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.
East Coast Warehouse & Distribution Corp. has opened an expanded non-intrusive (NII) inspection facility located in Elizabeth, N.J. at its comprehensive examination station. The 14-acre facility is located adacent […]
The Citrus Growers Association of South Africa’s CEO said the plan by Maersk and sister company Safmarine to raise reefer rates $1,500 per 40-foot container is “overzealous” and “flawed.”
The Produce Marketing Association (PMA) and Western Growers have created a collaboration that will initially focus the two organizations’ resources on fresh produce food safety. Per a partnership […]
The water levels on the Great Lakes have begun their seasonal decline, so the impacts of the dredging crisis will become even more pronounced in the fourth quarter, warned the […]
The Connecticut Deep Water Port Strategy Study, prepared by Moffatt & Nichol, said “despite its rich maritime history, the Connecticut ports and related maritime industries have not fared well in […]
UK Club is warning of increasing numbers of main engine failure related incidents and accidents following blackouts and says some may be caused by ships switching to low-sulfur fuel as […]
The U.S. Food and Drug Administration, in partnership with international regulatory and law enforcement agencies, took action this week against more than 4,100 Internet pharmacies that illegally sell potentially […]
The shipping lines of the G6 Alliance said they will begin offering a feeder service from German ports to Gothenburg. They said this will allow them to offer […]
“Now at an all-time high for the United States, exports have become an increasingly important driver of activity at domestic ports and their surrounding real estate markets,” Jones Lang LaSalle […]
Drewry Maritime Research said some ship operating costs retreated in 2012, falling by up to 7 percent from 2011 levels, a year when operating costs rose 2 percent to 5 […]
Crowley Maritime Corp. said it will merge Jarvis International Freight, a Houston-based freight forwarding, export packing and logistics company, into Crowley Logistics. Crowley acquired Jarvis in January 2011. […]
GE Capital said it is the lead agent on a $173 million U.S. and Canadian cash flow senior credit facility for subsidiaries of Rand Logistics, a provider of bulk […]
The New Zealand government and the Greek owner of the containership Rena reached a comprehensive financial settlement in respect to matters arising from the ship’s grounding on Oct. 5, 2011.
Stolt Nielsen said it had a net profit of $6.7 million in the third quarter ending Aug. 31, compared to $22.2 million in the same period a year earlier. Operating […]
The U.S. government has charged 11 people and firms in Texas and Russia with illegally exporting high-tech microelectronics. The Justice Department said the electronic parts “are subject to […]
The Spanish terminal operator Grup TCB said a consortium that planned to build and operate a container terminal in Ennore, India, is withdrawing from the project immediately. “The […]
Union Pacific has appointed Jason Hess to vice president of its National Customer Service Center. He succeeds Beth Whited, who was promoted to vice president and general manager […]
North America Western Asia Holdings (NAWAH) announced Tuesday it has entered an agreement with Iraq’s Ministry of Transportation and the General Company for the Ports of Iraq to modernize Maqal […]
As part of the deal, the short line operator entered into a new five-year senior secured credit facility comprised of a $1.875 billion term loan and $425 million revolving credit […]
ICS said shipowners worry about the sufficient availability of low-sulfur fuel to allow ships to comply with the strict IMO regulations on sulfur emissions and potential rising costs.
Ship Finance International Ltd. (SFI) said Tuesday it expects to close on the sale of 6 million common shares in a secondary offering this Friday. On Monday the […]
The Virginia Port Authority said the 64 Express container-on-barge shuttle service between Hampton Roads and the Port of Richmond will increase frequency from two to three sailings per week.
