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January 2 2023

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Januar y 2, 2023 | Journal of Commerce 1 Contents January 2, 2023 • Vol 24 • Issue 1 Delivering Global Trade and Logistics Intelligence. Since 1827. 8 Cover Story Turning the page Calmer supply chain waters beckon in 2023 DEPARTMENTS 24 Maritime Flood warnings New container ship deliveries will exacerbate existing overcapacity Crashing wave Record trans-Pacific freight growth will recede in 2023 The waiting game Shippers and carriers are in no rush to negotiate annual trans-Pacific contracts End of the bull run Slowing US demand growth will spur increased trans-Atlantic blank sailings About face A European recession is dragging down Asia–Europe freight demand and rates COLUMNS 4 The winds of 2023 By William B. Cassidy 128 Looking in the wrong place By Peter Tirschwell 6 Echoing into 2023 126 Commentary Index 127 Classified Ads TIMELINES 22 Maritime 66 Government 78 Surface Transportation 102 Logistics 118 Air Cargo 124 The next chapter Keeping busy There's plenty of work in the pipeline for breakbulk carriers, but rates are uncertain In search of stability US marine chassis supply-demand balance is expected to improve in 2023 Free and clear US West Coast ports are starting 2023 virtually congestion-free The next swell Southeast US ports are adding capacity to handle long-term volume growth Top billing New services and West Coast labor talks pushed New York–New Jersey into the top US port spot Growth spurt US Gulf Coast ports are aiming to sustain their volume gains aer a banner 2022 2023 ANNUAL REVIEW & OUTLOOK IN PERSPECTIVE 35 A technological reckoning By Lars Jensen 82 Building resilience By Jeff Tucker 83 Kicking the habit By Satish Jindel 87 Broken arrows By Theodore Prince 88 Setting the stage By Lawrence Gross 106 A changing liability regime By Ryan B. Schreiber

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