The Port of Montreal has received funding from Canada’s National Trade Corridors Fund to build a new terminal aimed at boosting the port’s container handling capacity.
The volume of Russian crude exports is growing and the price is rising, spurring the U.S. and its partners to begin sanctions enforcement.
Geopolitics has always been a key driver of global shipping markets. How could the war in Israel affect rates?
Peak season demand propelled imports higher in September, although softening spot rates point to a fourth-quarter slowdown.
Barge rates on the Mississippi stabilized in the past week and are still well below where they were a year ago.
On Friday, Unite the Union announced it registered a dispute over the increased medical standards on maritime pilots in the U.K.
Tanker giant Frontline is poised to dramatically expand its fleet, while Euronav is on a path to privatization.
Investors have been burned for years by dilutive share offerings by micro-cap shipowners. Backlash is building.
Investment firm Oaktree Capital Management has acquired Consolidated Chassis Management as the intermodal equipment provider becomes the sole manager of a new pool.
The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago.
Just when it looked like West Coast port labor drama had dissipated, the ILWU has filed for bankruptcy protection.
The U.S. government at the start of World War I looked to concrete vessel hulls to counter severe steel shortages when the country entered the war.
A flood of tanks, military vehicles and weapons systems is flowing from the U.S. to Europe. Shipowner ARC plays a pivotal transport role.
Seacor Holdings has sold its U.S. harbor towing operations to firms in Louisiana and Texas.
Cargo volumes were a mixed bag for Gulf Coast ports in August, with Corpus Christi and New Orleans reporting gains, while Houston saw a 20% decline in container shipments.
The Georgia Ports Authority reported a dip in August volumes at the Port of Savannah. But volume increases for rail traffic and roll-on/roll-off cargo were bright sports for GPA last month.
Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.
Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.
Barge rates for moving grain on the Mississippi have continued to rise as water levels remain low.
The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.
Although container volumes were down at the Port of Charleston year over year, South Carolina Ports’ Inland Port Greer saw record volumes in August.
Although the U.S. supply chain may no longer be imperiled by the pandemic-era chassis shortage, companies should still act in response to expectations that e-commerce and global trade will only continue to grow, according to the president and CEO of Trac Intermodal.
The supply chain crisis is over, but exporters are still paying more — and facing more logistical challenges — than they did before the pandemic.
Shipowner Grimaldi says a Jeep Wrangler used to push non-operating automobiles onto the vessel sparked the deadly fire.
The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.
The Panama Canal Authority on Tuesday suspended bookings for super vessels through Sept. 30 in its latest measure to remove a backlog waiting to traverse the canal.
Canadian railway CN and Norfolk Southern are partnering to create a domestic intermodal service that will connect Canadian customers with markets in the U.S. Southeast.
Now that supply chains are back to normal, the typical effects of seasonality have returned, bringing U.S. imports up.
The new service will provide a direct connection from the Port of Savannah to CSX’s intermodal terminal in Rocky Mount, North Carolina.
Fuel costs were overshadowed by skyrocketing freight rates amid the supply chain crisis. Now, fuel costs are much more important.
Kent Britton was named as CEO of the Port of Corpus Christi on Wednesday after the previous chief executive abruptly resigned in May.
Along with a six-year port agreement, President Biden is underscoring the role of UPS Teamsters and ocean shipping reform in boosting the U.S. economy.
This was supposed to be a banner year for crude tankers, but output cuts and the Russian price cap are keeping rates under pressure.
Have shipping stocks been a good bet? Here’s a look at their performance year to date and versus pre-COVID.
Barge rates on the Mississippi in St. Louis, a key port, have risen sharply due to low water levels on the river.
Today’s refrigeration systems in transportation are extremely sophisticated, rooted in a history that reaches back nearly 150 years.
Based on current port data compiled by American Shipper, the East Coast and Gulf ports are strongly favored over West Coast ports.
Persistent congestion and higher delays at the Panama Canal could lead to lasting changes in global LPG shipping flows.
With the Panama Canal drought expected to continue, now might be the time for shippers to seek alternatives.
Asia-U.S. spot shipping rates have pulled back after a strong run-up, implying peak season may have passed its peak.
The Florida Legislature is providing $30 million for two new ship-to-shore cranes that Jaxport says will let more cargo move efficiently through the Port of Jacksonville.
Florida’s ports and Eastern freight railroads are preparing for Tropical Storm Idalia’s arrival.
