SEC to issue anti-corruption, ‘conflict mineral’ rules
The agency is expected to announce rules on Aug. 22. The provisions are part of the sweeping Dodd-Frank financial reform legislation.
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 agency is expected to announce rules on Aug. 22. The provisions are part of the sweeping Dodd-Frank financial reform legislation.
The Swiss logistics company Panalpina is introducing new technology to better monitor temperature-controlled air freight. Panalpina says one-fifth of the air cargo moved on some routes within its own controlled […]
The law firm Holland & Knight is cautioning shipping companies that the U.S. government has “significantly ratcheted-up sanctions against Iran with a new presidential executive order and new legislation.” […]
An Italian shipowner and its chief engineer on one of its ships were sentenced Wenesday in federal court in Mobile, Ala., for deliberately falsifying records to conceal discharges of […]
Air Canada has selected CHEP Aerospace Solutions to supply and manage its fleet of cargo equipment, known in the airline industry as unit load devices (ULDs). CHEP will […]
FedEx Trade Networks, the freight forwarding arm of FedEx Corp., has started operations in Glasgow, Scotland, as part of its ongoing expansion initiative. This is the third FedEx […]
Al Stanley, president and CEO of Intermarine, said the company had chosen to merge with Scan-Trans because it had a similar focus and little overlap in operations, leaving the combined companies […]
Port of Houston Authority commissioners voted to not go ahead with a plan to build a marsh of up to 411 acres in Galveston Bay with dredge spoils from […]
Ethiopian Airlines on Wednesday received its first U.S. Export-Import Bank-supported Boeing 787 Dreamliner at a ribbon-cutting ceremony in the main terminal of Washington Dulles International Airport. Earlier in […]
The U.S. Export-Import Bank on Wednesday opened a new regional export finance center in Atlanta as part of its Global Access program to promote small business exports. This […]
José Viegas, a Portuguese national, has become secretary general of the Organization for Economic Cooperation and Development’s International Transport Forum. The forum is an intergovernmental organization with 54 […]
The investment firm said Tuesday that it has submitted a proposal to Virginia as an alternative to the offer APM Terminals made in May to operate the state’s three marine terminals in […]
Evergreen is operating the service in response to increasing market demand for feeder space. It said “recent political and economic reforms have attracted significant amounts of foreign investment to the […]
Two shipping companies that specialize in moving project and heavylift cargo – Houston-based Intermarine and Denmark’s Scan-Trans Holding -announced Wednesday that they are merging. The combined companies will […]
“If an index on container rates might prove useful to exporters of agricultural products, such an index should be created by private interests and not an agency of the federal […]
Virginia Transportation Secretary Connaughton said “we are now in the process of reviewing the proposals to determine whether the documents satisfy the minimum submission criteria set out in the request […]
BDP revealed earlier this year that it was speaking to private equity investors to help it grow and diversify capital sources, but decided after a seven month review that the […]
Agility, the Kuwait-based logistics company provider, said it had a profit of 7.8 million Kuwait dinar ($27.6 million) in the second quarter 2012, about equal to what it earned […]
Germany’s Hamburger Abendblatt newspaper reported that Erck Rickmers will step down from his job in the Hamburg parliament at the end of August to focus his attention on the […]
Seattle-based Jensen Maritime Consultants, a Crowley Maritime Corp. company, has expanded its presence to the U.S. Gulf with the opening of a third office in New Orleans. The […]
The FAA alleges that between Aug. 2 and Aug. 12, 2010, FedEx employees in numerous locations around the country improperly accepted several dozen shipments containing hazardous materials for air transport.