Trucking company Werner Enterprises has opened a new terminal in Brownstown Charter Township south of the Detroit/Windsor, Ontario region to facilitate growing business in eastern Canada. It said […]
Eric Sisco, president of APM Terminals America, said the company’s proposal to lease and operate the Virginia Port Authority (VPA) facilities could free up cash for other transportation projects in the […]
Robert McEllrath, president of the International Longshore and Warehouse Union, was fined $500 and sentenced to serve one day in jail and given an 89-day suspended sentence after a three-day […]
Joaquín Almunia, vice president of the European Commission responsible for competition policy, said during a speech in Nicosia, Cyprus, there is a “need to keep an eye on deals that […]
AirAsia X, an affiliate of AirAsia, a Malaysia-based low-cost carrier and one of Asia’s fastest growing airlines, has become the first customer of CHEP Aerospace Solutions in Asia to […]
The Commerce Department said Chinese manufactured stainless steel sinks are being dumped on the U.S. market. Dumping occurs when a foreign company sells a product in the United […]
The U.S. Export-Import Bank authorized a $118 million direct loan to the Vietnamese government for the export of a Lockheed Martin Space Systems Co. telecommunications satellite and additional goods […]
The International Bunker Industry Association (IBIA) has appointed Capt. Cliff Brand as its new chief executive, effective Oct. 24. A former head of the Gibraltar Maritime Administration, Brand’s […]
LM Wind Power, a large manufacturer of blades for giant wind turbines, will build a new production facility in Brazil’s port of Suape, near Recife. The factory, employing […]
C.H. Robinson Worldwide has formed a new division which will provide logistics services to chemical manufacturers and distributors globally. ChemSolutions offers chemical bulk shipping, safety and sustainability, freight forwarding, […]
The U.S. cargo airline said it filed for protection under Chapter 11 of the federal bankruptcy laws, citing “economic challenges and extreme industry changes that have impacted the international freight […]
FedEx Express will significantly expand its Priority Alert and Priority Alert Plus inbound and outbound services by introducing them to more than 70 countries. These contract-only services, which […]
The 3PL will obtain full ownership of Swift Freight in the UAE, China and India and initially a 33 percent share of ownership of the operation in Africa. DSV will assume full ownership […]
DB Schenker Logistics has expanded its European land transport service to Russia via Berlin, Krakow, Riga and Helsinki. These new gateways are linked with the rest of DB […]
UPS said its annual “Change in the (Supply) Chain” survey of executives in the U.S. high-tech and electronics industry are more confident about the future of global trade and U.S. […]
Peregrine Storrs-Fox, TT Club’s risk management director, said “further delay in this modest legal change is frustrating, particularly since there was substantial consensus concerning acceptable ways to ensure that weight […]
California Gov. Jerry Brown has signed a bill that the Pacific Merchant Shipping Association said will enhance pilot safety in San Francisco Bay and its river system as well […]
Researchers warn unexploded bombs and other military ordnance in the Gulf of Mexico, as well as off the coasts of both the Atlantic and Pacific oceans, could now pose serious […]
U.S. Federal Maritime Commission Reports, final decisions or orders made by the commission and its predecessor agencies between 1919 and 1987 are now available to the public through the […]
Freight broker Total Quality Logistics (TQL) is hiring for its new Cleveland office, expected to open in early November. The addition of Cleveland will give TQL 16 satellite […]
Toll Global Forwarding has appointed Steve Buckerfield as its U.K. managing director. Buckerfield has spent 28 years in the freight industry, working for Emery Worldwide, American Airlines, Walker […]
The Georgia Ports Authority said investment of $14.7 million at the Port of Brunswick’s Colonel’s Island terminal has helped increase roll-on/roll-off and bulk cargo volumes. At his 2012 […]
Celadon Trucking Services has agreed to buy a portion of the operating equipment of Robinson Transport, based in Columbus, Ohio. Terms and conditions of the transaction were not disclosed. […]
Canadian National Railway said it’s fueling two mainline diesel-electric locomotives between Edmonton and Fort McMurray in northern Alberta with natural gas. Keith Creel, executive vice president and chief […]
Crowley Maritime Corp. christened the 16,000-horsepower tugboat Legend and 330,000-barrel tank barge 750-2 in Tampa, Fla. on Thursday. The articulated-tug-barge (ATB) will be used to transport petroleum products between […]
Coalition wants legislation that “would allow more balanced commercial relationships between railways and shippers. This would include the right to a service agreement between a rail company and a customer,” backed […]
The American Institute of Marine Insurance will offer presentations on a wide variety of topics at its annual Marine Insurance Day seminar next month, and is offering the ability […]
Regulatory agencies of the two countries signed an antitrust memorandum of understanding on Thursday to promote increased cooperation and communication. The MOU does not change existing law in either country.
The United States and Gulf Cooperation Council (GCC) on Thursday signed a Framework Agreement for Trade, Economic, Investment and Technical Cooperation. The agreement will establish a Joint Committee […]
The U.S. Export-Import Bank has approved a $4.975 billion direct loan to Sadara Chemical Co. for the export of American goods and services required to build a petrochemical complex […]
With new intermodal yard in Decatur, ADM can move containers efficiently in the U.S. and Canada. By Chris Dupin Archer Daniels Midland Co., the agriculture giant that advertises itself as “supermarket […]
The United States is undergoing the biggest fundamental change to its export control regime in a generation, but risks stalling and losing out on the much needed reform benefits […]
In this lawsuit (Channel Fabrics, Inc. v. Hartford Fire Insurance Company. U.S. District Court, S.D. New York. No. 11 Civ. 3483. Aug. 13.), Channel Fabrics alleged Hartford had improperly […]
AirNet Cargo Charter Services has gone through a dramatic transformation over the past several years.
