Maritime

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Drewry says it expects a brief spike in transpacific freight rates to the U.S. West Coast following President Trumps threat to impose a new round of tariffs on imports from China.

The Port Report focuses on another vessel being seized in the Strait of Hormuz.

There are reasons to expect a healthy pop in outbound Los Angeles spot rates.

A pair of enormous crates carrying parts of a South Korea-bound drilling ship will be transported along highways through the Houston area over the next four days. According to Ronnie […]

Goods like clothes and toys are on the proposed tariff list.

Ports are asking that Chinese-made container cranes be excluded from the list of products on which President Trump has threatened a 10 tariff.

The deal reached in Washington on Friday will allow the U.S. to nearly triple its beef exports to Europe.

The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.

Automotive carrier Kawasaki Kisen Kaisha (K-Line) has been convicted of being in a criminal cartel and has been fined nearly US$23.4 million in Australia.

As with product tanker rates, crude tanker rates show no sign yet of upside from IMO 2020 preparations.

The Energizing American Shipbuilding Act seeks to revive domestic shipbuilding and maritime industries.

The new tariffs, announced a day after the Fed cut rates, will affect mostly consumer goods.

Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.

Japans K-Line shipping company reported its fiscal first quarter earnings.

Japanese shipping company NYK;s fiscal first quarter earnings are covered in this article.

An overview of Japanese shipping company MOLs fiscal first quarter earnings is covered in this article.

Ocean Network Express (ONE) expects slightly better profit this year than previously forecast as costs drop one year into its full operation.  But overall demand remains tepid as it lowered […]

IMO 2020-driven refining activity and tanker demand appears to be materializing slower than previously expected.

GSC handles 12 percent of import containers in Oakland, but its leadership is concerned about plans to build a baseball stadium on port property,

Jim Wilson reports on Hong Kong-listed dry bulk ocean shipping company Pacific Basin’s earnings.

Ceva Logistics posts weak first-half results, pressured by economic weakness, subpar airfreight volumes and loss of big ocean contract

Jens Bjørn Andersen, chief executive officer, said the company was “very pleased with the strong results for the second quarter of 2019. Global transport markets are soft – especially within air freight, but DSV has managed to outgrow the market while still delivering market leading profitability.”

Eternity México recently launched ELIS, a new cloud-based platform to track international freight shipments in real-time between major markets from Asia to Latin America. ELIS (Eternity Logistics Intelligent System) was […]

The Port of Savannah saw container volumes drop from year-earlier levels as the outlook for international trade remains weak. But the fourth largest U.S. port is still seeing some of […]

Innocent third parties who get caught up in Australia with illegal drug logistics, such as employers and transport operators, do not appear to fear the threat of having their property seized by the authorities.

Shippers Transport Express, an affiliate of the stevedoring firm SSA Marine, has obtained a long-term lease on land it uses as a dray-off yard in the Port of Oakland.

CHRW grew net income by 6.3% but increasing earnings per share by 8% with buybacks.

Shipowner organizations are expressing concern about proposed modification of tolls at the Panama Canal on Jan. 1 and are asking for it be postponed until June 2020.

Convoy says a study of its data shows that carriers in its network are safer than industry averages and have fewer cargo claims than the average carrier.

Eagle Bulk is finally in position to benefit from a rate recovery. It has been a long time coming for funds that invested back in 2013.

Germany’s DB Schenker is joining the ranks of logistics companies that aim to bring cargo booking online. One of the top five freight forwarders in the world, DB Schenker said […]

Furniture-makers may face long slog in adjusting to tariffs on Chinese imports; Autonomous freight trains to be tested

uShip, the online logistics and freight marketplace provider, announced July 25 that Mike Williams has stepped down as chief executive officer and board member. The Austin, Texas-based company also announced […]

As peak shipping season gets underway and more containers arrive at ports, the ability of North America marine terminals to handle the extra truck traffic is coming into sharper focus. […]

Tank barges plying U.S. rivers are seeing higher rates as more petroleum is shipped.

