Americans for Free Trade, which represents more than 100 trade organizations, said eliminating existing U.S. tariffs on Chinese goods would boost the American economy by $75 billion during the COVID-19 crisis.
Halt of cruise voyages will slash HFO demand, a positive for cargo ships with scrubbers.
Executive Director Gene Seroka said the coronavirus has not impacted landside operations.
SeaIntelligence Consulting CEO says impact from pandemic could total about 10% of global volumes.
USNS Comfort will be dispatched to New York Harbor; USNS Mercy will be sent to West Coast site.
The Trump administration notified Congress that it will begin bilateral trade agreement talks with the East African country.
CEO Jim Newsome says the SCPA is “working full steam” to meet its obligation to keep the supply chain fluid during the coronavirus crisis.
Lois Zabrocky explains how two black swans — the outbreak and oil price war — reshaped the market.
Crude-tanker rates are skyrocketing, but leading analyst Michael Webber urges caution.
Office operations that remain open implement CDC guidance to protect employees from spreading or contracting COVID-19.
The COVID-19 outbreak is jeopardizing half of all American jobs, Moody’s reports. Plus, United’s CEO says the outbreak is worse than 9/11; U.S. factories face closures; and Seattle cargo terminals shut down.
Alameda County officials say the Oakland port and airport are too critical to close as part of quarantine.
Why are share prices and tanker freight rates going in opposite directions?
“With ongoing challenges posed by the coronavirus, there is real concern about these fees being assessed when there are equipment issues beyond the control of the shipper or motor carrier,” 67 trade associations told the Federal Maritime Commission.
While operations across the country have not been interrupted, visitors should stay away.
Some port terminals will be closed Tuesday in honor of Teddy Gleason even though the former ILA president wasn’t born on St. Patrick’s Day.
Investors appear increasingly worried that the coronavirus will spark a global recession with no quick bounceback.
ILA leader says presidential candidate has been a longtime friend and supporter of the union.
Canceled vessel sailings are resulting in too many intermodal containers at the ports and limited container availability inland.
Coronavirus has strained supply chains and had a huge impact on the movement of freight.
The Office of Foreign Assets Control added Russian oil company overseas affiliate TNK Trading International in Switzerland to the Specially Designated Nationals and Blocked Persons List.
Ports on East and West coasts do expect cargo surge as manufacturing ramps up in China following coronavirus-caused shutdowns.
American Association of Port Authorities and Women’s International Shipping & Trading Association among organizations canceling meetings.
As the world reels from coronavirus, crude-tanker owners are raking in massive returns.
“Right now, I believe most ocean carriers and marine terminal operators are acting responsibly and fairly in these challenging conditions,” FMC Commissioner Daniel Maffei said.
European travel ban won’t affect trade, agency confirms.
Coronavirus is having an impact on many industries. One of those impacted is the global seafood industry.
Coronavirus left containers scattered in the wrong ports. Liner companies are trying to get them back into position.
Levy is kept modest as report warns high rate would lead to diversions.
Ports authority braces for expected hit from coronavirus but still expects to finish the fiscal year above plan.
Lingering effects from tariff battles with China also contributed to decline in February.
Tanker rates are back in the stratosphere as the Saudis move ahead with production push.
DCSA publishes recommendations ahead of International Maritime Organization compliance deadline.
The companies that control the bulk of ocean cargo opearte under different rules than most companies. Read Darren Prokop’s explanation of why that is…
Congress urged to double Coast Guard budget over next decade.
Ship scrubbers no longer equate to big savings on fuel costs. Is this only temporary?
Global law firm HFW and Southeastern Freight Lines announce promotions.
Like Port Authority of New York and New Jersey Executive Director Rick Cotton, Evangelos Marinakis may have come into contact with scores of people.
Although the number of new coronavirus cases in China is dropping, shipping lines are still canceling sailings in response to expected low demand.
Gov. Andrew Cuomo announces Rick Cotton is under quarantine and some port authority staffers will be tested.
CNBC’s Lori Ann LaRocco writes about the ramping up of manufacturing in China, and the subsequent ramping up of cargo headed to the U.S. via ships.
Here’s why tanker stocks are rising as the rest of the U.S. stock market is crashing.
Unprecedented uncertainty will likely delay annual contracts between shippers and ocean carriers.
JAXPORT hosts seminar on the often misunderstood and misused International Commercial Terms.
An exclusive interview with SIA Flexitanks CEO Damien McClean on what’s happening right now with Chinese manufacturing, trucking and ports.
Slashed oil production is bad for tankers, but fallout for container ships hinges on price action.
As fewer ships arrive from China, there’s less capacity and equipment for U.S. and European container exports.
The 2019 Protecting America’s Food and Agriculture Act provides funding to help Customs and Border Protection close a shortfall among its agriculture specialist ranks over the next three years.
Baltimore terminal reduces working hours; Georgia ports brace for volume dive
CargoMetrics data reveals that Chinese port activity has recovered much faster than some had feared.
Ships found carrying noncompliant fuel risk detention, monetary penalties.
American Association of Port Authorities says year-over-year cargo volumes in the first quarter could be down by at least 20%.
