Diana Containerships acquires 11th ship
The vessel owner’s latest purchase is on charter to the Shipping Corporation of India.
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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%.
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The vessel owner’s latest purchase is on charter to the Shipping Corporation of India.
MSC has shuttled its planned imposition of a port congestion surcharge on the West Coast.
Ocean carriers are postponing congestion surcharges proposed in reaction to the ongoing ILWU and PMA labor discussions impacting West Coast ports.
U.S. steel imports rose 12.7% in October, month-over-month, to 4.4 million net tons, driven by volume increases from Brazil, South Korea and Turkey.
The Commerce Department this week has determined that automobile and light truck tires from China are subsidized by the Chinese government.
CMA CGM believes there are synerigies with another short sea operator it owns, McAndrews.
The fourth annual increase in a row is needed to offset rising operating costs and investments, the container carrier said.
A Drewry report found that U.S. terminals need to use infrastructure better and that ending the PMA’s negotiation with the union won’t fix congestion issues.
The ESC said surcharges imposed by ocean carriers due to port congestion on the West Coast are unacceptable.
The U.S. Federal Maritime Commission has received eight ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received eight license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Titan International Shipping, Coral Springs, Fla. […]
The U.S. Federal Maritime Commission has received eight ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received eight license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Chartwell Navigation, Belle Mead, N.J. […]
FMC reviews 8 OTI license applications
The U.S. Federal Maritime Commission has received eight ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received eight ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received eight ocean transportation intermediary license applications and changes for review.
The GAO said the Defense Department remains hamstrung by container management inefficiencies, which result in exuberant detention fees.
Container carriers are announcing West Coast port congestion charges of $1,000 per FEU
The French shipping company is reportedly in talks to buy a European feeder line.
A dozen containerships are anchored outside the ports of Los Angeles and Long Beach.
Port executives say mediation ‘has become a critical and necessary tool’ in the West Coast labor negotiaitons.
Teamster-supported strikers end labor action in Southern California,
No rapid conclusion is expected in labor contract talks that have been ongoing for six months.
After suspending plans, MSC says it will begin surcharge related to West Coast port congestion next week.
A G6 Asia-U.S.-Europe pendulum service will turn around in New York.
Company is handling fewer containers, but says the average freight rate has improved.
The CSL is a compilation of nine different ‘screening lists’ from the Commerce, State and Treasury departments.
Port truck drivers continue their strike against five companies, seeking recognition as employees.
The acquisition still needs approval from China and the Ukraine.
The port authority’s board approved an additional $2.42 million for the Truck Replacement Program, which started in 2010.
This service helps facilitate the export of citrus fruits and apples from the East Mediterranean to the Black Sea.
Coal shipments transported on U.S.-flag Great Lakes vessels reached 3 million tons in October, an increase of 9% compared to a year ago.
The department awarded funds to more than 60 U.S. agricultural organizations to help expand the export of their products abroad.
The memorandum will consider options for using up to $1 billion to finance the sale of U.S. clean energy exports to India.
The terminal group meets with FMC, shipper groups and explains efforts to extend terminal hours.
Carriers back down from immediate activation of charges linked to West Coast labor issues.
The Obama administration is monitoring the contract negotiations, while shippers groups are asking for presidential intervention.
‘It could take years for our agriculture to recover lost foreign markets,’ say 61 agriculture groups.
Drivers for Pacer and Harbor Rail Transport join a strike by drivers seeking recognition as employees.
The Port of Los Angeles attributes a decline in exports to the strong dollar and weak overseas demand.
The container transportation contract will be managed through Crowley’s Carib Energy subsidiary.
Export-Import Bank Chairman Fred P. Hochberg is visiting India this week to promote American-made exports.
Norfolk Southern has acquired a 282.55-mile section of track between Sunbury, Pa. and Schenectady, N.Y., from the Delaware & Hudson Railway Co.
Liner carriers in the transpacific say they will begin to impose a $1,000-per-FEU surcharge on Monday.
Drivers said they are striking QTS, LACA Express, and WinWin Logistics Monday and will add other drayage companies,
Drivers, Teamsters and TTSI to talk in meeting brokered by Los Angeles Mayor Garcetti.
Carriers are set to charge $1,000 per FEU, also poised to start charging on intermodal door deliveries this week.
The congressmen urge a labor settlement between the ILWU and the PMA, while shippers start petition to the White House.
The two countries today reached an agreement that paves the way for full implementation of the World Trade Organization’s Trade Facilitation Agreement.
Next year will be challenging, but the ocean carrier said Q3 operating earnings are a ‘first step in right direction.’
