NYK to pay $59.4 million fine for fixing prices on ro/ro cargo
“K” Line, CSAV were fined earlier this year in what the U.S. Justice Department said is an ongoing investigation.
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.
“K” Line, CSAV were fined earlier this year in what the U.S. Justice Department said is an ongoing investigation.
The U.S. Department of Agriculture has requested public comments on proposed changes to its dairy tariff-rate import quota licensing program.
Maersk unit will specialize in intra-America trade.
The longshore union says the ‘few issues that remain unresolved relate directly to the carriers.’
The port’s spending equates to a 47-percent rise from 2006 levels.
Analysts say 74% of reefer cargo moves in containers.
The Chinese developer says goal is to open waterway by end of 2019.
Business groups tell Obama that the use of a mediator is imperative in longshore union talks.
Vestager has promised to compete GRU probe as quickly as possible.
The ocean carrier signed a long term shipping contract with Reliance Industries for the transportation of liquefied ethane.
The Hong Kong-based carrier will introduce a new weekly container service between North China, South Korea and Southeast Asia.
NYK Auto Logistics India will operate a finished-car logistics terminal at the west coast India port.
The French port authority plans to spend nearly $440 million on strategic growth in the next four years.
Schenker has begun building a new logistics center to house and distribute products for the global consumer goods company.
The government will now require container truckers to show provincial licenses to access Port Metro Vancouver.
Lakers moved 6.2 percent more dry-bulk cargo last month compared to November 2014.
San Francisco anchorages are filling up.
The Pacific Maritime Association wants a federal mediator to assist with contract talks with the ILWU.
The Taiwanese carrier says its membership in CKYHE will allow it to use big ships efficiently.
Costa Rican environmental agency SETENA approves Environmental and Social Impact Assessment ordered by APM Terminals for the Moin terminal expansion project.
CSAV increases its stake in Hapag-Lloyd to 34 percent.
The German ocean carrier raised 352 million euros (U.S. 414 million) in gross proceeds through a capital increase, with 96.5 percent of the existing shareholders exercising their subscription rights that […]
Preliminary figures from the International Civil Aviation Organization show a rebound in air cargo.
The integrator will introduce its first LNG truck and teardrop trailers.
In Oakland, the port has seen a higher number of ships at anchor, and ships are off schedule from Los Angeles.
Airport operator MAG Property and logistics property specialist Stoford submit joint plans for logistics unit at Airport City Manchester.
IPC, Mistui, NYK Line and PSA have agreed to jointly develop a container terminal at the Tanjung Priok Port in Indonesia.
Dutch agribusiness and trading company Nidera has acquired the USA/USC Terminal at the port of Constanta.
Plastic pallet maker Cabka Group has acquired Eryplast.
The Commerce Department found that certain steel nail imports from South Korea, Malaysia, Oman and Vietnam have been dumped on the U.S. market.
The U.S. Environmental Protection Agency fined two Texas importers and four Chinese manufacturers for non-compliance.
CEVA to provide transportation services for Ford’s Dearborn Truck manufacturing facility.
UPS has agreed to terms with Polish investment fund ORTIE to purchase healthcare logistics company Poltraf.
The Canadian Government introduced new regulations to reduce accidents at federally regulated grade crossings.
Company says it limited customer volumes in order to meet service commitments.
TSA members propose a GRI and a peak-season surcharge.
Contract negotiations between West Coast longshoremen and employers have entered month eight.
CMB, an Antwerp, Belgium-based cargo vessel and aircraft operator, will acquire a fleet of 14 containerships from Delphis.
The Port of Redwood City in Northern California said it has completed the first phase of maintenance dredging on its harbor channel this week.
The Cleveland-Cuyahoga County Port Authority’s annual budget for 2015 includes $20 million in capital investments to improve maritime operations and sediment management.
The Senate passed legislation, as part of the ABLE Act, to enact a 9-cent increase to the barge diesel fuel user fee.
Carbofin S.PA. pleaded guilty to three counts of violating the Act to Prevent Pollution from Ships related to the deliberate concealment of vessel pollution.
Barge service will provide added capacity for shippers as Horizon Lines leaves trade.
ILWU sends PMA proposals, as Congressman Bill Shuster writes to president about West Coast Longshore negotiations.
The U.S. International Trade Commission determined the country’s makers of carbon and certain alloy steel wire rod are harmed by similar imports from China.
APM Terminals’ Maasvlakte II terminal in Rotterdam will receive all of its electric power supply from Europe’s wind farms — both on- and offshore.
Shipments of limestone on U.S.-flag vessels plying the Great Lakes reached 2.7 million tons in November, a decrease of 4.4%, year-over-year.
During the past year, CSX transported about 100,000 tons of the fossilized shell to help rebuild habitat in two Maryland oyster sanctuaries.
The firm found that shippers are likely to ask that most fuel savings to be passed on to them and will benefit more than carriers from lower prices.
Berkeley scientists see big drop from 2009 in emissions of black carbon and nitrogen oxides.
