Two ships trapped in the Port of Brunswick since September 8 when the vehicle carrier Golden Ray capsized, have been allowed to leave, a prelude to a possible reopening of the port.
U.S. rail volumes are down nearly 4% year-to-date amid a 6.6% decline for coal and a 4% drop for intermodal.
BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to “double their efforts” to ensure a smooth transition to low-sulfur fuel.
The National Association of Manufacturers wants Capitol Hill lawmakers to pass another long-term extension of the bank’s charter before its Sept. 30 expiration.
China’s Finance Ministry on Sept. 11 announced the first round of exemptions of U.S. goods from Chinese retaliatory tariffs. The exemptions will be effective from Sept. 17 to Sept. 16, […]
Dry bulk spot rates have pulled back from recent highs, while trans-Pacific container rates have held their gains.
Future attacks could be far worse than the $10 billion ‘NotPetya’ attack in 2017 that hobbled Maersk and cost FedEx $300 million.
Shippers responded to the last round of tariff increases on imports from China by front loading containers into U.S. ports in July, the National Retail Federation said. After bottoming out […]
Attorney Richard Luthmann received a four-year prison term and was ordered to pay $500,000 in restitution for defrauding businesses in the U.S. and overseas.
Almost all companies required to conduct due diligence to determine the countries of origin for conflict minerals used in their products did so last year, according to a Government Accountability […]
Final investment decisions for new global LNG export plants are surging, a negative for future thermal coal demand.
But a failure to secure a no-deal Brexit could scupper their plans to reshore manufacturing.
The Coast Guard said four men trapped inside the hull of the car carrier Golden Ray have been rescued through a hole cut in the bottom of the ship.
More than 24 hours after the car carrier Golden Ray capsized, Coast Guard rescuers have made contact with 4 trapped crewmembers.
A Treasury Department official reaffirmed on Sept. 8 the Trump administration’s denial of temporary waivers that previously allowed countries to import Iranian crude oil under U.N. and U.S. sanctions.
A NAFTA binational antidumping and countervailing duty dispute panel on Sept. 4 issued a decision upholding the U.S. International Trade Commission’s (ITC’s) finding that imports of softwood lumber from Canada […]
Digitalization comes with its share of problems and it is vital for businesses to understand what the technology means before they go ahead and adopt it within their operations.
Healthy container throughput growth suggests they might be.
Roll-on, roll-off cargo vessel Golden Ray capsized early Sunday morning, Sept. 8, leaving the Port of Brunswick with 24 crewmembers aboard. Search continues for four missing members.
Halifax and the region hit with heavy winds as potent post-hurricane system leaves 300,000 without power and knocks down a construction crane.
U.S. ports will see a rush of ships as they reopen, but Bahamas port sees severe damage.
The U.S. container shipping industry is eager to weigh in on recommendations produced and approved by the Federal Maritime Commission that promise to bring clarity and fairness to the assessment of demurrage and detention fees.
CMA CGM expects an even better second half to the year following its acquisition of CEVA Logistics.
According to Euronav, the derivatives market in low sulfur fuel oil is not deep enough to provide a viable IMO 2020 hedge – but it will be soon.
Inspections of a sample of 500 ocean containers found large numbers with misdeclared cargo, improper stowage or placarding.
Freeport Harbor in the Bahamas is open following Hurricane Dorian, but initially is expected to handle self-geared ships.
The U.S. Federal Maritime Commission on Sept. 6 unanimously approved a set of recommendations to bring about fairness in the way demurrage and detention fees are administered by ocean carriers […]
Treasury’s Office of Foreign Assets Control warns that companies providing bunker services must be careful not to violate the Iran sanctions, but there are exceptions.
Vice President Mike Pence on Sept. 5 in London made the case for a post-Brexit U.S.-United Kingdom trade agreement, asserting that such a deal could triple or quadruple bilateral trade. […]
But trade associations call for more certainty as political impasse continues.
Tanker major Euronav has revealed new details on its strategy to counter IMO 2020 risks.
Maersk and Ports America onboard with app designed to optimize fraught process of picking up boxes.
Port reports early arrivals and diversions ahead of hurricane’s arrival in Atlantic Canada as forecasters warn of “severe impact.”
