Coal far from dead: Global trade thrives, war reroutes shipping
Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.
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.
All the pipes of trade are connected. If one pipe starts to have empty-container constriction, container prices will be influenced across the board.
Ocean carrier Maersk is buying three Boeing freighters and outsourcing flying to Amerijet to penetrate the U.S.-Asia air cargo market.
Exhaust gas scrubbers are allowing tankers, bulkers and container ships to keep burning dirtier — and much cheaper — marine fuel.
The Farnborough International Airshow was a relative success for Boeing, capped by large preliminary commitment for freighters from Cargolux.
Cargo vessels allegedly are meeting at sea to transport stolen Ukrainian grain to Turkey and Syria.
Passenger travel carried United Airlines to a second-quarter profit, while cargo sales eased for the first time in two years.
“This allows Samsung to set a new bar of service levels for logistics customers, and Vizion supports this through hyperfocus on enhanced visibility technologies,” said Kyle Henderson, co-founder and CEO of Vizion.
COVID continues to crush Cathay Pacific’s business, but the cargo fleet is now back at full force.
America’s goods imports hit a capacity ceiling during the COVID-era boom. Volumes are still bouncing around near the top.
Boeing, Airbus and independent aviation engineering companies are trying to meet demand for converting standard passenger jets to cargo configuration.
Boeing is more optimistic about demand for air cargo over the next 20 years, which is why it forecasts a need for 540 more freighters than competitor Airbus.
Tankers are very busy loading up with American crude oil and refined products sold to overseas buyers.
China’s “dynamic COVID-zero policy” means more government-mandated testing — and more drayage delays.
A turboprop cargo plane owned by a Ukrainian airline crashed in Greece with a load of weapons for Bangladesh’s military.
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 buildup of vessels anchored off East and West Coast ports translates to around $30 billion, according to MDS Transmodal.
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.
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.
Latam Cargo’s expanded freighter fleet has made it possible to open up extra dedicated service between Europe and the Americas.
Companies that want standard freighters from the pre-owned market are in a race to find suppliers. Raya Airways and ASL are in the door with their orders.
Southern California ports can’t evacuate import containers fast enough. The backlog has yet again reached critical levels.
All Nippon Airways is partially changing a large order for Boeing’s upgraded 777 of the future to include a couple of cargo jets.
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.
(UPDATED: Oct. 25, 2022 3:05 P.M. ET) Alabama’s Huntsville International Airport in the past year has attracted new air cargo services controlled by major global logistics companies, solidifying its reputation […]
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
Contract talks between German port employers and labor union ver.di have bogged down over questions about inflation’s impact on wage increases.
Vallair says it will turn passenger aircraft into light-duty freighters by clearing out the cabin so boxes can be loaded on the floor.
Nonprofit organization GivePower is using solar power to desalinate water and provide positive health, education and economic impacts for communities.
Emirates is enlarging and modernizing its cargo fleet with modified passenger aircraft and new builds.
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.
Air France-KLM has reached a $3.9 million settlement with the U.S. government to resolve a fraud investigation involving international mail delivery.
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.
Delta is the latest airline to settle charges of defrauding the U.S. Postal Service on mail transport contracts.
Port of New York and New Jersey executive director says the flow of trade originally bound for the West Coast and redirected to the East Coast has been substantial.
Lawmakers and shippers urge quick wrap-up of new dockworker labor pact on the eve of the contract deadline.
Spot freight rates are easing, but in a sign of resilience, container-ship charter rates remain near all-time highs.
Container lines stand to gain from unprecedented berthing priority under a proposal introduced by California lawmakers aimed at helping U.S. exports.
FedEx pilots want a rich new labor deal to keep up with their counterparts at United and UPS.
Container and breakbulk volumes rise as Gulf Coast ports record strong shipping volumes in May.
The jaws of the supply chain vise are squeezing trade so tight that the headache it is creating will be a whopper for logistics managers this peak season.
Silk Way West Airlines, an all-cargo carrier based in Azerbaijan, placed an order with Airbus on Tuesday for two A350 large freighters, moving from an exclusive Boeing fleet for the […]
Embraer is the latest manufacturer to launch a freighter conversion program for used passenger aircraft.
A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?
Trailer Bridge signed a $62 million lease agreement with the Jacksonville Port Authority to continue operating a Blount Island terminal through at least 2041.
Lufthansa parked 14 giant Airbus A380 aircraft during the pandemic but now sees value in bringing some back.
