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Executive Editor : Mark Szakonyi 202.872.1234 , mark . szakonyi @ spglobal . com
Managing Editor : Benjamin Meyer 916.716.6272 , benjamin . meyer @ spglobal . com
Managing Editor : Kevin Saville , 212.488.4282 , kevin . saville @ spglobal . com
Global Shipping Report : Analyzing the 2025 Outlook
December 05 , 2024 , 12:00 PM EST
When 2024 dawned , many industry analysts and stakeholders expected the market to follow a familiar track : new , additional capacity would outpace modest inventory restocking in North America and Europe . It hardly played out that way . Instead , diversions prompted by Houthi rebel attacks in the Red Sea led to longer sailings , dramatically altering the ship capacity equation . Tariffs and longshore labor threats — ultimately leading to a three-day strike at East and Gulf coast ports that could recur in January — along with inventory concerns increased demand for services from Asia to North America and Europe earlier than expected . It all added up to a rapid turn of the market that the industry seldom sees . Is it a sign of a newfound commitment by carriers to control capacity more effectively . How it plays out is something shippers will need to watch closely , as is the degree to which the reforming of two new alliance networks increases competition . https :// bit . ly / 3YBAYdY
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Top 100 Importers and Exporters https :// bit . ly / 3Vbpn4M
FEATURED CONTENT
Port Performance North America : The State of Flow as a New Year Approaches
December 11 , 2024 , 2:00 PM EST
Buffeted by global geopolitical events and a dockworker strike that forced shippers to reroute some discretionary cargo to the West Coast , North American container ports must develop more effective ways to flex up for unexpected cargo surges . The ongoing Red Sea crisis that is forcing the diversion of some Asia – US East Coast services around the southern tip of Africa is disrupting sailing schedules and contributing to vessel bunching at the ports . The short-but-disruptive strike by the International Longshoremen ’ s Association on the US East and Gulf coasts in October , and a second strike threatened for Jan . 15 , continue to push discretionary cargo to the West Coast . The Seattle-Tacoma port complex this summer experienced serious congestion issues and extended rail container dwell times as terminal operators struggled to handle a 30 % increase in import volumes . In turn , import volumes are being diverted to Los Angeles and Long Beach , resulting in rail congestion at the busiest US port complex . What are the long-term implications of these developments for North American ports as they plan their future capacity requirements ? https :// bit . ly / 3AQXuYk
Senior Editors : William B . Cassidy Trucking and Domestic Transportation 202.872.1228 , bill . cassidy @ spglobal . com
Bill Mongelluzzo , West Coast 562.428.5999 , bill . mongelluzzo @ spglobal . com
Eric Johnson , Technology 213.444.9326 , eric . johnson @ spglobal . com
Janet Nodar , Breakbulk and Heavy Lift 251.408.2090 , janet . nodar @ spglobal . com
Greg Knowler , Europe + 44.797.679.8770 , greg . knowler @ spglobal . com
Ari Ashe , Southeast Ports , Intermodal Rail 202.548.7895 , ari . ashe @ spglobal . com
Michael Angell , Northeast ports , 646.505.4712 , michael . angell @ spglobal . com
Laura Robb , Associate Editor 281.216.0456 , laura . robb @ spglobal . com
Carly Fields , Associate Editor , + 44 ( 0 ) 7966 210030 , carly . fields @ spglobal . com
Senior Research Analyst , Project and Breakbulk Cargo : Susan Oatway , FICS , + 44.7930.411659 susan . oatway @ spglobal . com
Senior Contributor : Cathy Morrow Roberson , 732.730.2533 , cathy . morrowroberso @ spglobal . com
Data Hub Manager : Marcin Lejk , + 44.58.741.6270 , marcin . lejk @ spglobal . com
Shipper Engagement Manager , Breakbulk : Diana Hamm , 832.499.7368 , diana . hamm @ spglobal . com
Senior Editor , Special Projects : Alessandra Gregory Barrett , 860.248.5238 , alessandra . barrett @ spglobal . com
Senior Associate Editor , Special Projects : Ariane Herrera , 215.789.7478 , ariane . Herrera @ spglobal . com
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UP hikes LA-LB surcharges again as volumes remain elevated
Union Pacific Railroad ( UP ) has again increased surcharges on shippers exceeding their weekly allotments in Southern California as domestic intermodal volumes show no signs of the seasonal slowdown typically seen by mid-November . https :// bit . ly / 3CwOckI
Global shippers ’ alliance to launch pioneering e-fuel ocean tender
Hapag-Lloyd
A group of 40 global shippers has pushed the decarbonization boat further out with its second tender to ocean carriers focusing exclusively on cargo transported on e-fuel-powered container ships from 2027 . https :// bit . ly / 3CFqzGP
Sales : Cindy Cronin , Director APAC sales , 954.260.6061
Jean Gibbons , Senior Sales Executive West Coast , FL , GA sales , 706.469.7160
Kimberly Davis Guerra , Senior Sales Executive Midwest , Gulf , Latin America sales , 832.370.6350
John Knowles , Sales Manager EMEA , AU sales , + 44.777.997.4677
Allyson Marek , Senior Sales Executive Northeast sales , 727.337.3010
Elaine Nosaka , Senior Sales Executive VA , NC , SC , Canada sales , 703.447.9555
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Journal of Commerce ( USPS 279 – 060 ), ISSN 1530-7557 , December 2 , 2024 , Volume 25 , Issue No . 25 . Journal of Commerce is published biweekly except the last week in December ( printed 25 times per year ) by JOC Group Inc ., 55 Water St ., 39th Floor , New York , N . Y . 10041 . Subscription price : $ 595 a year . Periodicals postage paid at New York , N . Y ., and additional mailing offices . © All rights reserved . No portion of this publication may be copied or reprinted without written permission from the publisher . POSTMASTER : Please send address changes to Journal of Commerce , Subscription Services Department , 55 Water St ., 39th Floor , New York , N . Y . 10041 .
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