Zeaborn, Intermarine forming joint venture
The deal will include the consolidation of vessel fleets, staff and the global network of customers and offices.
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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The deal will include the consolidation of vessel fleets, staff and the global network of customers and offices.
UPS names former Xerox exec as marketing chief; Railinc promotes IT leader.
Teamsters say negotiations will resume immediately in an attempt to avoid a strike.
After it gets answers to questions, the agency will have another 45 days to review proposed revisions.
Meanwhile, conductors, engineers and signal maintainers at Canadian Pacific had until noon Friday to vote on the railway’s offers.
Most Kingpin Act designations during the Trump administration have been associated with Mexican drug cartels, according to a Treasury official who testified to a House Foreign Affairs subcommittee on Wednesday.
Maersk contributed to the development of Insurwave as a pilot client and is continuing on the platform with its marine hull portfolio.
The project will promote streamlined customs processes and sound implementation of the WTO Trade Facilitation Agreement.
The Port Authority reports 551,117 TEUs were handled during April, the fourth consecutive monthly high.
The agencies will accept comments on the export control reform-related proposed rules to move several firearms and related items from the U.S. Munitions List to the Commerce Control List through […]
The Commerce Department has finalized its determinations for fine denier polyester staple fiber imports from China, India, South Korea and Taiwan.
Carriers announce charges because of rapid rise in fuel costs.
Booming automobile manufacturing sector and new free trade deals are likely to spur future gains.
The Israeli ocean carrier managed to increase its revenues and volumes during the quarter from a year prior despite a larger net loss.
The portal gives cargo owners, freight haulers a single window into operations at four container terminals.
The American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index ticked up 2.2 percent following two consecutive sequential losses.
Terminals at the Port of Savannah handled 356,700 TEUs in April, a year-over-year increase of 7.1 percent and a record for the month.
The fast-growing containership owner and operator has purchased three 2,500-TEU vessels for a total consideration of $33.8 million.
Crowley promotes attorney; new VP driving Xeneta sales in North America
Seaborne refrigerated trade grows as perishable shippers raise demand for temperature-controlled containers.
The move comes amid reports that President Donald Trump has offered to lift restrictions on the Chinese telecom giant in exchange for trade concessions from Beijing.
The Danish ocean carrier in early July will commence a dedicated container service connecting ports in Italy, France and Spain with Montreal and Halifax.
Commissioner Kevin McAleenan said officials are looking to balance trade enforcement and trade facilitation by incentivizing private-sector partnerships.
The National Customs Brokers & Forwarders Association of America board chairman congratulates CBP for finishing the Automated Commercial Environment core.
Congressman Shuster says the legislation will help “prevent future project backlogs.”
Carriers can using emerging technologies to cut costs, find new revenue streams.
Short line railroads across the United States offer affordable and flexible options for shippers, yet they are still struggling to overcome track quality, technology and reliability.
Chamber of Marine Commerce president outlines Canadian government’s plans to modernize pilotage rules.
Nearly one-third of the U.S. Senate sign a letter in a drive for greater flexibility within rules for commercial vehicle drivers.
Bailey and Brittin leading Transportation Institute at the University of Denver; Gonçalves joining Institute of International Container Lessors; and O’Brien and Bordelon serving Shipbuilders Council.
A.P. Moller-Maersk subsidiary signs 10-year agreement for warehouse complex in Santa Fe Springs.
Bipartisan-proposed law would require a share of LNG and crude oil exports to be carried on U.S.-built ships registered in the United States.
Agency will decide later this week whether to allow revision, seek more information or block changes.
The deep-draft multipurpose port expects a boost in business from the petrochemical boom.
Implementing new technologies can be costly but could boost efficiency and relieve wharf congestion.
Growth in domestic truckload rates accelerated to 8.2 percent compared to April 2017, according to the latest Cass Truckload Linehaul Index.
North American intermodal rates in April climbed another 6.6 percent, the 19th consecutive monthly year-over-year increase.
Jumbo employees mourn loss of 95-year-old founder Hans Kahn.
Lifshatz is appointed CFO; Thrasher and Pay get new roles.
Evidence shows products from Vietnam are made from substrate originating in China and circumventing U.S. antidumping and countervailing duties.
Within the next decade, 77 percent of ports are planning on-dock, near-dock or rail-access projects.
More than 1,000 automobiles reportedly ablaze at Port of Incheon.
Shipper files complaint with FMC against China Shipping in demurrage and detention dispute it lost in arbitration.
The deal to “bring together two global leaders in rail equipment, services and software” is valued at about $11.1 billion.
Performance may decrease significantly before operations cease; meanwhile, GeoSpace Labs is offering incentives for abandoned customers.
The Shanghai Containerized Freight Index fell 3.2 percent last week, while Drewry’s World Container Index slipped 1.1 percent from a week prior.
Throughput at terminals operated by the Northwest Seaport Alliance slipped another 1.1 percent for the month following a 9.6 percent year-over-year decrease in March.
Germany’s largest port saw a 18.2 percent year-over-year decline in bulk cargo volumes.
The Scottish port’s resurfacing development project at the container terminal will be finished later this year.
International Longshoremen’s Association claims non-union operations have eroded working conditions at terminals in and around Philadelphia.
Maritime analyst says in a capital-intensive sector, higher percentages will weigh heavily on debt-laden companies.
The International Maritime Organization aims to reduce ship emissions by 2020 and 2050, causing shipping companies to weigh antipollution technologies.
