Anchorages are filling up with ships off multiple ports — not just California’s. Yet the reasons behind the traffic jams are not always the same.
The lack of Lunar New Year shutdowns contributes to the busiest February on record.
Booming sales, thin inventories and more stimulus on the way provide the backdrop for potentially setting a new record for retail container imports in 2021. The National Retail Federation raised its outlook again for loaded containers landing at U.S. ports in the first half of the year.
The Port of Virginia has recaptured some U.S. military business it lost over the years.
“We are solving meaningful business challenges with innovation and passion,” says GreyOrange Chief People Officer Ramya Sampath Sharma.
How does California congestion rank versus 2015 logjam caused by tensions with dockworkers union? It’s not even close: 2021 wins by a long shot.
“As we continue to recover from the COVID-19 pandemic, now is the time to accelerate our throughput and growth,” says Pennsylvania Gov. Tom Wolf.
Wells Fargo transportation research analyst Allison Poliniak-Cusic raises expectations for intermodal providers in a new report. Favorable catalysts for the mode are expected to carry into 2022.
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
“Ocean Insights has dominated the container-tracking space, and we look forward to providing the industry not only the best ocean capabilities but also the most comprehensive end-to-end visibility platform,” says project44 CEO Jett McCandless.
Drayage trucking and logistics company ContainerPort sold its container yard and depot division to ITS ConGlobal, a company with intermodal, finished vehicle and depot service terminals.
If ocean freight rates have legs, analysts see much more room for the secondhand ship values to run — which should, in turn, boost stocks.
Northwest Seaport Alliance reports January exports dropped 13.4% year-over-year.
Jefferies senior analyst Randy Giveans outlines why it is now a particularly good time to buy container-shipping stocks.
The Sustainable Shipping Initiative’s road map to sustainability includes financial, social and environmental sustainability factors.
Today’s container market chaos underscores the need for enforceable ocean contracts as opposed to loose agreements, argues consultant Tom Craig.
Ocean Audit’s Steve Ferreira and AutoZone’s Jack Conaghan discuss how beneficial cargo owners should strategize contracts and containers during 2021.
Lina Jasutiene, managing director and founder of Recoupex and a former lawyer for the shipping line MSC, explains what shippers can do to successfully pursue damage claims. She talks to Steve Ferreira, the CEO of Ocean Audit, during a fireside chat at FreightWaves’ Global Supply Chain Week.
Maritime regulators warn the Houston port agency against restrictions that could hamper the Gulf Coast container trade.
The bosses of public dry bulk shipping companies claim that recent market oddities point to good times ahead.
“American customers will be able to choose to transport their goods using LNG, a new technology that helps to preserve air quality by eliminating almost all atmospheric pollutants,” said CMA CGM CEO Rodolphe Saadé.
California will boost testing procedures to enforce distillate fuel regulations.
Evan Efstathiou discusses why VCs are looking to invest more in maritime just as shipowners are looking to partner more with startups.
Ocean Audit CEO Steve Ferreira chats with Vanguard Logistics Services Vice President Stephanie Loomis about what importers and beneficial cargo owners can expect as they undergo contract negotiations with the ocean carriers this year.
The Global Secure Shipping project began after 9/11 when the government sought increased security at ports. This fireside chat explores the customs, weight, six-sided security and visibility benefits of smart containers.
Federal Maritime Commissioner Carl Bentzel discusses the agency’s options in regulating rates and service amid the booming U.S. container supply chain.
The commanding officer of the U.S. Coast Guard icebreaker Polar Star talks about the commercial challenges and opportunities in the Arctic.
Gordon Downes, CEO of New York Shipping Exchange, joins Ocean Audit’s head Steve Ferreira to chat about structural changes in container shipping and the place two-way committed contracts have in the industry.
BIMCO’s Peter Sand discusses whether container shipping’s ‘new normal’ has legs and what’s next for the sector.
Amazon may get the headlines for promising fast deliveries, but if it can’t get the product from overseas, the efficiency of trucks and delivery vans won’t make a difference.
The ocean carrier has not said when customers can expect to receive damaged or intact cargo.
Suvrat Joshi joins logistics software-as-a-service platform FarEye as chief product officer.
