Maritime

Air and ocean freight company saw its volumes slump but managed to be more profitable as it held the line on expenses.

The drop in ships waiting off Southern California is deceiving. The number of ships off all three coasts is back to all-time highs.

The new rail hub is designed to respond to a growing need to expand domestic intermodal capacity within the greater Seattle region.

Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.

UAE-headquartered port operator Gulftainer says it has turned a “poorly performing past two years into a significantly positive first half of 2022.”

Container, crude oil and petroleum shipments rose as ports in Houston and Corpus Christi recorded strong freight volumes in June.

Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.

A top regulator says more staff is needed to properly carry out new ocean carrier reforms signed into law by President Joe Biden.

Consumer demand, vessel diversions and efforts to avoid congested West Coast ports drove the Georgia Ports Authority to break its record for annual volumes.

Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.

Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.

CPC Logistics and NASCAR honor drivers; how to intern at a port; what insurance says about the trucking market; biofuels and more on demand on WTT

As truckers protest for the fifth day, workers at the Port of Oakland have been busy setting up orange barricades at all four of the marine terminals in case demonstrations over controversial state law AB5 spill over into next week.

Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.

Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.

Port of Oakland officials are imploring truckers to end their protest over AB5 as the independent contractors prepare to block the terminals for the fourth day on Thursday, bringing container movement at California’s third-largest port to a standstill.

Two years after he predicted supply chain disruptions due to the pandemic, the supply chain scion says the ecosystem remains broken. All that has changed, he says, is an acknowledgment of that reality.

America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.

Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.

Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.

Yang Ming’s newest 11,000-TEU container ship will call the Port of Los Angeles on its maiden voyage.

The Biden administration wants to speed an effort unveiled in March to create a first-time freight data exchange for U.S. container shipments.

Insurance and risk management firm TT Club says “Book it right and pack it tight” provides guidance for preparing unitized consignments of dangerous goods for carriage by sea.

New guidance from the Federal Maritime Commission on disputing ocean carrier charges is considered a “landmark moment” by U.S. exporters.

Ocean carrier HMM announced Thursday it will invest $7.5 billion over the next five years on ships, terminals and logistics facilities.

Drayage provider ContainerPort Group has announced the addition of truck capacity in key port markets.

Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.

Higher amounts of loaded imports and empty export boxes contributed to a nearly 15% increase in volumes.

Congress introduced a bill to protect the health of port communities and address climate and environmental justice issues.

From crude tankers to product carriers to dry cargo ships, the largest vessels are earning less than their smaller counterparts.

Work is underway to develop container-handling terminals in as many as five states along the Mississippi River.

Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.

There were 125 container ships waiting offshore on Friday, including 36 off Savannah, 24 off Southern California and 20 each off Houston and New York.

Nippon Express has launched a multimodal transport service for shipments from the U.S. and Canada to Asia via Mexico.

On demand on WTT: Marine autonomy as a service; the market for drivers; latest on port contracts and more

In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.

A new law authorizing tandem loads of 20-foot containers went into effect in Louisiana on June 17.

Container market experts advise carriers and shippers to act quickly now that new rules regulating ocean shipping are in effect.

The number of import containers sitting at LA/LB terminals for nine days or more has more than doubled since February.

West Coast port employers and labor won’t extend their contract during bargaining, as business groups would like them to do.

A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.

Labor strikes and slowdowns at ports in Germany, Antwerp, Belgium, and Rotterdam, Netherlands, are crippling trade and could trigger more logistical inflationary pressures for U.S. importers and consumers.

Lawmakers and shippers urge quick wrap-up of new dockworker labor pact on the eve of the contract deadline.

Spot freight rates are easing, but in a sign of resilience, container-ship charter rates remain near all-time highs.

Container lines stand to gain from unprecedented berthing priority under a proposal introduced by California lawmakers aimed at helping U.S. exports.

Container and breakbulk volumes rise as Gulf Coast ports record strong shipping volumes in May.

A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?

Trailer Bridge signed a $62 million lease agreement with the Jacksonville Port Authority to continue operating a Blount Island terminal through at least 2041.

Both Democrats and Republicans representing the Pacific Northwest say the creation of a ship-to-rail container port at the existing Port of Coos Bay could boost West Coast port capacity by as much as 10%.

Three commissioners of the Federal Maritime Commission contend a merger between Canadian Pacific and Kansas City Southern would result in diverting U.S.-bound intermodal traffic to Canadian ports.

Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.

Pactum uses AI and chatbots to automate contract negotiations for some of the biggest companies in the world.

The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?

FreightWaves founder and CEO Craig Fuller analyzes the bullwhip effect on the current retail and trucking environments.

The drowning of over 15,000 sheep off Sudan is just the latest in a very long line of black marks for livestock shipping.

Port Houston awarded $429 million to Weeks Marine and Curtin Maritime Corp. to dredge the Houston ship channel.

