Executive Moves: Dupré, Prince Rupert Port Authority
Mike Weindel is promoted to company president and Rita Andreone is appointed to board of directors.
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%.
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Mike Weindel is promoted to company president and Rita Andreone is appointed to board of directors.
Bringing spot vessels together into a pooling arrangement made sense, but ultimately, business interests diverged.
Purchase of 179 million square feet of space from Singapore’s GLP is part of plan to meet e-commerce demand.
Industry expresses disappointment that Customs’ umbrella system remains vulnerable to shutdowns.
Switch to long-term coverage that began in 2016 continues to pay off in 2019.
BE-GATE is designed to simplify the import and export of e-commerce goods.
The Group marks World Environment Day by reiterating its commitment to reducing its carbon footprint.
The e-commerce giant on Wednesday unveiled its latest design for the Prime Air drone, which can fly up to 15 miles, deliver in 30 minutes and carry items weighing up […]
Worldwide Flight Services will begin operations in the newly built 120,000-square-foot warehouse later this year.
The federal agency announces the names of 168 individuals and entities banned from exporting defense articles that require a State Department license.
The federal agency announces the names of 23 individuals and entities banned from exporting defense articles that require a State Department license.
The service will commence sailing June 17 from Osaka and provide weekly connectivity between North Asia and Southeast Asia.
The Port of Long Beach can be a challenge for truckers, even during the slow season. But the port and its tenant marine terminals are looking to software to ease […]
In 2018, international shipping recorded the fewest number of casualties in 100 years, insurer Allianz reports. A disturbing truth about worrisome Wednesdays, and a curious incident involving cocaine-bearing sharks, were also revealed.
Investor concerns are intensifying over the fate of George Prokopiou’s publicly listed LNG partnership.
Customers are expecting same- or next-day delivery, variable last-mile delivery options, high in-transit visibility, flexible or free return policies and always-in-stock inventories.
The legislation, favorably reported to the House by a 29-21 vote, provides $137.1 billion in budgetary resources and includes $75.8 billion in discretionary funding.
“Insurers have been warning for years that the increasing size of vessels is leading to a higher accumulation of risk,” says Allianz.
The Richmond, Va.-based trucking company’s $15 million bid for Eastern Freight Ways and Carrier Industries was approved by a judge in mid-May.
A memorandum of understanding paves the way for digital and physical connections between Amsterdam Airport Schiphol and Hartsfield-Jackson Atlanta International Airport.
Installations of the exhaust cleaning systems will begin on three vessels in 2019 and the remaining three in 2020.
Market expert Henry Byers examines the U.S.-Chinese trade war and its impact on imports and the broader economy.
The Shanghai International Shipping Institute points to “feeble economic and trade growth” in a recently released report.
Thomas Sonntag is named managing director and Marcus Anvell is appointed area sales manager.
While most trade lanes grapple with overcapacity and weak rates, the trans-Atlantic westbound market is one bright spot for ocean carriers. One market expert credits a strong U.S. dollar and […]
Erin Wirth succeeds Clay Guthridge, who retired last week after serving 13 years as the Federal Maritime Commission’s chief administrative law judge.
Australia’s border biosecurity system was stretched “close to breaking point” and had “severe impacts on sections of the shipping and exporting industries,” says the Inspector-General of Biosecurity.
Trade growth, demography and land use changes in the city of Melbourne, Australia, have made necessary a shift of freight from truck to rail, according to an analysis by Melissa Horne, Victorian Minister for Ports and Freight.
Rates are rising for bulkers and gas carriers, while container pricing on the trans-Pacific is showing signs of life.
It has been the slowest start of the year on record for shipping on Wall Street.
Funds will be used to increase rail capacity and reduce truck traffic in downtown Halifax.
Market expert writes about how current trade issues between the U.S. and China, the U.S. and Mexico and the U.S. and the EU may disrupt supply chains and cause economic problems.
The shipping line says the move is in line with a decision to quit other voluntary discussion agreements in 2017.
