The International Transport Forum says its “views are grounded in data, evidence and economic research with the objective to foster efficient transport solutions that serve citizens.”
U.S. maritime’s economic contributions may be at risk if Chinese tariffs remain in place.
Sen. Wicker and Rep. Garamendi plan to reintroduce a bill to guarantee fixed percentages of all LNG and crude oil travel on U.S.-built, crewed and flagged vessels.
According to data released Tuesday by the Bureau of Transportation Statistics, the total value of U.S.-North American freight flows increased 7.8 percent to $1.23 trillion.
OOIL and Yang Ming see better revenue growth, but bottom line results diverge as finance and fuel costs hit results.
OOIL reported a profit attributable to equity holders of $108.2 million in 2018 compared to $137.7 million the previous year despite higher operating profits and revenues.
Port authorities want European Union leaders to better recognize “cross-border connectivity” that seaports project across the continent.
The 16,500-square-meter facility is located within a three-mile radius of all six container ports at Busan New Port and less than 10 miles from Gimhae International Airport.
Although it’s still early yet, there are indications that Cyclone Veronica may have adversely affected freight infrastructure along Australia’s north west coast – where some of the world’s largest iron ore export ports are located.
The Turkish port operator is one of the finalists trying to become the operator of one of the largest and most automated terminals in the U.S.
It was largely a further slide down the slippery slope for the Shanghai Shipping Exchange’s China Containerized Freight Index, week ending March 22. Rates on nearly all seaborne containerized routes were down compared to the week before. Rates were also largely down on the benchmark containerized routes as compiled by Drewry Maritime Advisors.
The fifth-largest container carrier wants to be “number one for quality” and increase digital initiatives.
John Garamendi (D-CA) asserted energy exports are tied to US shipbuilding and national security.
Changing trading patterns have seen volumes at the port of Gioia Tauro decline. Its only remaining customer, MSC, is expected to successfully conclude more than two years of talks to acquire the facility in the coming weeks.
In partnership with Dutch multinationals, Maersk will test the second-generation biofuels on the 18,000-TEU Mette Maersk, which will sail 25,000 nautical miles.
CEO Rodolphe Saadé said the shipping line is reinforcing its efforts to “develop ever more efficient and environmentally friendly vessels.”
Container carrier trade association says an OECD International Transport Forum report should be disregarded by European regulators looking at shipping regulation.
World’s biggest shipping line trials a backhaul voyage with biofuel in a bid to get jump on 2050 target for shipping industry to go zero carbon.
The blaze broke out at Intercontinental Terminals’ bulk liquid storage facility in La Porte on March 17.
Taiwanese carrier says results were “significantly impacted” by fuel prices and that it is “cautiously conservative” on its outlook for 2019.
The purchase of the South African freight forwarding and logistics company is Rhenus’ fifth acquisition since November.
All ocean shipping, port and cargo operations remain shut at the world’s two largest dry bulk ports, Hedland and Dampier, owing to the passage of Severe Tropical Cyclone Veronica. Major liquefied natural gas export facilities along the north western Australian coast have also suspended operations. It’s the fourth consecutive day of suspended operations as Cyclone Veronica is moving very slowly. But there could be weeks of delay if Veronica soaks the landscape.
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the Office of Transportation Intermediaries.
Elected officials and industry leaders announced the growth Friday at events in Jacksonville and Tampa.
World Shipping Council reigns in predictions of severe price spikes resulting from low-sulfur fuel regulation.
Dry bulk shipping around the northern coasts of Australia has been suspended, ports have been cleared of ships and land side operations have stopped owing to highly unusual circumstances – two very large, very strong, cyclones, Veronica and Trevor, are about to hit Australia near-simultaneously.
Liner operator looks to better service offering for growth and sees slightly better supply-demand balance for 2019.
Details of the new deal will not be released until they are reviewed at a two-person meeting, but it will succeed the current agreement set to expire March 31.
The harbor commission delays a vote on permitting APM Terminals to automate its Pier 400 container terminal during a hearing that drew more than 2,000 people.
Dry bulk shipping around the northern coasts of Australia has been suspended, ports have been cleared of ships and land side operations have stopped owing to highly unusual circumstances – two very large, very strong, cyclones, Veronica and Trevor, are about to hit Australia near-simultaneously.
