Shipping

Treasury Secretary Steven Mnuchin and French Finance Minister Bruno Le Maire on Sept. 3 stated a shared commitment for their countries to work constructively on a solution to international taxation […]

Customs and Border Protection (CBP) officers arrested a 24-year-old woman on Sept. 2 at the Port of Lukeville, AZ, for attempting to smuggle 53 pounds of methamphetamine from Mexico to […]

Companies like Safe Bulkers are booking their ships at considerably higher rates, yet investor interest remains muted.

Although consumption rates in Europe have remained durable and kept cargo demand reasonably buoyant this year, the U.S.-China trade war and ‘Brexit’ are casting dark clouds over the European economy […]

Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, […]

Sixth largest container shipping firm cites Asian demand for fresh food as prompting the move.

South Florida’s customs brokers and forwarder employees begin returning to their offices, with the region mostly avoiding the damaging effects of the hurricane.

Northeast Florida readies for Hurricane Dorian, Uber and Lyft offer free rides, Georgia ports remain closed and UPS issues pickup and delivery advisory.

The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan. 1 deadline approaches, says consultant

The London-based startup is helping ships to optimize their port docking time, allowing them to sail early and save on fuel by sailing slower.

Maersk, Hapag-Lloyd, HMM and OOCL have announced plans to impose penalties on shippers.

After 35 years representing the National Customs Brokers and Forwarders Association of America on Capitol Hill, Jon Kent has decided it is time to retire.

Hurricane Dorian’s approach upward along the U.S. Southeast coast will shutter maritime and rail assets throughout the region during the week.   Dorian was located just 100 miles off the Florida […]

A study sponsored by Canadian dockworkers has tried to quantify the impact of container terminal automation.

Customs and Border Protection announced that it will suspend operations at the two Georgia seaports for Sept. 3-4 with the approach of Hurricane Dorian.

If Sea-Land founder Malcom McLean is recognized as the “father of container shipping,” then surely Charles Morgan should be deemed the “father of integrated shipping” since he was the first […]

Two San Juan, Puerto Rico container terminals can merge but will be subject to additional scrutiny by the Federal Maritime Commission.

Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.

Ship traffic has not yet halted, but vessels warned to find shelter away from local ports.

The Office of the U.S. Trade Representative (USTR) is accepting comments through Oct. 31 on foreign barriers to exports of U.S. goods and services, U.S. direct foreign investment, and protection […]

With Hurricane Dorian bearing down, Customs and Border Protections’ 2,500 staff in Florida, as well as its various marine and aircraft assets, are prepared to respond.

A direct hit on both Freeport and Miami would compound fallout for ocean shipping.

Ocean carriers are deploying ever-larger box ships to drive down slot costs and emissions per unit. But they are sacrificing their own flexibility and are driving up costs for ports and truckers. Overall, the hoped-for benefits haven’t appeared and may even be a net negative, analysts say.

COSCO Shipping Ports (HKEX: 1199)  reported higher revenue and volumes for the first half of the year. But the spin-off of a stake in one of its port assets and […]

A tanker owner and operator were fined $1.5 million each for violating environmental laws within the U.S.-Caribbean emission control area.

New official figures from China’s Ministry of Transport show that the volume of containerized ocean freight, as measured in twenty-foot equivalent units (TEUs) through China’s 49 main box-ports in the year continue to rise despite the Washington-Beijing trade tensions. But it seems that Vietnam might be benefiting from the turbulence, according to data found in FreightWaves’ SONAR database.

Japans NYK has ordered two new ships to respond to demand by shippers of wind turbine blades and other large equipment.

Study criticized by former Trailer Bridge CEO examined the Jones Act’s impact on Puerto Rico’s economy.

Strong regional and transloading demand keep inbound numbers strong.

LNG shipping rates are being driven by seasonal issues. Box shipping rates are behaving counter-seasonally.

The Office of the U.S. Trade Representative (USTR) has released notices for publication in the Federal Register to increase tariffs across almost all imports from China. One notice would increase […]

Marine terminals to offer guaranteed empty returns, common portals for truck appointments.

French President Emmanuel Macron on Aug. 26 claimed that the U.S. and France reached a deal regarding France’s digital tax framework, after the Office of the U.S. Trade Representative started […]

Norway’s Wallenius Wilhelmsen, a major global ocean carrier of vehicles, now faces a criminal prosecution in Australia after the local competition regulator filed charges against it.

Rates manage to outperform volume drops as carrier swings to profit.

Best-of-both-worlds business model of LPG carrier Epic Gas strives for both defensibility and growth potential.

Avocado supplies are expected to return to normal after a summer shortage sent prices skyrocketing in July. Prices spiked in mid-July due to imports of avocados from Peru and Mexico […]

U.S. Customs and Border Protection said it will introduce “in the coming months” a new automated tool for importers and exporters to submit their electronic vessel manifest confidentiality requests to the agency.

Polaris New Energy is building a bunker barge to bring LNG to the growing number of cruise and cargo being powered with natural gas.

The Commercial Customs Operations Advisory Committee (COAC) Rapid Response Subcommittee on Aug. 21 proposed that Customs and Border Protection (CBP) support a “Northern Triangle Trade and Job Promotion Act” to […]

John Fredriksen’s shipping companies are increasing their exposure to IMO 2020 market effects.

Container ship firm plans pledge to coincide with upcoming G7 summit in France.

China will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs across about $262 billion worth of goods from […]

Ports of Los Angeles and Long Beach plan further cooperation to ensure they are the “gateway of choice in North America.”

Fourth-largest ports operator sees tepid volume growth, but logistics provides offset.

An exclusive FreightWaves interview with Concordia Maritime CEO Kim Ullman on product-tanker fundamentals and IMO 2020 fallout.

