U.S. inventory-to-sales ratio still historically low as key import source — China — faces growing delta variant risk.
An American company has accused foreign ocean carriers of abusing the container market to pad their profits.
Almost no container ships were stuck at anchor when 2020 peak season began. This peak season, terminals are pre-clogged.
Ocean Network Express says the “economic environment is now changing” and it cannot forecast what the rest of 2021 holds, but Hapag-Lloyd can. It expects to triple 2020’s EBITDA.
We have a new winner in the ocean shipping game of “How High Can Rates Go?” — about 15 times higher than before the COVID crisis.
Disparities between container index prices wider than ever after big course correction by Freightos.
The Ever Given, stuck in the Suez Canal for six days in March, finally berthed at the Port of Rotterdam on Thursday.
Supply chain congestion is more about issues with throughput among various stakeholders and less about Norfolk Southern’s ability to handle volumes, executives said during NS’ second-quarter 2021 earnings call Wednesday.
U.S. shippers this holiday season will need more than Rudolph’s red nose to guide them through the whiteout of congestion.
The union representing thousands of Canada Border Services Agency personnel warns of “significant disruption to the flow of goods” if its members go on strike.
Despite all-time-high container production, demand continues to outpace supply and new box prices keep rising.
The Port of New Orleans recently discharged an international shipment of steel coils from Taiwan to the Port of Caddo-Bossier in Shreveport.
Matson is adding a seasonal express service to help deal with the upcoming peak shipping season from China. But will it help with freight transportation delays?
JAXPORT saw a 15% increase in container volume and a 20% growth in vehicle volumes for the first three quarters of its 2021 fiscal year, the Florida port said Monday.
Good news for dry bulk shipping stocks, bad news for decarbonization: The global coal trade is thriving.
Griff Lynch, the Georgia Ports Authority’s executive director, doesn’t expect another growth spike and says he’ll be happy to maintain current volume levels.
APM Terminals on the U.S. Gulf Coast wants potential importing customers to know it has access to the Midwest via five Class I railroads.
Shanghai, the largest container port in the world, has stopped operations because of a big storm.
Exports of liquefied natural gas, agricultural commodities and crude oil led the way during first half of 2021.
Americans were expected to divert disposable income away from goods as the economy reopened to travel, lodging and entertainment. It isn’t happening, most observers say, and the supply chain implications are profound.
Vietnam is the newest epicenter for supply chain chaos. Manufacturing and port activity have been cut by new COVID precautions.
An environmental report demands zero-emission shipping by 2030 and rejects LNG as an alternative, while urging more transparent emissions reporting.
The chairman of the Federal Maritime Commission defends the lack of fines levied in 2020 while requesting a funding boost for 2022.
The Federal Maritime Commission is auditing container lines to evaluate potential abuse of leverage against exporters.
Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.
Fiscal year 2021 was a record year at the Port of Virginia, with an increase in loaded imports and volume growth for empty export boxes.
The ocean carrier said Monday that BNSF is reducing import traffic at the ports of LA and Long Beach, while inbound trains from New York area ocean terminals to three Midwestern destinations are also being monitored.
Despite epic container rates and hefty dry bulk profits, stocks fell by double digits over the past three weeks.
The president of Panama, Laurentino Cortizo Cohen, visited Port Houston Thursday to celebrate five years since his country completed the expansion of the Panama Canal.
Container ships in the congestion-plagued trans-Pacific trade have stepped on the gas, with some vessels now topping 20 knots.
The seven-day suspension of service, starting on Sunday, is aimed at helping ocean carriers, UP and other stakeholders to catch up and relieve the congestion at West Coast ports and busy inland terminals, especially Chicago.
Total June container volume was 292,627 TEUs, a 39% increase compared to the same month in 2020.
Wave of cargo delayed by COVID outbreak in Yantian, China, is starting to hit California’s already strained terminals.
Fiscal year 2021 was not only a banner year for South Carolina Ports but also a roller coaster one as volume lows in July 2020 transitioned quickly to record number of TEUs handled.
What happens to ocean vessels when they’re retired? AskWaves explores how this initiative is striving for transparent ship supply chains.
With 39 ships at anchor, the Port of Vancouver is continuing to feel the strain as CP and CN resume service in a fire-afflicted region of British Columbia.
Crowley’s eWolf electric tugboat will have 70 tons of bollard pull and release zero tailpipe emissions.
The Federal Maritime Commission has partnered with the DOJ to pursue competition violations.
“I think we need to squash the whole thing and start over,” said Kempisty.
An in-depth look at CEO compensation in container shipping, bulk shipping and the cruise industry
Eastern Shipbuilding opens a new shipyard in northwest Florida with Staten Island Ferry orders.
One alternative: The team moves to Las Vegas, though that would keep Howard Terminal in place.
The SACP 3.0 agreement will create the largest fully interoperable chassis pool in the U.S., covering the states of Alabama, Florida, Georgia, North Carolina and South Carolina.
New disclosures by lines point to massive ocean-carrier profits in the second quarter.
Biden’s executive order calls on the Justice Department to help regulators monitor pricing practices and anticompetition in the container shipping and rail sectors.
A disruption to CN and CP rail service caused by a wildfire is putting the Port of Vancouver under pressure as Maersk and Hapag-Lloyd warn of delays and congestion.
McCarthy Construction Cos. has been awarded three projects to help handle growing cargo volumes on the Texas Gulf Coast.
The project continues the region’s hot streak in attracting logistics development.
More box ships, bulkers and tankers are changing hands than ever before — good news for ship values and stocks.
