A Florida trio was recently sentenced to federal prison for their roles in a $200 million infant formula fraud scheme.
The port is undergoing a modernization initiative and aims to double container capacity as part of a broader effort to attract market share from Northeast and Midwest customers.
Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.
Safety stats show resilience despite aging ships, cut corners on maintenance and rising pressure on seafarers.
A new tracking analytic uncovers the undercurrents within the flow of trade.
Gulf Coast ports continue to see strong demand for container and breakbulk cargo services during the month of April.
The Jacksonville harbor deepening project “demonstrates Florida’s unwavering commitment to strengthen and grow supply chains.”
East Coast gasoline inventories are alarmingly low. Gasoline imports from Europe could help but may not be enough to fill the gap.
It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.
Megaships are helping cause our current supply chain chaos. Big container boats have hampered competition and clogged up ports.
Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.
While drayage has faced demand surges, they have often been the relatively short-lived consequences of labor strikes or steamship company shutdowns. The impact of the pandemic has been much greater, and it is here to stay.
The Port of New York and New Jersey’s outgoing and incoming directors discuss container migration, reliance on data and how they avoided problems plaguing West Coast ports.
According to maritime expert John McCown, the U.S. ports with the strongest April performance were Charleston, South Carolina; Houston; and New York/New Jersey.
It was another record month for GPA, with container volumes up by over 6% year-over-year.
Container shipping spot rates are easing, at least temporarily, and far fewer ships are stuck waiting off U.S. ports.
FreightWaves founder and CEO Craig Fuller lays out the premise of Freedom Trade.
When it comes to lifting lockdowns in China, false hope will remain the norm.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.
April volumes at the Port of Virginia in Norfolk were at the second highest in port history, right behind December 2021.
Ann Phillips will take over at the U.S. Maritime Administration as the agency receives a fresh boost of funding for port infrastructure.
A 34% increase in retail imports is driving cargo volumes higher, SC Ports said.
Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.
China’s zero-COVID policy is a prescription for more inflation and supply chain “illness.”
The pain at the pump keeps getting worse. Bad news for consumers. Good news for owners of refined product tankers.
U.S. regulators have ordered the world’s largest ocean carriers to submit more pricing and capacity data to help protect shipping markets from anticompetitive practices.
Trucking solutions, sitting cargo are among the issues in Henan province’s capital city.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
New container prices, new production, lease rates, lease durations and used container prices are all down.
Expeditors suffered a serious cyberattack in the first quarter, with a loss of volume, but still managed to make more money than the first quarter of 2021.
Container-ship transits of the Panama Canal are up as liners favor the East Coast. LNG transits are down as U.S. gas heads to Europe.
Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.
“Higher shipping costs hit prices of imported goods at the dock within two months and quickly pass through to producer prices — many of whom rely on imported inputs to manufacture their goods,” IMF researchers wrote.
“The only reason for an oil tanker to go to Saldanha Bay is to unload the oil into storage,” says an industry consultant.
Gulf Coast ports got a boost in March from imports of steel and plywood, and exports of petroleum and crude oil.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
COVID lockdowns in major Chinese cities are bottling up freight shipments, but the full impact on global trade won’t be clear until this summer.
China’s zero-COVID measures will make it harder for European exports to reach the East Coast because empty containers aren’t getting where they’re needed.
Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.
FreightWaves founder and CEO Craig Fuller writes about the impact of Chinese lockdowns on global supply chains and the U.S. trucking industry.
The Shanghai lockdown isn’t following the same supply chain script as the big Chinese disruptions of 2020 and 2021.
GTI Transport Solutions announced Thursday the acquisition of container transport provider Foxconn Logistics.
The movement of materials and finished products between China and its key Asian suppliers is taking a big hit — and the ramifications will be felt around the world.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
The U.S. Maritime Administration issued a final environmental impact statement for the Pier B on-dock rail facility at Long Beach and approved the project.
FreightWaves Founder and CEO Craig Fuller analyzes the impact of the latest Chinese lockdowns on the supply chains between China and the U.S.
Five hundred containers were removed from the Ever Forward to lighten its load and help salvage crews refloat the vessel stuck in Chesapeake Bay.
Mario Cordero, Port of Long Beach executive director, says there have been “notable improvements across the supply chain,” but lockdowns in China could change that.
A torrent of backlogged cargo in China is expected to overwhelm global ports once Chinese authorities end widespread COVID lockdowns.
The company participated in a public-private sector short-sea shipping trial program.
Tanker, bulker and LNG shipping stocks rise as domestic freight and container stocks face pressure.
