Maritime

The ports at Houston and Corpus Christi, Texas, continue to see monthly cargo growth from oil and steel shipments.

Executive Director Mario Cordero says the Port of Long Beach is “making great strides in reducing the number of ships queuing to enter the San Pedro Bay ports complex and quickly moving imports and empty containers out of the terminals.”

The great chassis squeeze in intermodal transport is not done yet, according to a panel of executives at the annual IANA meeting.

U.S. containerized imports are still near record highs, but not in Los Angeles, where they’ve fallen sharply.

China’s share of all trade growth will drop to 13% over the next five years from 26% over the past six years, a new report from DHL and NYU’s Stern School of Business predicts.

Senior executive says “strategic assets along the supply chain are a key part of Hapag-Lloyd’s Strategy 2023.”

“Right now, shipping companies around the world are looking at this and scratching their heads,” says sanctions expert Bruce Paulsen.

Labor actions are creating great uncertainty for rail shippers in the U.S. and for air and sea cargo in Europe.

Less than 6% of all truckload shipments in the U.S. are currently being rejected.

Tanker stocks are proving to be a shelter from the Wall Street storm as demand grows for ships that transport oil and natural gas.

The Georgia Ports Authority is on track to move a record-setting 6 million twenty-foot equivalent units this fiscal year.

Disaggregation, or a shift toward smaller, faster, more flexible forms of freight transport, can help decarbonize the freight industry, remove logistics bottlenecks and increase resilience of domestic supply chains.

Many of the pandemic-fueled headwinds that have plagued the logistics industry over the past two years are beginning to subside, but U.S. ports are still being slammed with more volume than they can handle on a daily basis.

Spot container rates for U.S.-bound cargoes are falling fast, yet import numbers at U.S. ports remain near their peak.

Shipping volumes are weakening in and out of China. Is this a temporary pullback or a sign of more serious trouble ahead?

Container and dry bulk shares soared last year, leaving tanker stocks behind. This pattern has now reversed.

A slowing eurozone may pull ocean container rates down further.

IMC Companies says its SmartStacks app increases driver productivity and eliminates unnecessary container lifts.

The Georgia Ports Authority says the Navis system “eliminates data silos, improves velocity across our terminals and enables us to more easily integrate with our customers to provide the data and insights they need.”

Container vessels are expected to use auxiliary engines while in port this week to help California’s struggling electric system cope with extreme heat.

The soybean associations say helping offset construction costs of AG Procressing’s terminal expansion at the Port of Grays Harbor will help soybean exporters in the long run.

If the U.S. curbed gasoline and diesel exports, tankers would sail longer distances to replace lost volumes — a plus for tanker earnings.

California’s container-ship traffic jam is almost gone, replaced by stubbornly high backlogs off the East and Gulf coasts.

The recovery of two sunken tugs in Tasmania was a big logistics and engineering undertaking.

Just two supertankers have been ordered in the past 14 months, raising the risk of a future shortfall in oil transport capacity.

The U.S. Justice Department on Thursday blew the whistle on the planned acquisition of a large container manufacturer by a Chinese company.

The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.

A severe typhoon is headed for the South China region, forcing airlines and ports to take precautions and adjust schedules.

The Mojave Inland Port could reduce congestion at the ports of Los Angeles and Long Beach.

Trucking companies want the FMC to require better container storage data from the ocean carriers to speed cargo flow at the Port of New York and New Jersey.

The cost of marine fuels is down sharply from the wartime peak, except for ‘clean’ LNG, which is getting even more expensive.

OOIL reports record revenue but has “legitimate concerns about the impact of inflation and interest rate rises on consumer spending.”

Spot rates on most global shipping routes continue to fall. The trans-Atlantic market is the exception: It’s holding firm near its high.

Ports in Houston, Corpus Christi, Texas, and Mobile, Alabama, continued to see increased cargo volume in July.

U.S. imports accelerated in July, with inbound cargo from China reaching a year-to-date high, according to Descartes.

July was a record month at the Port of Virginia. At SC Ports, July’s volumes were up from June as the Port of Charleston sought to improve port flows.

With East Coast ship queues high, port executive Gene Seroka says: “For cargo owners looking to rechart their course, come to Los Angeles.”

Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.

Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.

Inland port projects and rail cargo handling facilities are among the projects awarded grants through the Department of Transportation’s RAISE program.

The latest shipping company poised to delist has a market cap of $3.5 billion. The latest new entrant’s market cap is under $20 million.

Federal regulators are considering a congestion emergency order to require carriers to share cargo data with shippers, railroads and trucks.

In this issue: port protests hit Baltimore; Ford’s drone trucks; world’s largest container ship; and do delivery apps deliver to trucks?

Yang Ming summed up its second quarter and the first half of 2022 in about 150 words.

Hapag-Lloyd bookings point to a gradual unwind of the container shipping boom, not a crash.

South Korean ocean carrier HMM expects “downward pressure” on demand growth in the second half of 2022.

DOT officials are calling the start of data sharing among supply chain companies a ‘milestone’ event.

