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.
TraPac says upgrades were needed to allow the Los Angeles terminal to handle 2.4 million TEUs by 2038.
Ben Thrower explores the financial and political influence that China is wielding in Panama and around the Panama Canal.
Canadian Prime Minister Justin Trudeau toured the Port of Montreal with European Council President Donald Tusk.
Geopolitical risks are escalating, increasing the risk for petroleum shipments transiting the Strait of Hormuz.
If U.S. crude output were to lose momentum, it would be felt by tanker owners much more so than before.
To prepare for ultra-large containerships, the port revises the plan last updated in 1990.
While NWSA reported a record first half, June volumes were mixed — down for international containers but up for domestic traffic.
The new functionality will be available beginning July 27 and will allow the electronic consolidation of informal entry summaries to be processed in the express consignment environment.
Dockworkers will be trained to repair automated cargo-handling equipment they argued would take their jobs.
APM Terminals reached a deal with the longshore union at the Port of Los Angeles to retrain dock workers in repairing the automated cargo handling equipment that will take their […]
Critics of the proposed location for an Oakland Athletics baseball stadium point to a study that says the Howard Terminal site will be needed for cargo.
It’s hard to blame the skeptics, given what has happened in the past, but dry bulk freight rates are getting pretty impressive.
“Rest assured our commitment to achieving our financial targets is unwavering and has never been stronger,” says CFO Rob Knight.
The Federal Motor Carrier Safety Administration has proposed delaying two provisions in its entry-level driver training rule until February 2022.
Tiny landlocked kingdom on the eastern edge of the Himalayas moves aggregate via the Brahmaputra River.
Hapag-Lloyd, Yang Ming, Ocean Network Express, COSCO and OOCL will begin service in October.
The South Carolina Port Authority (SCPA) said ocean container moves were up 9 percent in its fiscal year, setting a volume record for the port. The Port of Charleston’s two […]
The Federal Maritime Commission will monitor the transparency of bunker-adjustment factor formulas as the IMO low-sulfur fuel mandate looms, Chairman Michael Khouri said.
The oil tanker industry is nearly 130 years old, having first been developed in 1890 by the founder of Shell. Now the industry may be entering its twilight if, and […]
A simmering industrial dispute in Australia burst into fire this morning when maritime box terminal operator DP World Australia used local media to threaten longshoremen with job losses. Strikes confirmed at Sydney, Fremantle and Brisbane.
Sudden surge in marine fuel costs could spur shippers to consider switch to California over Panama Canal route.
A record number of Mexican-made vehicles cross the borders to be sold in North American and Asian markets.
Second-quarter net profit totaled CA$724 million compared with CA$436 million in the second quarter of 2018.
Plastic waste originated in the U.S. and Canada, says the Ministry of Environment.
“The present economic backdrop is one of the most puzzling I have experienced in my career,” says CEO James M. Foote.
The tunnel “enables vehicles traveling on one side of a one-way frontage road to make a U-turn onto the opposite frontage road without stopping at a traffic signal.”
The $1.2 billion expansion could nearly double capacity at the country’s busiest seaport.
Mexico’s government wants to build a new marine terminal that could nearly double the annual volume of containers moving through the country’s busiest seaport. The Port of Manzanillo said the […]
An exclusive interview with John Kartsonas, the developer of the BDRY exchange-traded fund that tracks bulker rates.
How to read the Class I railroads’ second-quarter earnings reports and what questions to ask.
Laredo Mayor Pete Saenz highlights improvements being made to the World Trade Bridge at the Texas-Mexico border.
Ship arrested after record cocaine bust is released after $10 million in cash and $40 million surety bond are posted.
“The certainty that comes from having USMCA in place will allow us to continue to invest in manufacturing in the United States with confidence,” says General Motors CEO Mary Barra.
After 38% growth in 2018, the company says it is optimistic about continued expansion.
Canada’s freight forwarders are working with the Canada Border Services Agency to test the processes for the country’s new paperless export reporting system, which is scheduled to become the only […]
Waterfront tensions are increasing as the Maritime Union of Australia declares more wharfside strikes around the country.
German logistics company Dachser says Ireland-based Johnston will be fully integrated into its network by September.
Peak oil demand “lurks like a monster in the shadows,” warns Stifel analyst Ben Nolan.
In the wake of Hurricane Barry, Brian Aoaeh writes about the disruption to supply chains that hurricanes and flooding can do. In particular, the state of Louisiana and its ports are critical to the U.S. agriculture and energy industries.
Shipping lines and ports operators have committed to help establish the Global Shipping Business Network.
The port is cautious about the outlook for trade as peak season for containerized cargo approaches.
The Port of New Orleans has reopened, although the remnants of Hurricane Barry are producing drenching rains.
Four of the largest shipping lines and five ports operators committed to support a blockchain development platform for the shipping industry. Hong Kong-based CargoSmart said the agreement with CMA CGM, […]
Middle East-India-Africa Express (MIAX) is scheduled to start operations in October.
Ben Thrower recently visited the Panama Canal. He writes about the canal’s expansion and what that means to global trade and the maritime industry.
During the first half of 2019, the International Maritime Bureau said 62 seafarers were taken hostage by pirates in the Gulf of Guinea.
June 2018 was the busiest month in the port’s 108-year history.
United States and Mexican avocado growers and importers recently broke ground on a partnership facility called “Casa APEAM” in Uruapan, Mexico. The new $12 million facility will be a venture […]
Issues for carriers involved in U.S. drug trafficking or other criminal investigations outlined.
Kari-Pekka Laaksonen formerly led Containerships.
