Freightos gets Baltic Exchange nod for container rate indices
Eight-year-old company working with storied shipping group to make indices available for financial products
Eight-year-old company working with storied shipping group to make indices available for financial products
“As long as there continues to be a lack of cargo and documentation handling in the ports due to the virus, our exporters and importers shouldn’t be on the hook for per diem or demurrage charges,” AgTC Executive Director Peter Friedmann said.
Ships recently in China considered a “hazardous condition”
The U.S. International Trade Commission, in response to a recent request from the House Ways and Means Committee, will investigate the integrity of the country’s seafood import supply chain.
Asia-Europe trade sees five sailings cancelled due to coronavirus as global shipping companies remain on lockdown for another week.
Pricing data implies pendulum is swinging even more toward East Coast ports at expense of West Coast.
Still too early to confirm coronavirus fallout in trans-Pacific freight pricing data.
Chinese carrier’s formerly idled VLCCs return to a transport market already suffering from falling rates, Stifel Maritime analyst said.
Dive into this week’s flashback from 54 years ago.
The Swiss government will serve as the go-between to manage financial transactions involving medical and other exports to Iran and ensure Iranian sanctions are not violated.
Blasting out underwater “speedbumps” last hurdle for $485 million project.
Breakbulk refers to (almost) every cargo that’s not containerized or shipped in bulk.
Kirby, already America’s largest river-barge transporter of petroleum, gets bigger still.
U.S. Customs and Border Protection said the 73% collected-duty increase over last year was mostly the result of ongoing punitive import duties on steel, aluminum and Chinese goods.
Tanker giant Euronav warns of fallout from coronavirus crisis.
Ben Thrower writes about the increased use of cargo ships to smuggle drugs.
Darren Prokop writes about the implementation of IMO 2020 and how its costs will be absorbed and/or passed along…
Over the years, hundreds of tankers were employed in the grain trades.
Moscow-based Grand Service Express began offering service to the Russian-occupied Crimean Peninsula in December.
In return, the South American country wants the U.S. to recognize singani as its national alcoholic beverage in strengthening bilateral trade ties.
Liners confront higher ship-lease rates at the very time fuel prices are spiking.
President Donald Trump on Wednesday signed into law a revamped pact with Mexico and Canada that replaces the 26-year-old North American Free Trade Agreement (NAFTA). The United States-Mexico-Canada Agreement (USMCA) […]
Liner delays put billions in inventory and assets on hold, leading to more efforts to quantify impact.
U.S. Justice Department announced the arrest of Harvard University’s chemistry department chair on charges of lying about financial and research connections to the Chinese government.
Trans-Pacific container volumes face escalating coronavirus risk.
Group aims to establish common vocabulary to make digital communications easier in ocean freight.
When the clock is ticking on a seemingly impossible assignment, take a page from the story of John Harrison’s determined quest to solve a maritime problem.
The Stamford, Connecticut-based shipowner agreed to pay a $1,125,000 civil penalty to the U.S. Treasury Department’s Office of Foreign Assets Control for Burma sanctions violations.
One of the first names in chassis provisioning continues to evolve as it gets folded into new industry entrant.
Customs brokers and express carriers will take “a more active role in monitoring, detecting and preventing trafficking in counterfeit and pirated goods,” the U.S. Department of Homeland Security said.
Scorpio Bulkers on virus threat: Prepare for the worst and hope for the best
Singapore surge is “trigger” for Maersk to add fuel new surcharge.
More than 80 trade associations urged the House of Representatives to pass legislation that would close a gap of over 700 Customs and Border Protection agriculture specialists in the nation’s ports.
Chinese epidemic could curb ocean shipping demand.
Crowley Maritime Corp., part of Jacksonville, Florida-based Crowley Holdings Inc,. has realigned its marine services organization and introduced new leadership. Crowley Marine Services, part of the company’s shipping group, will […]
FreightWaves’ maritime Market Expert Henry Byers provides insight regarding the Phase One trade deal between the United States and China.
The FAA says UPS didn’t comply with hazmat rules for air transport when it didn’t make sure a shipment it received was safe to fly.
Florida’s top port news 50 years ago this month.
Ocean carriers not looking at additional trans-Pacific services as Phase One deal unlikely to stem trade slowdown.
The Agriculture Transportation Coalition has developed service contract guidance its members can use to set parameters for when ocean carriers should issue or withhold detention and demurrage charges.
Commissioner Carl Bentzel said the U.S. Federal Maritime Commission will have an increasing role in the development of shoreside activities that impact international container shipping.
High number of canceled sailings butts up against post-holiday restocking demand in the U.S.
