Stay Up to Date on the Cargo Shipping Industry
The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the virus. On top of that, China — one of the world’s largest exporters — was at the center of the pandemic, leading several countries to stop trade with the nation altogether.
According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.
Check back here for the latest container shipping news, updates and trends. Looking for additional information and insights? Check out our Maritime Industry News archives.
Despite incurring additional costs for a settlement with Hawaii over a 2013 molasses spill and the acquisition of Horizon Lines’ Alaska operations, Matson’s core business “delivered strong results,” CEO Matt […]
Third partly logistics provider Kuehne + Nagel Group’s purchase of 100 percent of the multimodal transportation management solutions provider is valued at an estimated $180 million to $200 million, according […]
The online retailer released its blueprint for the utilization of delivery drones at a NASA conference last week.
Cargo thefts in the United States were down 11 percent by volume in the second quarter and 25 percent in value compared with the first quarter, according to the FreightWatch […]
The ocean carrier selected Keppel Shipyard Ltd to convert its Tacoma-to-Anchorage roll-on/roll-off trailership Midnight Sun to run on dual fuel liquefied natural gas.
The global logistics and freight forwarding company reported net earnings attributable to common stockholders increased 29 percent year-over-year in the second quarter to $117.8 million.
Class 8 truck orders in North America in July rose 21 percent month-over-month, according to preliminary data from transportation industry analyst FTR.
Swiss WorldCargo and Lufthansa Cargo said their new cargo pricing structure, effective Oct. 25, will contain just two components: a net rate and an “airfreight surcharge.”
The two companies extended their contract indefinitely and expanded the network agreement under which IAG Cargo currently purchases capacity from Qatar Airways.
The Mossend International Railfreight Park, designed to enhance rail capacity between Scotland the rest of the United Kingdom and European markets, was officially granted approval Aug. 4 by the Scottish […]
Norfolk Southern CIO and Inchcape CEO to retire, while Llamasoft picks up global sales VP, Hanson Logistics adds board members, and BSM names CFO.
Commissioners of the Pacific Northwest ports approved a plan to unify their marine cargo terminal investments, operations, planning and marketing in an attempt to strengthen the Puget Sound gateway and […]
The MacArthur Lock, one of the two actively used locks that enable ships to travel between Lake Superior and the lower Great Lakes, will be closed for at least 10 […]
Brent crude, considered by most analysts to be the global benchmark for oil prices, fell below $50 a barrel for the first time since January amid slowing demand growth and […]
The Norwegian ocean carrier reached an agreement with the Competition Commission of South Africa after admitting to price fixing, market allocation and collusive tendering.
The French Ocean carrier took delivery of its second of three GUYANAMAX series vessels, all of which will operate on its joint North Europe French Guiana North Brazil service with […]
The short-sea liner carrier will purchase slots a joint service from Turkon and Arkas Line to extend its coverage between Turkey, Egypt and Lebanon.
Delta Air Lines said, effective immediately, that it will no longer transport shipments of lion, leopard, elephant, rhinoceros and buffalo trophies worldwide.
The global shipping transportation services provider, through a separate wholly-owned subsidiary, entered into a time charter contract with Maersk Line A/S, which will charter the m/v Great for $14,750 a […]
The Dubai-based port terminal operator was fighting a proposed 750 percent rent increase at Port of Melbourne.
John Good Shipping moved into 465 square meters of office space at the DP World London Gateway Logistics Centre, which opened two weeks ago.
Toshiba Global Commerce Solutions names CEO, while the Duluth Seaway Port Authority picks port planning director.
Spot container rates between Asia and Europe last week hit a six-month high, according to data from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
BlueWater Reporting revealed ocean carriers operate a total of 31 container services on the Mediterranean to Africa trade and 16 on the North Europe to Africa trade.
The World Trade Organization on Friday reiterated that China’s import duties on high-tech steel from the United States were inconsistent with its membership obligations within the trade body.
The German carrier will add a call to Halmstad on its SDX service, which operates between Germany, Sweden and Denmark.
The heavy lift and project cargo carrier opened a new office in Ho Chi Minh City, Vietnam Aug. 1.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
FMC reviews 16 OTI license applications
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from 721 […]
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from All International Solutions, Gardena, Calif. […]
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the Office of Transportation Intermediaries.
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the FMC’s Office of Transportation Intermediaries.
The French carrier announced general rate increases effective Aug. 15.
French ocean carrier CMA CGM issued a general rate increase from all Asian ports to all Middle East Gulf ports.
Ocean carrier CMA CGM of France announced a general rate increase.
French ocean carrier CMA CGM issued general rate increases on various trades.
The second quarter financial results of ocean carriers NYK, MOL and “K” Line reflected a weak Asia-Europe market and strong supply pressure.
The European Commission will now conduct an in-depth analysis under the EU’s merger regulations before coming to a decision on FedEx’s $4.8 billion offer to buy TNT.
Shanghai Jiangnan Changxing Shipbuilding will build the China Shipping Container Lines vessels, which are scheduled for delivery in 2018.
The cost to Matson could be as much as $15.4 million, and the ocean carrier will cease its molasses operations in Honolulu as part of the settlement.
The Canadian train and aircraft manufacturer in May outlined plans to list a minority stake in its rail business, but Chief Executive Alain Bellemare denied the company was considering selling […]
The less-than-truckload holding company reported a 184.5% year-over-year jump in operating income in the second quarter of 2015.
The airfreight carrier said it increased revenues 8.8 percent during a period of network expansion for the company.
