Ongoing logistical challenges surrounding the Red Sea and Panama Canal has supply chain professionals considering alternate solutions—which include nearshoring. This concept has already existed for more than a decade but now it’s trending. When COVID-19 shut down manufacturing operations in several countries, shippers who relied on sourcing from China found themselves dealing with shortages, congestion,…
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In the latest Liner Shipping Connectivity Index (LSCI) recorded by the United Nations Conference on Trade and Development, Sri Lanka overtook Saudi Arabia as the 3rd best-connected country in the Middle East and Indian subcontinent. The country moved up two spots becoming the 22nd best-connected country in the world. The LSCI can be considered…
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Mediterranean Shipping Company S.A. (MSC) India initiates a new service beginning this month. The feeder shuttle service links Paradip, a major gateway on India’s east coast state of Odisha with a major transship port in Asia, Colombo, and Sri Lanka. From there, the containers will be put on its mainline vessels and hauled to final…
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A final rule was issued by the Federal Maritime Commission (FMC) with an effective date of May 26. The rule institutes new requirements for how ocean carriers and marine terminal operators (MTOs) must bill for demurrage and detention charges. “The inclusion of Marine Terminal Operators in the rule will make billing practices more uniform across…
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The U.S. Federal Maritime Commission (FMC) issued a ruling on February 13, which orders ocean carriers to cease requiring cargo owners and their truckers to use specific chassis on port-to-port shipments. This ruling validates the 2023 chassis choice initial decision, in which Erin Wirth, FMC Chief Administrative Law Judge, determined that exclusive agreements between ocean…
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The ripple effect of the Panama Canal and the Red Sea re-routings continue to impact the industry. India is largely dependent on the Red Sea route through the Suez Canal for its trade with Europe, North America, North Africa, and the Middle East. These regions accounted for about 50 percent of India’s exports and about…
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This Lunar New Year ushers in the Year of the Dragon, bringing week long factory closures across Asia. Labor shortages are expected in terminals, warehouses, brokers, and other relevant parties.Most businesses will be closed in observance of the following holidays:Mainland China—Lunar New Year / Spring Festival: February 10-17Hong Kong—Chinese New Year: February 10-13Vietnam—Lunar New Year…
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The announcement that Maersk and Hapag-Lloyd are joining forces in what they call the “Gemini Cooperation” comes with little surprise. The three transpacific Vessel Sharing Alliances (VSAs) serving USA ports are prime for a makeover in the next year or two. Maersk and Mediterranean Shipping Company (MSC) announced the dissolution of the ‘2M Alliance’ in…
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The current landscape in the Panama Canal and the Red Sea are impacting the industry rapidly. Mohawk Global continues to analyze the ever-changing developments, to better understand the influence that further actions may have on our clients. Panama Canal The Panama Canal is vital for East-West trade and positive developments could ease some of the…
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After a string of recent attacks on commercial vessels in the Red Sea, several major ocean liners have announced the temporary suspension of their vessel traffic through the Red Sea, and in turn the Suez Canal. While only Maersk and Hapag have announced the pauses so far, other carriers may follow suit. It was previously…
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