The South Korean ocean carrier posted a net loss of U.S. $162.3 million for the first quarter but is still investing in newbuilds and a container terminal.
Saltchuk has appointed Tim Nolan president and CEO of TOTE, succeeding Anthony Chiarello, who will depart the domestic ocean carrier on July 16.
Randall E. Curran and Welsh, Carson, Anderson & Stowe initially will focus on U.S.-based contract logistics and transportation management firms.
Loaded export container traffic drove the 3.8 percent year-over-year increase in overall container volumes.
A Kansas City Southern exec says the energy sector needs to be included in the trade deal because the U.S. could eliminate almost half its deficit with Mexico by exporting […]
Despite a revenue boost from the Hamburg Süd purchase, “margins in the ocean segment were significantly impacted by higher unit costs,” says CEO Skou.
The hype behind applications in cargo movement might be well-founded, but blockchain’s early-stage evolution makes it impossible to predict where the technology will go from here.
Second-largest container carrier Mediterranean Shipping Co. will continue to transport “certain legally acceptable cargoes” like food during the wind-down period.
The Australia-based global logistics software provider continues its acquisition spree with the purchase of Ulukom.
Penalties hiked for outbound cargo from China booked on the shipping line’s portal.
Edward R. Hamberger, president and CEO of the Association of American Railroads for more than 20 years, will be retiring in early 2019.
The city vows to fight the ruling that its decision was based on information “riddled with inaccuracies, major evidentiary gaps, erroneous assumptions and faulty analysis.”
The logistics technology startup snags $7 million from Wavemarker Partners to finance global expansion.
One thousand Carrier Transicold PrimeLINE units will increase the Taiwan carrier’s refrigerated cargo capacity by about 24 percent.
The Massachussets Port Authority is soliciting interest from the private sector to purchase three Neopanamax container cranes to be used at its newest Conley Terminal berth.
The container carrier developed the transport solution in collaboration with the supermarket chain Lidl.
The World Trade Organization on Tuesday said the EU and Airbus must continue taking steps to end remaining subsidies for aircraft manufacturing.
The Northern California port handled 75,369 TEUs of loaded imports for the month, surpassing the previous high-water mark of 75,243 TEUs set in April 2006.
Commission sets roadmap for evaluation of whether “block exemption” that expires in 2020 should be extended.
The asset-light third-party logistics company benefits from volumes growth and new business wins and prepares for “new chapter” with CMA CGM.
The news comes as the port handled a record amount of tonnage for the fourth year in a row in 2017.
Throughput of containerized cargo at the Southern California port rose another 10.8 percent year-over-year for the month to 618,438 TEUs.
Despite promises of a $1.5 trillion spending package for aging U.S. transportation infrastructure, the Trump administration is sending signals Congress may not take up legislation until 2019 at the earliest.
The International Chamber of Shipping supports low-sulfur fuel but worries about price, availability and operational challenges.
The German carrier points to a lower net loss and increases in operating profit, revenue and cargo volume following the UASC acquisition.
The funding will be used for infrastructure improvements at three different port sectors.
The Greek containership owner and leasing company benefited from fleet utilization improvements and higher time charter rates.
Imports at ports tracked by the National Retail Federation’s Global Port Tracker slipped just 0.7 percent year-over-year to 1.54 million TEUs.
Senger-Weiss will succeed Niessner as Gebrüder Weiss CEO; Destriau has been named CFO of ZIM; and Team Worldwide makes appointments.
The deep-water port, which can handle 14,000-TEU ships, will allow cargo to avoid transshipment in Singapore and Hong Kong.
AlixPartners says overcapacity could worsen as the year progresses.
“How can we incentivize a company that is treating its employees like crap?” councilman asks.
Nitta Kisen Kaisha admits deliberately discharging oily bilge into the waters off North Carolina last year.
The Taiwanese ocean carrier did say its year-on-year growth in revenues and volumes was better than expected.
The Port of Los Angeles handled 705,536 TEUs in April, a drop of 1.3 percent compared to last April’s record of 714,755 TEUs.
Drivers are required to reconstruct hours of service on paper if their electronic logging devices stop working.
The four-day program, announced during a Rise of the Rest seed fund stop in Chattanooga on Thursday, is free to company founders “building revolutionary businesses across the supply chain and […]
The number of cars handled during Q1 increased 20 percent, largely driven by growth at the Volvo Cars production facilities.
The New York City Economic Development Corporation has invested more than $115 million to reactivate the terminal as a shipping hub.
The U.S. Justice Department is stepping up its efforts to penalize companies that engage in bribery with foreign government officials.
The first-of-its-kind notification filed under the World Trade Organization’s Committee on Agriculture claims India “substantially underreported” its market price support.
The company continues to focus on organic growth and expanding its footprint in the refrigerated market.
The global logistics company thrived from a lower effective tax rate and higher ocean and airfreight volumes.
A contract is extended, a chairman is elected and industry leaders are promoted in Europe, Asia and the United States.
The Virginia Port Authority plans to launch the Navis N4 terminal operating system this weekend at Virginia International Gateway, which also will see new container stacks coming online this month […]
The transportation management system provider has integrated real-time messaging and notification to its TMS as a replacement for inefficient emails.
ClipperMaritime says carriers need to be careful how they cascade larger containerships into new trade lanes.
American Shipper’s latest webinar, “Supply Chain Reaction: The Real Impact of Visibility,” lays out how BASF teamed up with MacroPoint to develop a web-based system to track shipments.