Maritime

Container industry veteran John McCown argues that the shift toward East Coast ports is inexorable.

Japanese shipping giant Nippon Yusen Kaisha (JPX: 9101) has taken out a 50 billion yen ($456.7 million) loan with an adjustable interest rate based on the company’s corporate social performance.

California ports already face high energy costs, a situation that is likely to continue as the ports pursue clean air goals.

Carriers are “jacking up” spot rates to improve their negotiating hands with shippers as they agree pricing for IMO 2020 fuel bills and long-term Asia-Europe contracts.

Dry bulk ocean carrier Jinhui Shipping of Hong Kong and Oslo has drifted into the red according to its third quarter results. Its nine-month results indicate the company may generate a loss this year.

The Canada Infrastructure Bank (CIB) said it will provide up to $300 million to finance a new container terminal the Montreal Port Authority plans to open downriver in Contrecoeur.  CIB […]

Billions of dollars in fuel costs at stake for containership owners.

After all the trade turmoil, many legacy supply chains may still be in “wait-and-see” mode.

While Customs and Border Protection’s Automated Commercial Environment has automated much of the cross-border trade process, the U.S. export manifest process remains paper intensive and error prone.

HudsonAnalytix CEO recommends risk assessments and alleviation to protect ports, terminals and shipping lines from cyberattacks.

CNBC trade expert and author Lori Ann LaRocco says if trade talks were really progressing, U.S. exports to China would be ticking up, not down.

Container ship giant signs deal that will fuel LNG-powered ships on its Asia-Mediterranean service.

The EU is pushing to bring carbon pricing to shipping, but there are a lot more questions than answers.

Private equity-backed 3PL said deal comes as demand exceeds capacity in Northeast market.

Expanding truck appointment system and new lanes credited for fast moves as port readies for dredging

Port, engineering and property giant MMC shrugged off the trade war and economic headwinds to report massive increases in revenues and profits. Analysts issued a “buy” rating.

Integrated logistics provider and ocean carrier Harbour Link saw a boost in revenues but its costs grew too, causing its profits to weaken in the most recent quarter. A weak result in its ocean shipping division was a drag on profit as well.

Trade tensions look like they’ll get worse before they get better, a negative for ocean shipping demand.

Short-sea projects in Norway could lead to worldwide wave of crewless, emissions-free ships.

Brazil’s Vale has cut its iron-ore outlook for the first quarter, but revealed higher-than-expected projections for full-year 2020 and 2021.

PierPass says long late-afternoon queues at the entrance to container terminals om Los Angeles and Long Beach have been eliminated.

Expert explains why shippers based in the U.S. and beyond should prepare urgently for the worst-case scenario – a no-deal Brexit in 2020.

Darren Prokop writes about the benefits of economies of scale in maritime shipping; he also writes about the dangers of diseconomies of scale.

Maritime, air and overland trade routes into Europe are being piggybacked by criminal gangs deploying the latest digital supply chain technologies to help meet mushrooming demand for illegal drugs across […]

Integrated logistics services provider Tasco, a subsidiary of Yusen Logistics and an NYK Group company, has reported flat second quarter revenues and costs but a surge in net profit. Its six month figures don’t look so great though and equities analysts are disappointed.

The Port of Oakland is making improvements to both its roads and ship turning basins so that it can handle increased traffic.

In this week’s round-up of trucking stories from around Australia: truckers slugged by box terminal operators; truckers slugged by tax hikes; truckers slugged by safety regulators; drivers slugged by Queensland politicians; Freightliner Cascadia rolls into the Outback; Linfox buys 90-truck fleet to transport booze.

With solid financial results under its belt in its first outing as a listed company, Port of Napier has won praise from equities analysts. “A text book start as a listed company,” analysts said.

Peter Levesque is joining Ports America as president next year, after nine years at Modern Terminals in Hong Kong.

When it comes to decarbonization, maritime industry players need to work together to move the ball forward.