The U.S. Commerce Department has approved a new foreign trade zone (FTZ) in Miami-Dade County at PortMiami. “The new Foreign Trade Zone in Miami will provide Florida businesses […]
The U.S.-based Coalition for Sugar Reform pointed to a 12 percent increase in world sugar prices from June to July as another reason for Congress to reform the U.S. […]
The private equity firm agreed to purchase 4.4 million common shares of Navigator Holdings Ltd. from the bankrupt Lehman Brothers Inc. (LBI) for $110 million, more than doubling its holdings […]
The International Transport Workers’ Federation said Monday that privatization plans have been temporarily put on hold at Puerto Quetzal, Guatemala’s largest Pacific port. ITF, which is an international […]
Zim said it will impose a $20-per-TEU low-sulfur fuel charge, effective Sept. 15, on cargo moving between North Europe/Mediterranean and North America (all coasts) in both directions. Zim […]
The U-Freight Group (UFL) has apointed Steven Wong to vice president of sales and marketing for its main subsidiaries, U-Freight Ltd. and U-Ocean Ltd. in Hong Kong. Wong, […]
The Montreal-based stevedoring and transportation company Logistec has acquired CrossGlobe Transport, a firm which provides port logistics services for forest products, auto parts and other cargo at three terminals […]
Hapag-Lloyd said it would increase transatlantic freight rates on October 1. Rates on eastbound cargo moving through ports on U.S. Gulf coast and the east coasts of Mexico, […]
Trailer Bridge said it had completed a $9 million investment in state-of-the-art high cube 53-foot steel containers. The Company will take delivery of 800 containers this month and […]
Federal, state, and local politicians highlight benefits for Philadelphia of dredging Delaware River, with a proposed terminal expansion based on increasing channel depth from 40 to 45 feet
After postponing new canal transit fee announcement, Panama authority sets new toll structures for next two years to provide pricing stability, while also setting up different rate levels for 10 […]
The Grand and New World alliances of liner shipping companies have added a 10th vessel to their joint weekly EUM service between Asia, the Mediterranean and the Middle East, increasing roundtrip […]
Retailer to build 20-story turbine to provide 15 to 20 percent of electricity needed at Northern California distribution center, another move by the company to meet its 100 percent renewable […]
It recommends “bringing predictability, accountability, and a larger view to the (port) commission’s governing structure by specifying clear appointment terms and term limits,” and adding a governor-appointed board member.
M-O will carry freight across the Canada/U.S. border, while U.S. Xpress will be responsible for Mexico/U.S. border crossings. The border crossings served through the partnership are Buffalo/Niagara and Detroit/Windsor.
A newspaper in Costa Rica reports a court in that country turned aside challenges to plans by APM Terminals to build a $1 billion port in Moin. The […]
The U.S. Transportation Department on Monday awarded a $17.6 million grant to rehabilitate an aging runway and taxiway at Cincinnati/Northern Kentucky International Airport. “This funding will help the airport […]
The guitar maker on Monday entered into a criminal enforcement agreement to resolve a U.S. investigation into allegations that it illegally imported ebony wood from Madagascar and rosewood and ebony from […]
Worldwide Flight Services (WFS) has appointed Jay B. Shelat to senior vice president of cargo terminal services in North America. He will be based in Dallas. Shelat […]
Tosca Ltd., a provider of reusable container pooling and logistics services to the food supply chain, has acquired the reusable plastic container division of Georgia-Pacific (GP RPC). “The […]
The German line will introduce and revise its low-sulfur fuel charge, effective Sept. 3, for its transatlantic services to account for an emissions control area (ECA) off the coast of North […]
Totem Ocean Trailer Express (TOTE) said it will convert its two “Orca class” trailer ships to run on liquefied natural gas to make them “among the cleanest in the […]
He replaces Neel Shah, who recently stepped down from the position. Charaf, a 16-year veteran of the airline including four years as head of Delta Cargo, will maintain his current […]
The U.S. Export-Import Bank has authorized a $32.1 million loan guarantee to Wind Power Energia S.A. of Sao Paulo, Brazil, to buy wind turbine blades manufactured by LM Wind […]
Scandinavian freight forwarder Martin Bencher Group has opened an office in Long Beach, Calif. The office will be managed by Steve Jurica, former operations manager of the firm’s […]
This is the first phase of the Singapore-based container carrier’s plan to withdraw from chassis provisioning throughout the United States. In the future, it said motor carriers will provide chassis […]
