Maritime

All three grew fourth-quarter revenue by at least 6 percent compared to 2017, but net income dipped.

The new assessment increased by more than 50 to at least 345 containers lost from the early January incident in the North Sea.

All-in rates on the way out as new surcharge formulas on the way in as ocean carriers work on ways to share cost burden with customers.

Industry veterans are promoted and board members are selected.

The U.S. Federal Maritime Commission has adjusted its civil penalty amounts to account for inflation, as required annually by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act.

LNG shipments to Puerto Rico caught in the middle of latest battle over the Jones Act maritime regulation.

Rail operator Aurizon has completed the sale of its Queensland Intermodal Business to privately owned Australian logistics company Linfox. The Queensland Intermodal Business delivers general cargo for more than 300 customers across the state and includes a wide variety of freight including groceries, white goods and general goods.  

Maritime 2050 is the United Kingdom’s flagship maritime policy that Transport Minister Chris Grayling hopes will launch Brtish industry into a leadership role in shipping. However, the policy is short on specifics and there is no development money.

Drewry says carriers will focus on making sure they can recover higher fuel costs.

The European Commission cites competition concerns for blocking the proposed deal on Wednesday.

Georgia lays out the welcome mat for the largest containership with new gear; Maersk CEO looks to land for next deals.

Captain Peter will be integrated into the remote container management platform during the first half of the year.

VesselsValue says China still has the most valuable container fleet despite also seeing the largest drop in worth.

The funding increases the Chicago-based startup’s total capital raised to $100.5 million and comes less than a year after it gained $35 million in backing.

Vessel discharge of the Ever Summit, which struck a crane on Jan. 28, is expected to be completed by Thursday morning.

The Port of Cork is developing a new state-of-the-art container terminal, which is expected to be open for business in 2020, 10 kilometers downstream, leaving the old Tivoli port area available for urban regeneration.

The port authority says the project proposed by Fraser Surrey Docks failed to show substantial progress on construction had been made by Nov. 30, one of 83 conditions.

Record-breaking year also showed strains in supply chains as busiest U.S. East Coast port.

The Class I railroad says it has seen an increase in efficiency and improvement in quality of customer service since implementing scheduled railroading.

The containership’s 16 sister vessels also are technically prepared for retrofitting.

Australia’s busiest box port, the Port of Melbourne, broke the three million mark in handling twenty-foot-equivalent unit (TEU) shipping containers in the last calendar year. It is likely the first time that any port anywhere in Australia has handled three million TEU in any twelve month period whether that’s on a running month, financial year, or calendar year basis.

An industrial dispute between the local longshoremen’s union, the Maritime Union of Australia (MUA), and stevedoring company, Hutchison Ports, is intensifying. A one day strike is now taking place.

It’s a growth story at Western Australia’s main container port, Fremantle Ports (Freo), with just under 10 percent growth of international shipping container traffic in the last calendar year. Stevedoring at the port is also up for tender.

Swiss foundation owning 46 percent of Panalpina does not support offer from Denmark’s DSV.

Shipping line’s executive vice president of trade says U.S. trucking and rising ship fuel expenses are other concerns.

The investments could facilitate new trade lanes despite looming economic uncertainty.

A Hapag-Lloyd ship that caught fire early in January is now moored off Freeport, Bahamas.

Uncertainty over whether refineries are doing enough to plan for marine fuel switch pushes up premium for low-sulfur product.

Volumes tapered off in the fourth quarter, growing 4.2 percent year-over-year.

Upheaval caused by the U.S.-China trade war has some freight interests uneasy about giving Trump more tariff power.

Five-year high in growth seen last year thanks to tariff front-loading and tight truck supply, but shippers likely to put brakes on growth this year.

It was only one trade and the comparisons to diesel prices are less than perfect. But there now is an actual transaction that reflects a value for now of what fuel might do under IMO2020.

New container service provides Florida greater and cheaper access to Asia’s exporters; start-up aims to reduce per-diem fees on containers.