A Swiss logistics company and Baker Hughes, its customer, must take their dispute over a botched air cargo shipment to arbitration, a U.S. federal court said.
German logistics giant DB Schenker on Friday made a big move into the North American trucking market with a deal to acquire USA Truck.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
IATA says airlines can’t succeed on sustainable fuels, 5G interference and lithium battery safety without more government involvement.
Aero Capital Solutions is a mid-tier aircraft leasing firm that has quickly gone from zero freighters to soon having 40 of them.
The first half has been phenomenal for product tankers. How much of shipping upside is due to the war?
The peak season of 2022 presents a variety of challenges for logistics managers, according to the latest findings of the CNBC Heat Map. East Coast ports continue to see tremendous […]
The air cargo market has lost some steam from 2021 but is still going strong, according to the airline trade group IATA.
The drowning of over 15,000 sheep off Sudan is just the latest in a very long line of black marks for livestock shipping.
Qatar Airways posted record profit and strong cargo business for the fiscal year 2021-22.
Port Houston awarded $429 million to Weeks Marine and Curtin Maritime Corp. to dredge the Houston ship channel.
Retail sales are still up double digits compared to pre-COVID. Inventory-to-sales ratios have yet to fully recover.
LATAM Airlines’ cargo division is the first South American carrier to sell capacity on Freightos, a digital marketplace.
Federal Maritime Commissioner Dan Maffei says in an interview that the bill will return “credibility to the supply chain.”
A number of East Coast ports saw volumes increase in May, and Savannah was one of them.
The union representing more than 3,300 UPS pilots has reached a tentative agreement with the express delivery company on a two-year contract extension, both sides separately announced late Tuesday. If […]
Blackstone Group, one of the premier New York investment groups, is putting $130 million on fintech/freight tech firm PayCargo.
America’s peak cargo importing season will start early this year, by the end of this month, says the Port of Los Angeles boss.
Japanese shipping firm Ocean Network Express has filed a lawsuit against Union Pacific because a shipment of solar panels was stolen in transit.
Airlines act as an auxiliary transport wing for the U.S. government during times of crisis.
President Biden plans to sign into law the Ocean Shipping Reform Act, the first ocean shipping regulations passed by Congress since 1998.
Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.
Shanghai’s weekend quarantine of 15 out of its 16 districts affected the flow of exports bound for the Port of Shanghai, according to CNBC Supply Chain Heat Map provider OrientStar Group.
President Biden made his case for getting ocean carrier reform on the books by accusing ocean carriers of jacking up prices for consumers.
Delta Air Lines will transport baby formula from London to two U.S. cities under the Biden administration’s Operation Fly Formula program.
Both sides were slated to return to the negotiation table Friday.
May was one of the busiest months in history for the container ports of Long Beach and Charleston.
The air cargo market, like other freight sectors, is in a dip. There are mixed signs that air could bounce back sooner than other transport modes.
FMC rulemakings and reports included in the Ocean Shipping Reform Act of 2022 will begin taking shape soon after the bill is enacted. Here’s a breakdown.
Employers association calls union’s work stoppage ‘absolutely irresponsible’. Both sides are slated to return to the negotiation table Friday.
President Biden underscored his support for ocean shipping reform as he prepares to speak at the Port of LA. Here’s a rundown of major efforts the administration has taken to date to ease supply chain disruption.
With President Biden to speak at the Port of Los Angeles on Friday, here’s a look at how California’s San Pedro Bay emerged as America’s key port complex.
“We are pleased with this settlement as it creates a common understanding in close cooperation and coordination with the authority on the future handling of demurrage and detention charges in the U.S.,” Hapag-Lloyd said.
The baby formula crisis is still acute. FedEx and United Airlines are helping out by delivering new shipments of formula from overseas on Thursday.
There is one reason behind this trade snarl. One. Can you guess? Bet you can’t unless you are an importer.
The International Maritime Organization and a California congressman look for strategies to lower emissions on World Ocean Day.
Companies ship by air because it’s faster than other modes. So how does shipping by sea actually help Cathay Pacific move air cargo through Hong Kong?
The French and Danish container lines CMA CGM and Maersk are reinvesting big profits in their air cargo fleets and service offerings.
Maersk said it can provide end-to-end supply chain solutions with its ships calling its APM Terminals Elizabeth, followed by clearance through Maersk Customs Services and finally storage, fulfillment distribution and inland transportation through Performance Team.