Tankers stocks are doing great. Dry bulk and container stocks temporarily stopped the bleeding. “Maxim stocks” still underperform.

Georgia Ports Authority kicks off the start of its new fiscal year with volumes at over a half million TEUs.

Port congestion and voyage cancellations by shipping lines are preventing a steeper slide in spot container freight rates.

The South Carolina cold chain facility opening next year will handle Port of Charleston imports and exports of proteins, fruits and vegetables.

It looks increasingly likely that war-driven changes to global crude flows will persist for an extended period.

Federal regulators are pressuring carriers at the Port of New York and New Jersey to compensate shippers and carriers for container storage.

NOAA Fisheries aims to reduce whale strikes on the East Coast of the United States with new vessel speed regulations.

Chinese military exercises in the Taiwan Strait will delay shipments. Further escalation could have dramatic supply chain effects.

FreightWaves chats with international trade attorney Ashley Craig about what the troubles in labor talks for both rail and maritime mean for the broader supply chain.

Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.

The Democrats’ inflation bill pares down ‘Build Back Better’ but includes $3 billion to help ports and terminals cut pollution.

Air and ocean freight company saw its volumes slump but managed to be more profitable as it held the line on expenses.

The drop in ships waiting off Southern California is deceiving. The number of ships off all three coasts is back to all-time highs.

The new rail hub is designed to respond to a growing need to expand domestic intermodal capacity within the greater Seattle region.

Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.

UAE-headquartered port operator Gulftainer says it has turned a “poorly performing past two years into a significantly positive first half of 2022.”

Container, crude oil and petroleum shipments rose as ports in Houston and Corpus Christi recorded strong freight volumes in June.

Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.

A top regulator says more staff is needed to properly carry out new ocean carrier reforms signed into law by President Joe Biden.

Consumer demand, vessel diversions and efforts to avoid congested West Coast ports drove the Georgia Ports Authority to break its record for annual volumes.

Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.

Kuehne + Nagel continued profit growth in Q2 by charging customers more for extra service to keep supply chains fluid.

CPC Logistics and NASCAR honor drivers; how to intern at a port; what insurance says about the trucking market; biofuels and more on demand on WTT

As truckers protest for the fifth day, workers at the Port of Oakland have been busy setting up orange barricades at all four of the marine terminals in case demonstrations over controversial state law AB5 spill over into next week.

Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.

Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.

Port of Oakland officials are imploring truckers to end their protest over AB5 as the independent contractors prepare to block the terminals for the fourth day on Thursday, bringing container movement at California’s third-largest port to a standstill.

Two years after he predicted supply chain disruptions due to the pandemic, the supply chain scion says the ecosystem remains broken. All that has changed, he says, is an acknowledgment of that reality.

America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.

Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.

Container shipping spot rates continue to ease but are still many times higher than they were pre-pandemic.

Yang Ming’s newest 11,000-TEU container ship will call the Port of Los Angeles on its maiden voyage.

The Biden administration wants to speed an effort unveiled in March to create a first-time freight data exchange for U.S. container shipments.

Insurance and risk management firm TT Club says “Book it right and pack it tight” provides guidance for preparing unitized consignments of dangerous goods for carriage by sea.

New guidance from the Federal Maritime Commission on disputing ocean carrier charges is considered a “landmark moment” by U.S. exporters.

Ocean carrier HMM announced Thursday it will invest $7.5 billion over the next five years on ships, terminals and logistics facilities.

Drayage provider ContainerPort Group has announced the addition of truck capacity in key port markets.

Peak season imports are expected to remain strong but rail delays require ‘immediate’ attention, says Port of LA’s Gene Seroka.

Higher amounts of loaded imports and empty export boxes contributed to a nearly 15% increase in volumes.

Congress introduced a bill to protect the health of port communities and address climate and environmental justice issues.

From crude tankers to product carriers to dry cargo ships, the largest vessels are earning less than their smaller counterparts.

Work is underway to develop container-handling terminals in as many as five states along the Mississippi River.

Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.

There were 125 container ships waiting offshore on Friday, including 36 off Savannah, 24 off Southern California and 20 each off Houston and New York.

Nippon Express has launched a multimodal transport service for shipments from the U.S. and Canada to Asia via Mexico.

On demand on WTT: Marine autonomy as a service; the market for drivers; latest on port contracts and more

In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.

A new law authorizing tandem loads of 20-foot containers went into effect in Louisiana on June 17.

Container market experts advise carriers and shippers to act quickly now that new rules regulating ocean shipping are in effect.

The number of import containers sitting at LA/LB terminals for nine days or more has more than doubled since February.

West Coast port employers and labor won’t extend their contract during bargaining, as business groups would like them to do.

A shipping researcher dubbed July 1 “Bloody Friday” due to a large drop in stock prices for several shipping companies.

Labor strikes and slowdowns at ports in Germany, Antwerp, Belgium, and Rotterdam, Netherlands, are crippling trade and could trigger more logistical inflationary pressures for U.S. importers and consumers.