The lawsuit, in which ABF claimed subsidiaries of YRC Worldwide and the Teamsters violated the National Master Freight Agreement, was dismissed by Judge Susan Webber Wright of the U.S. District Court […]
The Jones Act container carrier Horizon Lines said it had a net loss of $46 million in the second quarter, compared to a loss of $5.4 million in the second […]
CEVA Logistics reported a loss of 72 million euros ($88.5 million) in the second quarter of 2012, compared to a loss of 41 million euros in the same 2011 […]
Crowley Liner Services pleaded guilty and was sentenced to pay a $17 million criminal fine for its role in a conspiracy to fix prices in the trade between the […]
Maersk Line, Ltd. (MLL) said Thursday it has completed the acquisition of 3PSC, a privately-held company that operates ships for the U.S. Navy. Based in Cape Canaveral, Fla., 3PSC has contracts […]
Caterpillar Inc. said it completed the sale of a 65 percent stake in its Caterpillar Logistics Services business to Platinum Equity in a deal valued at about $750 million. […]
Swissport International, a provider of ground services to airlines, has secured two additional cargo customers at Amsterdam Schiphol Airport. Starting this month, Swissport Cargo Services will begin handling […]
The St. Lawrence Shipoperators (SLS) board has elected Daniel Bélisle to chairman. Bélisle, senior vice president of Oceanex, replaces Carole Campeau, who served as SLS chairman in 2006-2008 and […]
The information company Panjiva said it has created a new product called Maritime Monitor that it says is designed “to meet the trade analysis and lead generation requirements for […]
Rep. Charles Rangel, D.-N.Y., on Thursday introduced the Cotton Trust Fund Act (H.R. 6265) in the House, a bill he said is designed to help U.S. cotton shirt manufacturers […]
The board of the American Society of Transportation and Logistics (ASTL) has elected Michael Segal as its 2012-2013 chairman. Segal is director of logistics and operations planning at […]
Both the U.S. House and Senate on Thursday passed legislation to a extend key provision in the African Growth and Opportunity Act enacted by President Clinton in 2000. […]
James McNamara, the ILA’s spokesman, said the union remains optimistic about reaching an agreement following last month’s agreement between the union and management on issues involving automation and chassis.
The port authority anticipates about 600 vessels a year will participate in the CVI program, and it will yield annual emission reductions of 182.2 tons of nitrogen oxide, 38.3 tons […]
The U.S. Maritime Administration has denied an application by American Petroleum Tankers (APT) for a Title XI loan guarantee for five 49,000-deadweight-ton petroleum tankers that were built at the […]
The ocean carriers Hapag-Lloyd and Hamburg Sud have added an eighth vessel to their weekly Europe-to-Middle East and Indian Subcontinent IOS service and increased roundtrip voyage time from 49 […]
The two U.S. senators from California, Barbara Boxer and Dianne Feinstein, are urging clerical workers for shipping companies and their employers to work toward resolving their differences and reach […]
In Wednesday’s AS Daily, it was misreported that Nordana dropped its U.S. East Coast-West Africa service. According to Bob Chick, president of Nordana USA, the service remains in operation.
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service said it has with assistance from federal, international and industry partners successfully released 209 shipments of American products valued at more […]
Since fiscal year 2007 through July 26, 2012, the bank has authorized about $710 million to Minnesota businesses to support $1.4 billion in export sales.
The U.S.-Libya Business Association (USLBA) on Wednesday welcomed the “Cairo Declaration” announced by the foreign ministers of Libya, Tunisia and Egypt. The declaration strives for the three countries […]
The U.S. International Trade Commission said three years after its implementation, the Earned Import Allowance Program (EIAP) is not providing enough incentives to help boost the competitiveness of Dominican […]
EU ProSun said Europe’s solar industry is “being decimated by unfair competition from China leading to layoffs, and one major European solar bankruptcy every month,” furthering warning the domestic industry will […]
A coalition representing manufacturing, agricultural, retail, and transportation interests, jointly filed a friend of the court brief supporting the ATA’s challenge to the hours of service rules handed down last […]
Lea Bogatch-Genossar has been appointed president of Zim American Integrated Shipping Services, effective Aug. 6. She will replace Shaul Ramon, who finishes a three-year tenure.