Delays, diversions and weekend gates as ports get back to normal schedules.
SONAR provides real-time data on Dorian’s progress and forecast, along with likely and actual impacts to transportation and energy infrastructure.
Tech firm will team up with provider of pricing data to container industry to get carriers on time.
A white paper released Sept. 4 by Sen. Bill Cassidy, R-La., raises concern with the ability of the federal government to combat trade-based money laundering (TBML) and suggests that a […]
Does container shipping have a drug problem? After a string of busts in the U.S. in recent months, attention has now switched to the U.K., where authorities have seized 1,279 […]
Treasury’s Office of Foreign Assets Control sanctioned 16 entities and 10 individuals, as well as 11 ships, which it identified as participants in an Iran-controlled “oil-for-terror” shipping scheme.
Using “crowd-solving” and prizes, Sea Freight Labs hopes to help shipping companies find better and faster solutions to challenges.
The beleaguered dry bulk shipping sector is nearing its post-financial-crisis peak. Is it sustainable?
At least 15 scheduled sailings from Asia are being temporarily culled due to the Chinese national holiday.
Labor unions claim the effect on jobs is not being properly considered.
Treasury Secretary Steven Mnuchin and French Finance Minister Bruno Le Maire on Sept. 3 stated a shared commitment for their countries to work constructively on a solution to international taxation […]
Customs and Border Protection (CBP) officers arrested a 24-year-old woman on Sept. 2 at the Port of Lukeville, AZ, for attempting to smuggle 53 pounds of methamphetamine from Mexico to […]
Companies like Safe Bulkers are booking their ships at considerably higher rates, yet investor interest remains muted.
Resit Tavan, owner of Istanbul-based Ramor Dis Ticaret Ltd., will spend 27 months in jail for conspiring to export U.S. marine equipment to Iran.
Although consumption rates in Europe have remained durable and kept cargo demand reasonably buoyant this year, the U.S.-China trade war and ‘Brexit’ are casting dark clouds over the European economy […]
Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, […]
USPS’ impending exit from Universal Postal Union could send international air parcel rates soaring
Sixth largest container shipping firm cites Asian demand for fresh food as prompting the move.
South Florida’s customs brokers and forwarder employees begin returning to their offices, with the region mostly avoiding the damaging effects of the hurricane.
Northeast Florida readies for Hurricane Dorian, Uber and Lyft offer free rides, Georgia ports remain closed and UPS issues pickup and delivery advisory.
The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan. 1 deadline approaches, says consultant
The BIS Office of Export Enforcement has “revealed schemes” by Pakistani entities attempting to acquire U.S. technologies to support the country’s nuclear program.
OFAC has added two Taiwan entities and another in Hong Kong, as well as their managers, to its list of sanctions for illicit ship-to-ship transfers of fuel to North Korea.
The London-based startup is helping ships to optimize their port docking time, allowing them to sail early and save on fuel by sailing slower.
Maersk, Hapag-Lloyd, HMM and OOCL have announced plans to impose penalties on shippers.
After 35 years representing the National Customs Brokers and Forwarders Association of America on Capitol Hill, Jon Kent has decided it is time to retire.
Hurricane Dorian’s approach upward along the U.S. Southeast coast will shutter maritime and rail assets throughout the region during the week. Dorian was located just 100 miles off the Florida […]
A study sponsored by Canadian dockworkers has tried to quantify the impact of container terminal automation.
Customs and Border Protection announced that it will suspend operations at the two Georgia seaports for Sept. 3-4 with the approach of Hurricane Dorian.
If Sea-Land founder Malcom McLean is recognized as the “father of container shipping,” then surely Charles Morgan should be deemed the “father of integrated shipping” since he was the first […]
Port Everglades has received approval to allow petroleum trucks to continue making deliveries to retail gas stations until early Monday morning or until winds reach 35 mph.
A sewage truck met a watery end in New South Wales; regulators in NSW have improved port access; National Transport Commission overhauls assurance framework; ATA wants truck drivers to be treated humanely; and K&S announces profit slump and sale of Regal General Freight.
Two San Juan, Puerto Rico container terminals can merge but will be subject to additional scrutiny by the Federal Maritime Commission.
Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.