The Commercial Customs Operations Advisory Committee (COAC) on Aug. 21 approved a recommendation for Customs and Border Protection to allow carriers to assume liability for initial in-bond shipments, where the […]

Five container terminals in the Port of New York and New Jersey have increased rates in an update to their FMC agreement.

Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.

Freight tonnage will grow 25.6 percent by the end of the next decade, the American Trucking Associations (ATA) predicts in its annual ATA Freight Transportation Forecast: 2019 to 2030.

Truck wait times at ports of entry along the United States-Mexico border are up, from El Paso, Texas, to Otay Mesa, California. Industry professionals said the longer wait times are […]

Sanguine outlook could flip, but retailers look well stocked ahead of peak season.

Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…

Concerns about the port automation has sparked studies by the Port of Long Beach and other California agencies.

VLCC rates are up over 200% month-on-month. Trans-Pacific box shipping rates are down 11% since the beginning of August.

The U.S. Justice Department said American Airlines has agreed to pay a $22.1 million civil penalty to resolve allegations that it falsely reported the times it transferred U.S. mail to foreign postal services.

ZIM, which has entered into space-sharing agreements with Maersk and MSC, says it plans to “double down” on efforts to grow with its partners.

Maersk is partnering with Indian digital freight startup BlackBuck to enter the Indian containerized trucking market for export-import logistics.

Women In Trucking will honor transportation firms at its Accelerate! Conference & Expo.

The next global recession would have a different impact on ocean shipping markets than the 2008-09 financial crisis.

Import volumes see best month in 2019, but year-to-date still lower.

Napier Port, located in Hawke’s Bay on the North Island of New Zealand, has begun trading on the New Zealand Stock Exchange (NZH) at an offer price of N$2.60 (US$0.64), raising NZ$234 million (US$149.94 million).

WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.

The Office of the U.S. Trade Representative is requesting written comments identifying online and physical markets to be considered for inclusion in USTR’s 2019 Notorious Markets List, the agency said. […]

If theres going to be an exception for trucking, its going to be next year or through the courts.

A new app aims to streamline household moves, plus China shipping empty containers to Europe and air cargo volumes drop again.

Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a big slump in net profit after tax.

The world’s biggest coal port moves forward with US$500 million plans to import LNG into Australia… which is the world’s biggest LNG export nation.

A Chicago startup has proposed using crane rails to move containers in and out of terminals to ease congestion in the era of mega-ships.

DryShips and Teekay Offshore are going private. With share valuations weak, others could follow suit.

The on-again, off-again trade war between the U.S. and China is a great threat to commercial vehicle forecasts, already buffeted by too many trucks and slowing freight growth.

Maersk says technology is core to its vision and wants more of its 6,000-strong IT workforce to be direct employees and not contractors.

Former communications director will be the first female to lead the Washington state port.

The UN Conference of Trade and Development released a study that reveals who’s at the top of the commercial maritime world—ranked based on connectivity to other ports.

Velodyne has filed patent infringement claims that its rotating 3D LiDAR technology was copied by Chinese companies Hesai and RoboSense.

The new IMO regulation reducing ships’ sulfur oxide emissions aims to improve the health of the environment and human population, especially near coasts and ports. This also means increased costs and a shift in strategies for maritime shippers. A panel at the Edge 2019 conference will explore these regulations and their predicted effect on logistics.

Move to non-tariff sources means switching ports, intermodal executives say.d

Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico’s transport industry grows; AIT Worldwide expands Mexico operations; Nuevo Laredo sees more […]

The trade war with China has altered international shipping patterns, which has started to shift freight volumes to the East Coast.

U.S. Customs and Border Protection systems at airports nationwide encountered an unexpected outage Friday afternoon, leaving passengers waiting in extremely long lines, according to multiple news outlets. “CBP is experiencing […]

Customs and Border Protection late this month will start live testing for blockchain’s applicability to intellectual property rights (IPR) enforcement, according to a document posted online in preparation for the […]

Time-charter rates can offer a clearer view on future sentiment than headline-grabbing spot rates.

Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.

American Trucking Associations (ATA) praised the fact that 53-foot intermodal containers won’t be subject to the next round of Section 301 tariffs on China. The Office of the U.S. Trade […]

FreightWaves, the industry-leading provider of 24/7 news, data and analytics for the global freight and logistics markets, announces the start of the nomination process for the 2020 FreightTech 100 Awards. […]

Rupert Hogg, CEO, and Paul Loo, Chief Customer and Commercial Officer, have both quit their jobs at Cathay Pacific. The company has appointed two replacements.

Canada’s largest port saw increases in tonnage and containers during the first half of 2019, but individual cargo types painted a more complicated picture.

The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers.

Competition from other grain-producing countries weigh on U.S. grain exports – and on U.S. rail volumes for grain.

Golden Ocean could be a trendsetter, buying a stake in a marine-fuel operation to offset IMO 2020 price and availability risks.

The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable.”

West Coast sees slower import volumes as service changes and market downturn take toll.

Truck wait times on the Mexican side of the Otay Mesa port of entry have jumped as the inspection process lengthens, leaving trucks backed up for hours, said officials in […]

Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.

News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets but not in the long-haul trades.

Asia-U.S. container rates are still not showing peak-season strength, but optimism remains.

The Bureau of Industry and Security (BIS) is seeking public comment on the commercial impacts of the proposed addition of five chemical families to Schedule 1 of the “Annex on […]

Evergreen Marine reports a second quarter profit and says it will add 23,000 TEU ultra-large containerships to its fleet.

Editor’s note: The opinions expressed in this commentary are those of John McCown and not American Shipper or FreightWaves. The Cato Institute took issue with my recent commentary on the […]