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Higher tariffs to harm US consumers and exporters; economic decoupling from China unlikely, experts reveal

US economic decoupling from China unlikely without military conflict; increased tariffs predicted to severely harm US economy and exporters, say experts on The Freight Buyers’ Club. Jess Dankert, VP for Supply Chain at the Retail Industry Leaders Association, calls for smart trade policies instead of higher tariffs; Professor Jason Miller warns agricultural industries will suffer…

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E-retailer demand surge to drive extended boom in trans-Pacific air freight market

• Air cargo demand will enjoy a sustained boost as Chinese e-retailers such as Temu and Shein attempt to establish sizeable market share in the US. • However, following a strategy previously trailblazed by Amazon, more sustainable ocean-based supply chains will eventually emerge, Dimerco Express Group’s Kathy Liu tells the latest episode of The Freight…

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Shipping analyst: Red Sea crisis is preventing a freight rate and liner profit collapse

A reopening of the Suez Canal for container ship transits would see vessel oversupply swamp the market, Hua Joo Tan, Founder of LINERLYTICA, tells the latest episode of The Freight Buyers’ Club podcast. However, he deems this scenario unlikely, and expects rates to strengthen in the coming weeks. April 29, 2024 The longevity of the…

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Rise in protectionism will benefit forwarders and 3PLs as SMEs seek competitive support

Small and medium-sized companies hoping to compete against larger corporations in international markets will increasingly rely on logistics partners to help them navigate rising trade barriers and cross-border transaction costs, economist and author Marc Levinson tells the latest episode of The Freight Buyers’ Club. Levinson also questions whether the largest container vessels are fit for…

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Trump tariff threat: Another reason why US shippers are moving cargo early in 2024

“I don’t know if you could call it an early peak season, but certainly everybody has moved their shipping schedules up,” Jon Monroe, President, Jon Monroe Consulting, tells the latest episode of The Freight Buyers’ Club. The threat of major hikes in US import tariffs, combined with the fear of union action at East Coast ports…

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Shippers hail transformational potential of new Maersk/Hapag-Lloyd ‘Gemini’ partnership promising 90% service reliability

The container shipping schedule reliability targets promised by Gemini Cooperation, the new Maersk and Hapag-Lloyd partnership which will start operating services in February 2025, have the potential to be transformative for customers and carrier alliances, according to leading shippers. “I think it’s doable and I think it will then potentially reshape the entire shipping world,”…

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Shippers turn to US West Coast terminals to avoid threat of union action and Panama and Suez Canal container shipping disruption

Some container traffic that migrated to US Gulf and East Coast ports in recent years is now being switched back to West Coast gateways by retailers and forwarders desperate to avoid supply chain disruption. Low water on the Panama Canal and the de facto closure of the Suez Canal to container shipping due to Houthi…

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Shippers should expect more service disruption in 2024 as container lines seek to manage oversupply and limit losses, says leading shipping analyst

Philip Damas, Managing Director of Drewry Shipping Consultants and Head of Drewry’s Supply Chain Advisors practice, also told the latest episode of The Freight Buyers’ Club podcast that shippers negotiating new long-term ocean freight contracts should carefully scrutinise surcharges as well as rates. Container lines will use a variety of methods to minimise losses due…

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Container shipping lines have over-ordered vessels, but vertical consolidation strategies make sense, claims former chairman of Evergreen and Yang Ming

Container shipping CEOs have killed the golden goose by ordering too many ships, and also might need to re-examine the type of vessels best suited to a more regional world dominated by geopolitical tensions, according to the former chairman of two of the world’s leading carriers. Bronson Hsieh, former chairman of both Evergreen and Yang…

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India’s share of global manufacturing and exports forecast to rapidly expand

India is poised to become a major global manufacturer and exporter as multi-nationals seek alternatives to China and investment transforms trade processes and logistics infrastructure, according to senior trade experts and practitioners. Speaking on the latest episode of The Freight Buyers’ Club podcast, produced with the support of Dimerco Express Group, Rahul Kapoor, Global Head of…

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