand development in 2026 while expecting average market conditions in 2025 to be worse than in 2024,” said Niels Rasmussen, BIMCO’s chief shipping analyst.
With few exceptions, the U.S. ...
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Small business confidence continued to climb in the third quarter, according to the latest Small Business Index from MetLife and U.S. Chamber of Commerce.
The third quarter index score of 72, up from 65.2 last quarter, was driven by improved views of both the national and ...
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German heavy-lift and engineering specialist SAL Heavy Lift said it has expanded its deck carrier fleet, acquiring two semi-submersible deck carriers Sun Shine and Sun Rise, from former owner Pan Ocean (Korea).
Both vessels are scheduled for delivery in Europe between October and April 2026 and ...
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Average container market spot rates from Far East increased 4.3 percent the week of Sept. 18 into both the U.S. East Coast (US$2,374 per 40-foot equivalent units) and West Coast (US$3,317 per FEU), said Xeneta, the freight rate benchmarking and market analytics platform.
Prior to the ...
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GEODIS and Hapag-Lloyd launched a real-time Contract Application Programing Interface (API) that directly connects the ocean carrier ‘s pricing platform to GEODIS’ global rate database.This new integration delivers instant access to about 75 percent more rates than before, cutting processing time from up to five ...
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U.S. Transportation Secretary Sean P. Duffy said three new administrators were confirmed Sept. 18 by the GOP-led U.S. Senate, part of an en bloc to dodge the formal conformation process that properly vets qualified administrators.
Instead the Senate confirmed roughly four-dozen nominees in an en bloc ...
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The St. Bernard Port, Harbor and Terminal District has released its annual report for 2025, a report that highlights the accomplishments and progress the port has made.
The report’s theme, Impact through Innovation, touches on the various changes in the maritime industry and the port's ability ...
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GEODIS has created a new department dedicated to artificial intelligence, which is chaired by Marie-Christine Lombard, who will be supported by David-Olivier Tarac, executive vice president, artificial intelligence; and Carole Besnard as chief financial officer.
GEODIS confirmed its intention to make artificial intelligence a key part ...
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American Trucking Associations voiced its “strong support” for the Forum Accountability and Integrity in Roadway (FAIR) Trucking Act that would end the abusive practice of “forum shopping” by giving federal courts jurisdiction over consequential cases involving interstate trucking.
Forum shopping is a tactic commonly employed by ...
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Product tanker newbuilding contracts in the first eight months of the year dropped 86 percent year-over-year to 2 million deadweight tonnes, representing a nine-year low, said BIMCO Shipping Analysis Manager Filipe Gouveia.
The development marks a stark reversal from the boom seen in 2023 and 2024. ...
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