The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.
America’s largest container port, Los Angeles, just posted the best March and best first quarter in its history.
Deputy director for the past three years, Beth Rooney will become leader of the Port of New York and New Jersey on May 2
SC Ports handled 264,334 TEUs in March, up 6% year-over-year.
Major logistics platform E2open’s heavy debt load can be handled by the company’s free cash flow, S&P Ratings says.
Zero-COVID policies seem effective only in creating widespread supply chain disruptions.
Cargo is piling up at the Port of Shanghai because a citywide quarantine means most trucks can’t reach the port to pick up loads and keep commerce flowing.
The debate heats up on whether this is the beginning of the end of container shipping’s bull run.
Maersk is one of the world’s dominant container shipping lines. Now it is making a play to be a major cargo airline.
The ripple effects on logistics from Shanghai’s quarantine are being felt beyond the city as companies try to redirect freight to alternative import/export gateways.
Relief efforts are ‘proving extremely challenging’ for those stuck on 140 vessels in the conflict zone.
March volumes at the Port of Virginia were the highest yet for 2022.
The biggest deal in tanker shipping history would merge Euronav and Frontline, but consolidation is no panacea.
The partnership marks a “pivotal step” toward making green e-methanol more accessible and commercially viable for the maritime industry.
PSA International has added to its port portfolio with the acquisition of Canadian container terminal Ceres Halifax.
Chinese President Xi is intent on eradicating COVID. The policy has come at a high economic cost. A new lockdown in Kunshan could threaten electronics production and further snarl ocean and air transport.
Carl Bentzel’s vision for the next-generation supply chain is one that shares public data across transportation modes and anticipates future shocks.
If at first you don’t succeed, switch to plan B.
China’s latest move announcing a phased-in exit of the lockdowns for the eastern part of Shanghai has logistics managers warning clients about the impact it will have on truck deliveries.
Folding five empty shipping containers into the space of one could curb smuggling, save shippers money and reduce emissions.
Companies that have historically treated drayage and other inland transportation services as an afterthought will need to shift this mindset in order to survive in the current maritime environment.
RH confirms sharp drop in demand since Russia-Ukraine war and sees no supply chain relief.
The ports of Corpus Christi, Galveston and Brownsville will receive federal funding to complete ship channel improvement projects aimed at increasing cargo capacity.
The sustained year-over-year gains propel the Georgia Ports Authority to expedite more than $538 million in funding for projects aimed at increasing capacity at the Port of Savannah.
Big companies are finding it increasingly difficult to make big deals that can get regulatory approval in the U.S. and other countries.
Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.
Gulf Coast port volumes rose in February, boosted by imports of steel and breakbulk cargo, along with exports of petroleum and crude oil.
“This will limit the capability of factories to deliver containers to the ports,” said one industry consultant.
The new container cranes will enable the terminal to accommodate multiple ultra-large container vessels simultaneously.
U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
More than 20 years after the planning began, the Port of Savannah shipping channel has been deepened to 47 feet at low tide.
Key speakers announced for The Future of Supply Chain.
Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.
The Port of Vancouver handled a record volume of containers in 2021, but the biggest driver was the export of empties headed back to Asia.
Shippers should brace for “skyrocketing haulage costs,” HLS Holding warns.
Cost of shipping crude oil remains cheap, but tanker rates could jump if the war doesn’t end by fall.
If imported adult beverages are your thing, there’s a good chance DHL or J.F. Hillebrand took care of the shipping.
The COVID-19 pandemic highlighted the need for federal, state and local governments to develop inland ports to improve network flows, say stakeholders.
Federal regulators will begin to assess how container lines are serving U.S. exporters.
Ship-position data shows a fleet of LNG carriers en route to Europe amid scramble to bolster energy supply.
The refloating of the container ship stuck in Cheseapeake Bay could be a “long, laborious operation.”
Congestion could go from bad to worse as liners steer a record number of container ships toward East Coast ports.
American Made Chassis, an alliance of LB Steel and Integrated Industries, will build the chassis at an Illinois facility.
Host John Kingston also discusses why retail diesel prices haven’t plummeted with the fall in futures prices.
Maritime authority Lars Jensen says the “reality is that vessels do at times get stuck and this is not an event with major global ramifications.”
“50% of our ocean freight out of these two ports are non-electronic products,” explained Terry Unrein, COO of the Americas for Seko Logistics.
Racing a car at 223 mph is insane and so is the logistics that makes it possible. Get ready for the F1 season.