Philip Damas, managing director at Drewry Shipping Consultants, and Andy Gillespie, director of global logistics at Ansell Healthcare Products, chat about the current port congestion and how the situation can be corrected.
1996: At 1,044 feet (318.2 meters) long, the new Maersk ships are longer than the Eiffel tower, but they are still capable of a high speed of 25 knots.
Shipping experts chat about the COVID-19 supply chain and how consumer e-commerce demand has impacted seasonality and congestion in freight.
“Importers are exhausted” and foundation change is necessary, says Flexport’s Sanne Manders.
Globalization isn’t just driven by comparative advantage. It is skewed by subsidies and mispricing of risk, according to author Marc Levinson.
Airfreight markets are topsy-turvy in the COVID era, but importers and exporters can count on one thing: paying two to three times normal rates. CFOs will have to increase their transport budgets if they want goods to move quickly.
Duncan Wright, president at UWL, shares advice for shippers navigating difficult challenges, from port congestion to carrier contracts.
AgTC’s Peter Friedmann said Hapag-Lloyd’s Rolf Habben Jansen failed to mention in a press conference that the container shipping lines are enjoying record profits “while pushing their customers into real financial trouble, some towards bankruptcy.”
FreightWaves is bringing back its in-person events this year with the F3: Future of Freight Festival in November, celebrating all things freight in a communitywide celebration throughout the city of Chattanooga.
It’s not just small and midsized importers that face massive contract rate hikes. Even the biggest shippers will feel the pain.
Greg Tuthill, chief commercial officer of SeaCube Containers, sizes up the market for refrigerated shipping containers during a fireside chat at FreightWaves Global Supply Chain Week.
AgTC’s Peter Freidmann highlights the hurdles U.S. food exporters confront as they vie for containers to transport their goods.
“There’s tremendous opportunity for Florida-bound cargo,” says JAXPORT CEO Eric Green during his State of the Port address Tuesday.
Brett Rose, the CEO of United National Consumer Suppliers, discusses how container ship congestion is impacting the retail sector during a fireside chat with Lori Ann LaRocco, CNBC senior editor of guests and American Shipper columnist, during FreightWaves’ Global Supply Chain Week.
Container shipping line CMA CGM wants to be an airline too. Its new air cargo unit has identified Chicago as its first destination and is giving preferential space on its aircraft to subsidiary CEVA Logistics.
Jon Gold, the vice president of supply chain and customer policy with the National Retail Federation, sits down for a fireside chat withWeston LaBarof the Harbor Trucking Association to discuss the backup in the port of Long Beach/Los Angeles.
The Maersk Eindhoven, which lost 260 containers overboard, is slated to berth for repairs in Japan on Thursday.
One of the largest players in public LNG shipping, GasLog Ltd., plans to give up its NYSE listing. Will more shipowners opt to go private?
A change in political direction – and ongoing concerns – greet 10 Biden picks who will deal with freight issues.
Kuehne + Nagel is the second-largest logistics services provider in the world. It just got bigger, swallowing up Hong Kong’s Apex International.
Crude and product tanker rates are bouncing along the bottom. As one analyst put it, “There’s only one way to go from here.”
More than 2,900 containers have gone overboard just since the end of November.
“We have really a perfect storm of demand that’s surging like there’s no tomorrow, everybody needing to get the boxes back, COVID-related restrictions,” says Hapag-Lloyd CEO Rolf Habben Jansen.
Star Bulk and Golden Ocean have recently acquired almost $1 billion in ships between them as they seek more exposure to the dry bulk market.
Six cases of at-sea container losses have been reported in less than three months.
“If we do nothing, we will still have vessels at anchor come midsummer,” says Port of LA Executive Director Gene Seroka.
Cargo shippers hamstrung by the global container shortage should not expect a box building spree in China to come to their rescue.
The Federal Maritime Commission is stepping up oversight of charges imposed on trucking companies and U.S. exporters by containership companies.
The U.S. has indicted a computer hacker working for Pyongyang to help North Korea evade U.S. maritime sanctions.
The United States and Canada should do more talking and less unilateral banning and canceling.
It’s not just container stocks rising. Shipping stocks are up for everything from bulkers to tankers to gas carriers.
