FMC reviews 3 OTI license applications
FMC reviews 3 OTI license applications
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.
FMC reviews 3 OTI license applications
The U.S. Federal Maritime Commission has received three ocean transportation intermediary license applications and changes for review.
Seaspan Corp. said it has exercised options to build five 10,000-TEU containerships at Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. The ships […]
Japanese ocean carrier MOL announced an agreement with Kansai Electric Power Co. for joint ownership of two new liquefied natural gas (LNG) carriers that will sail under long-term charter […]
The U.S. Export-Import Bank will support for a “seven-figure purchase” of two new American agricultural aircraft by Jose Antonio Goncalves Viana, a soybean and corn agribusiness in Brazil. […]
Under the multi-year contract, American Worldwide Agencies will serve as sales agent for AAL’s direct port calls to and from Long Beach and Los Angeles; Vancouver and Everett, Wash.; […]
The London-based industry consultancy Drewry predicts that more ocean carriers will cancel sailings instead of withdrawing whole services during the winter and this practice will continue until the P3 […]
The U.S. Environmental Protection Agency is finalizing a rule that will restrict imports of potentially harmful perfluorinated chemicals that could be used in carpets. The regulation will require […]
The Georgia Ports Authority said it handled 2.5 million tons of cargo in August, 8.5 percent more than in August 2012. Container volume amounted to 280,873 TEU, 3.8 percent […]
The Indian firm said Econocaribe is the third largest non-vessel-operating common carrier in the United States. Based in Miami, Econocaribe has nine U.S. offices and 22 receiving terminals throughout North America.
U.S. steel imports increased in August compared to July by 13.8 percent, according to preliminary government data reviewed by the American Institute for International Steel (AIIS). “Improved market conditions […]
Delamode, a U.K.-based logistics and freight forwarding company, said Friday it has acquired John Shirley Ltd., a specialist freight forwarder in the West Balkans region. John Shirley has more […]
The Asian Shippers’ Council said an agreement last week by the IMO on mandatory verification of gross weight of containers is unworkable and was not done with what it called “proper […]
The U.S. Transportation Department’s Research and Innovative Technology Administration (RITA) has released about $63 million in grants to 33 University Transportation Centers (UTCs) to advance research and education programs […]
U.S. and Japanese officials conducted thorough on-site audits to ensure that their organic programs’ regulations, quality control measures, certification requirements, and labeling practices were compatible.
IMO Secretary General Koji Sekimizu said ocean shipping is “the world’s only really reliable, global, cost-effective and energy-efficient mass transportation method for energy, materials, foods and industrial products.”
The bulk carrier Nordic Orion, loaded with metallurgical coal in Vancouver, British Columbia, completed a successful voyage through the Northwest Passage earlier this week. The Norway-based Bellona Foundation […]
The U.S. and Iraqi governments on Wednesday reaffirmed their strategic partnership during a meeting of the Services, Technology, Environment and Transportation Joint Coordination Committee (STET JCC) in Washington. […]
Carrier Transicold said it has introduced a new container atmosphere control technology that helps maintain quality of produce so it can be shipped over longer distances. The company said […]
The stainless steel tubing manufactured by the Finnish company Stalatube is used for a variety of applications, such as building structures and facades, machinery to manufacture food and pharmaceuticals, […]
New technology helps shipowners use bunker and still meet sulfur emission reductions. As 2015 approaches, shipping companies face the possibility of sharply higher fuel costs as regulations require the maximum […]
When the most recent round of TIGER grants was announced in September, Duluth Seaway Port Authority in Minnesota received $10 million to increase general cargo handling capacity by improving the […]
The time is now for American shippers, especially those bringing significant volumes of goods in containers through West Coast ports from Asia, to consider contingency plans if the International […]
Aboiler, manufactured by Babcock & Wilcox for the Indonesian sugar refiner Jawamanis Rafinasi, was shipped by railcar to Coastal Cargo Co. in New Orleans where the plan was to […]
Oscar Hasbún, CEO of the liner carrier, said he was satisfied with the results of the capitalization and noted “it provides strong support for the company from its shareholders and the […]
Drewry said its study, Reefer Shipping Market Review and Forecast 2013/14, found the containership mode is forecast to provide in excess of 94 percent of overall reefer tonnage within the […]
