Asia-U.S. container rates had held firm at a record high since September. Now they’re on the move again — and headed even higher.
The World Shipping Council responds to assertions from FMC commissioners of potential Shipping Act violations.
A look back at 2020’s shipping roller coaster: how container sector emerged as ‘surprise rock star’ and tankers peaked early, then plunged.
Ocean carrier Maersk says it is “working closely with the Agriculture Transportation Coalition and local trucking associations to address their concerns of equipment availability and detention and demurrage issues.”
Hapag-Lloyd and ONE have ordered 12 ultra large container ships, all of which will be able to carry more than 23,500 TEUs.
Plenty of distillate molecules to go around plus no collapse in high sulfur reversed all conventional wisdom, Morningstar says
Top 10 lists dominate the end of any year. American Shipper’s Top 10 stories list is voted on throughout the year by readers simply by reading our stories on americanshipper.com. Here are the stories you read the most in 2020.
Drugs valued at more than $411 million are offloaded at Port Everglades, and the new Long Beach bridge shines bright.
Now-pardoned California Republican Duncan Hunter pleaded guilty to misusing campaign funds.
Disruptions in one corner of the world can impact operations at home. With the turbulence of 2020 hopefully behind us, Global Supply Chain Week will examine where the dust has settled and share lessons on reacting to the enormous disruptions of the previous year.
Chances slim for 2021 shipping equity offerings, but a container-liner IPO prospect remains on the table.
A Water Resources Development Act bill passed by Congress allows millions to be spent on harbor maintenance.
Drayage provider ContainerPort Group announces intermodal terminal operator FSI Inc. will start operating under the CPG banner at the beginning of the year.
Container imports far exceed sales, raising concerns that 2020’s transport binge could lead to a big headache in 2021.
“Sharing this information is highly beneficial for the supply chain, especially as we cope with both seasonal and unanticipated peaks and valleys in cargo volume,” says Executive Director Mario Cordero.
The Agriculture Transportation Coalition is grateful to the Federal Maritime Commission for its support of American shippers.
AIT Worldwide Logistics is expanding its international footprint with the purchase of a German freight forwarder.
B2B orders can be fulfilled on one site rather than switching to a logistics provider’s platform, Freightos says.
Using artificial intelligence to cull insights from freight transportation’s massive amounts of data can not only encourage safe environments, It also has the potential to improve productivity and efficiency, as well as provide supply chain visibility that benefits all stakeholders, says a tech executive.
Shippers are looking to speed up delivery and avoid long wait times by utilizing space on the East Coast. As a result, import volumes at eastern ports are on the rise.
Will your cargo ship arrive on time? Globally, the chances are now 50-50. In the Asia-U.S. container trade, it’s less than one in three.
CN has partnered with other organizations to develop a plastics resins export facility in Alabama near the Port of Mobile. The facility will open in late 2021.
Allegations of service and rate violations ocean carriers against U.S. exporters are increasing, according to FMC commissioners.
Container flows into U.S. ports have grown faster over the past three months than they have at any other time in the past decade.
Removal of dislodged containers is expected to take more than a month, and none of the 1,816 units that fell into the Pacific have been recovered.
“In November, 50 of the 88 vessels coming to Los Angeles first went to anchor and averaged two and a half days there.”
FreightWaves chats with CEVA Logistics on what it takes for retail customers to transition successfully to e-commerce. What’s the answer? Flexibility.
Vaccine distribution won’t delay deliveries of your Honey Baked Ham and toilet paper, says CNBC’s Lori Ann LaRocco.
The Port of Los Angeles is still working to get toys to retailers’ shelves in time for Christmas.
Ocean carriers toed the line on capacity control in 2020. What does this new normal mean to shippers, yards and leasing companies?
The European Commission has released its Sustainable and Smart Mobility Strategy. Massive investments and infrastructure are needed to meet the EU Commission’s sustainability milestones.
In an interview with FreightWaves, SSI Executive Director Andrew Stephens talks about zero-emission shipping fuel and sustainability challenges.
It’s not just container shipping that’s rolling in profits. LPG tanker rates are hitting new highs on Asian demand for U.S. propane.
Bob McGhee of AIT Worldwide Logistics detailed the meticulous process behind military shipping. He also expects tight air and ocean capacity will continue well into next year.
Who will get to the front of the COVID vaccination line? Virtually everyone agrees front-line doctors and nurses, and people in nursing homes, should be first, but after that industry sectors are fighting over who is more important. Freight transportation groups say they should be in the top tier.
Empty containers returning to Asia jumped 55% to 283,563 units.
CN joins other Class I railroads in courting automotive and container shippers in the Upper Midwest through this latest offering.
Leading supply chain experts will share their insights on what happened to the supply chain in 2020 and look ahead to 2021 as part of FreightWaves’ North American Supply Chain Summit on Tuesday.
“Additional stress on an already-overloaded system tends to further destabilize the system.”
The all-time best month tops the mark set in just October.
The trans-Pacific surge will persist through Q1 and January could see all-time-high container volumes, predicts Flexport’s Nerijus Poskus.
“This is one of the most difficult seasons we’ve been facing trying to move our cargo out of the United States,” says a California almond producer.
“We’ve had to add on logistics support staff for appointments, to take pictures of the long lines.”
“We’re able to reach virtually 100% of our customers in Florida overnight from Jacksonville, which was a real selling point for us,” says aftermarket auto parts retailer.
Trans-Pacific spot index rates haven’t budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?
Trade group representing drayage drivers calls the move “huge”
The state of customers’ freight remains unknown as inspection of the 14,052-TEU vessel begins.
