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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Shipping lines have begun changing traditional vessel routes from transiting through the Panama Canal, due to decreased water levels, to passing through the Suez Canal. There have also been recent attacks on both naval and commercial vessels in the Red Sea, as part of the ongoing conflict in the region. This has contributed to ocean…
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The Panama Canal Authority (PCA) has been implementing various measures due to the prolonged dry season and insufficient precipitation in the Canal watershed. A few methods include the use of water saving basins in the Neopanamax Locks and cross-filling in the Panamax Locks. Despite all measures taken, the level of Gatun Lake has continued to…
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Ocean carriers and their respective empty container receiving terminals are applying various charges to drayage companies and freight forwarders (FF) due to damage or improper cleaning of empty containers upon their return. In an effort to prevent such charges, we must stress that every effort be made to document the state of a container at…
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UPDATE: 10/3/2023—Congress was able to avoid a government shutdown and fund all operations through November 17. How will this impact the industry? There will not be delays as anticipated.However, please be aware that the short-term spending bill that passed only funds the government through November 17. We may find ourselves back in the same position…
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Here is what to expect in the trucking industry, as we move into the third quarter. Demand for now, consumers have been resilient and remain focused on services, despite analyst expectations of a slowing economy because of the Federal Reserve’s interest rate hikes. After riding the COVID-19 lockdown wave spiking logistics rates to the current…
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UPDATE: 8/7/2023—This weekend, the contract put forth last week was ratified by ILWU Canada. It will take some time to clear out any backlog that was created during this turmoil, but overall, we are happy to have the overarching dispute settled. Details on the provisions of the deal have not yet been released, however according…
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UPDATE: 7/19/2023— ILWU Canada announced yesterday that it rejected the tentative proposal and as of 4:30 PM PST, they would re-engage in strike activity. "The ILWU Canada Longshore Caucus does not believe the recommendations had the ability to protect our jobs now or into the future." Mohawk will continue to monitor the situation and correspondence…
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