In this excerpt from ‘Navigating B2B,’ Steve Ferriera reveals his introduction to the power of giving.
The saga of the Ever Given moves to its next chapter as the container ship that captured the world’s attention when it became wedged between the banks of the Suez Canal in March is released from custody in Egypt to resume its voyage to the Netherlands.
The biggest container shipping line in the world says container traffic at the massive Port of Yantian in China is moving much better after COVID restrictions were recently lifted. But exporters have a long way to go before ocean shipments go smoothly again.
Ocean carriers could make up for two decades’ worth of losses in a single year as demand overwhelms vessel supply.
NS is working to repair a defect that could affect over 5,000 chassis. The repairs come amid high congestion at terminals and intermodal facilities across the U.S.
California offshore traffic jam, Ever Given, Yantian closure, skyrocketing rates and volumes … what’s next for container shipping?
The Louisiana International Terminal will be capable of handling 2 million twenty-foot equivalent units annually.
TRAC Intermodal details in a case study how it partnered with ZIM Integrated Shipping Services to develop a dedicated chassis pool at the ports of Los Angeles and Long Beach.
DP World announced it has acquired Auburn Hills, Michigan-based supply chain solutions provider syncreon at an enterprise value of $1.2 billion.
Federal funding and private investments lend support to the supply chain infrastructure surrounding the Port of Savannah.
More problems loom for importers of Asian containerized goods and tanker slump could last even longer.
The South Korean ocean carrier says the newbuilds will provide the “capacity and flexibility” to serve its shippers.
May’s container movements at the Jacksonville port beat the previous record set in October 2019.
The Port of Yantian is operating at 100% on the vessel side again after a month of delays, but that doesn’t mean the container buildup will get resolved soon.
The Port of New Orleans reported a 4% increase in breakbulk cargo volume in May, fueled by steel and general cargo.
Rates for smaller bulkers remain at decade highs with most dry bulk stocks up triple digits since November.
A year and a half after COVID emerged in Wuhan, China’s exporters, liners, shipyards and container factories are all booming.
A potential strike by Canada Border Services Agency officers threatens to disrupt the country’s supply chains. The Port of Vancouver could feel the most pain.
The company plans to build on UNF’s transportation and logistics program with real-life experiences, Crowley’s CEO says.
Less-than-container load service will run weekly from the ports of Altamira to Santos.
The past week in images features a dust storm, an explosive Navy test and a mobile national memorial.
The project to expand the Howard Street Tunnel has received federal environmental approvals, bringing the $466 million project closer to fruition. The expansion will enable the tunnel to accommodate double-stacked container trains, which could benefit the nearby Port of Baltimore.
The 32nd version of the venerable report waxes philosophical on why more, not less, logistics spending will be needed.
There has never been a better time to own container ships and lease them to liners. But some owners are selling ships and cashing out.
Normally big projects are scheduled during slow periods, but the Port of Savannah can’t wait to deepen its berths so there will be extra cargo delays for a few weeks.
“The demand is still here, the demand is growing, ships are getting bigger,” says Port Houston Executive Director Roger Guenther.
An agreement reportedly has been reached that will allow the Ever Given to finally resume the voyage halted when the container ship became wedged between the Suez Canal banks in March.
AskWaves explores the difference between measuring emissions based on what comes out of the tailpipe versus the emissions for the entire life cycle of a shipping fuel.
Shipowner associations ask, “What are we waiting for?” to accelerate research and development for zero-emission shipping technologies and fuels.
Hapag-Lloyd now will add 12 23,500-TEU container ships to its fleet beginning in 2023.
Americans are spending more on services. Contrary to predictions, this has yet to curb demand for containerized goods.
Ocean carriers and Class I railroads both agree that chassis shortages are contributing to volume congestion. But solutions to relieve the congestion rely on multiple supply chain stakeholders, say the railroads.
The Federal Maritime Commission tells Congress exporters allege they are being threatened by ocean carriers if they complain about excessive fees and unfair practices.
Spot pricing has surged even higher, propelled by carrier rate hikes and China congestion fallout.
U.S. food trade group tells maritime regulators that carrier profits do not justify added fees.
The report says that North America will be less appealing than Asia in the eyes of business, at least through mid-decade.
“We know larger ships carrying increased volumes are coming. We want to be out in front of that curve.”
Port Tampa Bay will become one of three Gulf Coast ports accepting containerized cargo from fruit importer Dole.
The headline number for May retail sales was a sequential decline. What may have been lost in the report is that consumers are continuing to spend at a record-setting pace, which bodes well for freight flows.
There’s fintech and FreightTech. PayCargo plays in both spheres and is well supported by investors.
The Federal Maritime Commission is open to considering a mandate on container carriers to book U.S. exports.
May was the busiest month in the 114-year history of America’s busiest port.
Former chief mate of MSC Gayane gets seven years behind bars for lead role in massive 2019 smuggling operation.
South Carolina Ports is touting two new export facilities projects that will have access to the Port of Charleston: a production facility and distribution center for winemaker Gallo and an agricultural transload facility run by Northwest Grains.
South Korean shipping line HMM says it was victim of a cyberattack that caused outages to its e-mail systems.
Decision to secure dedicated vessel highlights unprecedented strength of container shipping and risks faced by importers.
Container spot rates spiked again, with new records set. For importers, the worst is yet to come.
The “unprecedented” influx of imports continues on the West and East coasts.
Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
“With our sustained focus on supply chain digitization, infrastructure investments and strong business relationships, we have the opportunity to build on this historic milestone,” says Executive Director Gene Seroka.
The barge and tugboat operator said if no buyers come forward, it could begin employee layoffs by July 15.