CEO Jim Newsome calls Walmart’s $220 million investment a signal that SCPA is “prepared to be a force in retail distribution.”
E-documentation initiative establishes data and process standards for bill of lading preparation and issuance.
Sixty-four missing containers carried liquid ethanol, batteries and fireworks.
The GEODIS Women’s Network “is also intended to improve the reputation of the logistics and transport industry, a field traditionally dominated by men.”
Container shipping stocks are back to pre-COVID levels whereas many tanker and bulker stocks are down by double-digits year-to-date.
There will be no letup in booming container imports in 2020. The only question now is how long it lasts into 2021.
Port communities in LA, Charleston and Philadelphia already at risk, officials assert.
Bill Freidel of AIT Worldwide Logistics expects 2021 to be another challenging year for freight as the COVID-19 vaccine is prepped for release. He encourages logistics companies to invest in cold-chain technologies and continue to meet customer expectations.
The pandemic is driving people to drink more. Bulk ocean shipments of wine in flexitanks are up 30% this year.
First, Spire collects the ship-movement data from orbit. Then algorithms use that data to reveal the patterns of global shipping.
Surviving cargo that was bound for the U.S. now is headed back to Asia.
CP will serve Hapag-Lloyd at the New Brunswick port through 2025.
Regardless of a transport or logistics manager’s objectives, the digital age name of the game is to estimate the dollar savings provided by an application like this.
Panama Canal congestion is not impeding transits of container ships but it is pumping up spot rates for LNG and LPG carriers.
Italian firm Fincantieri is building a $150M shipyard in Mexico’s Yucatán state to take advantage of cruise line operations and oil & gas exploration.
The total market capitalization of U.S.-listed ocean shipping stocks has plunged 34% in 2020, but there are reasons for hope in 2021.
The feel-good story appears above Cardi B’s party apology.
The $229 million deal comes as CAI International seeks to focus on its containing leasing business.
Transportation PACs offer a way for trade associations — and the smaller companies they represent — to have a political voice, proponents say.
Hapag-Lloyd and ONE chief executives will lead the “unified voice of liner shipping.”
Worries mount for crude tankers: dividend cuts, the pandemic, a stubborn floating-storage hangover … and now newbuild chatter.
Canada-based maritime terminal operator QSL becomes full owner of Transport Watson & Sycamore, a heavy-haul trucking company based in Quebec.
Bulk soybean and corn exports are way up, but containerized ag exports are waylaid by equipment shortfalls and Chinese inspections.
“While COVID-19 has fundamentally shifted how many American families will celebrate Thanksgiving this year, we are very proud to be providing a bit of home.”
Ozzy Martinez had been transferring to a dredging vessel when he fell overboard near Blount Island in Jacksonville.
IMO 2020 and new amendments have the potential to further lower emissions for maritime freight. Carriers are using low-emission fuels, scrubbers and shore-to-ship power.
Mirroring bullish comments by Maersk and Hapag-Lloyd, container line CMA CGM reports a strengthening market in the fourth quarter.
CP’s partnership with Maersk is starting early, with the first vessel coming into Vancouver in December versus March 2021.
The railroad has opened a new intermodal terminal in Minneapolis, and service to and from Los Angeles will begin in January.
U.S. shipbuilding also hit as demand dropped amid excess vessel capacity.
Weston LaBar is the CEO of the Harbor Trucking Association. That’s the trade group that represents the drayage community in the ports of Long Beach and Los Angeles. On this […]
The facility aims to provide plastics producers with an alternative to the Gulf Coast.
Quick action comes on heels of a call for action by key trade group; Commissioner Maffei says it may not be enough
“Obviously everything with COVID is a learning curve,” says Tom Hughes.
As COVID hospitalizations surge and business restrictions mount, could U.S. importers be overshooting the mark?
Platform is designed to improve efficiency of returning empty containers.
Tight container market, COVID-19 pandemic concerns and sufficient network capacity are among top concerns of some grain shippers.
Net profit skyrockets by more than 2,800% to $144.4 million.
Where we’re seeing the need for ocean freight-related ingenuity, logistics tech companies are beginning to fill the space, but we are far from seeing the full potential realized.
Maersk confirms that cargo demand looks strong through year-end, bucking the usual seasonal trend.
Former Bethlehem Steel plant site at Sparrows Point, Maryland, attracts shippers and 3PLs to build Northeast distribution centers.
There will be more than 2,400 extra all-cargo aircraft in circulation by 2040 to support growth in global trade and e-commerce, Boeing says.
Earlier Harbor Trucking Association complaints about fees in Los Angeles/Long Beach now extended to New York/New Jersey; FMC commissioner says some action likely
“Winter is Coming” is a warning in House Stark and usually a blessing for tankers. But there’s nothing usual about 2020.
The London-based maritime market data provider will offer subscribers airfreight indices via partnership with TAC.
Air cargo carrier names Yulia Celetaria health care director and forms vaccine task force.
South Korean carrier turns quarterly $103 million loss last year into $20 million profit this year.
Hapag-Lloyd sees strength until “at least Chinese New Year” and a challenge to “get containers where they need to be.”
An increase in consumer demand is causing a container clog, with many ports and carriers running out of space. This surge has caused container prices to sharply increase, forcing automotive suppliers to pay a pretty penny for real estate on these large container ships.
No specifics in shipping company’s statement on request for relief from demurrage and detention charges
Gateway remains cautious and braced “for any shocks still to come.”
“The outlook of container shipping still remains clouded in uncertainties over the possible comeback of the COVID-19 pandemic and U.S.-China trade conflicts.”
There are not enough containers in China to handle all the U.S.-bound cargo — and box factories are now sold out into Q2.
