New Emissions Rules, Port Delays, and Consumer Trends Shape Shipping in 2024
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New Europe Emissions Trading System surcharge taking effect January 2024 for cargo to/from EU ports to reduce greenhouse gas emissions.
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Asia shipping schedule reliability has improved but there are still delays at Savannah and Houston ports; extra loaders scheduled to East Coast and additional January departures.
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Panama Canal implementing booking slot reductions starting February 2024 which may impact operations, but Maersk taking precautions to minimize impact.
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Holiday online shopping season slower than expected so far as consumers wait for discounts, but record $9.8 billion spent on Black Friday.
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Shipper focus on nearshoring to shorten supply chains and reduce risk, but it comes with finding right locations; also supply chain sustainability now a strategic priority.