With widespread adoption and government backing, hydrogen fuel cells could be an economically viable alternative to bunker fuel in the maritime industry, especially after the IMO sulfur cap regulation kicks in by 2020.
This C suite move follows news that Robert Biesterfeld will take the reins as CEO in May.
Treasury continues to expose ways that shipping companies evade U.S. and U.N. sanctions to handle exports and imports for the North Korean government’s financial benefit.
Two industry leaders spoke Thursday about ways shippers can become more efficient and create positive relationships with carriers during an American Shipper webinar.
28-day cooling off period now in works after contentious debate about automation; Union reminds officials that ‘robots do not pay taxes.’
Mike McClendon will lead Lineage Europe, and Tim Isik will direct cargo sales in Europe, the Middle East and Africa.
The South Korean shipping company will share the cost of installing scrubbers on its ships with the government and suppliers of equipment and fuel.
Members of the ATA and OOIDA had differing views of the article published by the Bureau of Labor Statistics.
The shipping line carried a record number of containers and has entered into a cooperation agreement with Maersk and MSC on several trades it says will reduce costs.
The workforces of both companies will be integrated after the sale closes, which is expected in the coming weeks.
“What shippers most need to know — are desperate to know — is when their cargo is actually available for pickup,” FMC Commissioner Rebecca Dye said.
NYSHEX looks to bring in other trade lanes to its platform while Freightos sees ocean shipping outmatching other modes in digital drive.
The ITS MARAD study found off-site staging areas with autonomous shuttles or virtual gates offer ports the best benefit-cost ratios.
The California Trucking Association is continuing to challenge a California Supreme Court decision that it says amounts to an “essential outright ban on independent contracting.”
Three women — an engineer, geologist and accountant — are tapped for new roles.
Industry lobbyists and research group present opposing views on whether the alliance structure of ocean carriers has worked.
The ITF and WSC issue reports to support their competing views as European regulators weigh extending antitrust protection for vessel-sharing arrangements.
The executive director of Washington state’s Port of Grays Harbor will be installed as chairman for a one-year term in October.
The report found the nation’s seaports’ contributions to the economy have increased since the previous nationwide report published in 2014.
A year after the launch of an electronic truck reservation system, truck turn times at the Virginia International Gateway terminal are down about 32 percent.
Industry leaders will address “Navigating a Carrier’s Market: Becoming a Shipper of Choice” at 2 p.m. EDT.
The $27 million transaction, which is expected to close in April, will help the Tennessee-based company expand its final-mile delivery services.
Will merchants turn their international supply chain data over to Amazon?
Shareholder stub offered one last chance to take CMA CGM’s offer before eventual squeeze out and delisting of Ceva shares.
World Shipping Council CEO John Butler says breakthroughs will be needed to reduce greenhouse gas emissions.
Maersk, which has been reducing its holdings in Total over the past year, says it sold shares worth about $1 billion.
Bendix is now making its advanced safety systems available for retrofit for models where it was not factory-installed. Plus, U.S. finds little support for postal rate changes, detention time increasing and air cargo boom may be over.
Rodolphe Saadé, CEO of CMA CGM, is expected to be elected as chairman of CEVA during annual meeting in April.
NFI Industries will use the acquisition of the Seattle-based firm to expand its non-asset intermodal services, especially in refrigerated transport.
“A stalwart leader within the American Association of Port Authorities” passed away Saturday following a battle with pancreatic cancer.
A World Shipping Council study outlines benefits of vessel-sharing agreements as European regulators study whether to extend antitrust protections past April 2020.
Slow steaming is potential way for ocean carriers to meet higher costs of IMO 2020, but it carries risk of further service degradation.
The acquisition of Poland’s largest container terminal is worth more than $1.1 billion, according to The Wall Street Journal.
The 11,000-TEU Cape Sounio, operated by ZIM on a service offered by the 2M alliance, arrived Monday after transiting the Panama Canal.
Severe flooding hits home and causes two deaths in the region, but freight impact limited to major bulk commodities.
Drewry says container carriers may try to mitigate the rising cost of fuel by slowing ship speeds and relying more on feeder ships.
The German logistics services provider made the purchase to help establish its network in Canada.
China is the number one country for emerging logistics opportunities in 2019, according to the latest annual Agility Logistics Index, which surveys over 500 logistics professionals. The country also takes the top spot both for domestic and international emerging markets logistics opportunities. India was in second place. Countries in the Middle East and South East Asia showed strongly too.
