Shipping

While tariff fight may not repeat itself, other factors that lead to drayage capacity crisis still in play for shippers this year.

The study found gas-fueled engines reduced well-to-wake greenhouse gas emissions up to 21 percent for two-stroke slow-speed engines.

Year-to-date the iron ore trade on the Great Lakes stands at 3.4 million tons, an increase of 9.5 percent.

The president of Gennex Media conspired with others to fix prices on online sales of promotional items between 2014 and 2016.

The industry’s recruitment and retention problems are compounded by increased federal and state regulations, a competitive job market and time away from home.

Intermodal loadings fell by as much as 4 percent due to weather events impacting the western network, Todd Tranausky said in an FTR State of Freight webinar.

Rob Lowe is named director of administration and CFO and Matt Copot is hired as vice president of maintenance.

French company is increasing its warehousing space in Vietnam almost tenfold.

“If you do remove this as a tool for the shipping lines to use, are you prepared to accept higher freight rates as a consequence?” asked analyst Tan Hua Joo.

The shipping line signed a memorandum of cooperation with Nansha officials last week.

Tan Hua Joo also asserts that carriers are downplaying their scrubber strategies as they tell customers they must recover the higher fuel costs.

Mao Sun and Xing Er were flown from China to Denmark and then transported by truck to their new home.

The airline also had revenues grow by 13 percent to its strongest performance in five years.

The Taiwanese shipping company said it will have 14 new 11,000-TEU containerships that all are IMO 2020 compliant delivered between 2020 and 2022.

Head of Israeli maritime security firm Naval Dome says the “maritime sector is being targeted by highly motivated cyber criminals.”

Executive orders aim to foster oil and gas permitting, but Trump’s own trade policies also put kibosh on rapidly growing export markets.

The board of directors for the company, which is being acquired by DSV, also proposes that no dividends be paid to shareholders in 2019.

Claus Hemmingsen will leave the company with the closure of the Energy division, set to take place by the end of June.

The requirement is part of a package of amendments under the revised annex to the IMO’s FAL Convention adopted in 2016.

Despite a 4.7 percent year-over-year decline in cargo movement, the port still recorded the second-busiest first quarter in its history.

ONE CEO Jeremy Nixon says the growing number of typhoons is “creating disruptions to vessels passing up and down within Asia.”

Fincantieri Bay Shipbuilding is tapped to build the first U.S.-flag bulker for the Great Lakes trade in more than 35 years for Interlake Steamship Company. 

Drewry’s white paper predicts, if the tariffs are imposed, a rush of U.S. imports of finished vehicles and auto parts in 2019 before declines in 2020 and 2021.

Keppel Offshore & Marine has secured a grant of up to $1.48 million for the vessel, which is expected to be finished in the fourth quarter of 2020.

The committee is made up of 35 voting members representing surface transportation users and providers and 14 nonvoting members from federal departments and agencies.

The Monica Wooden Center for Supply Chain Management & Sustainability at the University of South Florida will help “keep the United States at the forefront of this industry.”

Mike Wilson and Don Stephen are tapped as chief executive officers and Neil Dursley is named chief commercial officer.

The French shipping giant plans to delist CEVA from the Zurich Stock Exchange and set up an operational center in Marseilles.

CMPort said revenue grew by 16.9 percent and throughput climbed 6 percent year-over-year in 2018.

Outlook for U.S. container imports back to normal levels after 2018’s pre-tariff front loading, but with this administration, you never know.

The Hapag-Lloyd containership was verified as the source of tar balls located in a New York park, according to the Unified Command.

With new backing from Microsoft, start-up readies for technical and geographic expansion of optimization services for shipping assets.

Monthly retail imports are expected to grow to nearly 2 million TEUs in August, which would be the most since October, according to the monthly Global Port Tracker.

The startup uses machine learning and AI to help ocean shipping companies optimize fleet performance and reduce fuel emissions.

The third annual survey by Drewry and ESC found shippers and freight forwarders were least satisfied with the clarity of prices and surcharges.

