Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
An intermodal container terminal in Alabama targeted for “earmark” funding would extend the reach of the Port of Mobile.
In an effort to keep trade flowing, major carriers have canceled sailings to Yantian — a useful diversion that has created a whole new chain of bottlenecks.
From A.P. Møller – Maersk to ZIM, the world’s shipping lines reported huge profit jumps.
A new supply chain task force emerges from the Biden administration’s 100-day review.
With their recycling, shipping, offshore and supply chain expertise, Coca-Cola and Maersk are helping The Ocean Cleanup rid the oceans of plastic pollution around the world.
Congestion is cutting liner capacity just as freight rates are at all-time highs, incentivizing carriers to buy or charter more ships.
Environmental regs could extend future dry bulk and tanker upside, while consolidation could change curve of container-shipping cycle.
Transport deregulation’s long game has left much of the asset-based carrier field with few players. Will the cycle turn to usher in a cast of competitive newbies?
The cranes cost $21.6 million to construct; a price tag on vessel and cargo damage has not yet been estimated.
There was a fair amount of “feel-good” talk regarding inventory build during the fiscal first-quarter retail earnings season. But for several chains, the year-over-year comparisons were easy. Further, sales have continued at an elevated clip, suggesting the massive merchandise restocking is far from over.
Retailers at increasing risk of not getting goods from Asia on shelves as ocean transport system hits limit.
If the farmer had the phone number of the customer buying the grain or OFE’s app to make the match, maybe there wouldn’t be as many middlemen and maybe the farmer would have better options.”
Freight forwarder will pay “absolute historic high” to secure container ship as “people are panicking” amid “out of control” market.
The U.S. Army Corps of Engineers budget provides first-time federal funds to deepen and widen Norfolk Harbor.
Out of an abundance of caution, carriers like Maersk extended the suspension of vessels into the ports from May 31-June 6.
A mid-May blaze inside the roll-on/roll-off vessel was just the latest incident that halted removal of the Golden Ray, which capsized in September 2019.
A search is ongoing for three missing crew members from a roll-on/roll-off vessel that sank after colliding with a tanker.
After an 85% revenue jump, the South Korean carrier turns its attention to meeting its carbon neutrality target.
Ships at anchor are unlikely to clear by peak season. Congestion is forcing wide-scale voyage cancellations.
“Demand for products and services both domestically and abroad is driving significant gains in Georgia’s cargo volumes,” says Executive Director Griff Lynch.
“The supply of container equipment is currently one of our industry’s biggest challenges,” says Hapag-Lloyd CEO Rolf Habben Jansen.
Get your cameras ready along the coasts of Georgia and South Carolina.
FreightWaves chats with chief sustainability officers about their experience and how they drive sustainable change at each company.
The containers that U.S. shippers need are all built in China, where factories could set a new production record this year.
On National Maritime Day, let’s not forget those at sea who are key to sustaining our economy and delivering essential supplies.
Initial National Transportation Safety Board report says the SEACOR Power crew hit rough weather shortly before capsizing in the Gulf of Mexico in mid-April.
How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.
Shippers call on lawmakers to expand government oversight of contracts between ocean carriers and their customers.
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
Dan Kopp, CEO of freight brokerage ITG Transportation Services, joins Trey Griggs, VP of sales at Lean Solutions Group, to discuss the ocean shipping environment at FreightWaves LIVE @HOME.
Salvage crews have pumped more than 20,000 gallons of diesel fuel from the still-submerged lift boat.
The Energy Observer is on a seven-year cruise to publicize the role alternative energy could play in the shipping industry.
Container activity was 275,840 TEUs at the port in April, an increase of 25% year-over-year for the month of April.
With the retail inventory-to-sales ratio still falling, U.S. importers are urged to move fast on their holiday import plans.
The capsized roll-on/roll-off vessel has been on its side near Georgia’s Port of Brunswick since early September 2019.
There have been no reported injuries, pollution or cargo losses aboard the vessel deployed on a ONE Atlantic service.
Freight shipments continue to break records with little signs of slowing. The year-over-year comparisons get tougher in the back half of 2021 but the current supply-demand dynamics may not change all that much.
Container rates are in uncharted territory. If demand continues to outpace supply, there’s little to stop them from ascending further.
American Maritime Partnership warns the Biden administration to guard against waiver manipulation by refineries in the wake of the Colonial Pipeline shutdown.
Vessels get the green light after a portion of the Mississippi River near Memphis was closed to traffic for a few days. Inspectors found damage to the bridge above it.
Howard Energy Partners will provide logistic solutions for renewable diesel at Diamond Green Diesel’s new plant in Port Arthur, Texas.
“This was by far the busiest April in the port’s 114-year history, outpacing the previous record set just back in 2019 by a hefty 29%.”
The situation for importers is getting even more dire. Already extreme container rates are ascending to even higher peaks.
“This fracture had the potential of becoming a catastrophic event,” ARDOT Director Lorie Tudor said about a crack found in the I-40 bridge linking Arkansas and Tennessee.