Port truck drivers picket in Los Angeles and Long Beach; ILWU says its members dismissed at Oakland Terminal.
Scott B. Miserendino, Sr., and Timothy S. Miller were sentenced to 96 months and 24 months in prison, respectively.
Matson will expand into Alaska while Pasha will acquire Horizon’s Hawaii business.
Maersk Line saw quarterly gains, helped by lower costs and higher rates; it plans to start up 2M iwith MSC in January.
The partners of the Clean Products Tanker Alliance include MOL, Asahi Tanker Co., Ultranav International and OSG International.
Though they have not yet imposed them, most carriers have prefiled congestion surcharges with the Federal Maritime Commission.
Driver tell LA Harbor commissioners that they are unhappy with lack of progress since July protests.
Carrier moved more containers to and from Hawaii, but auto volume and volumes from China fell.
The liner carrier said the reefer units will enhance its transport service offerings in South America.
The U.S. Maritime Administration said it has extended its Voluntary Intermodal Sealift Agreement through Oct. 1, 2019.
MarAd extends VISA program
More than 100 trade groups say they are concerned that a ‘full shutdown of every West Coast port may be imminent.’
The Northern California port says it has an adequate supply of chassis, is seeking ‘first port of call’ services from Asia.
Pacific Maritime Association says ILWU is refusing to dispatch dockworkers in Los Angeles, Long Beach.
ILWU and employers meet Wednesday, but problems worsen in Seattle and Tacoma.
The U.S. government said 277 shipments to Afghanistan had false shipment receipts.
Kinder Morgan continues expansion in domestic tanker busness.
Maersk Line affiliate will retain full ownership of New Jersey container terminal.
NVOCC Vanguard Logistics Services has opened offices in Alexandria and Cairo.
Commissioners express sympathy for shipper frustration over terminal congestion, fees.
Russia and the APEC secretariat signed an MoU Tuesday on Russia’s $3 million contribution to capacity building projects.
The companies say the action brings them one step closer to creating the fourth-largest container carrier.
Pacific Maritime Association says slowdown is crippling ports of Tacoma and Seattle.
Agreement to go to arbitration suspends the right to strike or lockout at St. Lawrence Seaway through 2018.
The container shipping arm of COSCO reports an 8% increase in volume.
Country’s largest shipper organization believes waiving fee would reduce congestion issues.
The Port of Longview has started a $10 million rail corridor expansion to increase cargo flows in and out of the port.
As a U.S. exporter in today’s market, one is forced to account for significantly slower transit times than importers.
Exports are essential to U.S. rice growers, with half their production sold abroad.
Graybar Electric Co. can trace its history back to the dawn of the electrical age—the company’s website says Elisha Gray was a child prodigy who at age 10 in […]
Graybar knows when purchase order says “tomorrow,” it means “in the morning.”
A crossroad of trade for millennia, regional shipping services remain vital to some 700 million people in 24 countries along the shores of the Mediterranean and Black Sea. […]
It could be said that fledgling U.S. exporters can use all the help they can get, but are they getting too many federal agencies coming at them with offers […]
In February and April 2011 Kentucky Fuel Corp. entered into contracts with Celtic Marine for the transport of coal by barge from terminals in Kentucky and West Virginia to […]
First State Depository provides shipping and other services for coins and special metals. It shipped product with UPS. Its insurers alleged 27 of First State’s shipments worth $150,000 were […]
Frustration builds among shippers as SoCal ports struggle to get cargo off docks by truck, rail.
FAS has initiated a new fee structure to be charged for coverage under the CCC’s Export Credit Guarantee Program.
APL says it will realign network to facilitate smooth cargo flow through the U.S. West Coast.
MOL: Cargo volumes to Asia showed weak growth; north-south trades see “substantial downswing”
Terminals are being asked to forgo charges even as they say they have incurred $22 million in additional expenses related to port congestion.
The French liner carrier said it will retrofit the vessels with bulbous bows as part of its effort to improve efficiency and reduce emissions.
The Korean shipping giant moved fewer containers than last year, but benefited from rate restoration and cost cutting.
The Teamsters says payment shows shows driver was misclassfied as an independent contractor.
The union is concerned about jobs as Seaway plans to install automatic mooring system.
The NVO’s new branch is located in the Brooklin neighborhood, a key financial and commercial hub in Sao Paulo.
The commission has started an investigation into the changes by the Indian government to the country’s trade and investment policies.
NMLK Steel will become the first tenant at the Holt terminal in Paulsboro, N.J.
Atlantic Container Lines expects delivery of new ships starting next summer.
AIIS reported the 3.89 million net tons of U.S. steel imports for September was 38% higher than in September 2013.