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.
The U.S. Commerce Department said total exports of goods and services in May “dropped slightly” to $187.1 billion, from $187.6 billion in April. The department noted, however, that […]
U.S. steel exports increased in May over April by 11.6 percent, according to government data analyzed by the American Institute for International Steel (AIIS). “Exports of American made […]
An Israeli newspaper reported there are plans to build new terminals in both Haifa and Ashdod and they “will mark a major step forward in efforts to break powerful public sector […]
Prior to his confirmation, he served as the mayor of Charlotte from 2009 to 2013. During that time, he is credited with making transportation investments the centerpiece of Charlotte’s job […]
MOL said it is continuing to tow the fore portion of the containership MOL Comfort to a port where containers can be salvaged. The company said tow wires […]
The third party logistics services provider has expanded its Asia-Pacific operations to include domestic rail freight services in China, and plans to offer intercontinental intermodal service between China and Europe.
Rickmers Group said it has signed a contract for the purchase of five 2,200-TEU container vessels for more than $30 million, increasing its fleet of owned or managed ships […]
A group of nine manufacturers of oil and gas drilling pipe have filed petitions with the U.S. Commerce Department and International Trade Commission requesting antidumping relief from imports of […]
A combination of new grade separations, such as road or rail overpasses or underpasses, and highway-rail grade crossing closures and enhancements, will allow trains on the Piedmont Corridor to travel […]
The U.S. Export-Import Bank has authorized nearly $130 million in financing to support the export of Boeing long-range aircraft and installed GE-90 engines to Ethiopian Airlines. Ex-Im Bank […]
A brief announcement said Li Yunpeng has been named director of the board and the president of COSCO Group and Wei Jiafu has retired and no longer holds any position […]
The 15 container shipping lines that belong to the Transpacific Stabilization Agreement (TSA) on Monday announced a “guideline” peak season surcharge of $400 per 40-foot container from Asia to all […]
Harrington MOL (America) Inc. has appointed Tim Harrington to vice president of Canada and head of MOL (Canada). Harrington will be responsible for sales, customer service, and operations […]
TOTE Logistics, a subsidiary of Saltchuk, has appointed Linda Leary to vice president of commercial development of TOTE Logistics, Carlile’s parent company. Based in Anchorage, her new role […]
The Japanese liner carrier said Saturday evening that it’s continuing to tow the fore portion of MOL Comfort, which broke in half on June 17 in the Indian Ocean. The aft […]
CenterPoint Properties has closed the deal on a one-million-square-foot, six-building acquisition in Houston for $42.6 million. The seller, TA Associates, was represented by Trent Agnew and Rusty Tamlyn […]
After declining for more than a year, the Shanghai Containerized Freight Index (SCFI) spiked sharply higher on Friday, apparently in anticipation of general rate increases (GRIs) that carriers have […]
Momentum Transportation USA, an independent Landstar agency, has acquired Suncoast Ocean Lines, a freight forwarder and non-vessel-operating common carrier based in North Ft. Myers, Fla. Financial terms of […]
Burkhard Eling has taken over the Finance, Legal, and Tax (FLT) Department at third partly logistics services provider Dachser. He succeeds Dieter Truxius, who will remain a member […]
The drivers’ union employed at less-than-truckload carrier ABF Freight System have voted to approve the national portion of the master freight agreement as well as 21 of the 27 supplements.