Misdeclared cargo blamed for container ship fires, including last year’s blaze on the Yantian Express.
“This exception ensures that the declaration requirement fulfills the intent of the Lacey Act while reducing the regulatory burden on importers,” the U.S. Department of Agriculture said.
A proposed $1.8 billion sale of U.S.-origin air defense systems is expected to open a pathway to increased exports to the South Asian economy.
The National Treasury Employees Union tells House appropriators that Customs and Border Protection requires an additional 1,100 officers and staff to carry out its mission at the nation’s ports of entry.
The chance to connect LA-area drayage drivers and containers energizes Sammi Liu, who just helped the startup raise $10.2 million in Series A funding.
Global market uncertainty weighed down Canada’s largest container port in second half of 2019.
It has been a particularly rough start of the year for tanker stocks despite exceptionally strong results.
Harbor commissions sign agreement to collaborate on common issues.
Unix Line admitted that its tanker, Zao Galaxy, illegally discharged oily bilge at sea while on route from the Philippines to California’s Port of Richmond in late January 2019.
No evidence yet of coronavirus-induced drop in dry bulk rates. Is it coming?
Purchase of Canadian port operations part of global strategy “to connect directly with customers to offer logistics solutions and remove inefficiencies in the supply chain to accelerate trade.”
U.S. Agriculture Secretary Sonny Perdue said most benefits of “Phase One” trade deal with China should be realized in 2020, despite commercial disruption from coronavirus.
The trade war between the U.S. and China caused companies to adapt supply chains and the transportation of their products. Darren Prokop writes about those changes and their impacts.
An exclusive interview with Jefferies analyst Randy Giveans on the coronavirus-induced shipping-stock collapse.
Authorities have cleared a key route between Toronto and Montreal after protesters blocked the rail route for over two weeks.
As risks surge and stocks plunge, a look at the key coronavirus issues and a rundown of FreightWaves’ coverage to date.
Patrick Schafer promoted to chief executive officer; Ron Richards hired as chief technology officer; Jamil Young tapped as division president; and Jim Bertuola named vice president.
A handful of iconic American merchant ships have cloudy futures.
Head of academic center sees spike in rates, or continued pain through the sector.
The magnitude of declines over the next few months from the virus as well as lingering tariffs will have broad flow-through effects on the U.S. economy.
Big data confirms China trade volumes fell off a cliff in the wake of the coronavirus.
The 2018 Frank LoBiondo Coast Guard Authorization Act clarified and enhanced the U.S. Federal Maritime Commission’s authority over licensed ocean transportation intermediaries.
Private equity firm Stonepeak hopes the acquisition of TRAC Intermodal, a marine chassis pool manager and equipment provider, will beef up Stonepeak’s infrastructure and transportation market portfolio.
Outlook of world’s largest container line hinges on timing of coronavirus containment.
The study hopes to produce data that will persuade shippers and cargo owners to move freight using a “marine highway.”
U.S. Customs and Border Protection officers at International Falls, Minnesota, discovered the illegal product in two 40-foot containers from China.
The German container shipping line credited improved freight rates as well as rigorous cost and revenue management for the huge gains.
Acquisition of California-headquartered Performance Team designed to strengthen the shipping giant’s ability to meet customers’ end-to-end supply chain needs.
Asian refineries suddenly have too much gasoline, diesel and jet fuel. Buyers in the West are taking the overflow, a plus for product tankers.
Canadian National lays off employees, industry groups warn of significant supply chain disruptions and government and First Nations leaders continue to discuss the multi-day protests that have blocked portions of Canada’s rail network.
The Florida port set records in 2019 and scored a harbor deepening funding win early in 2020.
Cost to ship containers from China is down 6-8% but dearth of cargo may limit discounts.
The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to transport sanctioned Venezuelan oil.
The second half of 2020 is shaping up to be either very good or very bad for dry bulk shipping.
The Artic Ocean may be the next area that sees the superpower nations “rubbing up” on each other in search of faster ocean passage and a new source of natural resources.
Fifteen projects net funding from the U.S. Department of Transportation’s Maritime Administration.
Series of book reviews makes clear there is much to learn from successes of the past.
Inland trucking slowdown in China leaves port reefer plugs full, blocking refrigerated food imports.
Rail disruptions cause operational issues at the ports of Vancouver and Halifax.
Patrick Jany, Michael Mitchell and Giovanni Ravano are appointed to C-suite roles.
Trade risks will intensify if the virus spreads from China to the global pool of seafarers.
“We will continue to work with the FMC to make sure that outdated regulations do not prevent the marketplace from working at maximum efficiency,” said World Shipping Council President and CEO John Butler.
Shipping bosses warn of huge economic knock-on effects from the coronavirus outbreak.
Cars and containers also reach new benchmarks in 2019.
No evidence yet of a rush to expedite exports ahead of feared price increase.
$360 million allotted to deepen the Port of Mobile and the Lower Mississippi River.
Guest columnist Sri Laxmana writes about the impacts of IMO 2020.
Coronavirus is not yet affecting rates, but it is influencing where U.S. importers look to source cargo.
