Cargoccino is our bi-monthly post for logistics professionals and importers, delivering bite-sized industry news straight to your inbox. Stay informed while enjoying your favorite drink, with updates every 2nd and 4th Tuesday of the month.
Portland Container Service to Cease Operations 👋
The Port of Portland is waving goodbye to its container business by October due to mounting financial losses. Despite seeking a state grant and negotiating higher rates with shipping lines, they couldn't find a new operator or secure enough funding to keep it afloat. While this is a tough blow to Oregon's shipping industry, there's a glimmer of hope! Favorable rate agreements suggest shipping lines are interested in staying afloat, and the port is actively searching for a third-party operator to take the helm.
Source: JOC
Gartner Symposium: How Shippers Can Benefit from OSRA Regulations on Detention & Demurrage Fees 🧐
The new FMC Ruling will change the game - and shippers need to be prepared - starting May 28th. With new billing, invoice, and dispute processes carriers and terminal operators will be required to provide specific information on demurrage and detention invoices. This session will provide clarity on the new OSRA requirements and how shippers must adapt quickly to understand container movement and the importance of visibility. Join us to learn firsthand how shippers have leveraged technology to achieve substantial ROI savings.
Meet with Alexandra after the Theater Session on May 6th, Click HERE.
Ocean Carriers Want Clear D&D Billing 💵
Confusion reigns over who pays detention & demurrage fees under new FMC rules. While the goal is to keep truckers on the road (not stuck with the bill!), ocean carriers want clarity on when they can bill truckers directly. The World Shipping Council is seeking an official fix to clear the fog before the May 28th deadline.
Source: JOC
Imoto Linesfor a Sustainable Future! ♻️
A Japanese consortium is designing a next-generation containership with zero emissions in mind. This vessel, planned for completion in 2027, will use swappable battery packs and shore power to keep things clean and green. It even tackles crew shortages with innovative, easy-to-operate systems!
Read More on The Maritime Executive
Beef Lovers, Buckle Up: Prices May Rise as US Imports More Meat 🥩
The US is expected to import more beef than it exports in 2024, which could lead to higher prices at the grocery store. This is due to a few factors: fewer cattle being raised in the US, increased competition from Australia, and strong consumer demand, especially for ground beef. While the exact impact on prices is uncertain, it's a good idea to be prepared for a potential rise in beef costs this year.
Source: BrownField
Illustration of the Week
☕️ What is Brewing at BlueCargo? ☕️
1) Alexandra, CEO and Co-Founder, and Grant, VP of Sales & Success, are getting ready to meet with you at the Gartner Supply Chain Symposium in Orlando; May 6 to 8, 2024.
If your teams are not set up yet for VOC (Validating Operational Charges), now is the time! The final OSRA rule’s effect date is in a month from now!
2) Are you also going to the Retail Supply Chain & Logistics Expo? Or maybe the White Label Expo?
Either or, you can email Pedro HERE and Aurelie HERE.
See you Soon!