Ports receive 15% of grant program typically used for surface projects.

OOCL reported its second quarter 2019 earnings while also announcing that it was canceling several Asia-Europe sailings for a three-month period.

Intruders could have cost the Maritime Administration $103 million.

Indiana-based Steel Dynamics Inc. announced it will build a $1.9 billion mill in Sinton, Texas, about 25 miles northwest of the Port of Corpus Christi. The site for the new […]

E-commerce packages are flooding the U.S. The vast majority contain legal products, but U.S. Customs and Border Patrol worries about those that contain illegal or dangerous products.

After California, New Jersey is the next battleground for trucking’s owner-operator business model. And motor carriers fear the war there may be largely lost. The latest skirmish centers on a […]

Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), has expressed competition fears over the acquisition of the wharf-side GrainCorp Liquid Terminals by independent bulk liquid storage company ANZ Terminals. The ACCC has formed a preliminary view that the potential sale would “substantially lessen competition”… and that’s the first step on the way to blocking the A$350 million (US$248 million) deal.

The Netherlands-headquartered shipping line Universal Africa Lines (UAL) recently added Port Houston’s City Docks to its liner service that connects the Gulf of Mexico and Mexico with West Africa. UAL, […]

Asian city-state Singapore has seen a small fall in container volumes and a more noticeable fall in containerized cargo weights in the first half of 2019 when compared to the same period in 2018. Singapore is a bellwether for world trade volumes and it does a substantial amount of business with the U.S. as well.

MTC Logistics broke ground July 24 for a 12 million-cubic-foot temperature-controlled distribution center in the Port of Mobile.

Chris Connor, the new president and CEO of the American Association of Port Authorities, is enthusiastic about advocating for the varied needs of its members.

Flexport’s customers have seen average landed unit costs rise by 30 percent due to tariffs.

The quarterly results of Costamare reveal continued rise in container-ship charter rates.

Kirby Corporation (NYSE: KEX) reported second quarter results that met consensus estimates, despite the ongoing problems for barging operations in the U.S. Midwest. But the company did lower its earnings […]

Owners of ships, railcars and trucks face increased risk from environmental regulations, credit rating agency Moody’s said. The value of $265 billion in debt owed by transportation companies may be […]

The Port of Los Angeles is a test bed for the latest in logistics technology, and a target for the threats facing that technology. To stave off those threats, the […]

This week, VLCC rates are going sideways, Capesize rates have reversed, and container shipping has yet to gain traction.

In this commentary by Ekim Saribardak, he writes about new track and trace technologies that can revolutionize the shipment of ocean freight.

DP World (Dubai: DPW) said July 24 that it has reached agreement to create a $1.2 billion container port and industrial logistics port in East Java with the Indonesian conglomerate […]

The $320 million project will double the annual throughput of the Virginia International Gateway container terminal.

Low pricing will speed up Europe’s transition from coal to gas, according to Morgan Stanley.

The new officers will begin their duties Aug. 12.

Stock market analysts are not excited by the initial public offering (IPO) of the container- and forestry-products focused Port of Napier on New Zealand’s east coast.

Criminal syndicates are smuggling huge volumes of methamphetamine around the globe by hiding it in the lawful flow of freight. Find out where meth flows, how it flows, and who profits as it flows.

The former CEO of Trailer Bridge disagrees with figures presented on the Jones Act.

Maryland Governor Larry Hogan (R) said Maryland has received a $125 million federal grant that the state hopes will lead to an expanded rail tunnel in Baltimore to allow for taller trains to travel to the Port of Baltimore.

Kuehne + Nagel (K + N) said it is cautiously optimistic on the outlook for the second half of 2019, but it will be a “tough ride in a tough […]

Blockchain can help standardize supply chain processes while also ushering in much-needed transparency and visibility.

The California Department of Transportation has started a massive construction project that will lead to nighttime closures of State Route 60 out of Ontario for months.

