The introduction of new low-sulfur fuels, bearish demand and increased blanked sailings will bring more volatility to box markets in the coming months, says MSI.
“Items that likely would have been forfeited, slated for auction or destroyed as part of a final disposition are now going to help those in need,” CBP’s Miami International Airport port director said.
Dredging could begin in late 2020 after port finishes shoreside upgrades.
Crude tanker rates continue to surge, driven by geopolitical tensions. Meanwhile, container rates remain weak.
Energy markets appear to believe that capacity constraints will raise diesel prices next year.
From Oct. 1 new low-sulfur fuel charges are being levied by some container lines with more to follow through Q4. Use of the fuels is not mandatory until January 1, 2020.
U.S. sanctions targeting Iranian crude aboard Chinese ships ensnare Canadian-headquartered, New York-listed owner of Bahamas-flagged vessels carrying Russian cargoes via Arctic Sea.
Export and import volumes falling well below earlier estimates as economy slows and trade tensions rise.
The World Shipping Council considers next steps after the U.S. Federal Maritime Commission on September 26 denied a part of its petition calling for the elimination of service contract filing.
Brandon Fried, executive director of the Airforwarders Association, believes U.S. Customs and Border Protection must step up engagement with his industry to boost its participation.
Japanese shipping giant NYK has taken a big step into the future as it has revealed the successful trial of a “Maritime Autonomous Surface Ship”, which it claims as a world-first.
Rod Sims, the chairman of the Australian Competition and Consumer Commission, has barked at the many monopolists inhabiting Australia, including the world’s biggest coal export port, the Port of Newcastle.
U.S. sanctions targeting a subsidiary of China’s COSCO Shipping could have far-reaching consequences.
Calls allegations she used her position to benefit family’s shipping business “false”.
The company is following through on a pledge to acquire 1,000 branded intermodal containers by the end of 2020.
The system of internal waterways vital to the nation’s shipment of agricultural commodities is rapidly diminishing in its capabilities to handle bulk shipping.
Hong Kong-based 300cubits is suspending its platform after it failed to generate sustained interest within the maritime logistics space due to issues with interoperability and government regulations.
For 235 years China and the U.S. have sought out each other’s markets by utilizing their fleets of merchant ships.
Seventh busiest North American container port looks to add more infrastructure to handle larger ships.
Northern Asia is again in the cross-hairs of an extreme weather event as Typhoon Mitag bears down on some of the busiest box ports in the world.
A massive explosion aboard a chemical tanker blew a fireball and mushroom cloud into the sky over the weekend at the Port of Ulsan, South Korea. Local reports indicate that about 18 people were injured primarily from burns and smoke inhalation. One ship has likely been rendered inoperable and another has sustained heavy damage.
Australian logistics continues to be dangerous for workers: a man was tragically crushed to death last week. In corporate Australia, companies are winning contracts. Meanwhile, trucks might get bigger in Australia, following an official recommendation.
Air and ground express firm DHL Express announced September 27 a 5.9% general rate increase on shipments moving to and from the U.S., effective January 1, 2020. The increases are […]
As California tightens trucking emissions, natural gas seen as most viable in market currently.
Ben Thrower writes about the coming IMO 2020 regulations and its impact on the shipping industry.
The U.S. Federal Maritime Commission does not expect easy answers to the question of how to fairly assess demurrage and detention when Customs and Border Protection holds containers.
The Treasury Department’s Office of Foreign Assets Control identified Moscow-based Maritime Assistance LLC as the head of a “sanctions evasion scheme” to deliver jet fuel to Syria.
U.S. trucking operators, heed this warning from Asia. Maritime experts say that after the IMO 2020 deadline, fuel availability will be uncertain, scrubbers won’t work, stockpiles will “evaporate” and fuel prices will “go through the roof”.
The Federal Maritime Commission approves the ocean container carrier organization’s petition to eliminate publication of essential terms but retains the requirement to file the actual service contracts.