Dry bulk ship operator Malaysian Bulk Carriers has reported another set of losses. Barring unexpected positive developments, it may make a yearly loss. It is also reducing both long-term and current assets. The company has entered into working capital deficiency.

Courier, domestic and international logistics company GD Express reported a slowdown in total comprehensive income in its latest quarterly results. The company generated increased revenues but increased costs too. Profits shrank.

The Global Shippers Forum says the views of exporters and importers have been ignored by European regulators extending antitrust protection to liner carriers.

Crude-tanker rates are staying lofty for a prolonged period, proving that the October spike was no “one off.”

Investors and commodity shippers favor spot contracts, but GHG cuts will require more long-term employment.

The shift of production from China to southeast Asia is unlikely to stop the trans-Pacific container market from declining this year.

Sino-Malaysian services provider Integrated Logistics (trading as Integrated Group) has announced another poor set of financial results. It looks set to deliver its fifth full-year loss in six years.

China’s exports to the U.S. contracted last month. Even so, slowing U.S. exports to its trade rival saw China’s trade surplus with the U.S. widen.

The Inter-American Committee on Ports leverages the combined influence of the national port authorities of its dozens of member nations to foster robust port development.

Animal rights groups call for the European Commission to ban the live transport of animals following the Black Sea tragedy.

Despite solid revenues, costs at CJ Century Logistics surged and the company has reported a third consecutive quarterly loss.

A look at today’s containerized ocean transport of alcohol via bottle, can, keg, flexitank and ISO tank container — and how this mix could change going forward.

Conspiracy involved sale of offshore drill ship to Houston chartering company.

CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of CEVA Logistics.

Trucking and trade bodies are outraged by the ongoing tactics of container terminal operators to frequently hike already huge fees on trucks. Lobbying of government ministers is underway and even port operators are disappointed at the ongoing tactics of terminal operators.

Port of Los Angeles Executive Gene Seroka cautioned the port’s Board of Harbor Commissioners that even if a trade deal is reached with China, it may take months or years […]

Carl Bentzel will bring nearly 30 years of maritime legislative and policy background to the U.S. Federal Maritime Commission.

SCF Marine Inc.’s SEACOR America’s Marine Highway (AMH) unit has seen its business grow rapidly with the boom in U.S. plastic exports.

Unsurprisingly, listed bulker owners insist fourth-quarter Capesize rate pressure will pass.

Saybrook Capital alleges that additional evidence shows how port and longshore union aimed to derail project.

Freight data confirms that container lines are increasing their flows to the U.S. East Coast at the expense of California ports.

Data reveals how container pricing may have suffered collateral damage from the trade war.

ZIM reported a $5 million profit in the third quarter of 2019, saying it benefited from its cooperation with Maersk and MSC.

Shippers believe container line consortia are anti-competitive and lack transparency.

Cargo rate platform adds “deep link” to Maersk’s booking portal.

The European Commission believes that container shipping lines need consortia to make “operations more financially viable and efficient.”

Higher freight rates are piquing investor interest, bringing ship owners back to the capital markets.

Box-port operator Asian Terminals has seen a massive surge in nine-month revenues and profits but it has also witnessed a downturn in the third quarter of 2019.

Fortune has taken a decidedly downward trajectory for Indonesia-focused dry bulk ocean carrier Seroja, which saw a dramatic decrease in profitability in the third quarter of 2019. But that won’t worry the company – it has just agreed to sell its entire business for $32 million.

Farmers and other shippers in Oregon got some good news this week when the South Korea-based container carrier SM Line announced it will bring weekly container shipping service back to […]

RightShip advocates for safety and sustainability in the maritime industry.

A look back at the colorful history of the transport of beer, wine and spirits via oceangoing tankers.

COSCO Shipping International (Singapore), a logistics-focused arm of COSCO, reports a big hit to its third quarter profit after tax. But the company nonetheless has big regional expansion plans.

Already the largest cold storage warehouse company, Lineage Logistics is reportedly buying Emergent Cold.

What was behind the historic rise and sudden fall in global LNG floating storage?