Penske Logistics said it’s expanding in Mexico and has appointed Michael Casidy to the newly created position of managing director of Mexico. Penske Logistics has been operating in […]
The Solar Energy Industries Association (SEIA) has offered an industry-based compromise between the U.S. and Chinese solar industries, which it said could serve as the centerpiece for “a fair, negotiated […]
The United States and Mongolia on Tuesday signed an agreement to improve transparency on mutual issues concerning trade and investment at a ceremony in New York. The U.S.-Mongolia Transparency Agreement […]
The shipping newspaper Lloyd’s List, which claims to be the world’s longest-published newspaper, will stop publishing a paper version and become a totally electronic service on Dec. 20. […]
Rolf Habben-Jansen, who has been chief executive of Damco, the freight forwarding arm of the A.P. Moller-Maersk Group, since 2009, will become chairman of the executive board and CEO of […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service will allow, under certain conditions, the import of commercial shipments of litchi fruit and mangoes from Australia into […]
Claudia Slacik has joined the U.S. Export-Import Bank as chief banking officer and senior vice president for export finance. She has more than 30 years of experience in […]
Sandra “Dee” Lord has joined the U.S. International Trade Commission as an administrative law judge (ALJ). Lord will manage litigation, preside over evidentiary hearings, and make initial determinations […]
C.J. Wang (Wang, Chung-Jinn), chairman of Evergreen Marine Corp. (Taiwan) Ltd., died of illness on Sept. 20. He was 61. Anchor Chang (Chang, Cheng-Yung), president of the company, will temporarily handle […]
Christie New Jersey Gov. Chris Christie has vetoed a bill aimed at making it more difficult to classify drayage and parcel delivery drivers as independent contractors. In his […]
“Fire protection systems have not yet realized that cargo is now transported in containers, as it has been for the last 30 or 40 years. Crews do not have the […]
Pasha Automotive Services and the Port of Grays Harbor on Friday announced the completion of new infrastructure promoting growth of automotive processing and roll-on/roll-off business in the Washington state […]
The so-called “BRIC” countries of Brazil, Russia, India and China are still generating attractive cargo growth, says the current edition of Drewry’s Container Insight Weekly. “Container traffic loaded […]
Speakers at the meeting of the International Union of Marine Insurance in London last week, warned that as use of low-sulfur fuel in ships increases, the likelihood of chronic engine […]
Hapag-Lloyd said it had raised 250 million euros (about $337 million) through the sale of bonds to institutional investors. The bond, which has a maturity of five years, has a […]
The U.S. International Trade Commission on Friday determined that the domestic shrimping industry is not harmed by imports of frozen warmwater shrimp from China, Ecuador, India, Malaysia, and Vietnam, […]
Rickmers Group and funds affiliated with Apollo Global Management have created a joint venture to invest in containerships. The joint venture will initially focus on used vessels and […]
Draft amendments to require mandatory verification of gross weight of containers under the SOLAS convention were agreed to on Friday by the IMO’s Subcommittee on Dangerous Goods, Solid Cargoes and Containers.
Company and port authority officials noted the Florida port is closest to Mexico’s fast-growing vehicle manufacturing areas served by the ports of Veracruz and Altamira and offers the quickest transit times to […]
Gov. Pat Quinn of Illinois on Thursday praised construction of a new intermodal container terminal at Archer Daniels Midland Co.’s major agricultural processing and headquarters complex in Decatur as a […]
The U.S. Export-Import Bank this week authorized a pair of direct loans totaling $33.6 million to Abengoa of Seville, Spain, that will facilitate the export of American heat-transfer fluid […]
U.S.-flag Great Lakes carriers carried 10.5 million tons of dry-bulk cargo in August, an increase of more than 1 million tons, or 10.6 percent, compared to a year ago, […]
The U.S. Department of Agriculture said the fiscal year 2013 Food for Progress and McGovern-Dole International Food for Education and Child Nutrition allocations will benefit more than 10.5 million […]
The United States announced the country-specific and “first-come, first-served” in-quota allocations under its tariff-rate quotas (TRQs) on imported raw cane sugar, refined and specialty sugar and sugar-containing products for fiscal […]
The Guysborough district has finalized the sale of waterfront lands in Melford, Nova Scotia, where Melford International Terminal Inc. (MITI) and its partner Maher Terminals are planning to build a box terminal.