Shipping conglomerate looking to find its focus as other shipping companies have already focused on core businesses.

The Office of Foreign Assets Control added sanctions against two shipping companies and their vessel for transporting crude oil from Venezuela to Cuba.

To date, only three ports — Miami, Colombo and Hong Kong — have announced plans to form alliances.

Bertrand Schmoll is elected to board and Dean Milcos is promoted to CFO.

Oscar Thwin, Todd Naramore and Jerry Critchfield all are named vice presidents.

The 3,504-TEU CMA CGM Fort de France is the first of four vessels in the company’s new dedicated fleet to the French West Indies.

The Owner-Operator Independent Drivers Association, which was among the plaintiffs of the class action suit filed last year, said it will appeal the ruling issued Thursday.

Pre-tariff front loading to the U.S. and seasonal slowdown contribute to weakness in ocean freight rates from world’s largest exporter.

Chairman Michael Khouri told Senate Commerce Committee members that the agency is concerned how ocean carriers will pass IMO bunker requirement costs onto shippers.

Cosco Shipping Logistics, JD Logistics and Orient Overseas International Ltd. (OOIL) indirect subsidiary “Gold Talent” have inked a complex joint venture deal to fund online international supply chain platform Eshipping with, ultimately, US$44.7 million of capital.

By sharing space and adding detection technologies at nine international mail facilities, the two agencies aim to stop more opioids and counterfeit drugs from entering the U.S.

In 2018 “logistics had to focus on the discipline of scarce resources management,” says CEO Bernhard Simon.

Drewry study finds lots of capacity at U.K. ports and feeder ships that could help out if the Port of Dover becomes jammed.

The transaction, announced on March 21, gives Noatum Logistics the largest international presence among Spanish logistics companies, the company said.

Investigators say Clayton Virgil Hall continued to operate his vehicle despite failing multiple controlled substance tests and never completing the return-to-work program.

The nominations of Heidi King to be the NHTSA’s administrator and Ann Marie Buerkle to be the commissioner of the CPSB were among the seven picks OK’d by a 14-12 […]

Subsidiary of CBX Global has opened four offices in China to provide solutions to customers’ varied problems.

The agreement comes less than a year after The Jordan Company bought GlobalTranz from a group of investors that included a Providence affiliate.

“All southern ports are working the same,” the Laredo Licensed U.S. Customs Brokers Association said in regard to lane reductions for commercial traffic at ports of entry.

The joint venture, which will be established in Shanghai with an initial investment of $38 million, will invest in online logistics platform E-Shipping.

ICS executive says “clouds of protectionism and slowing growth in key economies mean that the avoidance of over-ordering is now more important than ever.”

Terms of the deal were not disclosed, but the founder of the Idaho-based company and its existing management team will maintain a significant ownership in the company.

A federal indictment says fraudulent accounting practices between 2014 and 2017 resulted in a $245 million loss to shareholders.

Spanish logistics provider ChainGO Tech has joined the Blockchain in Transport Alliance. Read why the company joined the Alliance and what it hopes to achieve with its membership.

Head of its former energy business departs as almost all of the oil-related businesses are now separated from container ship giant.

Chairman makes mea culpa on previous energy bets as he pledges the focus will be making container shipping simple and easy.

The McCain Foods subsidiary said the acquisition of A&S Kinard and Buckler Transport will propel it into the top 10 North American suppliers of dedicated truck services.

Navis Smart will allow customers to take advantage of artificial intelligence and machine learning.

The two intra-European transport brands will operate under the Containerships brand.

As the 2018 import overhang lingers for a while, box ship rates may also suffer.

The airline plans to increase to a twice-weekly frequency at Rickenbacker International Airport, which moved more than 5,000 tons of cargo for the carrier in 2018.

The Arizona-headquartered freight broker has made nine acquisitions since January 2017.

The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.

OOIL fleet boosts Cosco’s volumes and revenue, but rates were stagnant and high finance costs push profit lower.

