2023 State of the Ocean Freight

IMO 2023 is a series of new international regulations that targets vessel efficiency and carbon intensity with hopes to reduce the carbon emissions of all ships by 40% (by 2030) and 70% (by 2050). So, what changes does this bring and why?

February 16, 2023
State of the Ocean Freight - 2023

We are years beyond the first days of COVID-19, when supply chains were abruptly hit with challenges they’d never faced before. In the ocean freight field, all eyes turned to the movement of cargo and shipping over the ocean, which has led to an evolution of new practices and regulations.

Log in to view the full article
Related
Oceanworks
How Traceability Accelerates the Circular Plastic Economy
July 18, 2023
Zhu Difeng Adobe Stock 84691685
Average Demurrage, Detention Charges Witness 25% Dip Globally
July 10, 2023
Xy Stock adobe com
Port Operators Deliver End-to-End Offerings
July 3, 2023
Sanit Adobe Stock 328722787
Knock-Knock, It's Your New Supplier from South America
June 21, 2023
Recommended
Women In Supply Chain Vertical Color
Nominations Close June 7 for 2024 Women in Supply Chain Award
This award recognizes female supply chain leaders and executives whose accomplishments set a foundation for women in all levels of a company’s supply chain network. Submissions close June 7!
April 1, 2024
Adobe Stock 207220202
SCN Summit: State of the Supply Chain
June 4, 2024
Register
Register now to hear from experts about the State of Today’s Supply Chains through topics revolve around Warehouse Automation, Generative AI, Automation, Electrification, Company Culture and more.
Mitigating supply chain threats is of utmost importance heading into 2024.
Mitigating Supply Chains: More Than Just Table-Stakes
Not being able to see ahead and predict and plan accordingly is what sometimes plagues many of today’s supply chain companies. Here’s why mitigating supply chain threats is of utmost importance heading into 2024.
February 21, 2024
Latest
Annika Adobe Stock 589591429
Digitalization Efforts to Help Shippers Navigate Complex Supply Chain Landscape
Digitalization will remain a linchpin of success, enabling all industry stakeholders to navigate the challenges and seize the opportunities that lie ahead in this dynamic world of global trade.
April 15, 2024
Quality Stock Arts Adobe Stock 507033815
Safeguarding Platform to Help Combat Fraud in Transportation and Logistics
Descartes Systems Group developed Descartes MacroPoint FraudGuard to help freight brokers, 3PLs and shippers identify and prevent fraudulent activities related to carrier information, load tracking, and shipment status.
April 12, 2024
Baltimore Bridge Christine Adobe Stock 769092028
Baltimore Bridge Collapse Results in Severe Rating for Atlantic Ocean
Index data from ITS Logistics reflects the considerable demand shifts for the Ports of Norfolk, New York, and New Jersey due to the recent Francis Scott Key Bridge damage.
April 10, 2024
Hit1912 Adobe Stock 144569221
March U.S. Import Container Volume Continues Strong Trajectory
In March, U.S. container import volumes increased 0.4% from February, but jumped 15.7% when compared to the same month last year, according to research from Descartes Systems Group.
April 10, 2024
Annika Adobe Stock 589591429
Global Business Optimism Continues to Climb, Indicating Sustained Confidence
The latest quarterly report from Dun & Bradstreet highlights a sustained positive trend in the global business outlook, with the Global Business Optimism Index rising 5.4% quarter over quarter.
April 3, 2024
Baltimore Bridge Christine Adobe Stock 769092028
Container Traders Anticipate Rise in Disruptions and Increase in Container Prices
In the aftermath of the Baltimore bridge collision, supply chain professionals are anticipating price hikes, as indicated by a significant rise in sentiment for container price increases released by Container xChange.
April 3, 2024
Sittinan Stock adobe com
Descartes Strengthens Global Trade Intelligence with OCR Acquisition
Descartes Systems Group acquired OCR Services, Inc. for $90 million.
March 29, 2024
Dali Zapper Adobe Stock 450977438 Editorial Use Only
How Baltimore Bridge Collapse Impacts Movement of Vehicles, Raw Materials and More
While the full extent of the impact is yet to be determined, the collision is likely to have far-reaching consequences for the Port of Baltimore and its role in the regional and national economy.
March 27, 2024
Red Sea Lom742 Adobe Stock 691803109