“Heightened political risks to vessel security, complying with 2020 emissions rules and the growing number of fires on board bring challenges.”
The pilot program allows a limited number of drivers ages 18 to 21 to drive CMVs in interstate commerce if they possess the military equivalent of a CDL.
Nicola Caristo, Peter Lantin, Baba Devani and Jan Eskil Hollen have new assignments.
Effective Wednesday, the rule will amend the Export Administration Regulations’ aircraft, vessels and spacecraft license exception.
Automation is once again a flashpoint at ports, with a major Canadian container terminal project becoming the latest instance of a stand-off between labor and management. As FreightWaves Nate Tabak […]
Hapag-Lloyd LIVE initially will equip all the company’s reefer containers with equipment to monitor temperature and other data.
Flexport hired a former White House trade and economic advisor in a bid to harness research from the digital first forwarder’s datasets and to help customers navigate the shifting sands […]
After being detained for 19 months in Louisiana, the master of the Ridgeway Alexander Z is allowed to return to Russia.
Panelists at a University of North Florida roundtable event said technology can help companies remain flexible and agile as the political environment shifts.
With each passing day, it seems the U.S. LNG export sector is gaining further momentum.
The offering with AirBridgeCargo and CargoLogicAir is planned to go live later this summer, the Berlin-based air cargo booking platform announced Monday.
Demand not expected to increase because of the impact of higher tariffs on trade.
A 20-acre tract will be added to the lease holdings between the port and Horizon, which opened a 70,000-square-foot vehicle-processing building at Port Freeport in 2015.
In executive moves, a European commercial manager is appointed, new CEOs are tapped, a chief economist is hired and a CFO and CIO are named.
The Port of Savannah aims to boost its market share of freight moving into the U.S. Midwest, saying it offers a cheaper way into the Gateway of the West than […]
There may be so little demand post-2020 for high-sulfur fuel oil that it may end up stored aboard tankers.
As U.S.-China trade tensions escalate, data appears to be pointing to a volume slowdown.
Daimler Trucks announced it is establishing the Autonomous Technology Group as part of its effort to put highly automated trucks onto roadways within the next decade.
Honors also go to Dayton Freight Lines, Manhattan Associates, Southeastern Freight Lines and TQL, and Port of Long Beach scholarship recipients are announced.
The port and the St. Louis Regional Freightway are seeking to form a relationship to explore opportunities that support growth in both cities.
Dockworkers return to work Thursday afternoon after all-night negotiations.
Judge says New York must concur with New Jersey’s desire to leave the bi-state law enforcement agency.
The programs are offered at Florida International University and the University of North Florida, which opened registration for its initial course Friday.
Attorney reports difficulties for U.S. firms as China moves from national to provincial registration of non-vessel operating common carriers.
Robert Brasher is succeeding Patrick O’Malley as vice president and CCO, and material handling industry veteran James Heuker is hired.
Swiss company rebrands and names new management team, Indiana-based firm hires a national fleet sales manager and insurance union appoints an ambassador for Asia.
Shipping rates are clawing their way back from lows set earlier this year.
Logisticians can’t help with recovery operations if their businesses aren’t prepared, says Kathy Fulton, executive director of the American Logistics Aid Network.
Maritime shipping interests have asked the Canadian government to consider building the icebreakers as part of $15.7 billion Canadian Coast Guard fleet renewal.
Hong Kong-based Hutchison Ports, Canadian National Railway and the Port of Quebec say they will partner to build a $775 million deep-draft container terminal.
AVAIO and Sydney Harbour Investment Partners announce a partnership to develop and finance the Nova Scotia multipurpose terminal.
Taiwan-based box-shipping line, Yang Ming, has set up shop in Jakarta, Indonesia, with joint venture partners. The new subsidiary will be known as “PT Yang Ming Shipping Indonesia”.
Every corner of the ocean shipping world is completely distinct from the others. What fuels the tanker business is almost entirely different than what steers dry bulkers or container ships. […]
Former Google and MercuryGate executives are hired for chief positions.
