Current International Maritime Organization policies are not sufficiently stringent to meet mounting climate change concerns.
The U.S.-China trade talks throw another curveball at shippers and leave no time to move containers ahead of new tariffs. Market experts see no quick relief at hand, and the […]
The Saudi customs has successfully piloted its first shipment through TradeLens, a blockchain-based platform developed collaboratively by Maersk and IBM.
South Korean ocean carrier HMM may have a shiny new corporate identity but its first quarter results were written in the same dreadful red ink as last year. Although the ocean carrier generated large increases in revenues, its costs surged, which led to large losses in the first three months of 2019.
There are some positive signs for shipping rates, but overall, disappointment prevails.
Golar LNG Ltd is spinning off a new public entity. Flex LNG is coming too. Shipping’s US-listed field is getting even more crowded.
Saudi Arabia Customs successfully transported a container to the Port of Rotterdam using blockchain for the packing list and commercial documents.
Discharge operations could “take up to two weeks,” ONE said Monday in a customer advisory.
President James Hoffa called the FMCSA’s proposal to lower the truck driver license eligibility age a “grave concern to those who use the roadways as their workplace every day.”
The purchase by PSA International, Polish Development Fund and IFM Investors was first announced in March and reportedly was worth more than 1 billion euros.
The search and rescue operation was called off Sunday night after the second officer of the Maersk Patras fell overboard that morning in Canada’s St. Lawrence River.
Rob Grool is named CEO, Tom Edwards is hired to head procurement and Anders Lindmark is tapped to lead a gas systems business unit.
Chinese shipping giant Cosco (HKEX: 1919) was last weekend given, for free, 45 percent of the equity of ports and shipping operator, Hainan Shipping Holding. Cosco’s not just getting a […]
The Sulfur Cap and a reduction in carbon emissions are high on the agenda for the International Maritime Organization in 2019.
Pioneer is the parent company of 17 short-line common carrier railroad operations, an equipment leasing company, two service firms and a contract services switching company.
Will McKnight and Denis Petropoulos are elected chairmen and Justin Kreimer is hired as vice president.
The Polar-class vessel will be deployed in the North Europe-Mexico/Caribbean service.
Andrea Daigle will serve two years of probation for submitting falsified CDL medical records to the FMCSA.
About 18,000 pounds of Copper River salmon arrived at Seattle-Tacoma International Airport Friday morning.
A five-month drought in Panama has reduced freight carrying capacity of the country’s canal of ocean carriers by nearly one-fifth. It’s also giving an unseasonal boost to shipping rates for […]
A more flexible shipping loan concept is good for borrowers and their clients, but may have limited scope.
Also in this week’s report: a test at Shell gives some hope to a less diesel-intensive marine fuel for IMO2020.
The new division will offer solutions for temperature-controlled transportation of pharmaceutical products.
Schulte Group has launched INNOPORT, a venture capital unit that invests in global maritime startups. “We want to build bridges and open doors wherever possible,” said Yiannis Sykas, INNOPORT chief […]
The drones can carry up to 5 kilograms of cargo and take off and land atop intelligent cabinets developed for the fully autonomous loading and offloading of the shipment.
Awards also go to Kuebix, J.B. Hunt, Long Beach community groups, port champions, Sovcomflot, Synergy Group, Thordon Bearings and Worldwide.
Market expert Cathy Roberson writes about issues that are impacting the air freight market.
“Combining the strengths of Hamburg Süd and Maersk, we can offer our customers a best-in-class stand-alone service configuration,” says CCO Frank Smet.
A federal grand jury charged Evridiki Navigation, Liquimar Tankers Management Services and a ship’s chief engineer for attempting to hide oily bilge discharge.
Several containers of fireworks entered the country through the Port of Savannah.
Speakers during an American Shipper webinar talked about how software solutions could help importers and exporters navigate sanctions, tariffs and security filings.
Officers are elected during Infrastructure Week and a strategic sales manager is hired.
As ocean carriers bring in ever-larger container ships to the U.S., the Port of New York and New Jersey says it is ready to handle them. Last week, the YM […]
BW LPG, an ocean carrier of crude oil, gas, chemicals, and products of oil, has reported a first quarter 2019 net loss after tax of US$23.5 million. It’s a loss that’s about three times greater than the US$8.4 million loss recorded in the first quarter of 2018.
