Maritime

Asia-U.S. ocean freight rates are hitting record highs as import demand outpaces vessel supply.

The railway hopes to build its intermodal presence in the East and bolster the network serving Toronto, Montreal and the U.S. Midwest.

Operating profit “turnaround” of more than $300 million reported.

Some volumes have been diverted to the Port of Halifax and other East Coast ports.

State-of-the-art rubber-tired gantry cranes will have 169 feet of lift height.

When times get tough, crude-tanker owner DHT starts buying. Times are getting tough.

Longshore workers walk for the fourth time since the beginning of July.

Commercial fishing is big business in Alaska. And like all industries, it depends on supply chains to work properly…

Human error-related insurance claims represented over $1.6 billion in losses, according to insurance report.

Ongoing labor dispute has “paralyzed” port operations.

PayCargo has become a force in the online payment of freight transportation bills and now offers coronavirus-impacted shippers and forwarders credit lines to smooth their cash flow.

Brannon Kuykendall and Mike Ellis are taking on new roles.

Longshore workers at the Port of Montreal say they will go on strike Monday if they don’t reach an agreement with employers. An intermodal executive is hopeful it will happen.

Victoria and the city of Melbourne, Australia, are tightening health measures to stop an outbreak of the coronavirus. Imports and exports could get stuck at terminals and warehouses.

M&A is being blocked by weak share pricing among buyers and lack of desperation among sellers.

California’s Department of Toxic Substances Control is accused of failing to enforce environmental law.

Multiple Lebanese government agencies may have known dangerous ammonium nitrate was stored in a warehouse.

Euronav and Scorpio Tankers highlight attractive fundamentals after floating storage wraps up.

Timothy M. Murray had guided vessels in and out of the Port of New York and New Jersey for more than eight years.

Containers are used to carry imports to the U.S., but they also carry exports from the U.S. The agriculture industry depends on them, but COVID-19 has caused the system to fray…

Container carriers are rerouting goods and assessing damage following Tuesday’s blast.

Multipurpose marine terminal operator Enstructure says the purchase of Ambassador Services in Port Canaveral establishes its presence in U.S. Southeast.

Federal government asked to contribute $3 billion to cover projected losses.

Ports on the Atlantic are losing imports from Europe as well as Asia.

Container lines, some with damaged or destroyed buildings, are scrambling to reroute cargo bound for Lebanon.

Logistics providers are worried that new emergency measures to combat a COVID resurgence in Victoria, Australia, will hamstring deliveries of imports and exports.

Deutsche Post DHL saw a significant rise in e-commerce activity during the second quarter due to continued COVID-19 travel restrictions and retail store closures.

Lebanese officials blame confiscated highly explosive material for the blast, according to reports.

The U.S. Federal Maritime Commission found during its Fact Finding 29 investigation that the Port of New York and New Jersey showed supply chain resolve during the coronavirus pandemic.

Trade has been destabilized by the pandemic. Can trade credit insurance help de-risk trade to a degree and help solidify supply chains?

Two logistics parks are in operation nearby and more are to come in Alabama.

With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.

Project will increase available ship capacity within two years.

LaQuenta Jacobs promoted to provide cultural leadership and strategic direction.

Isaias weakened from hurricane to tropical storm over the weekend.

DCLI chief commercial officer warns shippers and truckers who seek a national chassis pool: Be careful what you wish for.

Jacksonville, Florida, port this week also welcomed the largest LNG-powered ro-ro vessel on its maiden voyage to the United States.

New data reveals just how far ship orders have sunk. The fewer ships ordered, the higher future rates could climb.

“It is paramount that we see progress with crew changeovers,” says The Mission to Seafarers.

Digital platform is designed to provide shippers end-to-end transparency.

Supply chain strategy set “to seamlessly and efficiently import materials and export tires to global markets.”

Canadian Union of Public Employees says port labor toils for 19 days before receiving a two-day break.

Darren Prokop’s commentary concerns whether price gouging is taking place on container shipping between Asian ports and the U.S.

“Cargo volume reductions related to COVID-19 were offset by the strength of our export markets and record volumes earlier in the year,” says GPA Executive Director Griff Lynch.

Robintrack.net data reveals what retail traders are buying and when. The question is: Why?

Orient Overseas Container Line briefly outlines performance for the second quarter and first six months of 2020.

“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.

Raja Narayanan joins industry disrupter “at this pivotal time where the world is adapting to the new normal.”

First Atlantic hurricane of the 2020 season could cause substantial flooding to south Texas and northeastern Mexico this weekend, delaying freight traffic at ports and land border crossings.

While the storm is expected to weaken as it passes over the islands, Young Brothers pulls its interisland barges into calmer waters for the weekend.

Wrecked car carrier, with some 4,200 vehicles on board, has been on its side in St. Simons Sound since September.