On this week’s Drilling Deep podcast, host John Kingston talks with colleague Henry Byers about the data that shows a coming collapse in ocean freight movements.

Despite the debate on ocean shipping reform, the law will be signed into law by President Biden relatively soon. With his presidency increasingly defined by record-breaking inflation, it is clear his administration is focused on efforts to correct course.

Retail sales are still up double digits compared to pre-COVID. Inventory-to-sales ratios have yet to fully recover.

Federal Maritime Commissioner Dan Maffei says in an interview that the bill will return “credibility to the supply chain.”

A number of East Coast ports saw volumes increase in May, and Savannah was one of them.

Blackstone Group, one of the premier New York investment groups, is putting $130 million on fintech/freight tech firm PayCargo.

Chain.io has raised $11 million in a funding round to help grow its technology and support base as it seeks to create frictionless supply chain integrations.

America’s peak cargo importing season will start early this year, by the end of this month, says the Port of Los Angeles boss.

Japanese shipping firm Ocean Network Express has filed a lawsuit against Union Pacific because a shipment of solar panels was stolen in transit.

President Biden plans to sign into law the Ocean Shipping Reform Act, the first ocean shipping regulations passed by Congress since 1998.

Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.

Shanghai’s weekend quarantine of 15 out of its 16 districts affected the flow of exports bound for the Port of Shanghai, according to CNBC Supply Chain Heat Map provider OrientStar Group.

OceaNS Bridge Express, a partnership among NS, Union Pacific, Hapag-Lloyd and the Port of Virginia, could be a means to avoid West Coast port congestion while taking advantage of East Coast port capacity improvements.

Ex-Amazon executive is seen as the more experienced operator that Flexport now needs.

President Biden made his case for getting ocean carrier reform on the books by accusing ocean carriers of jacking up prices for consumers.

Both sides were slated to return to the negotiation table Friday.

Analysts from J.P. Morgan and Bank of America warned of an impending disaster for U.S. imports.

May was one of the busiest months in history for the container ports of Long Beach and Charleston.

FMC rulemakings and reports included in the Ocean Shipping Reform Act of 2022 will begin taking shape soon after the bill is enacted. Here’s a breakdown.

President Biden underscored his support for ocean shipping reform as he prepares to speak at the Port of LA. Here’s a rundown of major efforts the administration has taken to date to ease supply chain disruption.

With President Biden to speak at the Port of Los Angeles on Friday, here’s a look at how California’s San Pedro Bay emerged as America’s key port complex.

“We are pleased with this settlement as it creates a common understanding in close cooperation and coordination with the authority on the future handling of demurrage and detention charges in the U.S.,” Hapag-Lloyd said.

There is one reason behind this trade snarl. One. Can you guess? Bet you can’t unless you are an importer.

The International Maritime Organization and a California congressman look for strategies to lower emissions on World Ocean Day.

Founder Ryan Petersen will become Flexport’s executive chairman after a six-month transition.

Green hydrogen producer Plug Power is building a plant at the Port of Antwerp-Bruges in Belgium to help decarbonize the region’s logistics.

A combination of rising fuel prices, lowering spot rates and falling imports makes for a freight market in transition.

EU sanctions on Russian petroleum exports could have much more serious repercussions than earlier U.S. moves.

The French and Danish container lines CMA CGM and Maersk are reinvesting big profits in their air cargo fleets and service offerings.

There’s no wave of containers coming to rescue U.S. freight markets. Booking data shows that U.S. imports are cratering.

Maersk said it can provide end-to-end supply chain solutions with its ships calling its APM Terminals Elizabeth, followed by clearance through Maersk Customs Services and finally storage, fulfillment distribution and inland transportation through Performance Team.

CMA CGM, the world’s third largest liner company, froze spot rates in September-January, yet its revenue per container kept rising.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port Houston kicks off a $1.1 billion ship channel expansion; trucks carried 68% of all U.S.-Mexico cargo moved in March; a Texas woman pleads guilty to embezzling millions from a shipping company; and Siemens plans to build a $35 million export plant in Mexico.

It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.

KlearNow has launched KlearNow Drayage, a marketplace for importers and drayage operators.

An expert reveals what’s wrong with ocean shipping giants. Consumers are footing the bill for their massive profits.

The number of container ships waiting off Los Angeles/Long Beach recently sank to 25, the lowest tally since July 2021.

The Federal Railroad Administration grant will be used to upgrade the intermodal rail yards at the Seagirt Marine Terminal.

The Port of Hamburg could suffer a container pileup if labor issues are not resolved in Germany.

While the Federal Maritime Commission’s Rebecca Dye found no evidence of collusion among the major ocean carriers, an investigation into the “numerous charges” they assess still could be launched.

Freightos, a backed by FedEx, is raising capital through a special purpose acquisition company and IPO.

Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?

Work remains for the Biden administration’s new port envoy, Stephen Lyons, to untangle freight supply chains.

Supply chain bottlenecks on the West Coast last year were evident in global port ranking data.