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Early US back-to school sales by retailers hastens peak ocean shipping season

Posted to Maritime Reporter on July 23, 2024

Walmart, Target, and Shein retailers started back-to school sales early in order to prevent Amazon.com Prime Day from stealing U.S. sales for backpacks and computers. This helped advance the peak ocean-shipping season by two-months and increase already high freight rates.

CMA CGM, the shipping giant, signs AI agreement with Google

Posted to Maritime Reporter on July 23, 2024

The French shipping and logistic company CMA CGM announced Thursday that it has entered into a partnership agreement with Alphabet’s Google in order to accelerate the deployment of AI across all its global operations. CMA CGM strives to improve…

Delivering companies respond to Houthi attacks in Red Sea

Posted to Maritime Reporter on July 22, 2024

European ports. Below are actions taken by some shipping business (in. The French shipping group has suspended most Red Sea trips. but is still sending out some cargoes on a case by case basis when. French navy escorts are possible, Chairman and CEO Rodolphe. Saade said on Feb. 29.