Chill winds from the Chinese economy have caused Australian freight forwarder Wiseway to downgrade its anticipated China/Australia freight volumes and earnings.
Shuttle trains now move ocean containers between the Oregon port’s Terminal 6 and Seattle and Tacoma following a series of labor disruptions and shutdowns.
The investment company Caisse de dépot et placement du Québec reportedly is a partner in the Canadian deal and also is taking a piece of DP World’s investments in Chile.
Dissatisfied with 2018 results, CEO Frank Appel says the company has set ambitious targets for this year and 2020.
A Senate committee on Wednesday approved the Maritime Administration Authorization and Enhancement Act, legislation introduced by Rep. Roger Wicker on Tuesday.
A container top loader reportedly exploded Wednesday morning at Fenix Marine Services’ Pier 300 container terminal.
Transport committee recommends against passage of bill C-48, which would effectively bar crude shipments from ports north of Vancouver.
The Grimaldi Group ship was taken to the Spanish port of Pama de Mallorca Thursday following the incident, which came about two months after the Grande America sank.
William J. “Bill” Shea Jr. will receive the 2019 Connie Award and J. Christopher Lytle will be honored with the Lifetime Achievement Award in California in September.
Despite the controversies through the years, DryShips has proven to be a survivor – and has posted another quarterly profit.
Credit rating agency says while traffic may fall, revenues are not likely to be affected in the medium term.
Wei Chi is hired to lead the finance division, Bob Felix is named director of specialized projects and Bosco Dsouza has been appointed as account manager.
Customs brokers facilitating imports from Mexico into the U.S. have witnessed improved cargo processing by CBP at the southern border ports of entry.
APM Terminals Inland Services will be integrated into Maersk Logistics & Services.
The two barges involved in the tug collision, including the damaged one that spilled more than 11,200 barrels of gas blend stock, have been removed.
Hyundai Merchant Marine (KSE: 011200) started off 2019 much as it ended 2018, racking up losses. Despite a first quarter gain in volume that boosted revenue, fuel prices and finance […]
Large ships may provide liner operators with economies of scale, but they are proving more expensive in the chartering market.
Forwarders that participated in the pilot expect the agency to focus penalties on egregious violations.
An accident at the Port of Los Angeles took the life of a dock worker and injured another, ending the five-year U.S. safety record for marine cargo handling. The May […]
COSCO has yet to join the organization that seeks to enable digital standardization.
What The Truck?!? hits the road this week as Chad and Dooner make tracks towards Birmingham, Alabama to cover McLeod’s Transportation, Finance and Accounting Conference. The guys talk with McLeod’s CEO Tom McLeod, VP of Ops David Custred, CFO Kasey Burleson, Chief InfoSec Officer Ben Barnes, and Buddy Moore Trucking’s CFO Susan Moore Kirkpatrick.
Results were better than expected, and the company points to a forecast of improving supply-demand balance in container shipping.
The FMCSA is seeking public input on a pilot program that would allow 18- to 20-year-olds to operate commercial motor vehicles in interstate commerce.
Rail market expert Jim Blaze discusses how FreightWaves SONAR can help determine how best to ship freight.
The five-year labor agreement was approved by Teamster-represented workers on May 3 but went into effect Tuesday after the final supplement contract was approved.
Amazon has broken ground on its Kentucky air hub, which will bring 2,000 jobs and up to 100 planes to the area.
Shiju Zacharia is promoted, Heinrich Hiesinger is elected and Simone Menne and Stefan Schulte are reappointed.
The legislation would establish the Freight Transportation Infrastructure Trust that would distribute the funds through a formula and competitive programs.
While the port’s focus is on containerized cargo, it says handling aggregate could provide a steady, divergent revenue stream.
Modular logistics outsourcing solution heralded as “market-changing service.”
The House Appropriations Committee’s FY2020 Energy and Water Development and Related Agencies funding bill also would increase HMTF projects by $147 million.
The companies participating “will utilize the experience gained from this operation to accelerate commercialization.”
The Korean carrier has reduced its operating loss and prepared for IMO 2020 but is still concerned about a global economic slowdown, Brexit and the U.S.-China trade conflict.
