1981: Plans to use offshore vessels for the generation of electricity by use of ocean water temperature differences could develop into a “good market” for the nation’s shipyards, according to an industry spokesman.
The A380 has mostly been a bust as a giant passenger plane. Now Airbus is trying to salvage some value by offering to convert passenger planes into full-time cargo planes. But there’s a twist. Passengers will still ride along on the top deck. Will airlines buy in?
Bad timing: Still-rising cargo demand is coinciding with container-shipping constraints in the wake of the Suez Canal crisis.
Maersk and ZIM ships are being deployed in response to “customers’ increased cargo demands.”
This is an excerpt from Monday’s (3/29) Point of Sale retail supply chain newsletter sponsored by ArcBest. Yee-HAW, people. The third round of fiscal stimulus is causing an immediate and significant boost to […]
Daniel Maffei becomes chairman at a time of massive disruption in the world of trade.
Amazon Air has hired Canadian all-cargo carrier Cargojet to provide crews, maintenance and insurance for two aircraft it plans to use to move e-commerce parcels.
‘Bigger is better’ is the mantra of public tanker companies. The just-announced INSW-Diamond S merger is a step in that direction.
A ransomware gang is threatening to leak 2 terabytes of files stolen from shipping firm ECU Worldwide in the aftermath of a cyberattack as the owner vows to “take any steps necessary, legal and otherwise,” to protect customer data.
ASL Airlines United Kingdom on Monday flew its first cargo flight with an ATR 72-200 turboprop freighter. It is the first carrier to receive an air operator certificate from the […]
Biden taps Daniel Maffei to head the FMC amid the ongoing port congestion crisis.
The Georgia Ports Authority has approved projects to increase the annual container capacity at the Port of Savannah to over 6 million TEUs from the existing 4.7 million TEUs.
You think you can just book your cargo on a plane to avoid the ocean shipping congestion at the Suez Canal? Guess again. Freighters were flying full even before the Ever Given got stuck, so finding space will be very difficult.
The South Korean container carrier expects the Suez Canal backlog to be cleared by the time the HMM Nuri arrives in mid-April.
The Panama Canal Authority’s administrator discusses why he’s not worried about a container ship blocking the canal.
Canadian police and border officers seized nearly $8 million in opium found in two shipping containers at the Port of Vancouver and then swapped the drugs with a dummy shipment to let the dragnet continue.
Suez Canal accident aftermath: Extensive disruptions are ahead for key Asia-East Coast container shipping services.
U.S. ports are positioned to win big off Biden administration’s offshore wind energy initiative
Ghost flights — passenger aircraft with no passengers, only cargo — were never a thing before the coronavirus pandemic. In the past year, airlines have operated thousands of passenger aircraft as mini-freighters. Who are the industry leaders?
‘We pulled it off!’ says salvage company Boskalis after freeing the container ship.
Digging and pulling haven’t freed the giant Ever Given vessel that has stopped traffic in the Suez Canal. The next step might be to lighten the vessel by removing cargo.
The longer the Suez saga continues, the greater the container, tanker and dry bulk shipping impacts. There could be big losers — and winners.
Welcome aboard, freight customers. You’re now flying CMA CGM to the U.S. East Coast instead of taking a container ship.
Trade is bottled up around the world and part of the problem is the difficulty in getting seafarers and pilots back and forth across borders.
Additional dredgers have been brought in to help dig out the 20,000-TEU Evergreen Marine container ship.
The U.S. secretary of transportation testifies before Congress on the Biden administration’s infrastructure priorities.
Air Transport Services Group is riding the e-commerce wave. It’s expanding its fleet to meet demand from Amazon and other customers.
The Maersk Eureka is 650 miles off the coast of Alaska awaiting repairs
Back in the Aristotle Onassis era, a Suez Canal closure was a tanker game changer. Today, tanker upside from the canal accident is limited.
“Strong winds” are blamed for causing the 20,000-TEU Ever Given to get stuck and block Suez Canal traffic in both directions.
Digital transactions are necessary as air cargo volumes grow, but setting up those IT links can be tedious. The International Air Transport Association has a new tool to make that process much easier.
Fewer options means less competition and less incentive to control costs.
Vessels are backed up on both ends of the Suez Canal as tugs work to free the ultra large container ship Ever Given.
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
The Port of LA will use tax funds for repairs needed to address its booming business.
