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.
FreightWaves’ Global Supply Chain Week will feature media expert Gary Vaynerchuk, Tyson Foods’ John Tyson, and Johnson & Johnson’s Kathy Wengel among dozens of speakers scheduled to appear at the free virtual event, scheduled for Feb. 22 through March 3.
ZIM just completed the first U.S. shipping IPO in over five years. Here’s a look back at shipping’s wild multidecade ride on Wall Street.
China’s latest maritime measure to control the spread of the coronavirus will add to the clog of containers at ports.
Hapag-Lloyd credits higher freight rates and lower bunker prices as “the main drivers of these positive business developments.”
Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.
Short of a conflict in the Middle East and its adjacent shipping lanes, it is hard to see a spike in tanker spot rates in the near term.
U.S. ports have seen “month-over-month strength across multiple business segments.”
The Georgia Ports Authority is adding capacity in anticipation of another busy year.
In Africa, one seafarer is dead and 15 have been kidnapped. Worldwide, more seafarers are being barred from travel as COVID fears rise.
Joe Biden plans to sign a “Made in America” executive order that reiterates support for the Jones Act.
“Not only are we at the height of the Christmas season, but we’re at the height of the Y2K concern as well. Importers and major trading houses are trying to move their goods now to beat any chance of problems with the changeover to the new millennium.”
Phoenician Energy’s aluminum-air batteries will be developed and piloted as part of the Yara Marine X program designed to create a greener maritime industry.
Nearly 700 dockworkers in California have COVID. Hundreds more are out due to quarantines. Pleas for fast-track vaccinations intensify.
FreightWaves identifies importers who use the Asia-West Coast service.
DOT announces slate of 40 to the department’s leadership team as the Biden administration kicks into gear.
Ocean carrier ZIM has hiked its fleet capacity with new charters and is planning to price its New York IPO next week.
“These best practices are needed now more than ever to relieve pressure on the supply chain due to the ongoing surge,” Port of LA Executive Director Gene Seroka says.
This has been the best January for dry bulk shipping rates in a decade. Is this the long-awaited turning point or yet another head fake?
Cortera report shows surge in business spending as the year drew to a close.
Asia-West Coast spot rates are up 173% year on year. Rail and trucking volumes from ports are up double digits.
Higher fuel prices are bad news for box shippers. Higher fuel spreads are good news for owners with scrubber-fitted fleets.
The 8,113,315 TEUs moved in 2020 stacked up as a record year for the Port of Long Beach.
The December rates subindex jumped 13% year-over-year, setting the stage for big rate hikes in 2021, according to Cass data.
“The way we responded to the challenges, kept commerce moving and preserved jobs is a story that we will all remember for a long time to come,” says Port of Los Angeles Executive Director Gene Seroka during his State of the Port address.
MarAd Associate Administrator for Strategic Sealift Kevin Tokarski will become the acting administrator next week.
There are more container ships stuck off California than at any time since 2004. What’s behind the pileup? When can it be cleared?
Deutsche Post DHL’s Express and E-Commerce units report strong numbers.
Thanks to a resurgence of imports that began in late summer, Port Houston moved 2,989,347 TEUs in 2020.
An electronic bill of lading must be in a format that ensures interoperability across multiple user interfaces.
The opening of the Hugh K. Leatherman Terminal and deepening of Charleston Harbor are expected to make for an even brighter 2021.
An LNG ship is now earning more than any other vessel in history. Extreme weather in Asia has propelled LNG rates into the stratosphere.
Even after a wave of just-ordered container ships is delivered by yards, cargo shippers are unlikely to see lower freight rates.
Emerge founder Andrew Leto and content marketing expert and best-selling author Joe Pulizzi will keynote FreightWaves’ upcoming virtual Sales & Marketing Summit.
The division of work between state employees and union members at the new South Carolina container terminal goes to the labor board.
A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.
How surprise Saudi production cuts and escalating Mideast tensions could impact timing of crude-tanker rate recovery.
Like clockwork, liner operators sharply reduce their sailings each year during the Chinese New Year holiday. Not in 2021.
No end date is in sight as the wreckage removal proceeds nearly 16 months after the roll-on/roll-off vessel capsized off the coast of Georgia.
Successful IPO by ZIM would offer investors direct exposure to trans-Pacific freight-rate craziness, but not without risks from debt load.
Cranes arrive, environmental prizes are awarded and cruise ships are welcomed.
The Port of New York and New Jersey is committed to fluid operations during cargo surges.
Railcar lessor GATX acquires tank container lessor Trifleet in 175 million euro deal.