UPS has added three buildings and expanded another in North America, adding another 1.2 million square feet of capacity to its distribution network.
Sources say a comprehensive proposal was sent by management to union last week.
To say that American shippers are angry as hell with West Coast dock labor, along with their terminal employers and the liner carriers, is an understatement. The International […]
Container Analytics with Ben Meyer One of the biggest stories in the container shipping industry at the moment is the massive congestion problems at the ports of Los […]
Founder of cargo booking website Cargo Chief traces origins to problems he faced as a shipper.
Management consultant Oliver Wyman suggests the container shipping industry needs to focus on yield management to regain profitability. Joris D’Incà, a partner at Oliver Wyman’s office in Zurich, […]
Just before Thanksgiving I spoke with Andrew Kinsey, a senior marine risk consultant for Allianz Global Corporate & Specialty, who addressed a variety of issues on his radar screen. […]
Changes coming to Alaska and Hawaii; Puerto Rico loses a long-time carrier.
With CSAV deal complete, German carrier should return to black quickly says CEO Rolf Habben Jansen.
The U.S. Export-Import Bank on Thursday said it will guarantee a $50 million loan to finance the export of 55 American-made bridge sets to Cameroon.
Ends slot exchange with Evergreen, but will have six Asia-U.S. strings and slot deal with APL.
Spending bill provides more money for harbor maintenance and reduction of pollution from diesel engines.
Carriers promise more direct port calls and shorter transit times.
The House will consider legislation that would allow for higher truck weight limits on portions of interstates in Mississippi and Wisconsin.
The 19,224-TEU “MSC Oscar” will operate between Asia and Europe.
Port meets with residents of Contrecœur on plans to build terminal to open around 2021.
Eric Kulisch, an American Shipper editor, received an award from the London-based Seahorse Club Dec. 9 for his September 2014 issue feature, “Shore power disruptor?”
Third-party logistics services provider SDV, part of the French Bolloré Group, has formed its own subsidiary company based in Valencia, Spain.
The North Dakota Industrial Commission on Tuesday adopted new conditioning standards to improve the safety of Bakken crude oil for transport.
Claudio Bozzo has been appointed to global chief operating officer of liner carrier Mediterranean Shipping Co.
Drewry says falling energy prices likely to spur more spending by U.S. consumers.
Port of Anchorage says improvements will make the port more resistant to earthquakes.
Holland, a less-than-truckload carrier subsidiary of YRC Worldwide, plans to hire as many as 500 military veterans to accommodate its expansion efforts.
The U.S. Transportation Department said truck drivers, starting Dec. 18, will no longer need to file reports for their pre- and post-trip equipment inspections.
The U.S. Commerce Department’s Bureau of Industry and Security said it will include a new statement to exporters on all validated licenses, effective Dec. 8.
Ingersoll-Rand will acquire the European manufacturer of truck and trailer refrigeration equipment for $123.48 million.
Old Dominion Freight Line has completed a 40% expansion of its Chattanooga facility and nearly doubled the size of its Portland, Ore. service center.
The Port of Everett said work will begin this month to strengthen its South Terminal, used for roll-on/roll-off cargo operations.
CEVA Logistics has expanded operations in Singapore with the opening of a new warehouse at Jalan Buroh.
Freight forwarder UTi Worldwide has appointed Edward G. Feitzinger as chief executive officer, effective immediately.
The U.S. Commerce and Energy departments are planning a business development mission to China in April focused on energy trade.
Two 1,000-TEU ships will start service from Shanghai this week.
Non-vessel-operating common carrier CaroTrans has added container freight stations at Cincinnati and Indianapolis.
Senator also complains about the cost of food aid preference laws.
France ordered to compensate pirates becasue of two day delay in bringing them before judge.
FMC says TSA members have pledged to postpone congestion surcharges, but $1,000 GRI still looms.
During October, the port handled 306,805 shipping containers, surpassing the previous monthly record of 306,051 containers handled in August 2013.
Maersk says its East-West shipping network will be monitored through a joint coordination center.
The monthly ocean service will use multi-purpose ships and handle both breakbulk and containerized cargo.
CenterPoint Properties has acquired more than 400,000 square feet and 31 acres across two properties at the Port of Seattle.
The Transpacific Stabilization Agreement is recommending its 15 ocean carrier members implement a general rate increase on Dec. 15.
But the carrier will continue to servce customers by chartering space from APL.
The Israeli carrier is focused on improving customer service and strenghtening services.
A movie theater owner in the heartland has been affected by port congestion.
Transfennica, a subsidiary of the Dutch Spliethoff Group, will end its ‘Motorways of the Sea’ roll-on/roll-off service.
The U.S. Commerce Department plans to boost the ranks of its foreign commercial service officers.
Chief negotiators for West Coast longshoremen and employers are expected to begin talking again.
The ocean carriers say no major changes are planned until after the end of first quarter of 2015.
The intermodal rail yard will handle both international and domestic containers.
The national office of the International Longshoremen’s Association said a trustee will take temporary control of the port’s labor union.