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.
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.