Ship traffic has not yet halted, but vessels warned to find shelter away from local ports.
The Office of the U.S. Trade Representative (USTR) is accepting comments through Oct. 31 on foreign barriers to exports of U.S. goods and services, U.S. direct foreign investment, and protection […]
With Hurricane Dorian bearing down, Customs and Border Protections’ 2,500 staff in Florida, as well as its various marine and aircraft assets, are prepared to respond.
A direct hit on both Freeport and Miami would compound fallout for ocean shipping.
Ocean carriers are deploying ever-larger box ships to drive down slot costs and emissions per unit. But they are sacrificing their own flexibility and are driving up costs for ports and truckers. Overall, the hoped-for benefits haven’t appeared and may even be a net negative, analysts say.
COSCO Shipping Ports (HKEX: 1199) reported higher revenue and volumes for the first half of the year. But the spin-off of a stake in one of its port assets and […]
A tanker owner and operator were fined $1.5 million each for violating environmental laws within the U.S.-Caribbean emission control area.
New official figures from China’s Ministry of Transport show that the volume of containerized ocean freight, as measured in twenty-foot equivalent units (TEUs) through China’s 49 main box-ports in the year continue to rise despite the Washington-Beijing trade tensions. But it seems that Vietnam might be benefiting from the turbulence, according to data found in FreightWaves’ SONAR database.
Japans NYK has ordered two new ships to respond to demand by shippers of wind turbine blades and other large equipment.
Study criticized by former Trailer Bridge CEO examined the Jones Act’s impact on Puerto Rico’s economy.
Strong regional and transloading demand keep inbound numbers strong.
LNG shipping rates are being driven by seasonal issues. Box shipping rates are behaving counter-seasonally.
The Office of the U.S. Trade Representative (USTR) has released notices for publication in the Federal Register to increase tariffs across almost all imports from China. One notice would increase […]
Marine terminals to offer guaranteed empty returns, common portals for truck appointments.
French President Emmanuel Macron on Aug. 26 claimed that the U.S. and France reached a deal regarding France’s digital tax framework, after the Office of the U.S. Trade Representative started […]
Norway’s Wallenius Wilhelmsen, a major global ocean carrier of vehicles, now faces a criminal prosecution in Australia after the local competition regulator filed charges against it.
Market Voice Jim Blaze writes about rail intermodal and what is happening to this area of the railroad sector.
Transflo has bundled an ELD, weigh station bypass, navigation and more into a single solution available on driver’s mobile devices.
Rates manage to outperform volume drops as carrier swings to profit.
Best-of-both-worlds business model of LPG carrier Epic Gas strives for both defensibility and growth potential.
Avocado supplies are expected to return to normal after a summer shortage sent prices skyrocketing in July. Prices spiked in mid-July due to imports of avocados from Peru and Mexico […]
U.S. Customs and Border Protection said it will introduce “in the coming months” a new automated tool for importers and exporters to submit their electronic vessel manifest confidentiality requests to the agency.
Polaris New Energy is building a bunker barge to bring LNG to the growing number of cruise and cargo being powered with natural gas.
The Commercial Customs Operations Advisory Committee (COAC) Rapid Response Subcommittee on Aug. 21 proposed that Customs and Border Protection (CBP) support a “Northern Triangle Trade and Job Promotion Act” to […]
John Fredriksen’s shipping companies are increasing their exposure to IMO 2020 market effects.
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
China will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs across about $262 billion worth of goods from […]
U.S. Customs and Border Protection officers at the Los Angeles and Long Beach seaport complex halted the illegal import of Chinese-made firearm parts valued at $378,225.
Ports of Los Angeles and Long Beach plan further cooperation to ensure they are the “gateway of choice in North America.”
Fourth-largest ports operator sees tepid volume growth, but logistics provides offset.
An exclusive FreightWaves interview with Concordia Maritime CEO Kim Ullman on product-tanker fundamentals and IMO 2020 fallout.
The Commercial Customs Operations Advisory Committee (COAC) on Aug. 21 approved a recommendation for Customs and Border Protection to allow carriers to assume liability for initial in-bond shipments, where the […]
Five container terminals in the Port of New York and New Jersey have increased rates in an update to their FMC agreement.