The department said the shift of certain firearms from the U.S. Munitions List to the Commerce Control List does not decontrol these items but changes the level of export control oversight.
The story of two bicycle mechanics from Ohio can provide inspiration for an industry facing a multitude of challenges.
The U.S. Energy Department will continue to allow the licensed export of highly enriched uranium for overseas medical isotope production for another two years.
BIMCO, BOLT, Commercial Jet and Kane Is Able also announce executive appointments.
A dispute over France’s digital services tax has the Office of the U.S. Trade Representative considering up to 100% tariffs on French champagne and sparkling wine imports.
Ship owners failing to prove compliance face criminal fines and penalties.
Ensuring shippers have “chassis choice” for merchant haulage expected to be a prominent issue in the year ahead.
Five Pakistani men are charged with duping 29 U.S. companies into illicitly exporting equipment and components to the blacklisted Pakistan Atomic Energy Commission and Advanced Engineering Research Organization.
Los Angeles port signals efficiency gains as the third-largest container alliance plans additional SE Asia stops.
On today’s episode we’re talking about the impact that the “box that changed the world,” aka the shipping container, made on global trade and our everyday lives. Adam Robinson dials […]
Overwhelming approval of U.S.-Canada-Mexico Agreement Implementation Act paves new trade pact’s way to President Trump’s desk for signature.
“We are seeing drawback for commodities/products where we did not see it before,” said Michael Cerny, chief legal officer for duty drawback specialist Charter Brokerage.
The rules will clarify licensing and financial responsibilities of ocean transportation intermediaries and streamline the hearing procedures related to denial, suspension and revocations of licenses.
New pact is a plus for tankers, bulkers and box ships, but less so for equities.
Report to address market competition and sealift capacity.
Representatives from airlines, logistics companies, truckers and airport authorities will attend Air Cargo 2020 in late January.
The mayor and city council of Richmond, California, have voted phase out and prohibit the storage and handling of coal and petroleum coke in the city.
As a result of trade agreement signed at the White House on Wednesday, China has pledged to increase imports of American goods and services by at least $200 billion.
Risk management for supply chains coming to the fore through better visibility tools.
Oceangoing vessels challenge scale of newly introduced carbon-free power technologies for short-sea shipping and ferries, World Shipping Council CEO John Butler tells U.S. lawmakers.
Phase One of the U.S.-China trade deal is scheduled to take effect Wednesday. Read CNBC’s Lori Ann LaRocco’s take on how that trade has changed since the tariff war began — and how it may never be quite the same.
All shipping interests through Panama Canal face new fees as water levels drop to ‘historic’ lows.
“The Box – How the Shipping Container Made the World Smaller and the World Economy Bigger” by Marc Levinson makes the case that the shipping container and its global intermodal use was one of the most important innovations of the second half of the 20th century.
Tanker rates haven’t shot up further on new Iran tensions, yet they remain extremely high.
The shipping consultants Drewry predicts carriers should be able to return “solid if unspectacular results”in 2020.
The U.S. Federal Maritime Commission is required by the 2015 Federal Civil Penalties Inflation Adjustment Improvements Act to annually adjust its civil penalty amounts in line with inflation.
The Containerization & Intermodal Institute, EROAD and Great Lakes Dredge & Dock announce board appointments.
The Port of Monroe says its efforts to increase international business has been stymied by the Detroit office of U.S. Customs and Border Protection.
The transport of cargo from China to Europe by sea is likely to remain more important than Eurasian railway routes, says the CEO of the German forwarder DACHSER.
2018 high-water mark for container volumes makes it ever tougher for 2019 to come out on top.
Treasury Secretary Steven Mnuchin said the Iranian metals industry generates billions of dollars for the regime, contributing to its nuclear weapons program.
Buttigieg proposal part of candidate’s $1 trillion infrastructure plan.
New Platts indices offer bird’s-eye view of rough IMO 2020 transition for dry bulk.
All the latest ocean news including imports and Iran plus what is Chinese Year and how does it work in shipping?
A bipartisan group of U.S. House and Senate lawmakers see export controls as a means to punish those Chinese officials and companies involved in human rights abuses in western China and Hong Kong.
Road, rail, port environmental permits to be completed in two years.
Companies from Amazon to Zulily agree to help Customs and Border Protection figure out how to identify and target high-risk shipments.
Lunar New Year marks traditional ocean shipping slowdown, but U.S.-China trade tiff means extra slack.
Experts say reversal of penalty related to U.S. Treasury Department’s Office of Foreign Assets Control won’t hinder its broader enforcement activities.
Despite all the mergers and all the alliances, ocean container rates are still lower than they were seven years ago.