Sluggish demand is capping shipping lines’ income. In response, at least one carrier is reportedly moving to limit losses on legacy charters.
These new API offers from p44 represent the next step in supply chain connectivity, paving the way to a more transparent and collaborative future.
Houston saw lower container traffic in May, while freight flows rose in New Orleans and Corpus Christi, Texas.
Declining demand for Chinese exports and reduced stimulus options threaten bulk commodity import prospects.
The Wagner mutiny is drawing attention to what happens after the war in Ukraine ends. When it does, shipping will see major changes.
The Port of Cleveland thinks it has the capabilities to grow its footprint.
Concerns over highly dilutive share offerings by microcap shipowners have been building for years. The debate just intensified.
Trans-Pacific spot shipping rates remain under pressure, slumping back again as U.S. import demand comes up short.
The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand.
Data shows that some ships are still delayed after a tentative West Coast port labor agreement was reached this week.
Common misconceptions around data quality and connectivity stand in the way of maximizing value from visibility solutions and improving overall supply chain performance.
The U.S. supply chain has dodged a bullet. A new dockworker labor deal will keep the peace at West Coast ports.
Demand for global supply chain visibility tools is forecast to hit $39B by 2028.
“Patience is wearing thin. Neither side imagined it would take this long,” says the head of the Port of LA on dockworker contract talks.
Mainstream European tanker owners that are willing to load Russian oil are far outperforming the broader market.
Descartes MacroPoint’s ocean visibility product brings data together in an accessible way that previously was not possible, providing transparency into data and locations during the whole ocean shipping process.
This year’s peak season could see West Coast labor disruptions coincide with Panama Canal water levels impeding cargo flows to the East Coast.
Dockworkers who keep West Coast cargo flowing are highly paid. Their bid for even higher pay is starting to affect the cargo flow.
The Mexican government is offering incentives to attract investors to the Isthmus of Tehuantepec global trade hub project.
Demand remains tepid, yet shipping lines have pushed spot rates off the bottom and secured contract rates above spot levels.
The dockworkers’ union and terminal employers are still sparring over wages and benefits more than a year after contract talks began.
This week in Borderlands: Texas seaport completes a $146 million container terminal expansion; a chemical logistics provider expands its Arizona operations; Bollore Logistics opens a supply chain facility in Mexico; and border agents seize $38 million worth of meth hidden in a kale shipment.
Five years after bringing dry bulk freight futures to the masses, Breakwave makes a splash in tanker investing.
Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills.
Union Pacific’s expanded service allows ocean carriers and BCOs to utilize on-dock rail at the Barbours Cut Container Terminal at Port Houston.
Despite a slow Memorial Day start, summer demand is expected to hike tanker rates in the months ahead.
The Port of Corpus Christi has named Kent Britton interim CEO to lead the South Texas port until a permanent chief executive is found.
Canadian Pacific Kansas City is adding 1,000 refrigerated intermodal containers to its Mexico railroad business.
Container volume at ports in Houston and New Orleans fell in April, while Corpus Christi was bolstered by crude oil exports.
Not all cargo markets are back to pre-COVID “normal.” Container shipping rates to South America remain elevated.
Large liquefied petroleum gas tankers are riding high on rising U.S. exports and higher Chinese import demand.
More signs are surfacing that the second half of the year won’t be a panacea to the international freight recession. Seko Logistics says there won’t be a surge in orders that fuels transportation spending.
Bed Bath & Beyond “failed to manage its own supply chain” and “exacerbated the bottlenecks faced by other shippers,” alleges OOCL.
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
Trans-Pacific spot rates have pared earlier gains and remain at loss-making levels. Demand has yet to rebound.
An annual survey from Descartes shows how brokers and forwarders are adjusting to the downside of the cycle.
Port CEO’s resignation came a day after a story aired on a local TV station about his alleged excessive expenditures.
Europe faced a potentially disastrous energy shortage after war broke out. LNG shipping played a vital role in limiting the fallout.
Outsize profits are still flowing to companies like Danaos and Costamare that lease ships to container lines.
The container shipping party is over — that’s old news. Yet headlines continue to focus on comparisons to the peak.
It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone.
A group representing the nation’s largest container ports contends lawmakers are misleading the public with a bill targeting Chinese-made container cranes.
The CEO of shipping line Hapag-Lloyd argues that current freight rates are unsustainable and will correct upward over time.
Is the sharp decline in shipping stocks a canary in the coal mine or an opportunity for investors to buy the dip?
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
America’s imports are not signaling a recession, at least not yet. Inbound volumes are rising from the bottom.