Red Sea Tensions: Why Real-Time Tracking is Mission-Critical for Food & Beverage
There’s an urgent need for the F&B industry to embrace and expand the use of advanced tools, ensuring resilience and agility through tumultuous waters.
March 22, 2024
Zhu Difeng Adobe Stock 84691685
The Urgent Need for Digital Transformation in LatAm Food Logistics
Because Latin America (LatAm) is an emerging market in which many companies have yet to go fully digital, the opportunity is likely even greater. Here’s what digital transformation means for the logistics industry.
March 21, 2024
Mongkolchon Adobe Stock 329211681
China's Container Trade Faces Hold-Offs Due to Supply-Demand Imbalance
Data from Container xChange reveals that while there is a surplus of units held up in Russia, capacity in that region remains saturated.
March 18, 2024
K Ps Photography Adobe Stock 338059393
Kaleris Launches Yard Management Innovations
Kaleris introduced new capabilities in its yard management system (YMS) to improve efficiency, operational visibility and safety in yard operations.
March 18, 2024
Img 9232
Rock Stars of the Supply Chain and Pros to Know: Container Maintenance, Marino Group's David Miller Talks Worker Safety
David Miller, senior director of Container Maintenance Corporation and The Marino Group, was named one of our Rising Star award winners from this year’s Rock Stars of the Supply Chain award and Pros to Know award.
March 13, 2024
Red Sea Lom742 Adobe Stock 691803109
Red Sea Attacks: Potential Economic Impact for the U.S.
Longer-term, this conflict and others will likely increase onshoring and near-sourcing initiatives. Here's why.
March 11, 2024
Sculpies Adobe Stock 244001622
Shipping Industry Better Prepared for Disruption: Study
The container shipping industry showed resilience in 2023 amid continued waves of disruption, with financial health strengthening even amid declining revenues, revenue pressure, geopolitical strife, and challenging capital markets.
March 5, 2024
Grispb Adobe Stock 325399959
Women in Supply Chain: Ship4wd's Carmit Glik Details Why Small Businesses Make the World go 'Round
Carmit Glik, CEO and founding member of Ship4wd and one of the 2023 Women in Supply Chain award winners, talks about the importance of small businesses.
March 5, 2024
Mike Mareen Adobe Stock 381285702 Editorial Use Only
North American Transborder Freight Down 0.1% in December 2023
Total transborder freight by border is down in December 2023, compared to December 2022, according to recent data from the U.S. Department of Transportation.
February 23, 2024
Dell Stock adobe com
RK Logistics Acquires On Time Trucking
RK Logistics Group Holdings, Inc. expanded its network with the acquisition of On Time Trucking, which provides regional LTL freight delivery in high-value, local interline services.
February 23, 2024
Port Of Long Beach
Biden-⁠Harris Initiative to Bolster Cybersecurity of U.S. Ports
The Biden-Harris Administration will issue an Executive Order to bolster the security of the nation’s ports, strengthen maritime cybersecurity, fortify supply chains and strengthen the U.S. industrial base.
February 21, 2024
Kalyakan Stock adobe com
AI-Driven Solution for Maritime Industry
Sedna launched Pulse, an AI-driven digital solution that unlocks market data that lives in the charterer’s inbox to carve a new path for digital transformation and profitability in maritime.
February 21, 2024
The Food Logistics and Supply & Demand Chain Executive team.
Manifest 2024: Automation, Robotics and Puppies, Oh My
The week of Feb. 5 in Las Vegas was ripe with lights, bells and tons of buzz, but it wasn't just because Super Bowl LVIII was to take place that weekend. It was because of Manifest 2024.
February 19, 2024
Sculpies Adobe Stock 244001622
China-U.S. Container Leasing Rates Rise Threefold
Three months into this crisis, container leasing rates on the China-U.S. trade route have surged dramatically, rising by 223%.
February 14, 2024
Sculpies Adobe Stock 244678288
U.S. Container Import Volume Experiences Uptick in Growth
In January, U.S. container import volume increased 7.9% from December 2023, the largest month-over-month growth for January in the last seven years.
February 13, 2024
Red Sea Lom742 Adobe Stock 691803109
Red Sea Attacks Drive Up Transportation Costs
The GEP Global Supply Chain Volatility Index rose to -0.12 in January from -0.44 in December, its highest level since last April, indicating that spare capacity across global supply chains has shrunk notably.
February 13, 2024