Korea Development Bank is taking steps to merge Daewoo Shipbuilding and Hyundai Heavy Industries, but says Samsung may bid.

Containerships remain the top vessel, but the canal has seen an increase in LPG and LNG carriers since the expansion opened in June 2016.

Class 1 railroad warns of slowdown in shipments through major intermodal hubs as tracks crack under severe cold.

In partnership with Reliance Partners …When incurring demurrage and detention charges, shippers and carriers lose out on hundreds of dollars per diem. Optimizing drayage operations and dispatching cargo as quickly as possible could help in reducing the burden, especially during unanticipated port delays.

It’s Northern California versus Southern California traffic as port displays turn times; Brexiting remains bad for business, shipowners warn.

The joint venture of Japan’s three largest shipping companies said it benefited from the rush to get cargo into the U.S. ahead of threatened tariff increase.

A new CEO steps in and a president is tapped to deepen relationships in the energy sector.

New Zealand’s Ports of Auckland has been conditionally granted funds to buy hydrogen fuel cell vehicles as part of a wider project to build a hydrogen fuel production plant. That second project, in turn, is part of a bigger project to transform New Zealand into an electricity-powered economy.

Additional pipeline capacity from West Texas means filling bigger ships with crude oil; New Zealand steering away from carbon economy.

Railway officials discussed plans to grow intermodal cargo and develop the Nova Scotia port during this week’s earnings call.

Technology developments are aiding ports, but business models also need to evolve.

Port handled 9.5 million TEUs in 2018 and believes technology can help solve “persistent systemic problems.”

Three company veterans are promoted and a logistics specialist is named chairman of the board.

Class 1 railroads may have to shorten train lengths and reduce speeds to cope with cold, while drayage supply will also be tight.

Dam collapse could pinch amount of ore heading to water; container crane falls on ship in Canada; Australian port tries to go clean.

Shippers in the transpacific trade should consider moving more of their cargo under contract rates and look at joining a shippers association or buying group because of the trade war […]

No injuries were reported in the incident, which occurred early Monday morning, but both the crane and Evergreen ship sustained damage.

IPS Worldwide bankruptcy filing is another critical reminder that shippers need to better manage their accounts payable.

One of the world’s largest coal export ports, the Port of Newcastle in New South Wales, Australia, has announced it is committing to the EcoPorts global environmental and sustainability standards.

The roughly U.S. $250 million purchase of the Toronto-based business is expected to close in February.

Appointments announced by CMA CGM Group, Columbia Shipmanagement, Sandler, Travis & Rosenberg and U.S. Chamber of Commerce.

Experts said that lashing failures were the most likely cause of the container stack failures when the MSC Zoe lost around 280 containers in a storm on 2 January this year. But MSC maintains that accident investigations are continuing.

Swiss freight forwarder says 2021 strategic plan should make Ceva worth more as independent company.

CEVA’s board says the offer is friendly but shareholders may do better if they hold onto their shares.

Transpacific revenues up 26 percent in fourth quarter of 2018 on 6.1 percent volume growth.

APM’s move to add automated box handling equipment at large terminal has dock workers concerned about job security.

IPS Worldwide’s bankruptcy filing leaves many shippers seeking to get their money back, in some cases in excess of tens of millions of dollars.

A former NTSB executive tells FreightWaves that “perishable information” critical to freight accident investigations is at risk of disappearing.

The ageing container feeder fleet is not being replaced at a fast enough rate. According to Vessels Value, nearly a quarter of the feeder fleet, 638 ships, are over 20 years old with only 222 currently on order and with more cargo and more large vessels arriving the demand is expected to increase.

The two newly sworn-in commissioners will fill four of the five available positions on the commission, which is charged with regulating liner shipping in U.S. trades.

Recovery work and damage assessment will be conducted at the Port of Freeport.

“The state of the port is busier, cleaner and safer than ever.”