USA Jet Airlines, a small cargo operator, is converting old MD-88s into freighters. Airlines gave up on this plane, so why is anyone investing to reuse these aircraft?
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
The world’s largest shipping line says it has changed its ways and is no longer playing the spot market, instead going steady with long-term partners.
One of the Kalitta cargo companies is trying to stop a small Mexican airline from providing cross-border service between Mexico and the U.S., a market that it serves too. It doesn’t want free trade in transport services because it might cut into its business.
1997: “Comparing our project to the Panama Canal is to confuse an apple with an orange,” New York lawyer Don M. Bosco said. “Our competition won’t be the canal. Instead, we intend to take significant business from the 3,000-mile U.S. landbridge system.”
Newbuild-to-fleet ratio now 15.3%, up from 9.4% in mid-2020. But orders are not high enough yet to wave red flags.
Hong Kong has ratcheted up quarantine requirements on inbound pilots, escalating tensions with the U.S. and impacting the operations of express carriers UPS and FedEx.
Another strike at the Port of Montreal increasingly likely after longshoremen reject contract as seven-month truce expires. Railroads and trucking companies, meanwhile, brace for scramble to Halifax.
Sun Country normally flies to sunny destinations. But with Amazon as its cargo customer, it’s heading to Fairbanks, Alaska.
“2020 has been exceptional, with stellar performance in the industry,” says Hapag-Lloyd CFO Mark Frese.
There’s no time for deliberation these days if you want to get high-value cargo shipped by air. It’s a strong seller’s market in the air cargo world. If you see it, book it and don’t worry about the price.
Fireworks could be stuck at sea by the time the Fourth of July rolls around. Blame massive port congestion and overloaded freight networks. The fireworks industry is asking the Biden administration to provide a fix, but what can it do?
There is a direct correlation between stimulus checks and the surge in e-commerce spending, according to SEKO US.
Deutsche Bank’s Amit Mehrotra on how long import surge could last and upside potential for container, dry bulk and tanker stocks.
Port Houston is positioning itself as a viable option for handling more containerized imports from Asia.
“Today we are in the seventh month of a historic import surge driven by unprecedented demand by American consumers,” says Gene Seroka.
Chicago Rockford and Cologne Bonn airports operate under the shadow of Chicago O’Hare and Frankfurt airports. But they are rising stars in the cargo arena and have decided to pool their resources.
As part of Women’s History Month, FreightWaves spotlights the first American woman to make it to the top at sea.
Tanker and bulker spot rates can go sub zero — some tanker rates are there now. What do the negative numbers really mean?
Edmonton International Airport is investing in more cargo capacity to support e-commerce and other industries that increasingly are seeking air transport.
Container, dry bulk and tanker stocks push forward. Biggest winner since mid-2020: Danaos, up (this is not a typo) 1,202%.
Congressman Sam Graves proposes using the Postal Service to test a new bridge and highway funding effort.
E-commerce is the growth engine for air cargo. It’s why DHL Express just added a new air/parcel hub in Milan, Italy.
“As retail imports continue to boom during the pandemic, the ability to quickly move goods from ships to the hinterland via rail is paramount,” says CEO Jim Newsome.
Anchorages are filling up with ships off multiple ports — not just California’s. Yet the reasons behind the traffic jams are not always the same.
Icelandair is raising capital with a sale-leaseback of two large jets and then turning them into freighters. It’s an innovative move.
The lack of Lunar New Year shutdowns contributes to the busiest February on record.
Federal stimulus checks will be heading by direct deposit and mail to millions of Americans, who will quickly turn to their computers to place online orders that flood parcel networks.
China was the top U.S. trading partner for the 10th consecutive month in January and was the most important trading partner in 2020.
E-commerce is like a monster that can’t be contained and Amazon is growing with it. The online retailer just bought some aircraft for the first time. Now it has bought a piece of a cargo airline.
The Port of Virginia has recaptured some U.S. military business it lost over the years.
“We are solving meaningful business challenges with innovation and passion,” says GreyOrange Chief People Officer Ramya Sampath Sharma.
How does California congestion rank versus 2015 logjam caused by tensions with dockworkers union? It’s not even close: 2021 wins by a long shot.
“As we continue to recover from the COVID-19 pandemic, now is the time to accelerate our throughput and growth,” says Pennsylvania Gov. Tom Wolf.