The outsourced aircraft and aviation operating services provider reported a net income attributable to common stockholders of $28.4 million for the second quarter and $57.6 million for the first half […]
The John C. Munro Hamilton International Airport opened the Air Cargo Centre, in which airfreight carrier Cargojet will be the primary tenant.
The Houston-based tank barge operator’s net earnings dropped to $58.1 million in the second quarter and its consolidated revenues dropped to $543.2 million.
Kuehne + Nagel will introduce refrigerated less-than-containerload pharmaceutical services from its facility in Geel, Belgium to Singapore and Sydney, Australia.
Union Pacific and DB Schenker appoint senior executives, while Episcale hires two former American Airlines Cargo executives and Avianca’s CEO steps down.
Neptune Orient Lines, parent of ocean carrier APL, is “totally focused” on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
The South Korean shipbuilder attributed the heavy second quarter losses primarily to a 2.3 percent decrease in overall revenues from last quarter.
HNA Group Co. has agreed to acquire the airport ground handler from PAI Partners SAS for $2.81 billion.
Ocean carrier APL announced its joint ACX/NAE service with Maersk subsidiary SeaLand will drop its call at Miami in favor of a call at Port Everglades.
St. Louis-based Transport United has acquired North & South Logistics, a North Carolina-based freight broker for an undisclosed amount.
The truckload freight and logistics provider reported an 18.1 percent decrease in net income to $44 million in the second quarter of 2015 compared to last year’s second quarter.
The express delivery company introduced a new flight between its European air hub in Liege, Belgium and Tunis, Tunisia.
The cargo-dedicated airport plans to build a new air cargo terminal and a new air traffic control tower.
Hapag-Lloyd names new chief commercial officer, while the Long Beach Board of Harbor Commissioners elects new officers and AMI appoints Africa region VP.
Senat Shipping claimed no wrongdoing or illegal activity on its part, and said the Treasury Departments action is a “misguided measure purely based on Senat’s historical dealings with OMM,” according […]
Members of the ocean carrier alliance announced they will add calls to Gothenburg and Antwerp to their Loop 7 service between Asia and Europe.
The third-party logistics provider increased net income and revenues by 15.1 percent and 3 percent, respectively, in the first half of 2015 compared to the same period last year.
The U.S. Department of Transportation’s Maritime Administration is providing $500,000 to Sandia National Lab for the study of a high-speed hydrogen fuel cell vessel as a clean energy alternative.
The trucking company’s revenues dropped in the second quarter year-over-year, but its balance sheet remains strong.
The ocean carrier announced plans to invest over $30 million in new equipment following its May 29 acquisition of Horizon Lines.
The containership owner accepted the first in a series of 14,000-TEU vessels being chartered to ocean carrier Yang Ming.
Construction began on Container Terminal 4 at Jebel Ali Port, which will increase the port’s capacity to 22.1 million TEUs by 2018.
Express carrier UPS said it has entered agreements to obtain up to 46 million gallons of hydrocarbon-based fuels over the next three years, a 15-fold increase over earlier contracts.
Columbus, Ohio’s Rickenbacker International Airport handled about 102 million pounds of cargo in the first half of 2015, a 40 percent increase over the same period last year.
The Canadian port handled double the steel tonnage since the seaway opened in April through the end of June compared to the same period last year.
The cargo division of Qatar Airways announced it will add Djibouti to its freighter network Aug. 1.
Meanwhile, drayage drivers at Pacific 9 Transportation continue their strike in an attempt to be reclassified as employee drivers.
Roadrunner’s CEO Mark DiBlasi said the purchase of Stagecoach Cartage will expand its trucking network in the Southwest U.S. and along the Mexican border.
United Parcel Service Inc. grew its net income 9.9 percent in the second quarter despite revenues at the package delivery and logistics company falling 1.2 percent compared to the same […]
The port solutions service provider and dry warehousing company announced it acquired Charleston Freight Station, Inc.
The Netherlands-based express carrier reported an operating income of 19 million euros for the second quarter of 2015.
The U.S. Department of Agriculture said the changes to the program will allow license holders to more easily adjust to changing market conditions affecting the dairy sector.
Brazil’s newest container terminal, Brasil Terminal Portuário, handled its one millionth container since operations officially began in November 2013.
The third-party logistics company announced its plan for a 100,000-square-meter logistics hub in Tuas, Singapore.
Locus Traxx Worldwide has named its VP of logistics, while Dunavant Logistics has appointed several operations managers.
“We’re reaping the benefits of a strong regional economy and labor uncertainty on the West Coast,” New York and New Jersey Port Director Richard Larrabee said of the results.
Foreign Minister Sameh Shoukry said Monday that Egypt is capable of protecting the new waterway that runs alongside the existing canal.
Meanwhile, maritime consultant Drewry said it believes the sale of G6 Alliance member APL’s parent company Neptune Orient Lines is unlikely at this time, despite the line being a “habitual […]
Freight volumes and revenues should continue to increase substantially over the next 11 years thanks to continued population growth, expansion of the U.S. energy sector and foreign trade, according to […]
New orders for manufactured durable goods increased 3.4 percent to $235.3 billion in June led by strong orders for transportation equipment.
The railway reported net income dropped 23 percent in the second quarter of 2015 compared to second quarter 2014.
IAG Cargo and Finnair Cargo have entered a block-space agreement for freighter capacity operating between London’s Luton and Helsinki airports.
The Busan Port Authority and the Korean government plan to further strengthen the port’s cargo trans-shipment capabilities to handle 13 million TEUs of trans-shipment cargo by 2020.
The intermodal transportation service provider reported net income fell $0.2 million compared to the second quarter of 2014 despite a 1 percent in crease in revenues.