The San Francisco Conservation and Development Commission will use a new 199-page report to update its seaport plan.

Ecommerce continues to grow and Amazon and its competitors continue to innovate and grow. Read insight into the phenomenon by Anothy Smith.

U.S. Customs and Border Protection is starting a voluntary pilot Aug. 22 to collect advance data related to e-commerce shipments with import values of less than the $800 de minimis.

Fenix Marine Services aims to make faster dwell and truck turns the capstone of a nearly two-year project to upgrade the second largest marine terminal in Los Angeles. Fenix is […]

The already dicey relationship between the U.S. and China could get even dicier after a new sanctions decision.

Louis Sola joined the Federal Maritime Commission earlier this year with the goal of working with industry to tackle inefficiencies in the U.S. container supply chain.

Rates for mid-sized bulkers including Kamsarmaxes and Ultramaxes are following Capesizes’ lead.

USPS’ pension problems could cost it more than money. CO2 as a KPI for freight? CPG edible firms need to start going online

This article brought to you courtesy of NEXT Trucking The ability of marine terminals to move ocean containers quickly is becoming a selling point for shippers frustrated with long delays […]

TraPac says upgrades were needed to allow the Los Angeles terminal to handle 2.4 million TEUs by 2038.

Ben Thrower explores the financial and political influence that China is wielding in Panama and around the Panama Canal.

Canadian Prime Minister Justin Trudeau toured the Port of Montreal with European Council President Donald Tusk.

West Virginia may look to sell an intermodal port that it developed, but which has failed to generate the expected level of freight volumes. The state’s Port Authority developed the […]

Geopolitical risks are escalating, increasing the risk for petroleum shipments transiting the Strait of Hormuz.

If U.S. crude output were to lose momentum, it would be felt by tanker owners much more so than before.

To prepare for ultra-large containerships, the port revises the plan last updated in 1990.

While NWSA reported a record first half, June volumes were mixed — down for international containers but up for domestic traffic.

The new functionality will be available beginning July 27 and will allow the electronic consolidation of informal entry summaries to be processed in the express consignment environment.

Dockworkers will be trained to repair automated cargo-handling equipment they argued would take their jobs.

APM Terminals reached a deal with the longshore union at the Port of Los Angeles to retrain dock workers in repairing the automated cargo handling equipment that will take their […]

Declaring an undervalue on imported watercraft has triggered demands for millions of dollars in duty from the authorities. Experts say customs authorities will, in future, only become more efficient… and aggressive.

East Coast ports controlled nearly half of all US TEU traffic last year, JLL report says

Critics of the proposed location for an Oakland Athletics baseball stadium point to a study that says the Howard Terminal site will be needed for cargo.

It’s hard to blame the skeptics, given what has happened in the past, but dry bulk freight rates are getting pretty impressive.

“Rest assured our commitment to achieving our financial targets is unwavering and has never been stronger,” says CFO Rob Knight.

The Federal Motor Carrier Safety Administration has proposed delaying two provisions in its entry-level driver training rule until February 2022.

Tiny landlocked kingdom on the eastern edge of the Himalayas moves aggregate via the Brahmaputra River.

Hapag-Lloyd, Yang Ming, Ocean Network Express, COSCO and OOCL will begin service in October.

The South Carolina Port Authority (SCPA) said ocean container moves were up 9 percent in its fiscal year, setting a volume record for the port.  The Port of Charleston’s two […]

The Federal Maritime Commission will monitor the transparency of bunker-adjustment factor formulas as the IMO low-sulfur fuel mandate looms, Chairman Michael Khouri said.

The oil tanker industry is nearly 130 years old, having first been developed in 1890 by the founder of Shell. Now the industry may be entering its twilight if, and […]

A simmering industrial dispute in Australia burst into fire this morning when maritime box terminal operator DP World Australia used local media to threaten longshoremen with job losses. Strikes confirmed at Sydney, Fremantle and Brisbane.