Liner carrier Mediterranean Shipping Co. said it’s raising rates on cargo moving from Asia/Southeast Asia countries to the United States, including Puerto Rico. The general rate increases, effective […]
Con-way Inc. said it had 2012 second-quarter profit of $41.8 million, compared to $29.4 million in the same period last year. Revenue for the 2012 second quarter (after […]
The Port Authority of New York and New Jersey said the ExpressRail system that serves its marine terminals handled 228,298 containers in the first six months of the year, 10 […]
Tropical Shipping, which primarily transports containerized freight to the Bahamas and the Caribbean, moved 40,000 TEUs in the second quarter ending June 30, up from 36,500 TEUs in the same period […]
The U.S. arm of AMI, a large air freight and express space wholesaler, has centralized its Spot Rates department at its U.S. headquarters in Dallas. The action replaces […]
Trailer Leasing Alliance (TLA), based in Wayne, Pa., has started full-service trailer leasing operations with 16,000 late model 53-foot trailers. These trailers were recently acquired by US Trailer […]
Saddle Creek Logistics Services, based in Lakeland, Fla., has appointed Duane Sizemore to senior vice president of marketing and business development. Sizemore takes over from Stephen Cook, Saddle […]
WCT World Container Trading GmbH of Germany has appointed Olaf Gayko to managing director. Gayko’s experience includes management of container trading and leasing. WCT started operations in 1998.
Government officials and business leaders are using last week’s report from the FMC on U.S.-bound sea freight moving through Canadian and Mexican ports to support calls for HMT reform and […]
The Swiss forwarding and logistics company had consolidated profit of 17.3 million Swiss francs ($17.7 million) in the second quarter ending June 30, 46 percent less than the 32 million […]
Crowley Maritime said it will offer less-than-containerload ocean and air cargo lifts along with customs brokerage services to Cartagena, Colombia as the first step in an expansion of its […]
The U.S. Commerce Department on Monday announced an array of antidumping duties for imports of large residential washers from Mexico and South Korea. Dumping occurs when a foreign company sells a […]
The Port of Longview in Washington state has appointed Geir-Eilif Kalhagen to chief executive officer, effective Sept. 1. He succeeds long-time executive Ken O’Hollaren. Port of Longview’s […]
“This is a great victory for Canadian ports and carriers. The study’s findings debunk claims of unfair practices by Canada,” said Perrin Beatty, president and chief executive officer of the […]
The U.S. Trade and Development Agency awarded a $345,060 grant to the Bahia State Infrastructure Secretariat (SEINFRA) to support the development of a plan for the modernization and expansion […]
The Commerce Department on Friday ruled that China and Vietnam have dumped utility-scale wind turbine towers on the U.S. market. Dumping occurs when a foreign company sells a […]
The U.S. Surface Transportation Board said last week that it has begun two initiatives to explore ways to further protect so-called captive shippers who are served by a single railroad […]
Non-vessel-operating common carrier Shipco Transport has opened an office in Xiamen, China. The new office is in the middle of the Haicang and Xingyu Terminal. Justin Sun […]
Southwest Airlines Cargo has partnered with Evergreen Aviation Ground Logistics Enterprise to provide cargo handling services at the Milwaukee airport, effective Monday. The airline had been temporarily using Road […]
Liner carriers are doing their utmost in these economically depressed times to prevent their operations from becoming just another humdrum commodity-based business. To do this, some carriers are […]
In a 2-1 decision revolving around careful documentation, record retention, and e-commerce systems, an appellate court upheld the U.S. Court of International Trade’s denial of a claim by Ford […]
As the United States prepares to begin enforcing its new low-sulfur fuel requirements for ships operating in coastal waters this month, experts are worried about the availability and cost […]
The project cargo business has been one of the more stable sectors of the shipping industry in recent years and continues to have a fairly bright outlook.
The 44-year old insurer TT Club is now offering coverage for a new group of customers—shippers.
Rick Campbell, chief executive officer of ICAT Logistics, said franchising is one of the fastest growing segments of U.S. business, and he also believes it’s an effective way to […]
The decision to draw down 30 million barrels of crude from the U.S. Strategic Petroleum Reserve (SPR) is still making news a year later. That’s not much oil […]