Jones Act waivers that don’t add up
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 […]
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 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 […]
A group of 10 legislators push to restore requirement that 75 percent of U.S. food aid be carried on U.S.-flag ships after provision in proposed federal highway bill threatened to […]
The president of the San Diego Customs Brokers Association, along with three international trade companies and seven other individuals, are facing federal charges following a probe targeting a multimillion […]
Pacer International said it had a profit of $1.3 million in the second quarter ending June 30, compared to $4.2 million in the same 2011 period. The Dublin, […]
C.H. Robinson said it had a profit of $114.6 million in the second quarter, 3.2 percent more than in the same 2011 period. Total revenues were $2.96 billion […]
Norfolk Southern said it had profit of $524 million in the second quarter, 6 percent less than in the same 2011 period. Railway operating revenues of $2.9 billion were […]
An American Shipper story July 20 last week, “President puts 7 port projects on the fast track,” reported on a White House announcement about efforts to expedite infrastructure projects at […]
American Petroleum Tankers says, after two years, the government will decide by end August whether to grant a Title XI loan guarantee for five 49,000-dwt. tankers built between 2006 and 2010 in California.
Failure to accelerate a study into the global availability of low sulfur fuel for ships has “billion dollar implications,” says the International Chamber of Shipping.
UPS said it had profit of $1.1 billion in the second quarter ending June 30, 2.2 percent more than in the same 2011 period. Revenue was $13.3 billion […]
Rail Logistics is expanding its “Cold Train” logistics service, adding new equipment and adding new destinations this year. In early 2010, Rail Logistics launched the intermodal reefer service […]
Paul Jaenichen was sworn in as deputy administrator for the U.S. Maritime Administration last Friday and began his new job on Monday, July 23. An Annapolis graduate, Jaenichen […]
The two largest owners of shortline railroads in North America have agreed to combine. Genesee & Wyoming Inc. said it will purchase RailAmerica for $27.50 per share, for […]
The White House said port projects in Jacksonville, Miami, Savannah, Charleston and New York/New Jersey will be expedited by executive order as part of a program to make the review process […]
APT is asking a federal judge to order MarAd to make a decision on whether to grant it a loan guarantee for five 49,000-deadweight-ton petroleum tankers that were built at the […]
The ocean carrier Maersk Line has extended its weekly Southeast Asia to Oceania double-loop NZ1 service further into New Zealand and added a 10th vessel, increasing the full butterfly […]
The International Longshoremen’s Association and the U.S. Maritime Alliance (USMX) said Thursday they had “reached an agreement in principle on issues involving the introduction of new technology and automation […]
The ocean carrier Maersk Line has trimmed its Mediterranean-to-West Africa services by terminating its WAF10 service while simultaneously slowing its WAF1 and speeding up its WAF3. Maersk has […]
New Orleans Cold Storage (NOCS) opened a new 142,000 square-foot terminal in Port of New Orleans on Thursday. The company, which said it’s the oldest cold storage company […]
The Port Authority of New York and New Jersey has figured out a way to shave six months off the timetable for the $1 billion bridge reconstruction, which involves raising the road […]
No objections were filed to Hainan’s application, which sought rights available under the U.S.-China aviation agreement. Hainan proposes initially to operate four-times-weekly service, using Boeing 787 aircraft, beginning in the […]
The U.S. Senate Finance Committee marked up and passed a bill on Wednesday that strengthens Customs and Border Protection’s efforts to combat antidumping and countervailing duty evasion.
Union Pacific said its second quarter ending June 30 was its most profitable ever. The Class I railroad had a profit of $1 billion, 28 percent more than the $785 […]
Demand for fresh blueberries is high in South Korea, with growers potentially shipping up to 1 million pounds this season. “The first shipment arrived in South Korea on July 2 […]
The U.S. Senate Finance Committee on Wednesday passed legislation that makes certain improvements and amendments to the African Growth and Opportunity Act (AGOA), America’s trade preference program for sub-Saharan Africa, […]
Werner Enterprises had a profit of $30.7 million in the second quarter ending June 30, 11 percent more than in the same 2011 period. Revenue was up 1 […]
The Produce Marketing Association and United Fresh Produce Association ended merger discussions Tuesday, citing unresolved differences in combining both their memberships and support staffs.