Advanced Training Systems CEO John Kearney says technology-enhanced driver training plays a key role in the nation’s effort to protect the supply chain.
Maersk joins CMA CGM and MSC as an investor in the manufacturer of “smart container” technology.
French carrier raises cost-saving targets and reports a smaller net loss in the first quarter of 2019.
Andrew Kinsey, senior risk consultant at the insurer Allianz Global Corporate & Specialty, says carriers need to be proactive in preventing ship fires.
Analyst at Drewry believes the decision by CMA CGM and MSC to join the IBM-Maersk digital shipping platform is a significant event.
With COAC’s help, U.S. Customs and Border Protection seeks to devise an online strategy to better target illicit exports before they can leave the country.
If a trade war pares GDP growth, OPEC cuts may be extended, weighing tanker rates.
Mexico is benefiting from the CPTPP accord and booming beverage business, but its auto industry is slowing down and it’s dealing with trucking delays at the U.S. border.
Beijing’s new dry bulk shipping regulations give the Chinese authorities powers to issue stop/suspend work, to redirect vessels and to prevent entry or exit from ports. There are a variety of monetary penalties for non-compliance.
A second seafarer was yesterday found dead following the collision of two cargo ships in the early hours of Sunday morning.
A crackdown on plastic waste illegally ocean-shipped to Malaysia took a dramatic turn last night. The country’s environment ministry announced that it would be sending 450 metric tons of contaminated plastic waste in 10 maritime shipping containers back to their countries of origin.
Global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) today announced they will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by A.P. Moller – Maersk and IBM.
An investment in a 50-foot berth enabled the 14,424-TEU Evergreen Triton to pay a visit to Maryland.
Private equity-backed ship owners continue to sell fleets to already listed companies in return for shares.
Two more carriers join the “blockchain-enabled” shipping platform developed by Maersk and IBM.
Investigators found calcium hypochlorite in 13 containers and chlorinated paraffin wax in an additional five.
The vessel will provide a ship-to-ship distribution service in the Baltic region.
Two containerships are launched for weekly service calling New York, El Salvador, Guatemala, Honduras and Nicaragua.
The first of 14 ordered fuel-efficient planes took off from Cincinnati bound for Bahrain on Saturday.
Five hundred of the 3,000 units will be MCI Star Cool containers, which have the refrigeration integrated directly into the boxes.
John Stubbings and Rachel Morley are elected, Larry Klimczyk is hired and Carsten Mortensen is appointed nonexecutive chairman.
A deadly maritime accident has killed several people during a ship repair job in China. Accounts differ but it is clear that either eight or ten people are dead. A further 19 were hospitalized and are believed to be in a serious condition, but stable.
An explosion and fire that tore through a berthed container ship at the weekend caused 133 people to be hospitalized.
Port authority’s long-term goal is to become the East Coast port leader for railed containers to the Midwest.
Awards also given for safety practices and to Circular IQ, Dayton Freight, Duluth-Superior, Manhattan CFO, Nola, Old Dominion, Pacesetter ports and Worldwide.
More than 3,200 containers will have to be discharged at the Port of Halifax, where the ship arrived Monday, ONE said.
The first three are set to be delivered in mid-June with subsequent deliveries in August and October.
CEO Skou reports “good progress” on business transformation, but says new tariffs could potentially reduce expected growth in global container volumes by 1%.
The 23 crew members temporarily left the ship but returned about 8:30 a.m. Friday after a ballast transfer, according to the Maritime and Coastguard Agency.
Improved vessel utilisation is the key to maintaining profitability in what is expected to be a challenging market according to Soren Skou, Chief Executive Officer of Maersk (Nasdaq OMX: MAER). […]
China’s ports have handled just under 4.3 billion tons of cargo between January to April. The country’s main seaports have also handled 82.3 million TEU.
The Justice Department said Edison, N.J. resident Gene Shilman now faces up to five years in jail for violating the Arms Export Control Act.
A looming workforce supply gap in the freight forwarding sector has caused the industry to reach out to over one million high school students.