Dry bulk was riding high just a few weeks ago. Now it’s taking a tumble.

Chairman Michael Khouri explains how the U.S. Federal Maritime Commission keeps track of COVID-19-induced ocean container carrier sailing schedule changes for anticompetitive behavior.

Delivering on promise will mean fewer headaches and delays, container shipping line says.

Thousands of crew members are stuck on board their ships due to COVID-19 restrictions. Learn more in Darren Prokop’s commentary.

Developed by A.P. Møller – Maersk and IBM two years ago, the neutral platform was publishing 2 million events per day within a year and a half.

An analysis of daily traded values and volumes of tanker and dry bulk stocks.

World’s largest container shipping line is “committed to a carbon-neutral future of transport and logistics.”

The expectation that North American consumers will help drive intermodal traffic comes as the railway’s second-quarter volumes were hit by the coronavirus pandemic.

OffPeak praised for enabling Southern California distribution centers to operate second shifts.

The coronavirus’ whipsaw effect on the global supply chain took a toll on Kuehne + Nagel during the first half of 2020, but without a rapid internal response the hit would have been far worse, CEO Detlef Trefzger says.

Ridgeville, South Carolina, facility will create more than 1,000 jobs.

Will tanker sector see summer lull or more action ahead?

Transship partners with Loadsure to deliver pay-as-you-go, wraparound insurance coverage for all perishable goods.

“Tom Hanks’ work throughout his career reflects a deep respect for those who serve.”

A new interview with AgTC’s Peter Friedmann on how China COVID fears affect U.S. food exports.

vailable cargo space on outbound aircraft from China is starting to become scarce again. Shippers better hurry to lock up reservations for the late summer and peak season.

Operational lower level essential to movement of goods and economic recovery.

“Employer groups should not play American ports against one another,” says longshore union leader.

Total number of TEUs moved in June down 17.1% year-over-year.

U.S. shippers importing cargo from Asia are getting some price relief.

The U.S. Federal Maritime Commission enters “phase two” of its fact-finding investigation into COVID-19 impacts on container shipping in the Port of New York and New Jersey.

Top Ships, Seanergy, Castor and Globus tap equity markets to buy vessels.

CEO Jim Newsome optimistic about economic recovery in 2021.

A study commissioned by the Coalition Against Bigger Trucks suggests that modifying federal rules to allow for heavier and longer trucks could result in diverting roughly 25% of U.S. rail traffic to trucks.

Analysis concludes West Coast ports have lost 19.4% of market share since 2006.

Nordic American Tankers is the best stock performer among larger listed ship owners. Scorpio Bulkers is the worst.

‘There is an increasing risk that fatigue and mental health issues could lead to serious maritime accidents.’

Canadian Transportation Safety Board examining ‘rare occurrence’ in Welland Canal.

Even before Hawaii imposed COVID-19 travel restrictions earlier this year, Young Brothers lost money and last year sought a rate increase valued at $13 million from state regulators.

Canceled San Pedro Bay calls more than doubled in the first half of the year compared to 2019.

Most floating storage has yet to be unloaded while delays in China are mounting.

Boost attributed to retailers trying to beat capacity constraints and rate hikes.

International Maritime Organization warns crew change prohibitions during the coronavirus pandemic have led to a growing humanitarian crisis.

Tanker rates haven’t been this strong at this time of year for a half-decade.

Deutsche Post DHL said preliminary second-quarter profits, despite the ongoing COVID-19 pandemic, have it less worried about the rest of the year.

WSC says one-1,000th of 226 million containers shipped each year are lost.

Cause of blaze at the Blount Island Marine Terminal remains under investigation.

Lori Ann LaRocco illustrates the disruption to global trade by profiling what has happened at the Port of Miami since the coronavirus pandemic began.

ITG offers Catapult an extensive database of nationwide drayage rates to complement ocean pricing.

“Optics” are bad but freight pricing doesn’t appear to meet regulatory bar for intervention.

Group of nine container carriers has banded together for digital standardization.

Neptune Orient Lines will be renamed CMA CGM Asia Pacific Ltd.

Challenge to shipping M&A: No one wants to sell in a downturn.

A tip led investigators to the 90 bricks of cocaine weighing nearly 226 pounds.

Danish shipping giant A.P. Moller -Maersk has reached an agreement to acquire Sweden-based customs brokerage to offer increased import clearance services to European shippers.

MARAD Administrator Mark Buzby and Alaska Sen. Dan Sullivan receive Maritime Leadership Award.

Consolidated Chassis Management chief executive foresees an increased requirement for chassis to accommodate rising tide of intermodal container moves as the North American economy shakes off COVID-19.

Total cargo volume is down 7.8% this year because of reduced import demand.

AAL Shipping, an operator of “mega-size” project cargo ships, expects rebound for smaller U.S. import and export project cargoes in 2021, if COVID-19 pandemic subsides later this year.