Third party logistics services provider OIA Global has acquired majority control of Bellville International Ltd., a freight forwarder based in London. Bellville International is the holding company for […]
Mediterranean Shipping Co. has announced a rate hike on export cargo from the United States, Canada, and Mexico to North Europe, including the Baltic and Scandinavia, of $100 per 20-foot […]
Chilean liner carrier CSAV said because of China’s “Golden Week” holiday in October seven sailings have been canceled.
The development of the port located on the Aguadulce peninsula at the port of Buenaventura will be done in three phases. The first phase will yield an annual capacity of 450,000 […]
Salvage crews righted the wrecked cruise ship Costa Concordia on Tuesday, more than 20 months after it capsized off the coast of Italy’s Giglio Island. Crowley Maritime’s Titan Salvage is […]
The so-called “Maritime Goods Movement Act for the 21st Century” was developed to eliminate incentives for shippers to bypass U.S. ports and move their goods through Canada and Mexico ports instead.
Shippers voiced concerns about bigger containerships and larger carrier alliances last week during a panel discussion at the South Carolina International Trade Conference. Pointing to the proposed P3 […]
The International Air Cargo Association said the new regulations, which take effect on July 1, 2014, fall outside industry goals of “a common, unified approach to global security standards.”
Matson said it, not its customers or Hawaii taxpayers, will cover the costs associated with the Honolulu Harbor molasses spill response. On Sept. 10, Matson said a leak […]
The International Maritime Organization’s Subcommittee on Dangerous Goods, Solid Cargoes and Containers will meet in London this week to consider competing proposals to require verification of container weight prior […]
President Obama has nominated Paul “Chip” Jaenichen Sr., of Kentucky, to be administrator of the Maritime Administration. Jaenichen was named the acting administrator in June, following the resignation […]
RoadOne IntermodaLogistics said its QLS Logistic Services affiliate had acquired US Intermodal, which will serve as foundation for a new coast-to-coast agent drayage and brokerage business called US IntermodaLogistics. […]
The shipping company said the Icelandic Competition Authority exercised a dawn raid at its premises last week “on the basis of a ruling” from Reykjavík District Court. Eimskip received no […]
The U.S. Department of Agriculture will lead a trade mission to promote U.S. agricultural trade and investment in sub-Saharan Africa, Sept. 16-20. The trade mission launches USDA’s Sub-Saharan […]
Former Maritime Administrator William Schubert testified before Congress that “perhaps nothing is more important to the viability of the privately owned U.S. flag commercial fleet than adequate cargo preference […]
Richard P. Hughes, Jr., served as the union’s eighth president from July 2007 until July 2011. Prior to his election as ILA president, he served as both executive vice […]
A major rift between groups representing shippers has developed over proposals requiring verification of container weights prior to loading. The proposal is to be considered next week at […]
Capital Product Partners L.P., an Athens-based company whose securities are listed on NASDAQ, said it had acquired three 5,023-TEU containerships — the CCNI Angol, Hyundai Privilege and Hyundai Platinum […]
As much as 1,400 tons of molasses, or about 233,000 gallons of the liquid, may have entered the Honolulu Harbor, triggering a massive fishkill. Matson located a leak in […]
The official steel cutting ceremony for the fourth generation or “G4” ships took place this week at the Hudong Zhonghua Shipbuilding’s new shipyard on Chungxing Island near Shanghai. The five […]
The Bremen, Germany-based forwarding company Röhlig has acquired 100 percent of its longstanding agent Procargo in South America. “South America is one of the major growth regions in the […]
With the expansion of the Panama Canal, COSCO Container Lines, part of the CKYH Alliance, is exploring adding more services in the Gulf of Mexico and a new services to […]
The International Longshoremen’s Association will remain an affiliate of the AFL-CIO, and the dockworkers’ union president, Harold J. Daggett, will join four new vice presidents on the federation’s executive council.