Largest marine terminal in North America gets another vote of approval for new cargo-handling equipment at Pier 400.
This article brought to you courtesy of NEXT Trucking Transloading services are becoming an increasingly popular option for international shippers looking to beat the cost of carrier haulage by an […]
A suspension “until further notice” of the latest round of draft restrictions on ships using the Panama Canal was issued yesterday by the Canal Authority. Dry conditions are likely to continue throughout July and may last to the end of the year.
The Caribbean is container shipping’s all-important crossroads of the Americas.
Maersk, for the second time, was granted a permit by the Port of Los Angeles that would allow its APM Terminals subsidiary to install infrastructure for electrified, automated container handling […]
Transatlantic carrier will make Southampton its U.K. call instead of Liverpool.
The American Logistics Aid Network is rallying its freight logistics and transportation service provider members to assist with the potential devastating aftermath of Tropical Storm Barry.
The port handled a record 2.4 million TEUs of containerized cargo in the 12 months ending June 30, an 8.8% increase over the prior fiscal year.
A British warship escorted a tanker through the Mideast Gulf yesterday after Iranian naval forces threatened to seize it, the latest incident rattling one of the busiest maritime trade lanes. […]
The nation’s largest container port handled 764,777 TEUs in June and 9.7 million TEUs in the last fiscal year.
Latest incident comes after U.K. arrests ship carrying Iranian crude oil.
Patrick Terminals in Sydney, Australia, shut down for about 19 hours over Monday, July 8 and Tuesday, July 9 after a worker tragically committed suicide.
Capesize owners were afraid to ballast to Brazil when a key Vale mine was closed. Now there are too few Capesizes in the Atlantic Basin, pushing up rates.
U.K.-based Kontainers is releasing a new version of its freight booking software platform aimed at the small and mid-size enterprise market and priced per transaction. The software-as-a-service company said Kontainers […]
Chris Lytle will step down as executive director of the Port of Oakland on July 19, ending a 53-year career in trade and transportation.
Nanette DeRenzi is appointed to board, Paul Tessy is hired, Tom Clark is named regional vice president and Michael Bubica is promoted.
Brian Aoaeh writes about changes that need to be made to the food supply chain to deter food waste and food loss.
The Port of New York and New Jersey published its plans on how it will handle an expected doubling of container volume over the next 30 years, all while trying […]
The freight forwarder joins a list of ocean carriers implementing surcharges that includes Maersk, Hapag-Lloyd, MSC, CMA CGM and APL.
Dry bulk transport is about to get more expensive thanks to new marine fuel regulations.
Egypt seized a tanker loaded with Iranian crude oil in the latest incident to rattle the tense Mideast trade lane. Middle East Monitor reported that a Ukranian tanker was arrested […]
Atlas Air has won an injunction ordering pilots that have been staging sickouts and delays to stop the practice.
Mediterranean Shipping Co. said with the exception of a small number of containers involved in the illegal drug shipment investigation in Philadelphia, the rest of the MSC Gayane’s containers were […]
The German shipping company’s fleet of reefer containers will exceed 100,000 units.
Capital Logistics is the newest member of the Blockchain in Transport Alliance (BiTA). Read about the company, as well as BiTA’s efforts to develop blockchain standards for transportation and logistics.
Maersk’s (Nasdaq OMX: MAER) fight to bring automation to its largest North American marine terminal is getting support from shippers and non-ocean carriers concerned about the impact on the environment […]
The U.S. Treasury Department’s Office of Foreign Assets Control took PB Tankers and its six tankers off the Specially Designated Nationals and Blocked Persons List after three months.
Hope springs eternal for shipping stocks. Some analysts claim now is finally the time to jump back in.
Longshoremen around Australia are walking out on the job for two-, three- and four-day strikes in the latest collective employment dispute. A series of work bans on overtime and shift extensions is also now in effect.
A federal prosecutor filed to seize a container ship at the center of one of the largest U.S. cocaine busts in history, a first step to a possible forfeiture of […]
It has now been a half-decade since the emergence of large-scale container liner alliances. What’s their track record?
A $1,000 increase is announced for 40-foot containers moving from Asia to the U.S.
The agency called the seizure of the 10,776-TEU MSC Gayane the largest in its 230-year history.
FreightWaves’ Freight Intel Group has released a new study of the impact of IMO 2020 on the U.S. trucking industries (and other industries). Read what may happen to diesel fuel prices.
One of the largest eastern U.S. ports is looking to promote the use liquefied natural gas as the marine fuel of the future. The Port of Virginia announced it will […]
The service will offer connections to APL services to and from Asia.
Conversion to hybrid yard cranes will result in a 96% drop in emissions.
As more bulk and oversize cargo gets transported in containers, some shippers are abusing equipment, says the Institute of International Container Lessors.
Container carriers implement charges on ships sailing through the Gulf of Oman and Persian Gulf.
The California Retailers Association opposes a bill to have the State Lands Commission approve port automation.
The Florida East Coast Railroad’s ships ran a regular and profitable service from 1915 to 1940.
Customs and Border Protection agriculture specialists in Port Manatee, Fla., discovered the potentially destructive pest in a shipment of malangas from Mexico.
Truckers are “aghast” at massive increases imposed upon them by marine terminal operators to use the Vehicle Booking System. State government action may now be in progress as consequence…
The U.S. fireworks supply comes primarily from China, and one company controls most of that trade. Read Market Expert Henry Byers’ fascinating article about fireworks!
Ships all over the world are running aground despite having highly trained, qualified and experienced crew. Why?