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.
It’s taken more than 20 years, but the mandatory automated submission of in-bond information to CBP via the Automated Commercial Environment starts July 29.
Some believe the pace of regulatory and technological change is causing owners to pull back from newbuilding contracts.
Maersk and MSC add a second service between Asia and U.S. Gulf ports, and ZIM will take space on both.
The U.S. Bankruptcy Court for the Middle District of Florida approved the $2.3 million sale of IPS Worldwide’s remaining assets to Europe Management SPRL.
Dry bulk shipping could be a winner following the ceasefire in the trade war between the U.S. and China.
Gemini Shippers Group, a non-profit shippers association that is nearly 100 years old, has joined the Blockchain in Transport Alliance (BiTA). Read about Gemini and why it has joined BiTA.
Global container port throughput is forecast to grow 3% in 2019 instead of 3.9% because of tariffs and other headwinds.
Could the record seizure of cocaine aboard the MSC Gayane be a sign of things to come?
“American Shipper journalists, contributors and sponsors will now have access to the world’s largest audience for transportation and logistics news and content.”
Hapag-Lloyd (FSE: HLAG) and Ocean Network Express (ONE) says they will join the TradeLens blockchain platform developed by Maersk (Nasdaq OMX: MAER.B) and IBM (NYSE: IBM). The fifth- and sixth-largest […]
GAO says a study of freight trains as long as three miles should include a strategy for both the FRA and railroads to ease impacts of delays at crossings.
The fourth-largest container terminal operator is expanding its fleet of vessels supporting the oil and gas industry.
Cloud-based supply chain solutions provider E2open has completed its acquisition of Amber Road by purchasing outstanding shares.
The Justice Department said a California man will face trial in a Los Angeles federal court for his alleged role in the illegal export of cesium atomic clocks to Hong […]
Brian Aoaeh has written a thought-provoking commentary on the impact of climate change on supply chains, and what governments, companies and startups can do to mitigate supply chain disruptions.
U.S. Customs and Border Protection has started taking applications this week to fill new agriculture specialist positions in ports of entry throughout the country.
CMA CGM and X-Press feeders have implemented surcharges, and other carriers are evaluating the situation.
Shippers now will have access to container carriers in all three major east-west space-sharing alliances through the digital shipping platform.
Singapore, one of the world’s biggest centers for the supply of marine fuels, is now enforcing the mandatory use of mass flow metering system for the delivery of distillate fuels. The new mandate went into force as of July 1, 2019.
The Los Angeles Board of Harbor Commissioners will reconsider a coastal development permit it approved earlier this month for the APM Terminal at Pier 400.
FreightWaves, the leading source of news, data and insights for the freight markets, has acquired American Shipper, a leading news publication serving the global shipper community.
Cathy Roberson writes about Vietnam’s growth as a manufacturing center as manufacturing moves from China to other nations in Southeast Asia.
The current port director will be offered a five-contract to serve as chief executive officer and executive director.
“The requested special permit presents unique and substantial risk to the safety of the public and the environment,” reads a letter sent by Reps. DeFazio and Malinowski.
The change will happen around the same time that HMM starts taking delivery of the first a dozen 23,000-TEU containerships.
The U.S. Federal Maritime Commission has received 17 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from CJ Services International Corp., Doral, Fla. (Carla […]
The freight railway owner and operator will be taken private once the transaction, which includes debt, closes later this year or in early 2020.
“K” Line, U-Ming, Kuang Ming and Taipower signed a memorandum of understanding Monday to establish a joint venture in October 2020.
Hyundai Merchant Marine (HMM) will join THE Alliance as a full member. The move comes after an apparent rebuff of the money-losing Korean liner company’s efforts to strike a similar […]
Nations in South East Asia are experiencing plunging trade and stumbling economies, analysts say, and they add it is due to a weakening Chinese economy and trade war tensions.
The Los Angeles City Council voted against a permit that would allow Maersk to begin the process of automating operations at the largest marine terminal on the U.S. West Coast. […]
Opus9 is now offering to match shippers with drayage carriers as it expands coverage to major U.S. ports. The Sunnyvale, California-based startup, which already offers load matching and digital brokerage […]
Also earning accolades were ports throughout the Western Hemisphere, Kongsberg Maritime and ORBCOMM.