Among the topics to be taken up by this week’s meeting of ocean shipping’s international regulator will be how the industry can lower its carbon dioxide output. One increasingly talked-about […]
Singapore-headquartered liquefied petroleum gas and petrochemicals ocean carrier, Epic Gas (OB:EPIC-ME) today announced minimal losses of US$300,000 in the first quarter of 2019. That’s an improvement of 89 percent, which represents a U$2.4 million uptick from the losses recorded in the first quarter of 2018.
NYSE-listed Diamond S Shipping brings an experienced management team back into the public arena.
Yang Ming Marine Transport (TSE: 2609) narrowed its first quarter 2019 loss thanks to higher volumes of container shipments. The Taiwanese liner operator reported first quarter revenue of $1.14 billion, […]
Beth Pride of BPE Global and Melissa Harrington of Descartes will discuss how companies can keep pace with customs compliance, tariffs, sanctions and more.
David Chiang appointed as bunker risk manager, Matthew Garner hired as assistant vice president of ship design and Eric Sabo named head of business development.
Danaos CEO does not believe trade dispute will cut box-ship ton-mile demand.
A consortium to improve the technology used in container shipping just got larger with the addition of several big names in the liner business. The Digital Container Shipping Association (DCSA) […]
Waterways Council Inc. President and CEO Mike Toohey says “the Corps of Engineers-maintained lock system would qualify for Social Security if there were such eligibility.”
Commissioners voted 7-0 in favor of continuing negotiations with the Oakland Athletics for the lease of Howard Terminal as the site for a new baseball stadium.
A pilot program would allow 18- to 20-year-olds to operate commercial motor vehicles in interstate commerce.
Good day, Truck makers have been insisting that medium-duty truck owners are starting to look for the same type of data analytics and remote diagnostic capabilities that long-haul operators have […]
“With 90% of Americans living within 10 miles of a Walmart store, we’re well positioned to offer even faster delivery to customers in the future.”
The definitive agreement came more than a year after Amber Road rejected a previous offer by the Austin,Texas-based supply chain software firm.
The company’s Eagle Express X service will offer carriage of container cargo from Asia to Honolulu on alternate weeks.
The countdown for bringing Chinese goods into the U.S. ahead of new import duties is now underway. But it’s unclear whether the sequel will match last year’s container crush due […]
Specialist liquid-gas ocean carrier Navigator Gas evidently had a faulty compass in the first quarter of 2019 as it reported a $3.3m loss. The company attributed its results to geopolitical issues along with a variety of one-off incidents around the world. Together they tended to cause an oversupply of ships and a softening of rates in its niche-sector.
The British Columbia port handled just over 1 million TEUs in 2018, but planners say it has potential capacity of 6 million to 7 million TEUs.
China’s new list more than doubles the tariff on LNG, but it’s the dry bulk stocks that are feeling the pain.
Shippers encouraged to make alternative plans now for the millions of tons of commodities that typically move on the Illinois River.
Soybean farmers along the Mississippi River have dealt with historic flooding this year.
Yuri Freedman is elected to board, Kalliope Economou is hired and Ginger Adamiak and Yesica Gloria Marrufo have new roles.
In its first full quarter since repurchasing its spin-off, Navios Acquisition moved to lower its fleet age.
One-way ship and two-way barge traffic was restored Sunday in the wake of the collision that spilled about 9,000 barrels of gasoline blend stock into the waterway.
Delegates at the International Maritime Organization’s meeting on the marine environment have started their week long meeting that includes discussions on the implementation of the IMO 2020 sulfur cap, with […]
Reducing greenhouse gases is a key agenda item as the Marine Environment Protection Committee meets this week in London.
The purchase has an up-front consideration of $21 million with a maximum potential performance-based earn-out of $9 million.
Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.
Australian integrated logistics provider Qube (ASX:QUB) has acquired Brisbane-based crane-hire provider, mining-related logistics services provider and truck-operator LCR Group for A$135 million (US$94.14 million).
Collision causing delays at major U.S. export shipping route
Shipping’s ‘trade war’ equation is not measured in tons at sea, it’s measured in tons times miles at sea.
U.S. lawmakers weigh Arctic “St. Lawrence Seaway”
Vote by International Longshore and Warehouse Union Canada members ups the ante in contract talks by raising the prospect of a disruption at Canada’s largest port, Vancouver.