Lowe’s Cos., the home improvement store chain, is assembling its own fleet of chassis to move containers to and from marine terminals. Dean Tracy, director of import logistics at Lowe’s, said […]
This year the port has seen 300 post-Panamax ships call and port CEO Jim Newsome said once the Panama Canal opens up, he expects the size of “work horse” ships […]
NCBFAA official warned FMC’s initiative “would – if implemented – significantly increase unnecessary burdens and expense on OTIs, raise significant due process concerns and create needless administrative burdens on the agency’s […]
U.S. small businesses currently exporting to the European Union will have the opportunity to voice their concerns on existing EU trade barriers through a series of cross-country roundtables arranged by […]
The U.S. Trade and Development Agency has awarded a grant for technical assistance to support the Colombian Ministry of Transport in its efforts to develop a plan to implement […]
The French carrier said on Oct. 1 it will raise freight rates on dry and reefer containers moving from North Europe to the U.S. East and Gulf coasts, Canada and Mexico […]
U.S. steel exports increased in July 2.2 percent over June, according to government data analyzed by the American Institute for International Steel. “NAFTA steel demand improved in July […]
“With the tolls going up as much as they did and the prospect of them continuing to go up, it was vital that the terminal be able to do something […]
Deborah Hadden will be responsible for directing the planning, development, marketing, operation, security, financial management, administration, and maintenance of non-aviation properties in the Port of Boston.
The G6 Alliance said it will cancel two sailings in early October as part of its vessel maintenance programme and in connection with the National Holiday in China. […]
The American Institute for International Steel called antidumping cases filed earlier this week with the U.S. government by a group of domestic reinforcing bar manufacturers against suppliers in Turkey and […]
DFDS said the liner carrier’s share in the company was reduced from 31.3 percent to zero after the sale of 4.65 million shares. Maersk remains a major player in the European short-sea market via its Seago […]
Nexus Consulting of Alexandria, Va., said the attacks were carried out by a terrorist group calling itself Al-Furqan and its followers are “seeking to disrupt the canal with extreme means, including deadly […]
Improperly weighed boxes present safety hazards for ships, their crews, other cargo on board, workers in port facilities handling containers, and on roads. These containers also lead to incorrect ship stowage and accidents.
Balder, a self-unloading bulk carrier owned by the Norwegian shipping company Torvald Klaveness and managed by CSL, has become the first vessel to operate in the U.S. Emissions Control […]
The U.S. Export-Import Bank entered its first marketing partnership in Iowa to help the Midwest state’s small and midsized companies boost their export sales and jobs. The City/State Partnership with Iowa […]
Lars Mikael Jensen will become the chief executive officer of the P3 Network Center being created by Maersk, Mediterranean Shipping Co., and CMA CGM, if and when regulatory approvals for […]
The Containerization & Intermodal Institute (CII) will present its 2013 Connie Award to H. Winchester “Win” Thurber III, chairman and chief executive officer of Norton Lilly International, on Dec. […]
Just before Labor Day, the International Longshore and Warehouse Union cut formal ties with the AFL-CIO, expressing concern about jurisdictional battles with other unions as it prepares to negotiate a […]
Meanwhile, a federal judge signed a temporary restraining order last Thursday to get longshoremen at the Wando Welch and North Charleston terminals in Charleston to return to work following a brief walkout.
The carrier will use the new ships to replace aging tonnage. “It is our estimation that the car transport market and ro/ro cargo market will steadily grow, so we will continue […]
Hapag-Lloyd said its Brazil Express Loop 1 (BX1) service is being replaced with a new South America East Coast Service (SEC) that will use slots on the so-called “Tango” […]
Nippon Kaiji Kyokai (ClassNK), the Japanese classification society leading an investigation into the breakup and eventual sinking of the containership MOL Comfort said the analysis and investigation of the […]
Evergreen Line has announced a transatlantic general rate increase on all commodities both eastbound and westbound, effective Oct. 1. For the transatlantic westbound, the GRI will be $150 […]
United Arab Shipping Co. (UASC) has signed a contract with Hyundai Heavy Industries to have the Korean shipyard build it five 18,000-TEU ships and five 14,000-TEU ships. The […]
In its Outlook for U.S. Agricultural Trade released Thursday, the U.S. Department of Agriculture forecasts that agricultural exports will reach $140 billion in fiscal year 2013. If realized, […]