Preeti Pande, the hydrogen solution provider’s chief marketing officer, comes with extensive fuel cell industry experience and a Ph.D.
Digital freight forwarder Flexport can now link consignee order data to shipments from suppliers.
More venture capital flowing to maritime tech startups – and more shipping companies giving those startups a trial run.
Ocean carriers as airlines? No one thought an online retailer would own a private airline until Amazon did it. The ocean carrier also owns a logistics company. You connect the dots.
Kritikos launched Ceres Terminals in 1958 and sold the company to NYK in 2002.
Lending a hand includes everything from improving the environment to funding community initiatives to rescuing a skier mauled by a bear.
On Wednesday, the U.S. International Trade Commission ruled against SK Innovation Co. Ltd. for stealing battery trade secrets from LG Chem. What implications does this have for OEMs that rely on SK?
S.F. Express is growing its domestic Chinese parcel business at a dizzying rate. The acquisition of a large Hong Kong logistics company helps it expand overseas.
Leaf Logistics CEO Anshu Prasad believes manufacturers of food and consumer packaged goods could be in jeopardy of missing earnings expectations as transportation rates remained elevated throughout the quarter.
Here’s a helicopter view courtesy of U.S. Coast Guard of container-ship armada off Los Angeles and Long Beach (WITH VIDEO).
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
JAXPORT says strong demand for vehicles and consumer goods contributed to a solid first fiscal quarter.
Thanks to COVID, there are no seasonal highs and lows for international shipping. There is so much demand for goods that the peak season never seems to end — and ports, railroads, truckers and warehouses are reaching the breaking point.
Due to shipping snarl and container congestions, delays in retail inventories will be felt from Christmas through Easter.
Maersk, the world’s largest container carrier, just reported record quarterly results. And its next quarter looks even better.
The embezzler will serve concurrent prison terms as well as pay restitution for unpaid taxes.
Inland Port Greer records its best January and ocean-carried container moves increase year-over-year.
Maritime operators make the case for being included in the next COVID-19 relief bill.
Third-party logistics provider Radiant Logistics beat expectations for its second fiscal quarter. The company’s improved results and low-debt profile are allowing it to pursue acquisitions.
Korean container carrier HMM expects equipment and capacity shortages to continue at least through the end of the first quarter.
Day Two of FreightWaves’ Global Supply Chain Week virtual conference includes experts from DHL, SVT Robotics, Geodis and JLL Inc.
Thanks to the congestion in Los Angeles, container rates and volumes in Savannah are both hitting highs. When will volumes stabilize?
The Port of Long Beach may need to start filling out its record book in pencil as new numbers keep replacing those on top.
“ZEBOX will assist innovative startups in developing new technologies in transportation, logistics, mobilities and industry 4.0,” says CMA CGM CEO Rodolphe Saadé.
Long grind ahead for crude tankers: Executives and analysts don’t see recovery until second half — if not later.
The discharging of damaged containers continues nearly two months after the storm-battered ONE Apus arrived in Japan.
Port of Long Beach Executive Director Mario Cordero delivers a melodious annual report.
California calls on feds to protect exporters. Shipping groups claim California export cure will worsen congestion — including for importers.
“It’s been really easy to get the band back together,” says CEO Jason Provonsha.
A maritime coalition wants Congress to fund a new maritime relief program as part of the next COVID-19 relief bill.
Ocean Network Express takes giant profitability leap — from $5 million to $944 million year-over-year.
Call Cainiao the Amazon Logistics of China. When most of China normally takes a break for the Lunar New Year, Cainiao will still be delivering packages to Hong Kong this year.
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
“Demand in the intermodal and trucking sectors is at an all-time high, which makes this an ideal time to optimize FYX’s many assets and take it to the next level,” says new CEO Kenneth Forster.
Less well known is that the federal face masks rule for traveling on a commercial conveyance within or in and out of the U.S. also applies to anyone doing work on airport or seaport property.
1999: To avoid the costs and delays of processing stowaways at destination ports, some ships’ crews have been known to shove stowaways overboard and set them adrift at sea.
Though maritime shipments of LNG are routine today, it was only 62 years ago that the first shipment of LNG occurred.