Accounting and shipping consulting firm Moore Stephens said crew costs were the main reason for the overall increase in 2011, while the cost of insurance fell for the second year in […]
“A number of our customers use GT Nexus as their core supply chain operating platform and we are able to support them by being a certified carrier on that network,” […]
Matson Logistics is expanding its Port of Savannah distribution operations and recently signed a lease to increase its presence at Black Creek in Bryan County, Georgia. The expansion is expected to […]
Non-vessel-operating common carrier Vanguard Logistics Services has opened a new office in Danang, Vietnam. Vanguard Danang was set up with partner, KMG, and will provide freight forwarders with […]
Crowley Maritime Corp.’s new tanker, Pennsylvania, called the Port of Corpus Christi, Texas, for the first time on Wednesday. The port said the U.S.-flag ship ship will “move products […]
Jensen Maritime, a naval architecture and marine engineering firm owned by Crowley Maritime Corp., said former president and part-owner Sue Williams will retire. Williams joined Jensen in 1980, […]
The deal is a major expansion for King Ocean, which has been operating eight ships in services to Aruba, Curacao, and Bonaire and to Colombia, Costa Rica, Guatemala, El Salvador, […]
A working group reached a compromise and recommended that the Safety of Life at Sea (SOLAS) Convention be amended to require that loaded container weights be verified, but was “derailed” by […]
Port Freeport in Texas has issued a request for proposal for development of an 85-acre container terminal alongside the port’s upper turning basin. “It is the port’s intent to enter into […]
Countering U.S. claims, a review of U.S. efforts to comply with a World Trade Organization ruling on illegal subsidies in the so-called “Boeing case” by the European Union found the […]
Non-vessel-operating common carrier Troy Container Line has entered a new partnership with International Forwarding S.L. (IFS) of Spain. After establishing a direct service to Spain seven years ago, […]
Union Pacific has appointed Joe Santamaria to vice president of engineering, where he will lead track, infrastructure and signal systems design, construction and maintenance. The appointment takes effect […]
Kenco, a Chattanooga, Tenn.-based logistics services provider, has entered an agreement to handle U.S. distribution and warehousing for Advantage Consumer Healthcare. “Kenco understands the requirements to effectively manage […]
The Woodland Group, a logistics services provider, has appointed Paul Arnold as head of air freight at Woodland Global. Arnold will develop routes to North America and opportunities […]
FMC reviews 25 OTI license applications
The U.S. Federal Maritime Commission has received 25 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from ASC Global […]
The U.S. Federal Maritime Commission has received 25 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 25 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from AB Group Shipping Corp., Miami (Marcela […]
The U.S. Federal Maritime Commission has received 25 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Advance […]
FMC reviews 25 OTI license applications
The U.S. Federal Maritime Commission has received 25 ocean transportation intermediary license applications and changes for review.
The agency has received 25 ocean transportation intermediary license applications and changes.
The U.S. Federal Maritime Commission has received 25 ocean transportation intermediary license applications and changes for review.
The 15 shipping lines that are members of the TSA have adopted guideline rate and ancillary charge adjustments that they intend to apply to all new and renewed service contracts […]
Aqua Gulf Transport and Hawaii Intermodal Tank Transport said they have formed an alliance to provide transportation with specialized temperature-controlled ISO tank containers in the Puerto Rico and Caribbean […]
The Port of Cleveland has completed construction of a new rail loop. Slightly more than a mile long, the loop is the port’s largest construction project in a […]
The U.S. government on Monday removed Israel from the Special 301 Priority Watch List for improving its intellectual property rights (IPR) protections. “Israel’s action reflects the commitment of […]
Third party logistics services provider Agility has appointed Chris Price to CEO of its Asia Pacific operations, and Mike Bible to CEO of the European operation. Bible replaces Beat Simon who […]
Michael A. Leone, port director at the Massachusetts Port Authority, who will retire at the end of this week, said one of his goals when he took his current job […]
Virgin Atlantic Cargo has appointed Nick Jones to the new post of head of sales. The newly created role, based at the airline’s U.K. headquarters, is part of […]
Landmark Global, a North American cross-border parcel handler, has appointed Mike Graham to director of business development. Before joining the firm, Graham held positions at DHL Global Mail […]
The Port Authority of New York and New Jersey said a new facility for handling animals will be built at John F. Kennedy International Airport. The facility will […]
The Port Authority of New York and New Jersey has agreed to extend the lease of New York Container Terminal (NYCT) through 2029 and implement a new system to identify […]
The International Longshoremen’s Association and U.S. Maritime Alliance have agreed to extend their collective bargaining agreement, which was due to expire at the end of this month by 90 days, […]
The board of directors of the Massachusetts Port Authority (Massport) on Thursday confirmed Thomas Glynn to serve as the chief executive officer and executive director of the Massachusetts Port […]
The Port Authority of New York and New Jersey said it will review Atlantic City International Airport and possible assumption of the airport as a way to expand the […]
The Port Authority of New York and New Jersey is implementing changes to “rid itself of years of inefficiency,” and faces “enormous” challenges and opportunities over the next decade, according […]
The Port Authority of New York and New Jersey has appealed an order by a New York State judge to provide a New York state assemblywoman with a study of […]
The Virginia Port Authority (VPA) and Virginia International Terminals (VIT) said they have created a special Web page dedicated to helping disseminate up-to-date local information to stakeholders and the […]
Japanese freight forwarder Yamato Global Logistics Japan Co. Ltd. has agreed to plead guilty and pay a $2.3 million criminal fine for its role in a conspiracy to fix […]
If a strike by the ILA or a lockout by employers occurs after the current contract expires, President Obama could use provisions within the Taft-Hartley Act to declare a national […]
Michael A. Leone, port director at Massachusetts Port Authority, is retiring after 19 years at the agency. Under his leadership, Boston attracted container liner services from the Asia and improved both its […]