Online retailer and supply chain services provider is expected to increase its ownership in Atlas Air and ATSG, with stock offerings that accompany additional plane leases.

DSV will acquire Panalpina in an all-stock deal to create the world’s fourth-largest freight forwarder.

Lack of buyer interest means offshore support vessel service will remain on Maersk’s books for foreseeable future.

Maersk appoints longtime employee Doug Morgante as VP of North American government relations; Marc Papenhoff joins InstaFreight as director of business development.

The German liner carrier is still assessing the cause of its containership’s punctured hull at the Global Marine New York Container Terminal.

Complaining about service quality, the shipper group says the current regulation that allows vessel sharing “does not fulfill its own objective” and should be amended or repealed.

Funds will be used to repay debt and for capital expenditures, mainly on vessels.

The Coast Guard will require ships arriving from ports in the Seychelles to include an additional layer of security during their time in U.S. ports.

The 23,000-TEU ships, which are being built at Daewoo Shipbuilding and Marine Engineering, are among the 20-ship order made by HMM last year.

The surge in imports as shippers “pulled forward” cargo in December is reverberating into this year and has set a high bar that will be hard to match in late […]

The moves include a new vice president of customer care, chief transportation officer, acting chief executive and port director, board chairman, and global head of ocean procurement and tradelane management.

Sen. Susan Collins criticizes the president’s Transportation Department budget for offering “no path forward after the FAST Act expires.”

Italy’s buy-in on major project boost China’s place in world maritime trade, but Western powers decry what some call ‘vanity project.’

CEO Frank McGuigan promises “a collaborative, high-tech workspace that attracts high-potential talent and is a place where employees can thrive.”

Scott Parker will succeed Art Garcia, who is retiring at the end of April.

TransX’s business includes truckload, LTL, intermodal, warehousing and freight forwarding, will continue to be based in Winnipeg, Manitoba, and operate independently.

The South Korean liner carrier’s announcement does not mention former leader C.K. Yoo, who told employees he was resigning in February.

Hapag-Lloyd is still working on a solution to transship the damaged containers to customers.

The International Transport Forum says its “views are grounded in data, evidence and economic research with the objective to foster efficient transport solutions that serve citizens.”

Sen. Wicker and Rep. Garamendi plan to reintroduce a bill to guarantee fixed percentages of all LNG and crude oil travel on U.S.-built, crewed and flagged vessels.

According to data released Tuesday by the Bureau of Transportation Statistics, the total value of U.S.-North American freight flows increased 7.8 percent to $1.23 trillion.

OOIL reported a profit attributable to equity holders of $108.2 million in 2018 compared to $137.7 million the previous year despite higher operating profits and revenues.

Port authorities want European Union leaders to better recognize “cross-border connectivity” that seaports project across the continent.

The 16,500-square-meter facility is located within a three-mile radius of all six container ports at Busan New Port and less than 10 miles from Gimhae International Airport.

The Turkish port operator is one of the finalists trying to become the operator of one of the largest and most automated terminals in the U.S.

It was largely a further slide down the slippery slope for the Shanghai Shipping Exchange’s China Containerized Freight Index, week ending March 22. Rates on nearly all seaborne containerized routes were down compared to the week before. Rates were also largely down on the benchmark containerized routes as compiled by Drewry Maritime Advisors.

The fifth-largest container carrier wants to be “number one for quality” and increase digital initiatives.

In partnership with Dutch multinationals, Maersk will test the second-generation biofuels on the 18,000-TEU Mette Maersk, which will sail 25,000 nautical miles.

CEO Rodolphe Saadé said the shipping line is reinforcing its efforts to “develop ever more efficient and environmentally friendly vessels.”

Container carrier trade association says an OECD International Transport Forum report should be disregarded by European regulators looking at shipping regulation.

World’s biggest shipping line trials a backhaul voyage with biofuel in a bid to get jump on 2050 target for shipping industry to go zero carbon.