FedEx pilots want the company to stop releasing crews into Hong Kong for rest periods because of aggressive testing and quarantine restrictions that subject them to infection and loss of personal freedom.
Rockford International Airport is fast becoming an air cargo hub. Amazon and UPS have big operations there, and construction is underway to increase capacity for freighters and storage for new customers.
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
Air cargo is a good news, bad news story this year. Shipment volumes are at pre-crisis levels. But cargo is joined at the hip with passenger airlines, which are cutting more flights and struggling to survive.
Republican lawmakers push back on Biden’s ‘big, bold vision’ ahead of infrastructure talks.
“Ocean Insights has dominated the container-tracking space, and we look forward to providing the industry not only the best ocean capabilities but also the most comprehensive end-to-end visibility platform,” says project44 CEO Jett McCandless.
Drayage trucking and logistics company ContainerPort sold its container yard and depot division to ITS ConGlobal, a company with intermodal, finished vehicle and depot service terminals.
If ocean freight rates have legs, analysts see much more room for the secondhand ship values to run — which should, in turn, boost stocks.
Northwest Seaport Alliance reports January exports dropped 13.4% year-over-year.
Boeing 767s are coveted by all-cargo carriers. LATAM Airlines is doing an in-house swap of passenger planes to its cargo division, which will send them to Boeing to convert into freighters.
Jefferies senior analyst Randy Giveans outlines why it is now a particularly good time to buy container-shipping stocks.
Today’s container market chaos underscores the need for enforceable ocean contracts as opposed to loose agreements, argues consultant Tom Craig.
Lina Jasutiene, managing director and founder of Recoupex and a former lawyer for the shipping line MSC, explains what shippers can do to successfully pursue damage claims. She talks to Steve Ferreira, the CEO of Ocean Audit, during a fireside chat at FreightWaves’ Global Supply Chain Week.
The American Society of Civil Engineers (ASCE) gave the nation’s infrastructure an overall grade of C-, up from a grade of D+ four years ago, the association revealed Wednesday in […]
Maritime regulators warn the Houston port agency against restrictions that could hamper the Gulf Coast container trade.
Kalitta Air pilots on Tuesday ratified a new collective bargaining agreement, which the Air Line Pilots Association says significantly improves retirement benefits and working conditions. The four-year labor contract covers […]
The bosses of public dry bulk shipping companies claim that recent market oddities point to good times ahead.
“American customers will be able to choose to transport their goods using LNG, a new technology that helps to preserve air quality by eliminating almost all atmospheric pollutants,” said CMA CGM CEO Rodolphe Saadé.
California will boost testing procedures to enforce distillate fuel regulations.
The airline industry took a massive punch from the pandemic last year, but most carriers have stayed on their feet. Airlines and their employees say Congress should inject one more dose of aid for jobs so they can start flying more quickly once vaccinations increase and people are ready to travel.
Evan Efstathiou discusses why VCs are looking to invest more in maritime just as shipowners are looking to partner more with startups.
Ocean Audit CEO Steve Ferreira chats with Vanguard Logistics Services Vice President Stephanie Loomis about what importers and beneficial cargo owners can expect as they undergo contract negotiations with the ocean carriers this year.
Federal Maritime Commissioner Carl Bentzel discusses the agency’s options in regulating rates and service amid the booming U.S. container supply chain.
The commanding officer of the U.S. Coast Guard icebreaker Polar Star talks about the commercial challenges and opportunities in the Arctic.
BIMCO’s Peter Sand discusses whether container shipping’s ‘new normal’ has legs and what’s next for the sector.
Amazon may get the headlines for promising fast deliveries, but if it can’t get the product from overseas, the efficiency of trucks and delivery vans won’t make a difference.
The ocean carrier has not said when customers can expect to receive damaged or intact cargo.
Suvrat Joshi joins logistics software-as-a-service platform FarEye as chief product officer.
1996: At 1,044 feet (318.2 meters) long, the new Maersk ships are longer than the Eiffel tower, but they are still capable of a high speed of 25 knots.
Globalization isn’t just driven by comparative advantage. It is skewed by subsidies and mispricing of risk, according to author Marc Levinson.
Airfreight markets are topsy-turvy in the COVID era, but importers and exporters can count on one thing: paying two to three times normal rates. CFOs will have to increase their transport budgets if they want goods to move quickly.