New regulations are expected to affect around 60,000 ships, requiring them to reduce their sulfur emissions by more than 80%.
Small tariff increase fails to excite demand as rates reach 2-year lows.
The U.S. Office of Foreign Assets Control said the sanctions do not apply to parent company COSCO Shipping Corp. and other affiliates not involved in the transport of Iranian oil.
The start of the box shipping slack season commences next week when Chinese factories close for the Golden Week holiday. Further spot rate losses are predicted by Alphaliner.
Trade lanes will come to a halt if the U.K. exits the EU on October. 31, believes the Secretary-General of the European Shippers Council.
Technology is posed to assist the LTL shipping sector and in some cases, already has.
Four ocean shipping firms and four tankers are added to the Office of Foreign Assets Control’s Specially Designated Nationals List for their roles in supporting Maduro regime.
The new platform focuses on collaboration, workflow automation, and allows users to define business priorities.
Shipping equities have suffered through a rough couple of years, but hope persists that market capitalizations and trading volumes can be resuscitated.
Countries around the world are aligning their corporate insolvency regimes with the U.S. system. Lawyers say alignment will benefit the international ocean shipping industry.
At 400 meters in length, the CMA CGM Jacques Saade has capacity for over 23,000 containers.
Port of Long Beach is offering incentive payments to ocean carriers in an effort to stabilize declining cargo volumes.
The U.S. Department of Agriculture agency looks forward to receiving import documentation through Customs and Border Protection’s International Trade Data System.
The shipping giant has teamed up with JDA to boost warehouse and supply chain visibility
Container ships are setting new records, but for all the wrong reasons, as the vessels become an increasingly popular way to smuggle drugs. As FreightWaves’ Mike King reported, the Maersk […]
Wind technology may be a solution for rail industry.
Getting to Zero Coalition, which includes Maersk Line, calls for “commercially viable zero-emission vessels” to be deployed on deep sea trade by 2030.
The number of containers is a better bellwether of global trade than the number of container ships.
Team of rivals? The competing ports of Los Angeles and Long Beach are looking at additional ways to cooperate for their mutual benefit.
The U.S. Federal Maritime Commission (FMC) issued a proposed rule to promote “just and reasonable” demurrage and detention charges.
The $42.3 million bust is the latest in a string of global maritime drug seizures at sea and in ports.
Forwarder outlines pathway to carbon neutral future as climate change takes on new urgency.
Capital-market sentiment is so bad in New York that ship owners may end up raising more money in Oslo this year.
France, Germany float proposal that would increase USPS charges for handling foreign mail, keep US in UPU
The U.S. Federal Maritime Commission set the new comment deadline for its notice of proposed interpretive rule to address demurrage and detention practices to Oct. 31.
BIMCO says there are “several indications” that goods are being shipped from the Far East to Europe and then transshipped to the U.S. East Coast to avoid tariffs.
Despite sea change in business model, carriers and drivers may want to wait for more clarity.
Academics look at the trade imbalance between the United States and China and weigh in on possible fixes.
FIATA warns that higher air, ocean and trucking fuels costs will be passed directly on to customers.
Blockchain to be deployed by VAKT to smooth the post-trade process
Through the continued development of automated processes, U.S. Customs and Border Protection foresees the day when paper export manifests will no longer be necessary.
In a wide-ranging speech, the deputy director-general of the WTO, Alan Wolff, sets out the challenges and issues for the body. But he’s generally optimistic on the future of world trade.
After several days of dithering in the Philippine Sea, tropical storm Tapah (also called Nimfa) has transformed into a typhoon. It has also started accelerating towards southern Japan and Korea.
Ports, terminal operators and shipping lines are striving to improve the flow of information.
If not enough 0.5% low sulfur fuel is available after Jan. 1. 2020 ships may resort to using more expensive 0.1% sulfur fuel used today in emission control areas.