The war has stoked fears of global shortfalls of wheat, corn and fertilizers, but the flexibility of shipping trades has limited the risk.
Shippers want Congress to expand FMC’s power over rail storage fees, but shipping lines say the power is already in the hands of the STB.
Inventory destocking is the biggest container shipping headwind, says Maersk. Its data shows no evidence of inventory pressures alleviating yet.
The softer markets in air and ocean freight are directly visible in Expeditors’ first-quarter earnings.
Maritime and logistics services company Crowley and Canadian railway CN have joined in a new service that will connect Canada, the Midwest and the Gulf Coast of Mexico.
The price of crude oil is now lower than it was when OPEC announced its latest cuts, fueling more concern on tanker demand.
Further downside risks to the U.S. economy make the odds of a rebound in containerized import volumes unlikely.
Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
Cargo flow fell slightly at ports in Houston and New Orleans in March but increased at the Port of Corpus Christi in South Texas.
The Biden administration has opened the first round of a $400 million, five-year grant program to clear truck pollution at seaports.
Tanker investors have been disappointed before. Is the current stock pullback a bump in the road or something more?
While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
Not to be outdone by CPKC, CN said it is partnering with Union Pacific and Grupo México to provide a new, cross-continent intermodal service that will seek more truck-to-rail conversions.
Legislation giving FMC more power over alliances is aimed at preventing anticompetitive container carrier agreements.
There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.
Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.
Biden’s labor secretary pick says she’s ready to step in if West Coast dockworkers and their employers cannot resolve their remaining issues.
Executive Director Mario Cordero says the Port of Long Beach is “ready for a rebound in retail.”
SC Ports’ Inland Port Dillon handled record rail moves in March, although volumes for the port authority overall were down year over year.
“We are starting to see ocean carriers systematically take geopolitical risk into consideration,” says Xeneta’s Erik Devetak.
Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
Shipco Transport pairs strong company values with deep expertise and broad coverage to deliver concrete results to its forwarder customers.
Small-package shippers should consider stepping outside the norm to modernize their logistics strategy by evaluating alternative carriers.
More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.
Many industries are enjoying high profits from historic inflation. The furniture industry isn’t one of them. Thank the supply chain crisis.
Triton International entered an agreement to be acquired for $13.3 billion by Brookfield Infrastructure Partners.
“Simply put, there’s no bigger priority right now than this contract agreement,” says Gene Seroka of the Port of Los Angeles.
Although import volumes show signs of a nascent recovery, the inventory overhang remains daunting.
First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.
After labor unrest closed Los Angeles and Long Beach on Friday, ports on the East and Gulf coasts look even more attractive.
Worsening China-U.S. relations underscore how pivotal geopolitics has become to global shipping and trade.
Transportation Secretary Pete Buttigieg has been lambasted for his performance. Supply chain insiders don’t entirely agree with the criticism.
American shipping magnate believed in efficiency and economies of scale in operating the world’s largest ships.
The Port of Virginia has plans to expand capacity at its inland port and at the Richmond Marine Terminal, while CSX has reached a sick leave agreement with another union group.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”
A plan to convert the Howard Terminal at the Port of Oakland to a baseball stadium has moved forward, but the project’s fate is far from certain.
AskWaves checks in on AAPA’s port industry panel for its take on ocean shipping’s short-term prospects.
Surging costs after Russia’s invasion of Ukraine could be a taste of things to come as shipping transitions to more expensive “green” fuels.
The lineup of shipping stocks is in flux. There are multiple new listings as well as notable departures.
Members of Congress discussed container carriers’ antitrust exemption, along with how to implement the Ocean Shipping Reform Act, on Tuesday.
A fifth of U.S. containerized imports come from Europe. Shipping on this route remains much more expensive than it used to be.
Container shipping just experienced a record boom. Some believe crude and product tankers are poised to follow suit.
Ports in Houston and New Orleans reported strong cargo container flows during February, boosted by exports of plastics and chemicals.
Shipowners say they won’t order expensive new dual-fuel tankers without charters. They’re not getting charters, so they’re not ordering.
Fees to register a business or file complaints at the Federal Maritime Commission will be significantly higher in 2023 to account for higher agency costs.
Although February volumes at SC Ports were down 13% year over year, they still represented the second-highest total for the month in port history.
Flexport projects trans-Pacific contract rates will decline around 70% from 2022 levels but still be around 30% above current spot rates.
Federal regulators have codified provisions of the Ocean Shipping Reform Act that may extract more compensation from ocean carriers for rule violations.
U.S. importers have forsaken their traditional gateway in Southern California. Many may be gone for good.
Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.