Following the loss of Grande America on 12 March a 10km long oil slick from the ship’s bunker fuel threatens to pollute parts of the French coast, while cargo owners count the cost of the destruction of their freight.
Rates from Asia to the U.S. East Coast have fallen since the fourth quarter of 2018, and there are “several signs of slowing world trade.”
The ships will replace older ships and be used in the intra-Asia trade by Sealand, which operates feeder ships for Maersk.
Fuel pumping operations could begin Friday or Satuday, said France’s minister of ecology, but the maritime prefecture said there is a risk of coastal pollution from the spill.
U.K. Freight Transport Association doubles down on advice to members to plan for a worst-case scenario.
High winds were a contributing factor to the Wednesday morning incident in which about two dozen railcars fell from a trestle onto a river bed.
French container carrier increases ownership of Swiss logistics company after monthlong tender offer.
International terminal mega-operator, DP World, has announced a solid set of results for 2018. Revenues, earnings before interest taxation depreciation and amortization (EBITDA), and net profit all substantially increased last year compared to 2017. Acquisitions and increased box volumes drove revenues and profits. DP World has announced investment plans for 2019.
All four crew members of the Michelle Anne safely escaped Thursday, but a Coast Guard incident management team confirmed a oil sheen in the water.
An inland port in Georgia can be in the works for automaker.
Pennsylvania-headquartered 3PL has grown operations from Atlanta to Southern California and wants to accelerate growth.
Funding plan keeps Charleston and Savannah on course to handle larger container ships.
A CEO is named for Europe, and a vice president for labor relations is appointed.
The 430-acre Logistics Center Hudson, located northeast of downtown Denver, is part of BNSF Railway’s $65 million investment in Colorado this year.
V.Group, a prominent global marine and offshore vessel management and support services provider based in London, appointed Steve Holland as a non-executive director on March 13, the latest in a series of significant changes at the company.
The Grimaldi Group ship was carrying about 2,200 tons of heavy fuel oil when it sank Tuesday in the Bay of Biscay.
Terminals moving out backlogs of containers and improving turn times; outbound freight demand still strong as drayage remains tight.
The Florida Ports Caucus met Tuesday to discuss the priorities and needs of the state’s ports.
Gimaldi, the owner of the Grande America which caught fire and sank off the coast of France this week, has confirmed that the fire started in a cargo container. The third such fire in the last three months.
France’s Maritime Prefect of the Atlantic reportedly said Wednesday the sunken Grimaldi Group-owned ConRo ship was carrying 365 containers and more than 2,000 vehicles.
Lower labor costs make other countries alluring, but China’s transport infrastructure and container services make it hard to beat.
Appointments also announced by ClassNK, OmniTRAX, Transflo, Symphony RetailAI, Wallenius Wilhelmsen Solutions and Grote Industries.
City’s construction boom helped fuel influx of steel to Canadian inland port.
Volumes continue to remain strong even during seasonal slow patch and trucking capacity still remains tight in the region.
The legislation introduced Tuesday by a bipartisan group would reauthorize the act through 2024 at current funding levels.
International oil major BP has announced that it will retail a new very low sulfur fuel oil following successful sea trials, however, it has not released a date when sales will begin. The fuel will have a maximum sulfur content of 0.5 percent and will be sold by BP around the world. BP is one of several refiners, such as Shell and Sinopec, that are offering or are researching low-sulfur fuel.
The Grimaldi vessel Grande America caught fire on 10 March and sank on 12 March after a cargo fire. on deck spread to other containers. All the crew and passengers were rescued.
Trump’s budget bodes well for certain freight grants but Democrats take issue with reliance on the private sector.
The oil, developed by GoodFuels and derived from used cooking oil and forest residues, does not contain sulfur oxide or require engine modifications.
Panelists discussed current market data and how the TCA educates its members to operationalize data in their businesses.
Volvo has started testing connected vehicle technology in California, plus Michigan governor pitches fuel tax hike, California legislator wants to phase out diesel engines and Alibaba buys into delivery company.
All 27 people on the ConRo vessel owned and operated by the Italian Grimaldi Group abandoned ship early Monday morning and were rescued by the Royal Navy frigate HMS Argyll.