Supply chain disruptions could develop if the drought in Panama continues.
Houston and New Orleans reported increased monthly cargo during July, while Corpus Christi posted a rise in crude oil exports.
Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.
Panama’s drought poses a serious challenge to the country’s canal operations, but fallout to global trade remains limited.
Freight booking platform Freightos is working to reduce its cash burn as it continues to grow and add new products.
July volumes at the Port of Charleston and South Carolina Ports rose 12% from June and 3% year over year.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
Rail volumes to and from the Canadian ports of Vancouver and Prince Rupert are returning to normal after the 13-day strike in July, although capacity to catch up on the backlog appears limited for now, according to RailState’s analysis of its data.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?
Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.
Looking ahead, Taiwanese ocean carrier Yang Ming said that “the overall momentum for economic recovery over the next two years still appears relatively weak.”
Container volumes in July rose sequentially by 17% but were down by 16% year over year at the Port of Savannah, the Georgia Ports Authority said Thursday.
Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.
“Weaker demand and lower freight rates are having a very noticeable impact on our earnings,” said Hapag-Lloyd CEO Rolf Habben Jansen.
Containerized imports are rising seasonally, as expected. This year is on track to top pre-pandemic volumes by low single digits.
We are now in peak season and, as all logistics data has shown, it is not going to be stellar.
Expeditors had a second-quarter financial performance that might be expected from a company active in the air and ocean freight markets.
Cargo operations at a Texas border port were temporarily delayed Tuesday by an influx of migrants.
DOT and MarAd are moving on a new database aimed at preventing vessel collisions.
Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.
After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.
Mediterranean Shipping Co., the largest ocean carrier in the world, is expanding its fledgling air cargo airline with an acquisition.
Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.
The day after CEO Dave Bozeman’s first call with analysts, they weighed in on the company’s outlook.
Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.
Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.
Requiring container ship operators to file an export policy would be too costly — and unlawful as well, carriers tell regulators.
“It is extremely difficult to announce a reasonable business forecast at this time,” said ONE, citing container shipping market uncertainties.
Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
Cargo volumes were a mixed bag for Gulf Coast ports in June, with Houston reporting container declines, while crude oil shipments boosted Corpus Christi.
A decline in loaded import volumes pulled the Georgia Ports Authority’s overall 2023 volumes lower.
After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.
Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
Mediterranean Shipping Co. is part of a new breed of ocean carriers trying their hand as cargo airlines.
Shipowners have invested billions in the LNG fuel option in the belief that it will benefit regulatory compliance and the environment.
Fiscal year 2023 volumes tracked more with 2021 volumes than with 2022, which had experienced an unprecedented cargo boom, according to South Carolina Ports.
U.S. rail imports from Vancouver and Prince Rupert are imperiled again. ILWU Canada has rejected the proposed dockworkers contract.
Shipping stocks in sectors with high deliveries of new ships are doing better than those with low orderbooks.
The National Defense Authorization Act amendment is aimed at blocking China’s ability to monitor U.S. container flows.
Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises.
Now that the labor strike at Canada’s ports is over, it’s time to take a look at the delays it created.
The extended strike in western Canada was beginning to affect U.S. supply chains. Its resolution limits the fallout.
Sulfur pollution addressed by IMO 2020 created a health risk, but that pollution had a cooling effect, which has now been reduced.
The agreement should keep tanker and bulker orders in check, while increasing the risk of a future carbon tax on container shippers.
June volumes of containerized imports were higher than normal and the National Retail Federation predicts more gains ahead.
U.S. imports via Canadian ports face rising fallout as the war of words escalates between dockworkers and employers.
New Jersey container imports are unscathed “so far” but the port’s automobile trade faces fallout from the ongoing fire.
As the labor strike continues at the ports of Vancouver and Prince Rupert, Class I railroads are taking steps to ensure that their networks face minimal disruptions.
Two New Jersey firefighters died fighting a blaze aboard the Grimaldi car carrier Grande Costa d’Avorio at Port Newark on Wednesday night.
More than 7,400 dockworkers in Canada remain on strike Wednesday after labor contract negotiations with their employer have stalled.
More than 7,400 dockworkers have gone on strike in Canada, potentially causing disruptions at ports in Vancouver and Prince Rupert.
A new report is highlighting the contributions of seafarers and how these unsung heroes of the sea help boost gross domestic product.