Although Maersk has exited the Wallis and Futuna, and Vanuatu island trades, freight forwarders on the islands are confident that they will find ways through other carrier services to move […]
Two major U.S. railroads reported improved results for the second quarter on Tuesday, with their bottom lines boosted by better revenues from hauling intermodal cargo and automobiles. CSX […]
Consolidators International, Inc. has appointed Malcolm Bermingham to the new position of vice president of sales and operations. Bermingham, who has more than 20 years of industry experience, […]
Crowley Maritime Corp. has promoted Mike Golonka to vice president of the company’s ship management team. Golonka, who previously served as general manager for ship management, will continue […]
In a lawsuit filed Friday in the U.S. District Court for the District of Alaska, the state seeks an injunction keeping the EPA and Coast Guard from their plans to begin […]
The National Retail Federation asked the the ILA and dockworker employer representative to commit themselves to continuing talks and normal port operations on the U.S. East and Gulf coasts even […]
Railroads have filed an appeal with the U.S. Court of Appeals for the District of Columbia seeking to file a lower court’s decision to certify a class action against […]
Military Sealift Command fleet replenishment oiler USNS Henry J. Kaiser, which is currently providing logistical support for U.S. Pacific Fleet’s biennial Rim of the Pacific exercise off Hawaii, will […]
The freight forwarding giant had a profit of 279 million Swiss francs ($283 million) in the first half of 2012, 11 percent less than the 314 million Swiss francs earned in […]
Weeks Marine said it plans to christen a new $41 million ocean-going hydraulic cutter suction dredge, CR McCaskill, today at its Houma Marine Yard in Houma, La. The vessel is […]
The U.S. Commerce Department’s National Oceanic and Atmospheric Administration said the International Maritime Organization Safety of Navigation Subcommittee has approved amendments proposed by the United States for the Santa Barbara […]
The carrier has consolidated its Middle East-to-East Africa services by terminating its Dar Express service while simultaneously extending its Masiika Express loop to include a call at Dar es Salaam, […]
Industrial Destiny, an 8,000-deadweight-ton vessel, will sail for Paita on July 20. Other regular port calls on the service include Esmeraldas and Guayaquil in Ecuador, Peru’s Callao, and Puerto Angamos, […]
Bruce N. Scholnick, who led the National Wooden Pallet and Container Association (NWPCA) as its president and chief executive officer for 12 years, defended industry on state and federal regulatory […]
Artist Rendition The Port of Redwood City in South San Francisco Bay said it expects construction to begin soon on a project to modernize two wharves. The port […]
Raleigh, N.C.-based logistics company Longistics said its global division, Longistics International, has signed an agreement to operate Foreign Trade Zone 93 for another five years with the Triangle J […]
APM Terminals, which made a proposal in May to operate the facilities of the Virginia Port Authority under the state’s Public-Private Transportation Act, said it welcomes the state’s decision […]
Brightpoint said that it had entered into a logistic services agreement with Fitbit, a manufacturer of fitness and health devices. Indianapolis-based Brightpoint will provide these services to Fitbit in both North […]
The report will detail the availability of 20-, 40-, and 40-foot high cube “dry” containers at 18 locations around the country, as well as 20- and 40-foot refrigerated containers for […]
Russia has until July 23 to notify the WTO that it has ratified and accepted the terms for its membership. Thirty days after Russia notifies the WTO that it accepts […]
When President Obama visited the New York World Trade Center last month, the Port Authority of New York and New Jersey inconvenienced thousands of commuters and annoyed New York […]
Retailers are urging the International Longshoremen’s Association and employers to reach a labor agreement well in advance of Sept. 30 when their current contract expires, saying a disruption to […]
Pasha Hawaii has begun offering container service between San Diego and Hawaii. The Honolulu Advertiser said Wednesday that the first shipment of containers arrived in Honolulu last week. […]
Non-vessel-operating common carrier Troy Container Line has entered an agency partnership with Cargolines in Europe. The partnership comes just a year after Troy initiated its direct service to […]
New York-based Eagle Bulk Shipping has promoted Adir Katzav, previously director of financial reporting, to chief financial officer. Katzav succeeds Alan S. Ginsberg, who is leaving the company in […]
A fleet of about 27,000 road trailers previously owned by the Transport International Pool, Inc. (TIP) subsidiary of General Electric Capital Corp. was acquired Tuesday by Wood Creek Capital […]
Hansa Heavy Lift, based in Hamburg, Germany, has named Tomas Dyrbye, former group senior vice president at AP Moeller-Maersk, as its chief executive officer, effective Aug. 1. Dyrbye, […]
The Port of Halifax said the liner shipping company Zim will add a new call this month on its Zim Container Service Atlantic, or ZCA, service. The port […]
ChemLogix, a provider of chemical industry transportation management technology and supply chain consulting services, has appointed Mike Challman to vice president of its North American operations. In this […]
Rickmers-Linie, part of Hamburg, Germany’s Rickmers Group, has promoted Ulrich Ulrichs to managing director. Ulrichs joined Rickmers-Linie in 2005 when he took over responsibility for line management. In […]
The U.S. Department of Agriculture is asking producer and importer groups to nominate candidates to serve on the Cotton Board. The department seeks nominees to fill eight member […]
Virginia State Senate Majority Leader Thomas K. Norment said a working group of state legislators advising Gov. Bob McDonnell will hold a public hearing on possible privatization of the Virginia […]
ADC Telecommunications resolves allegations that it submitted false claims to federal agencies when it sold equipment manufactured in countries prohibited by the Trade Agreements Act.