Advantages include lower operating costs, increased throughput capacity, improved service reliability and reduced emissions.
The investment plan includes a CA$330 million national hub in Toronto set to open in 2021.
Top transportation economist Paul Bingham goes in-depth on trade war freight consequences, both pro and con.
Also announcing appointments are Deutsche Post DHL, Crowley Logistics, Hamburg Süd, QuestaWeb and Team Worldwide.
The new terminal on the Strait of Gibralter has capacity to handle 5 million TEUs annually.
Digital truck broker initially operating in Los Angeles, Long Beach, New York/New Jersey and Savannah.
The 16,000-TEU vessels will have MacGregor’s Cargo Boost system implemented during drydocking in 2020.
Freight volumes may have peaked for the season, but it certainly doesn’t feel that way. There is still a lot of uncertainty for Q3 as we close a disappointing Q2.
CEO Curtis Stoelting said Terence Rogers “joined Roadrunner at a difficult time and was tasked with getting our filings current and completing our recapitalization.”
An in-depth, exclusive interview with Scott Borgerson, co-founder and CEO of CargoMetrics Technologies.
The slowing of cargo ships prevents the emission of 45,000 tons of greenhouse gases and 1,000 tons of general air pollutants every year, the port estimated.
The numbers of robots in use around the world is forecast to reach 20 million by 2030…. automation is also forecast to displace tens of millions of people from their jobs.
The developer of a wheeled container storage site is suing the Port and City of Los Angeles, alleging that the project was derailed due to demands for longshoremen to be […]
The Justice Department said Höegh Autoliners’ Ingar Skiaker and Øyvind Ervik worked with other shipping companies to illegally “fix, stabilize and maintain rates.”
Harbor Performance Enhancement Center says it was told the International Longshore and Warehouse Union runs the port.
The Port of Brownsville recently received a key permit from the U.S. Army Corps of Engineers to deepen the 17-mile Brownsville Ship Channel. Dredging on the $350 million project could […]
Florida International Terminal (FIT) deployed a new appointment system in a bid to improve turnaround times for reefer drivers. The appointment system is part of a previously announced expansion at […]
Each lane of the new ramp, opened earlier this month, operates six days a week and offers two- to three-day transit times to New Jersey and Massachusetts.
The Safe Freight Act would require all freight trains in the U.S. have at least one certified conductor and one certified engineer on board.
CEO Skou tells The Wall Street Journal he wants half of the company’s earnings to come from inland logistics.
The seizure came one day after nearly 20 tons of cocaine with an estimated street value of $1.3 billion were seized at the Port of Philadelphia.
Cyber attacks are becoming all too common in the maritime sector, making it crucial for container lines to prevent data hacking and look to improve resilience.
A letter sent Wednesday to congressional leaders states the plan “must provide full use” of the Harbor Maintenance Tax revenues and “address tax fairness.”
Solid growth in China’s cargo throughput has been revealed in newly published data. No doubt about it – the country’s cargo volumes are growing.
Meanwhile, a state legislator wants the California Lands Commission to review port automation projects.
Research by Clarksons confirms acceleration of scrubber installations, reducing available ship capacity.
This article brought to you courtesy of NEXT Trucking U.S. West Coast ports want to boost drayage efficiency for the upcoming 2019 peak season. They aim to do so through […]
The Alabama State Port Authority, Sandler, Travis & Rosenberg, Kane Is Able, Lanehub and Pelican Products announce appointments.
Drewry’s Philippe Salles considers whether container shipping is ready for guaranteed services and prices.
East Coast refinery outage spurs more trans-Atlantic gasoline cargoes from Europe.
NEXT Trucking is opening a new drayage facility in a bid to speed up truck efficiency at the busiest seaport in the United States. The 18-acre facility, which is about […]
Retrofitting vessels and slow steaming are two short-term options to reduce emissions while more transformative technologies are developed, a new study says.
The offer period, which originally was set to end Wednesday, will now conclude July 17, said DSV, which reserved the right to extend the period up to a maximum of […]
A Senate subcommittee is told technology should be incorporated into surface transportation reauthorization.