Direct ChassisLink Inc. (DCLI) said it has acquired the U.S. chassis fleet of Hyundai Merchant Marine. DCLI said it will add “over 23,000 well-maintained, strategically located chassis.” In […]
Penny Pritzker was nominated by President Obama to serve as commerce secretary on May 9. On Thursday, the Senate unanimously voted to confirm Charlotte Mayor Anthony Foxx as the country’s […]
Bayonne Bridge Hundreds of construction workers and shipping industry representatives were on hand Wednesday as New Jersey Gov. Chris Christie and David Samson, chairman of the Port Authority of […]
Trillium said it will add 101 compressed natural gas filling stations throughout the United States by 2016. Its business model for public access stations consists of securing a […]
Non-vessel-operating common carrier Vanguard Logistics Services has added offices in Hanoi and Haiphong, Vietnam. Vanguard opened its first office in the Southeast Asian country’s Ho Chi Minh City […]
Sea Star Line has taken delivery of 150 new 40-foot refrigerated containers in year two of a five year equipment replacement plan. The replacement aims to reduce the […]
The White House announced Thursday it will suspend the eligibility of Bangladesh for tariff benefits under the Generalized System of Preferences (GSP). “Our GSP statute requires certain basic […]
The carriers said they will no longer call the Southeast port with their Gulf Mexico Express service between Europe and the U.S. Gulf and Mexico. The last vessel in the service calling at Charleston […]
MOL said the aft part of the containership MOL Comfort sank in the Indian Ocean around noon, local time, on Thursday, 10 days after it broke in two during […]
The state bill—authored by Sen. Norby Chabert and signed by the governor—modifies the Investor Tax Credit and the Import-Export Tax Credit by expanding the types of port projects that qualify […]
The U.S. Federal Maritime Commission has received 14 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Bellcom, Marietta, Ga. (Cornelius U. Odinjor, […]
The U.S. Federal Maritime Commission has received 14 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 14 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Central Ohio Logistics Center, Jeffersonville, Ohio […]
The U.S. Federal Maritime Commission has received 14 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from ACL America, […]
The U.S. Federal Maritime Commission has received 14 ocean transportation intermediary license applications and changes for review.
FMC reviews 14 OTI license applications
The U.S. Federal Maritime Commission has received 14 ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from ABC Logistics, […]
FMC REVIEWS 14 OTI LICENSE APPLICATIONS
Filings come from California, Florida, Georgia, Louisiana, New York and Texas.
The U.S. Federal Maritime Commission has received 14 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 14 ocean transportation intermediary license applications and changes for review.
Reasons why an applicant should not receive a license or amendment should be filed with the Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 14 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Encore International Corp., Miami (Fatima […]
Reasons why an applicant should not receive an OTI license or amendment should be reported to the FMC’s 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.
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.
NorthPoint Development and NAI Capital Realty have arranged a long-term lease with Demdaco for a 326,650-square-foot distribution center at Logistics Park Kansas City. Demdaco specializes in gift and […]
Steel imports increased in May over April by 2.3 percent based on preliminary government reporting which was analyzed by the American Institute for International Steel (AIIS). “Weak market conditions […]
Press reports in the Financial Times and Reuters cited a filing with the Tel Aviv Stock Exchange that they say indicated Israel Corp. is planning to spin off its non-chemical […]
The company said it will increase its activity in the market by opening a new project management office in Singapore and building two new heavy-lift deck cargo barges for dedicated use in […]
While UPS employees represented by the International Brotherhood of Teamsters on Tuesday voted to approve a new national master contract, the union informed the company the agreement covering UPS […]
Construction of the new “Liverpool2” terminal has begun at the Port of Liverpool in the United Kingdom. Mark Whitworth, chief executive of Peel Ports Group, parent company of […]
A court appeal hearing at the Highest Economic Court in Kiev, Ukraine, for cargo handler Swissport International to try to regain legal control of its former operation in the […]
The United States is now a “listed” country with the European Commission, so that U.S. pharmaceutical companies need not obtain an export certificate from the Food and Drug Administration […]
FedEx Trade Networks, the freight forwarding arm of FedEx Corp., has set up operations in Dublin as part of its ongoing expansion. The Dublin office is the company’s […]
A congressional watchdog agency found that among 56 petitions filed between 2007 and 2012 for relief from unfair trade practices only 21 included at least one small to midsized […]
Damco, the forwarding and logistics services arm of the A.P. Moller-Maersk Group, has ambitious plans for growth over the next several years and a big agenda as it adapts […]
While Germanischer Lloyd (GL) noted “a complete hull design will without doubt achieve much more substantial fuel savings,” shipowners may be able to achieve significant fuel savings by changing […]
Big ships have dominated the shipping news this year. The first in a series of 20 18,000-TEU ships was scheduled to be delivered to Maersk Line at the […]
Japanese liner MOL said it’s working with the shipbuilder, Mitsubishi Heavy Industries, and Japanese classification society Nippon Kaiji Kyokai to arrange inspection of the six sister vessels as quickly as possible.