Port’s growing base of automotive and other shippers needs better way to move freight as traffic woes mean Charleston is ‘not as quaint.‘

Hard commodity volumes were mixed, but intermodal and coal are better; pricing is the best in seven years.

Maritime 2050 Navigating the Future is the British Government’s new strategy to develop maritime services in the UK. However, there is no new money attached tot he strategy and the aim to become a world leader in digital technology is already trailing many other countries.

New technology is allowing operators on inland waterways to develop river trains that will transport cargo to and from European sea ports at significantly lower cost. The trains will digitally tethered to a lead vessel which will have an on-board crew.

Financial transactions within the U.S. maritime sector – including vessel loans and project eligibility – are on hold waiting for an end to the government shutdown.

Port plans new wharf for container-on-barge service that has been slow to take off elsewhere; container imports show big December jump.  

The Sturgis proved that a floating nuclear power plant was not only possible but practical and safe.

Carriers are being delayed at border crossings due to Customs and Border Protection’s inability to confirm online that annual user fee payments were made.

Port truck operators could potentially increase their wages by using a new service from NEXT that helps them run shorter runs and return to ports with empty containers. The company just secured $97 million in funding to help it expand.

Tight supply of labor, chassis, railcars, and space all contribute to port woes. Autonomous ships coming to Norway by next year. 

Freight volumes coming into U.S. remain high in January, but delays and congestions turn trips to major marine terminals into ‘madhouse.’

Autonomous shipping is moving faster than regulators can regulate with the expectation that the first fully autonomous container ship will start operations in Norwegian waters by 2020.

Increasing regulation in the shipping sector could see an increase in the cost of vessel operations, which ultimately could raise the cost of freight.

Heavy ice on the Great Lakes last spring got iron ore shipments off to a slow start and a steep dip in coal shipments contributed to lackluster year-end results.

TMS provider brings on chief technology officer; regional parcel carrier hires final-mile president and sales leader.

Top supply chain trends and Rhode Island collects more in toll revenue than it expected, plus the growing scooter logistics sector and more container checks.

Slowdown headed for U.S. import volumes as largest exporter sees economy weaken ahead of prolonged holiday.

More than 1 million TEUs will be delivered in 2019 and 2020, according to forecasts.

Many in the industry remain devoted to improving output of quality returns found in diesel.

Playing pass the parcel is fun when you’re a little kid. It’s less so when the parcel is a great big bill that you’re being stiffed with as a side effect of a fight between longshoremen and their employer.

The sun is setting on the Australian shipping register as ship operators abandon the local coastal trading regime. Ship operators are fleeing the flag following the 2012 reforms.

Relief is expected when volumes dip after Lunar New Year, which begins Feb. 5.

Since Maersk acquired Hamburg Süd in 2017, it is focusing on the container liner business.

Net earnings for 2018 totaled $490 million, down from $686 million in 2017.

$2 billion in capex over the next ten years will nearly double Savannah’s container traffic to 8 million TEUs annually.

The EIA becomes one of the first major forecasters to put a price per gallon estimate on what is going to happen to diesel prices when the new rule kicks in.

New power given to the Federal Maritime Commission to scrutinize the effects of ocean carrier competition has been put on hold by the government shutdown.

Surprise fees for practice that reduces congestion at ports and improves driver turns amounts to ‘dirty pool’ on part of the steamship lines.

Capacity additions set to have knock-on effect for trades into North America; Australia’s port strike to cause Pacific Rim ripples.

SpaceX’s lease on a 19-acre site at the port will end in February, while Cal Cartage will close its warehouse on an 85-acre site in July.

Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.

Rolling strikes by workers at the Hutchison Ports Australia box terminals in Sydney and Brisbane started at 6:00 a.m. (Australian Eastern Standard Time) yesterday January 17 and are causing logistics chaos.

 Container volumes remain strong, but delays mean fewer overall pickups; drivers also not pleased with new fees for flipping containers.

Set to launch in April, the network will involve the deployment of about 330 containerships with a carrying capacity of around 3.8 million TEUs across 38 services.