According to an MSI analyst, a key mainline container trade hardly bumped this summer – and the forward outlook for carriers is less than upbeat.
This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.
Dip Shipping will pay a criminal fine to settle an antitrust violation charge as part of an ongoing U.S. Justice Department forwarder price-fixing investigation.
The Port of Savannah’s expansion plans will benefit shippers — so long as infrastructure needs outside the port are met.
MOL continues its foray into experimenting with LNG with an innovative LNG-powered tugboat; meanwhile, MOL’s LNG-bunkering business signs deals around the world.
Three marine terminal operators had approached the U.S. Federal Maritime Commission about forming a joint terminal services and stevedoring operation in the ports of Savannah and Charleston.
Customs and trade facilitation chapter supported at CSCMP Edge 2019.
Chao’s influence over budget cuts could also affect national security, lawmakers allege.
Danish logistics conglomerate DSV is now one of the world’s leading forwarders after completing the acquisition of Panalpina in August.
Australia is linking its interior to its coasts and its export markets by building a giant railway to the main seaports. But someone forgot to link the railway to the northern port.
Ship operators who engaged in “reprehensible,” “dishonest and predatory” behavior by forcing crew to work without pay get their ships banned from Australia.
The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part II: the impacts on the crude tanker segment.
The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.
Executive director and governor report volume records and expansion opportunities.
The AgTC asked the U.S. Federal Maritime Commission to extend the comment deadline to Oct. 31, calling the rule “the most relevant and far-reaching initiative taken by the FMC in many years.”
The Express Association of America said additional industry participants in Customs and Border Protection’s Section 321 pilot will “enhance” the agency’s capability to target illicit products.
With oil prices climbing 20%, bunker and BAF costs are expected to follow suit after Saudi drone attacks
IMC Companies added its eighth regional trucking branch with the addition of a new drayage and intermodal provider in the Pacific Northwest, The third-party logistics and intermodal trucking provider said […]
Japanese ship owners have called — very, very politely — upon the Panama Canal Authority to give greater consideration to the shipping industry when hiking canal tolls.
Carriers are set to withdraw more Asia-Europe sailings in Q4 as excess capacity drags on freight rates.
Founder and CEO of Farmbox Direct works to eradicate food deserts by shipping fresh fruits and vegetables to consumers.
DB Schenker’s head of Americas says uncertainty arising from events such as the U.S.-China tariff war means shippers will increasingly need to source from multiple countries and adjust inventory.
Data confirms that U.S. importers are increasingly opting to bring Asian cargoes into East Coast ports.
The Port of Brunswick reopens to restricted traffic as the investigation into the capsizing of the car carrier continues.
The Federal Maritime Commission welcomes container shipping industry’s comments on recommendations to bring clarity and fairness to the assessment of demurrage and detention fees.
Tokyo-based ocean ship classification society ClassNK is boosting its cybersecurity capabilities by setting up a cross-sectional team of marine and security experts.
Higher transport costs are a price worth paying to cut carbon emissions, says a U.K. government energy czar. Ship owners beg to differ.
Port of Los Angeles says it would take seven Vietnams to make up for the loss of business from China trade war.
The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”
Georgia Ports Authority touts record volumes and expansion projects during State of the Port event.
CSX needs to be more proactive if wants to compete with trucks, CSX’s chief said.
Digitalization and automation are increasing the risk of cyberattacks, say intelligence agencies, but many shipping companies are refusing to act.
Yantai Port in northern China and the Brazilian miner Vale have signed a so-called strategic cooperation framework to promote the sale of Vale’s iron ore. It is the second such deal for Vale in recent months.
Larger ships now calling as liner services have to reach Southeast Asia ports for East Coast discharge.
Truck capacity across the English Channel could be cut to 50% for up to three months, resulting in two day queues for drivers.
U.K.-based technology firm sees 2019 as pivotal year for logistics-focused technology.