The Cape Breton Regional Municipality, which bought 500 acres from Laurentian Energy Corp., has launched a marketing campaign to promote a new deep-water container port in Sydney, Nova Scotia.
The ocean carrier has added a new port call at Singapore, and an additional vessel to its weekly Mashariki Express service.
The United States on Thursday requested dispute settlement consultations at the WTO challenging China’s imposition of antidumping and countervailing duties on more than $3 billion in exports of American-produced automobiles.
The ocean carrier Maersk Line has added a sixth vessel to its weekly Horn of Africa service between Southeast Asia and the Middle East and East Africa, increasing roundtrip […]
GM called it “one of the largest logistics agreements in the European automotive industry to date” and said it would allow it to reduce costs and focus its internal resources […]
The ocean carrier Maersk Line has once again added a 12th vessel to its weekly FEW2 service between Asia and West Africa, increasing roundtrip voyage time from 77 days […]
The Japanese Shipowners’ Association said a decision by the Panama Canal Authority (ACP) to delay planned toll hike for three months does not go far enough. In a […]
The Port of Tanjung Pelepas (PTP) is investing 1.4 billion Malaysian Ringgit ($441 million) over the next three years to accommodate larger ships, according to an article in the […]
The U.S. Transportation Command (Transcom) has announced Universal Service Contracts that it estimates could be worth about $6 billion to 22 U.S.-flag shipping companies over a three-year period. They […]
U.S.-flag shipping advocates are expressing alarm over a provision in the surface transportation bill passed by Congress last week that they say could result in a third less food aid […]
The Obama administration on Monday announced the outcome of its 2011 Annual Review of the Generalized System of Preferences (GSP), a 36-year-old trade preference program under which the United […]
FedEx Corp. said Tuesday it has completed the acquisition of Tatex, a French business-to-business express transportation company. The company said the purchase “represents the latest step in the […]
“Shippers, manufacturers and transportation companies must remain aware of the increased security risks during the upcoming holiday weekend,” said Dan Burges of FreightWatch International.
Klaus-Michael Kuehne, honorary chairman of forwarder Kuehne+Nagel and the largest investor in the container carrier Hapag-Lloyd, believes the other leading German container carrier, Hamburg Süd, would be an ideal […]
Phil Cowan has returned to shipping accountant and consultant Moore Stephens as head of corporate finance. He was most recently group chief financial officer of V.Group Ltd. and […]
ChemLogix, a provider of chemical industry transportation management, technology, and supply chain consulting services, has promoted Ed Hildebrandt to senior vice president of business development. “Ed has been […]
Inchcape Shipping Services has set up a new regional team for its Europe and North Africa operations. ISS recently reduced its world operation from eight regions to four, […]
Horizon Lines, a U.S. domestic ocean shipping company, was recognized by the Chamber of Shipping of America (CSA) for its safety record, as well as for the rescue earlier […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has created a new Website to provide importers with information about the commodity import approval process for plants […]
The order comes on top of an early FedEx annoumcement to buy 27 new B767s for delivery between fiscal 2014 and 2018. It also plans to purchase another 24 B777s to add […]
A judge in Longview, Wash., declared a mistrial Friday after six jurors could not reach a verdict in a trial involving Robert McEllrath, president of the International Longshore and Warehouse […]
Matson, Inc. said its stock began trading on the New York Stock Exchange today under the ticker symbol MATX, following the separation of Alexander & Baldwin Holdings, Inc. into […]
Canadian Pacific Railway named Hunter Harrison president, chief executive officer, and a member of its board of directors. Until Dec. 31, 2009, he had served as head of competing railroad […]
UN Group adopts new draft cargo convention
UN group adopts new draft cargo convention