The fast-growing trucking company hopes to double revenue after adding an 18-acre dray-off yard for its Relay drayage program.
The maritime industry can be well-served with an unmanned vessel that can produce its own energy from the waves and through solar battery panels fixed on its roof.
The District Court of Miami gave Roberto Dip and Jason Handal jail time for their roles in a pricing-fixing scheme that occurred between September 2010 and March 2015.
Moody’s issued a stable outlook for the shipping industry for 2019, with operating earnings set to grow at the highest rate in four years. But the industry still has to […]
An exclusive interview with Citi’s head of shipping Michael Parker on Poseidon Principles consequences.
The ship-to-shore cranes had been removed from List 3 of Section 301 tariffs on China but were later added to proposed List 4.
Employers met Tuesday and voted to accept the new pact negotiated with the International Longshore and Warehouse Union Canada.
Maersk Spot will offer shippers guaranteed equipment and space in exchange for a penalty if they don’t show up with promised cargo.
To avoid paying the proper import tax, Timothy Stanfield of Ready Made RC intentionally understated the value of lithium polymer batteries from China.
President Trump on Twitter Monday questioned whether the U.S. should continue protecting non-U.S. ships in or near the Strait of Hormuz.
Tonya Davis also pleaded guilty in U.S. District Court in Mississippi to making false statements.
Express carrier giant argues when it comes to compliance with the Export Administration Regulations that it’s “a transportation company, not a law enforcement agency.”
Maersk rolled out a fully online service for customers to book space on a container ship. The new offering, Maersk Spot, provides customers a port-to-port cargo loading guaranteed at a […]
Unmanned electric truck will shuttle containers between DFDS logistics center and APM Terminal in Gothenburg, Sweden.
Respondents to the quarterly Manufacturers’ Outlook Survey listed attracting and retaining workers and trade uncertainties as their two biggest challenges.
Poseidon Principles require banks to disclose the climate alignment of their shipping portfolios with IMO’s target of 50% reduction of GHG emissions by 2050.
Drewry says while the U.S.-China trade war is bad news for the transpacific container trade, it could result in more transport of intermediate goods.
Market expert writes about the latest tensions in the Mideast and how that might impact air and sea cargo, as well as supply chains.
Container shipping faces weak summer demand as trade related uncertainties keep pressure on freight rates. The Freightos Baltic Global Container Index (SONAR: FBX.GLBL) ended June 21 at $1,307 per forty-foot […]
Yang Ming said the new service is to cope with the “relocation and adjustment of cargo flow and supply chains” amid “rising global trade tensions.”
The International Maritime Organization said piracy incident warnings from a Regional Maritime Information Sharing Centre email account in Yemen aren’t legitimate.
Port authority chair is re-elected, COO is hired and promotions are announced.
Evergreen, Hapag-Lloyd, Yang Ming and COSCO all are said to be weighing new ship orders.
Sentiment toward shipping tech has reached a new high point among startups, tech investors and vessel interests.
There are an enormous number of price relationships that will ultimately determine the supply and demand of fuels compliant with IMO2020.
The Trump administration is considering levying tariffs on the remaining $300 billion of Chinese exports to the United States so far unaffected by duties. Freight Intel, FreightWaves’ proprietary research group, […]
Chris Connor will succeed Kurt Nagle, the American Association of Port Authorities’ president and CEO since 1995.
The temperature-sensitive containers will be used to transport vaccines and other high-value biopharmaceutical shipments.
The commission voted 3-2 Thursday to deny an ILWU appeal of a permit that allows APM Terminals to test automated terminal equipment at Pier 400.
Six crew members have been arrested on federal charges and face possible life sentences after about 17.5 tons of cocaine were found on the ship in Philadelphia.
All current members will step aside as part of the acquisition agreement.
The Harbor Maintenance Tax is a disincentive for short sea shipping because it is imposed at both the port of entry and secondary port, a House subcommittee was told.
Following a second large drug bust aboard its box-ships this year, international ocean container shipping line Mediterranean Shipping Company has had its Customs Trade Partnership Against Terrorism (C-TPAT) certificate suspended […]