Sweden’s Wallenius Lines has ordered two large car carriers from Tianjin Xingang Shipyard in China with an option to build two more. The ships, scheduled for delivery in 2015 and 2016, […]
Non-vessel-operating common carrier Troy Container Line will offer an array of new full- and less-than-containerload services to and from Bolivia, Chile, Peru, and Paraguay. Weekly services are now available […]
At first glance, the proposed P3 Network of Maersk, Mediterranean Shipping Co., and CMA CGM — the three largest container carriers in the world — may better stand for […]
The U.S. International Trade Commission has initiated a pilot program to test whether early rulings on certain dispositive issues in some section 337 investigations could limit litigation, saving time and […]
Affirming a district court’s summary judgment, the U.S. Court of Appeals for the 9th Circuit held misdelivery claims against a freight forwarder were barred by a one-year limitations period […]
With no large cargo facilities on or nearby Ellington Airport offering airfield access, Ellington Air Commerce Center will give aviation-related businesses an alternative to Bush Intercontinental Airport on the south […]
The Georgia Ports Authority board has elected Robert S. Jepson Jr. to serve a second term as chairman of the board. Jepson was first appointed to the board […]
The roll-on/roll-off shipping companies that move cars, trucks and heavy equipment are facing a challenging year. Reporting first quarter results in May, Wilh. Wilhelmsen Holding, half-owner of Wallenius […]
ANL Singapore Ltd. and the logistics company Agility will launch a new joint venture in Papua New Guinea July 1. ANL Agencies PNG Ltd., will primarily handle ANL’s […]
Antwerp-based Euronav NV has signed a four-year extension of its $300 million senior secured credit facility originally signed in April 2009 and which, at the time of the extension, […]
P3 Network will operate 255 ships in 29 strings with 2.6 million TEUs of capacity. By Chris Dupin The three largest container shipping carriers — Maersk Line, Mediterranean Shipping Co. […]
Container carriers suffered in 2012, and the 2013 financial outlook appears just as bleak. By Chris Dupin Is the container shipping industry’s tide of red ink ebbing? 2012 […]
DSV has acquired its Colombian agent, Airmar Cargo S.A., strengthening its position in South America. No financial terms of the deal were disclosed. Airmar was founded in […]
In March, less than five years after setting its goal, FedEx Express scored a 22 percent cumulative improvement in fuel economy for its vehicles and set a revised goal to improve the efficiency […]
The URCS is the STB’s general purpose costing system that’s used to estimate variable and total unit costs for Class I railroads, including making determinations on whether a railroad’s rates […]
Conexus, a third-party logistics services provider based in Tulsa, Okla., has relocated its Laredo, Texas operation to a larger facility within the same city. The company first started […]
Barbican Group Holdings Ltd. has acquired Seacurus Ltd., a U.K.-based specialist marine insurance broker that’s a leading provider of marine kidnap and ransom insurance. Seacurus will continue to operate […]
A study released last week by the Maritime Administration said in 2011 the U.S. private shipbuilding and repairing industry directly provided 107,240 jobs (including payroll and self-employed jobs, including […]
After 35 years of service, FedEx parked the last of its Boeing 727 narrow-body freighters when the plane landed Friday afternoon at its hub in Memphis. The midsized freighter was first […]
Rahul Kapoor, senior analyst at Drewry Maritime Equity Research, said “the sheer collapse in Asia-Europe freight rates in the past two months shows how fickle the industry’s demand supply balance […]
Members of a large shipowners’ association that rely on the Malacca and Singapore Straits to transport marine freight to the region and around the world this past week sailed […]
Shipper groups are calling for the proposed “P3 Network” between the world’s three largest container carriers – Maersk, Mediterranean Shipping Co., and CMA CGM – to be scrutinized by regulators. […]
DOT has proposed new or expanded U.S. air carrier rights from four cities – Los Angeles, Atlanta, Detroit, and Charlotte, N.C. – to the Brazilian city, namely for American, Delta, and US […]
After close scrutiny of the competitive effects of the proposed equity investment and joint venture, the Justice Department concluded the facts and circumstances did not warrant any further investigation.
The U.S. Federal Maritime Commission (FMC) has received 15 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.
The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Premier Van Lines International, Mesa, […]
The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from AA Shipping, Houston (Barbara […]
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from A-Logixtic Group, […]
The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Falcon Maritime and Aviation, Jamaica, […]
The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Alltransport International Logistics, Long Beach, […]
The U.S. Federal Maritime Commission has received 15 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.
The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Global Wide Logistics, San Leandro, […]
The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Fastgrow Logistics (Americas), City of […]
Those with objections should contact the Office of Transportation Intermediaries in Washington, D.C.
FMC reviews 15 OTI license applications
The U.S. Federal Maritime Commission has received 15 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Ever Reach Logistics, City […]
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Global Logistic Solution Center, […]
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.
