More refiners make pledges to supply market for IMO-compliant fuel, but if those efforts fall short, diesel may be next best option.
ICS executive says “clouds of protectionism and slowing growth in key economies mean that the avoidance of over-ordering is now more important than ever.”
Terms of the deal were not disclosed, but the founder of the Idaho-based company and its existing management team will maintain a significant ownership in the company.
A federal indictment says fraudulent accounting practices between 2014 and 2017 resulted in a $245 million loss to shareholders.
Brisbane, Australia-based construction company Watpac has been contracted to provide design, engineering and construction services to EPIK, a South Korean liquefied natural gas (LNG) developer for the construction and placement of a floating storage regasification unit (FSRU) at the Port of Newcastle in New South Wales, Australia. Watpac is a subsidiary of Belgian multi-disciplinary engineering company, Besix.
Spanish logistics provider ChainGO Tech has joined the Blockchain in Transport Alliance. Read why the company joined the Alliance and what it hopes to achieve with its membership.
Head of its former energy business departs as almost all of the oil-related businesses are now separated from container ship giant.
Chairman makes mea culpa on previous energy bets as he pledges the focus will be making container shipping simple and easy.
Australia’s Competition and Consumer Commission (ACCC) has handed out a smack-down to the three main longshoremen companies in Australia, which were using their oligopoly market power to impose unfair terms on trucking companies. The stevedoring companies involved are DP World Australia, Hutchison Ports Australia and Victoria International Container Terminal.
DHL unit to enter a big auto supply chain business at Charleston.
Auto sales are declining, but the National Automobile Dealers Association still expects strong sales for 2019, plus the one area where Amazon is losing and opposition to Canada’s carbon tax grows.
The McCain Foods subsidiary said the acquisition of A&S Kinard and Buckler Transport will propel it into the top 10 North American suppliers of dedicated truck services.
Navis Smart will allow customers to take advantage of artificial intelligence and machine learning.
The two intra-European transport brands will operate under the Containerships brand.
As the 2018 import overhang lingers for a while, box ship rates may also suffer.
The airline plans to increase to a twice-weekly frequency at Rickenbacker International Airport, which moved more than 5,000 tons of cargo for the carrier in 2018.
The Arizona-headquartered freight broker has made nine acquisitions since January 2017.
The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.
Major Australian miners BHP and Rio Tinto have both revealed that they were adversely affected by the recent category four Cyclone Veronica and that they have suffered iron ore production losses.
Global mega-box port operator China Merchants Port Holdings recorded a 6 percent increase in its world box throughput in 2018 compared to the year before. The Hong Kong Stock Exchange-listed port operator revealed its throughput details while disclosing that it had generated revenues of HK$10.16 billion (US$1.29 billion) in its annual report.
Ports, logistics and finance conglomerate China Merchants Port Holdings announced a massive jump in operating revenues and a rise in profits for the year ended December 31, 2018. Hong Kong Stock Exchange-listed China Merchants, which operates box and bulk ports primarily in China but also around the world, reported revenues of HK$10.16 billion (US$1.29 billion). That’s a 16.9 percent increase on the previous calendar year’s figure of HK$8.7 billion.
The sale of Gioia Tauro, the last remaining major transhipment hub to be operated by an independent terminal company in the Mediterranean, has been agreed today and is now subject to regulatory approval.
OOIL fleet boosts Cosco’s volumes and revenue, but rates were stagnant and high finance costs push profit lower.
Online retailer and supply chain services provider is expected to increase its ownership in Atlas Air and ATSG, with stock offerings that accompany additional plane leases.
DSV will acquire Panalpina in an all-stock deal to create the world’s fourth-largest freight forwarder.
EIA still sees no uniform international policy on how the IMO 2020 regulation will be enforced.
Shipowners and marine insurers are asked to look at vessel locator data to avoid sanctions fines.
Lack of buyer interest means offshore support vessel service will remain on Maersk’s books for foreseeable future.
Maersk appoints longtime employee Doug Morgante as VP of North American government relations; Marc Papenhoff joins InstaFreight as director of business development.
The German liner carrier is still assessing the cause of its containership’s punctured hull at the Global Marine New York Container Terminal.
Complaining about service quality, the shipper group says the current regulation that allows vessel sharing “does not fulfill its own objective” and should be amended or repealed.
Funds will be used to repay debt and for capital expenditures, mainly on vessels.
One of the biggest terminals on the west coast is showing better results after multi-year automation project as final auction nears.
The Coast Guard will require ships arriving from ports in the Seychelles to include an additional layer of security during their time in U.S. ports.
A major iron ore export port with 185 million tons iron ore capacity on Australia’s north west coast has been absolutely clobbered by the recent category four Cyclone Veronica, FreightWaves can exclusively reveal. Port Walcott’s operational ability is down by nearly 90 percent. Rio Tinto has declared force majeure to its customers. Major miner, Rio Tinto, which operates the port, is mostly staying silent. Dry bulk freight rates are likely to be hit, dry bulk sources say.
The 23,000-TEU ships, which are being built at Daewoo Shipbuilding and Marine Engineering, are among the 20-ship order made by HMM last year.
The surge in imports as shippers “pulled forward” cargo in December is reverberating into this year and has set a high bar that will be hard to match in late […]
The moves include a new vice president of customer care, chief transportation officer, acting chief executive and port director, board chairman, and global head of ocean procurement and tradelane management.
Sen. Susan Collins criticizes the president’s Transportation Department budget for offering “no path forward after the FAST Act expires.”
Italy’s buy-in on major project boost China’s place in world maritime trade, but Western powers decry what some call ‘vanity project.’
Washington insiders say maritime cyber attacks in the U.S. and around the world lack attention and funding.
CEO Frank McGuigan promises “a collaborative, high-tech workspace that attracts high-potential talent and is a place where employees can thrive.”
Scott Parker will succeed Art Garcia, who is retiring at the end of April.
TransX’s business includes truckload, LTL, intermodal, warehousing and freight forwarding, will continue to be based in Winnipeg, Manitoba, and operate independently.
The South Korean liner carrier’s announcement does not mention former leader C.K. Yoo, who told employees he was resigning in February.
Hapag-Lloyd is still working on a solution to transship the damaged containers to customers.
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.