E-commerce spurs a year-over-year container volume hike of 43.6%.
The Biden administration has issued a Jones Act waiver amid fuel shortages and rising gas prices sparked by a pipeline outage.
Containers, vehicles and rail moves contribute to a record April for the South Carolina Ports Authority.
A “truly outstanding quarter” lifts net profit from $27 million in 2020 to $1.45 billion this year.
Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.
The Biden administration is considering waiving the Jones Act in the wake of the Colonial Pipeline shutdown.
Airfreight markets around the world are facing serious capacity constraints. Trade growth is overwhelming the physical ability of carriers to move goods and it’s reflected in transport prices.
Trans-Atlantic product tanker rates have spiked, but a quick pipeline restart would curb future upside.
The facility will be located about 8 miles from the Georgia Ports Authority’s Garden City Terminal.
Formerly containerized cargoes are being loaded onto bulkers. Box-ship orders are keeping future bulker growth in check.
Exported empties contribute to the Port of New York and New Jersey’s monthly volume record.
China’s potential monopoly over containers and intermodal chassis is the target of an investigation by FMC Commissioner Carl Bentzel.
Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.
In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.
Salvage crews are using a special method to remove fuel from the capsized commercial lift boat SEACOR Power.
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
In the prepared statement released with earnings, CEO Musser says the current market has no precedents.
COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.
The Port of Montreal is a major trade gateway for Canada. The Canadian government busted up a strike by unionized dockworkers and cargo will start flowing again.
Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.
Container rates doubling from a year ago is a lesson for port investment, according to Port of Long Beach’s Mario Cordero.
The process is underway to clear wreckage of the capsized SEACOR Power and minimize environmental impacts.
Canadian lawmakers approve legislation to force an end to a strike by Port of Montreal longshoremen.
Now that shipping lines hold the pricing cards, importers must reset strategies, says Sea-Intelligence’s Jochen Gutschmidt.
Within maritime logistics circles, an effort is underway to update the technology the industry relies on to take advantage of recent advancements in hardware and software technology.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
The Coast Guard answers the call to help a Pacific island nation devastated by Typhoon Surigae in mid-April.
DSV Panalpina announced Tuesday it plans to acquire the logistics arm of Agility Public Warehousing for $4.1 billion. The deal is expected to turn the transportation and logistics company into a top 3 forwarder globally.
Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
“Both Hapag-Lloyd and USMX were well aware that the work in question would have been handled by ILA members” if the vessel had gone to another port, the International Longshoremen’s Association lawsuit asserts.
Port of Montreal longshoremen began an unlimited strike on Monday morning, but the Canadian government is set to step in with back-to-work legislation to avert more disruption to the supply chain.
Port of Montreal longshoremen say they will begin a full, indefinite strike starting Monday after their employers moved to change regular schedules.
Prologis launched a new LEED program, Blume Global says it will be carbon-neutral very soon, and bays are seeing ecological recovery.
Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.
Evergreen should decide whether to leave the containers on board the vessel or come up with a way to transfer them.
U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.
“The container shipping industry is currently seeing unprecedented demand, which has led to a shortage of containers all over the world,” says CEO Rolf Habben Jansen.
“We have invested in the right infrastructure at the right time to handle growing cargo volumes and bigger ships,” says South Carolina Ports’ Jim Newsome.
The container ship now is expected to anchor in San Pedro Bay on May 1.
U.S. maritime regulators are giving ocean carriers and shippers more flexibility to meet contract filing requirements.
Dry bulk shipping rates are now double to triple five-year averages. Stock prices of dry bulk owners are on the ascent.
Eight missing crew members of a Seacor Marine lift boat are presumed dead.
A total of 19 crew members were on board the Seacor Power when it overturned during rough weather 8 miles off of Port Fourchon, Louisiana.
Savannah’s record March underscores why it’s investing hundreds of millions on new capacity upgrades.
The Teamsters call it a strike, but it is more of a protest. Still, it did garner support from another union on Wednesday.
The ongoing search for missing crew members of the capsized Seacor Power has intensified.
U.S. ports just booked their largest import hikes in memory, according to The McCown Report.
Retail sales surged in March along with freight volumes. An increase in vaccinations and stimulus payments provided a “perfect alignment” for the blowout report.
As longshoremen begin partial strike, here are seven key questions about the Port of Montreal, the labor dispute and what might happen.
Imports into Los Angeles at not slowing down. Can the backlog be cleared before the peak-season swell begins?
“We’re giving it all we have,” Coast Guard Capt. Will Watson said about the search for a capsized commercial vessel’s missing crew members.
NOAA Ship Fairweather, a coastal survey vessel, will return to its homeport after a major renovation of the facility.
More than a third of the crew on the MSC Gayane smuggled cocaine in June 2019. The first prison term has just been handed down.
Port of Montreal longshoremen will begin a partial strike after employers moved to stop providing guaranteed minimum pay as labor dispute hits the skids, again.