Marine Money analyst says 2019 “is on track for the lowest amount raised during a cycle — so low that the total capital market proceeds are less than half of the next lowest total from the last 10 years.”

Soren Toft, the former chief operating officer at Maersk will become chief executive officer at Mediterranean Shipping Co.

Japanese mafia are in the firing line after a record 400 kilos of cocaine are found in a container in Japan.

The Port of Brunswick in Georgia is now open to commercial vessel traffic 24 hours a day after salvors have stabilized a car carrier that flipped on its side.

An unreleased study reportedly discussed at IMO’s meeting this week suggests that setting ship engine power limitations would result in negligible CO2 emission reduction.

With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.

From tiny flaws great economic disasters are born. One such tiny flaw nearly led to an economic disaster in far north Australia. It was only high quality seamanship that averted a months-long salvage at, and blockage of, the Port of Weipa.

Global logistician Agility has reported an increase in its third quarter revenues and a surge in net profit. However, cargo volumes fell. The company boosted its finances through higher yields and a strong contribution from its infrastructure businesses.

After first half surge, the back-end of November is weakening after the last U.S. freight surge.

Vessel group alleges “lucrative cost advantage” over American-flagged ships.

Europol believe Italy’s ‘Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.

HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.

New ship orders are grinding to a halt due to uncertainty over which designs can meet future GHG rules.

The shipping grapevine is abuzz with rumors that the man who was Maersk’s COO until Monday (Nov. 11) could soon be leading MSC.

Focus on profitability over market share bears fruit for Danish container shipping giant.

India’s largest commercial ports operator, Adani Ports, reported a substantial increase in its company and port-segment revenues. Company and port-segment profits have also markedly increased.

ESG investors are shunning shipping stocks, but dividends should bolster total returns.

Danny Wan, just named executive director of the Port of Oakland says the agency needs to plan ahead for the possibility that the economy may slow.

Proposal is part of $1.3 trillion infrastructure plan

Sune Stilling, head of Growth for Maersk, right, said the investment fund is focused on companies that keep the customer — not a billion-dollar valuation — in mind when developing their solutions.

CEO tells FreightWaves the U.S.-China trade war has transformed the trans-Pacific trade and customers are receptive to paying IMO 2020 bills.

Revenues were down, costs were flat, profits were down. It was largely an unhappy first half financial year for Singapore Shipping.

Pan Ocean, a mixed-fleet ocean shipping carrier, reported a double-digit revenue decline but experienced a double digit surge in profits in the third quarter of 2019 when compared to the third quarter in 2018.

Yang Ming Marine Transport Corp. (TWSE:2609) said it had lower revenue and a larger loss in the third quarter of 2019 than in the same period last year. But the […]

WISTA International members take on IMO 2020, alternative fuels and pollution-reduction enforcement at annual meeting.

Hapag-Lloyd says addition of a sixth ship to one of its U.S.-flag transatlantic services will improve reliability.

Maersk, MSC, Hapag-Lloyd and COSCO will be the main market share “losers”, says Alphaliner.

Boston’s freight move thru New York? No suh, because the Hub is best served by its own.

It’s a largely good set of third-quarter results for the Philippines-based but globally operating container terminal operator ICTSI. “Strong financial performance,” says President and Chairman Enrique K. Razon. On a nine-month basis, the growth surge is pronounced.

Advent Intermodal is seeking to increase transparency along the Panama “land bridge” between the coasts.

Risks based on cargo moving through Los Angeles/Long Beach ports

The Cato Institute has published a report that contends the Jones Act hurts, instead of benefiting, the U.S. Merchant Marine.

Ocean shipping terminal operator Westports of Port Klang, Malaysia, has reported a surge in third quarter revenues and a jump in profit before tax. Analysts are… less than impressed.

Evergreen Marine said third quarter operating income was 11 percent higher than in the same 2018 period, but profit from continuing operations plunged.

Reduced estimate for Brazilian iron-ore exports compounds headwinds for dry bulk.