American Shipper

With spot container freight rates continuing to tumble, carriers are forecast to withdraw more capacity ahead of annual contract negotiations with shippers.

Marine transportation outperforms as barging gets back to normal, but other units struggling.

Canadian national Alexis Vlachos, who was sentenced to prison last September, will not be able to export or receive anything from the U.S. for the next seven years, the U.S. Bureau of Industry and Security said.

Global logistics software developer WiseTech (ASX: WTC) has come under renewed attack from investment advisor company J Capital. WiseTech continues to reject all claims of impropriety and asserts J Capital is simply “wrong.”

South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.

The autumn peak season will be over before you know it. Trans-Pacific container rates have yet to budge.

Ocean carrier says the onus in on marine fuel suppliers to scale up production to meet target dates.

The container leasing company Triton International said it had “solid” financial performance in the third quarter despite weak leasing demand since last fall.

Top shipping execs reveal the inside story of the recent crude-tanker rate maelstrom.

The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.

Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.

Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian Port Co. (HKEX: 2880 and SSE: 601880) of Liaoning Province, China.

Battery Council International, which represents U.S. lead acid battery manufacturers, praised the removal of the potentially unsafe products from the supply chain.

Market expert Jesse Cohen writes about the 2019 air cargo market to date, and industry personnel look ahead to 2020.

The Trump administration said the Turkish government satisfied the five-day ceasefire commitment in northern Syria.

Scorpio Bulkers plans to continue to monetize its position in related-party Scorpio Tankers.

The Southern African country’s political leadership established the national holiday to protest longtime U.S. economic sanctions.

The need for dual-hub European logistics systems as Brexit looms is one reason the Hong Kong-based supply chain specialist is building a new hub.

Aggressive action by Indonesia’s marine police is putting pressure on Southeast Asian pirates and the number of local attacks is falling, the crime-fighting International Maritime Bureau has reported.

Toy maker Hasbro reported lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs.

Headlines have highlighted booming VLCC rates, but spot LNG shipping rates have now taken the crown.

The Office of Foreign Assets Control policy, which focuses on financial ownership of sanctioned individuals or entities, bedevils U.S. companies with sophisticated compliance programs.

The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.

The Wise Honest illegally transported coal on behalf of the North Korean regime from November 2016 to April 2018.

Chow Chi-yeung (42), a former logistics supervisor with cross-border trucking services company Extrans International of Hong Kong, has been charged with fraud.

Containerships should be designed with “fire compartments” to prevent the spread of shipboard fires say marine insurers.

Logistics in Alaska can be both amazing and frustrating. Alaska is the most expansive and diverse logistics laboratory in the United States. Take the largest state in the nation, yet […]

The Trump administration said it is taking this latest regulatory action to further restrict the Cuban government’s efforts to support Venezuela’s Maduro regime.

An exclusive Q&A with Carlos Di Mottola, CFO of Milan-listed D’Amico International Shipping.

France-based carrier says its new Shipfin Trade Finance products will be made available in Europe and the U.S. next year.

The Port of Long Beach saw a slide in container volumes arrested in September and hopes to attract more cargo with incentives.

Improved shipping stock prices and heightened time pressure on private equity ship owners should spur more consolidation.

British government minister’s voyeuristic sex claims about truck drivers are “classist,” “inappropriate” and “ignorant,” says road transport representative.

The Office of Foreign Assets Control on Oct. 17 extended the general license for Nynas AB that is 50% owned by Venezuela’s state-owned oil company, Petrόleos de Venezuela S.A.

Terminal operator joins TradeLens as it looks to align with ocean carriers and provide better box tracking.

French calls for mandatory slow steaming continue, but the introduction of low-sulfur bunkers could see container lines accelerate services as fuel markets are played for competitive advantage.

The car carrier Golden Ray, which ran aground and capsized while it was leaving the Port of Brunswick, Georgia, on Sept. 8, will be cut up in place and removed.

Turkey has the next five days to maintain the ceasefire against Syrian and Kurdish forces before the U.S. sanctions are removed.

Maryland congressman was staunch supporter of the Jones Act and U.S. flag shipping.

West Coast forwarders and customs brokers discussed blockchain, e-commerce, big data and Section 321 at their annual WESCCON gathering.

The Hong Kong Human Right Rights and Democracy Act, which unanimously passed the House of Representatives on Oct. 15, puts pressure on Hong Kong to uphold U.S. export controls.

Could new tariffs derail solid rate performance in the trans-Atlantic trade?

Industry veteran picked to head one of the largest U.S. East Coast terminals, which is undergoing upgrade.

Port of Oakland has seen an uptick in volumes this year and is optimistic about remainder of 2019.

VLCC rates have rapidly fallen from over $300,000 per day to around $125,000 per day.

A U.S. Coast Guard investigation in February discovered the Nederland Reefer’s chief engineer had devised a scheme to illegally dump oily bilge into the sea.

