Maritime

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.

Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.

Florida port CEO says inclusion in Trump’s budget “speaks volumes about the significance of this project.”

An exclusive interview with Matt Heider, CEO of voyage-optimization platform Nautilus Labs.

The District Court of Hawaii said Bernhard Schulte Shipmanagement (Singapore) PTE Ltd. will implement an environmental compliance plan for all of its 38 vessels calling U.S. ports.

Terms of the court-protected restructuring of American Commercial Lines have already been agreed to and no disruptions are expected.

The Maritime Association of the Port of New York and New Jersey also announces hall of fame inductees.

From container shipping to tanker transport, markets are awash in coronavirus fallout.

When responding to requests for proposals in the contract bidding process, rail and intermodal service providers should tout not only their competitive pricing but why shippers should diversify their modal options.

Momentum builds for decarbonization of ocean shipping but it’s far from a done deal.

Darren Prokop writes about the future of data in for-hire transportation. Data is information and can become knowledge.

It has become even harder to determine what the prevailing bulk ocean freight rate really is.

Lori Ann LaRocco writes about the impact of coronavirus on maritime trade between China and the U.S.

More tariff and sanction risks lie ahead for ocean shipping.

GPA ups 2030 target as it plans to convert part of existing terminal to containers along with all new site.

Big one-day drop comes on heels of more restrictions for vessel calls, and concerns about slower demand.

What ‘The Path Between the Seas’ teaches us about leadership and the need for a backup plan

Eight-year-old company working with storied shipping group to make indices available for financial products

Nippon Cargo Airlines’ parent company is taking a $144 million charge against earnings.

“As long as there continues to be a lack of cargo and documentation handling in the ports due to the virus, our exporters and importers shouldn’t be on the hook for per diem or demurrage charges,” AgTC Executive Director Peter Friedmann said.

Dry bulk rates were already terrible — then came the coronavirus, and they’re getting even worse.

Ships recently in China considered a “hazardous condition”

The U.S. International Trade Commission, in response to a recent request from the House Ways and Means Committee, will investigate the integrity of the country’s seafood import supply chain.

Asia-Europe trade sees five sailings cancelled due to coronavirus as global shipping companies remain on lockdown for another week.

Pricing data implies pendulum is swinging even more toward East Coast ports at expense of West Coast.

Still too early to confirm coronavirus fallout in trans-Pacific freight pricing data.

Chinese carrier’s formerly idled VLCCs return to a transport market already suffering from falling rates, Stifel Maritime analyst said.

Blasting out underwater “speedbumps” last hurdle for $485 million project.

Kirby, already America’s largest river-barge transporter of petroleum, gets bigger still.

Tanker giant Euronav warns of fallout from coronavirus crisis.

Ben Thrower writes about the increased use of cargo ships to smuggle drugs.

Darren Prokop writes about the implementation of IMO 2020 and how its costs will be absorbed and/or passed along…

Union Pacific opens lanes, while Norfolk Southern talks lane opportunities to take market share from trucks.

Over the years, hundreds of tankers were employed in the grain trades.

Liners confront higher ship-lease rates at the very time fuel prices are spiking.

Liner delays put billions in inventory and assets on hold, leading to more efforts to quantify impact.

Trans-Pacific container volumes face escalating coronavirus risk.

Group aims to establish common vocabulary to make digital communications easier in ocean freight.

When the clock is ticking on a seemingly impossible assignment, take a page from the story of John Harrison’s determined quest to solve a maritime problem.

The Stamford, Connecticut-based shipowner agreed to pay a $1,125,000 civil penalty to the U.S. Treasury Department’s Office of Foreign Assets Control for Burma sanctions violations.

One of the first names in chassis provisioning continues to evolve as it gets folded into new industry entrant.

Scorpio Bulkers on virus threat: Prepare for the worst and hope for the best

Singapore surge is “trigger” for Maersk to add fuel new surcharge.

Chinese epidemic could curb ocean shipping demand.

Crowley Maritime Corp., part of Jacksonville, Florida-based Crowley Holdings Inc,. has realigned its marine services organization and introduced new leadership. Crowley Marine Services, part of the company’s shipping group, will […]

FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.

Ocean carriers not looking at additional trans-Pacific services as Phase One deal unlikely to stem trade slowdown.

The Agriculture Transportation Coalition has developed service contract guidance its members can use to set parameters for when ocean carriers should issue or withhold detention and demurrage charges.

Commissioner Carl Bentzel said the U.S. Federal Maritime Commission will have an increasing role in the development of shoreside activities that impact international container shipping.

Geopolitical tides, e-commerce and technology are today’s “disruptors” in freight transportation, say panelists at Transportation Research Board convention.

High number of canceled sailings butts up against post-holiday restocking demand in the U.S.

Everything from driverless trucks, the U.S. tariff war with China and the growth of ocean ports was discussed during the opening day of the National Industrial Transportation League (NITL) Transportation […]

The story of two bicycle mechanics from Ohio can provide inspiration for an industry facing a multitude of challenges.

BIMCO, BOLT, Commercial Jet and Kane Is Able also announce executive appointments.

Ship owners failing to prove compliance face criminal fines and penalties.

A new book places IMO 2020 in the context of a potential “third revolution” for shipping.

Los Angeles port signals efficiency gains as the third-largest container alliance plans additional SE Asia stops.

The rules will clarify licensing and financial responsibilities of ocean transportation intermediaries and streamline the hearing procedures related to denial, suspension and revocations of licenses.

New pact is a plus for tankers, bulkers and box ships, but less so for equities.