September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.

World’s second largest container fleet continues push with ultra-large container ships.

The Trump administration takes aim at financial assets of Turkish government agencies and officials linked to military strikes in Syria, but Congress may legislate broader sanctions in the days ahead.

European shippers have joined with leading container line analyst Drewry to bring order to the “who pays what” implementation of IMO low-sulfur fuels.

Although Super Typhoon Hagibis has caused catastrophic floods, mudslides and at least 68 tragic deaths in Japan, FreightWaves understands from local sources that Tokyo’s critical freight infrastructure – seaports and airports – are undamaged. Japan’s wider logistics network is suffering from a miscellany of damage such as flooding.

The announcement by President Donald Trump not to increase tariffs on $250 billion in Chinese imports to the U.S. and boost U.S. agriculture exports did not address other structural issues.

Headlines may proclaim “$300,000 per day” but most crude tankers are not making anything close to that.

Market Voice Darren Prokop writes about automation at ports and the progress – and disruption – that will bring.

Petitions must be filed to the U.S. International Trade Commission by no later than Dec. 10 to be considered for inclusion in the next miscellaneous tariff bill.

NCBFAA generally supports Customs and Border Protection’s goal to protect against illicit importers but said the agency’s proposed importer verification rule has “grossly miscalculated the cost” to customs brokers.

Maersk subsidiary looks to fix congestion that had been widely cited in 2018 front-loading.

Asia-Europe demand has been strong for much of the year, but spot rates have tumbled as some lines have cut rates. With demand weakening, carriers are poorly placed ahead of annual contract negotiations, says Drewry.

An influx of new container ships has hiked the average size of vessels deployed on the trans-Pacific and Asia-Europe trades, reports Alphaliner.

“Finally, a ray of hope for the U.S.-China trade relationship,” said Myron Brilliant, U.S. Chamber of Commerce’s head of international affairs.

The Graham-Van Hollen sanctions bill would cut off Turkey from U.S. military equipment and parts, as well as target foreign support of the country’s oil and gas production used by its armed forces.

VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.

Port of Los Angeles container volumes dipped in September and its executive director called for a negotiated settlement of the U.S.-China trade ware.

Renowned logistics analyst explains how Brexit will impact cargo flows, liner shipping calls and European supply chain planning.

Confidence elevated after Trump decides to meet with Vice Premier.

Both canal stats and container transport pricing confirm continued momentum for U.S. East Coast ports.

Customs brokers say a permanent extension of the 2017 Craft Beverage Modernization and Tax Reform Act would incentivize Customs and Border Protection to automate the tax refund process.

European logistics giant could bring its famed, eco-friendly distribution centers to North America as its global expansion continues

Georgia Ports Authority is looking to grow roll-on, roll-off cargo even as work continues on salvaging the capsized car carrier Golden Ray.

What is the most bizarre transportation law case you’ve ever heard of? The story of the demise of the tanker Brilliante Virtuoso may top your list.

Customs and Border Protection officers said the counterfeit footwear, which was recently seized at the L.A./Long Beach seaport complex, was mis-declared as “napkins.”

Port of Los Angeles approves environmental plan for terminal that accounts for 17% of its container volume.

Houston still the main gateway for resin shippers, but other Southeast ports growing as well.

Maersk expects ample supplies of low-sulfur fuels to be available in most ports, but warns shippers to expect higher costs.

For a window on future demand for U.S. crude oil, look to international markets, as ever-more U.S. volumes head to sea.

“This new module will make it easier for Commerce and CBP to monitor and uphold our trade laws,” Executive Assistant Commissioner Brenda Smith of CBP’s Office of Trade said.

The Commerce Department said the Chinese government and commercial entities added to the export control list participated in human rights violations against China’s Muslim ethnic minorities.

U.S. Federal Maritime Commission Chairman Michael Khouri talks with American Shipper about priority container shipping regulatory issues for fiscal year 2020.

SeaCube Container Leasing has rapidly expanded its refrigerated container fleet and is now the third largest lessor of reefers and largest lessor of gensets.

The association, which represents the country’s customs brokers and freight forwarders, seeks better engagement between Customs and Border Protection and industry software vendors.

The chairman of DSV Panalpina says the company will concentrate on bringing Panalpina into the fold for 12-18 months, before its next acquisition, which may be aimed at strengthening its road business.

Drewry expects service levels to be cut by lines if shippers prove unwilling to foot the bill for mandatory low-sulfur fuels.

VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.

Traxens says the new standard will facilitate growth in smart container usage.

The Government Accountability Office found that Treasury, State and Commerce agencies, which administer U.S. economic sanctions, lack the ability to definitively measure their effectiveness.

The Baltic Exchange has been unrivaled in its creation of indices for dry freight futures. That may be about to change.