Executive Moves: project44 and Worldwide Express
project44 makes additions to its sales and engineering teams, and Worldwide Express hires chief technology officer.
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.
project44 makes additions to its sales and engineering teams, and Worldwide Express hires chief technology officer.
Paul F. Richardson, considered by many in the maritime business to be among the founders of the now 65-year-old container-shipping industry, passed away on Sept. 24 at the age of […]
The Greek containership owner and leasing company has revealed it will carry a one-for-three reverse stock split, reducing the total number of common shares in circulation from roughly 3.2 million […]
Class I freight railroads in the United States employed 147,319 workers in August, down 0.15 percent from July and a 3.56 percent drop from August 2016, according to the Surface […]
SAL Heavy Lift, a Hamburg, Germany-based ocean carrier specializing in the transport of project and oversized cargoes, will place its six ships under the German flag, the company said in […]
Shin Yang Shipping Corp. Berhad’s wholly-owned subsidiary filed a claim against PT Gemilang Raya Maritime for failing to pay RM 6 million (U.S. $1.43 million) for four vessels it purchased […]
Jacksonville Port Authority selects chief executive officer and Heartland Rail names business development director.
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) fell 5 percent since last Friday as spot container rates declined from Shanghai to Europe, the Mediterranean and the United States.
The U.S. Army Corps of Engineers has officially backed a rough draft plan to deepen and widen the mid-Atlantic port’s main shipping channel, a port spokesperson confirmed Friday.
Approximately 1,300 employees who maintain UPS’s air fleet filed a new request with the National Mediation Board asking to be released from mediated contract negotiations with the company.
XPO Logistics appoints new member to its board of directors; the GAC Group names group general manager-technology business management, and technology business manager-management solutions; and BDP International hires finance director […]
Acting Federal Maritime Commission Chairman Michael Khouri met with overseas counterparts in London this week to discuss recent changes within the ocean shipping industry and potential impacts they may have […]
President Trump on Sept. 15 announced three more nominations to serve as U.S. Export-Import Bank board members, which along with two previously submitted nominations would bring the bank to a […]
The Japanese government will allow the import of U.S. chipping potatoes from Idaho, marking the end of an 11-year ban on these shipments from the Pacific Northwest state.
The trade association on Tuesday told the International Trade Commission (ITC) its members are financially harmed by imports of Canadian softwood lumber, but Canada’s largest lumber producer begs to differ.
Young Living Essential Oils, based in Lehi, Utah, pleaded guilty in a federal court Monday to charges that it violated U.S. regulations when it illegally handled shipments of rosewood and […]
The Commerce Department on Wednesday said it will impose countervailing duties on imports of cold-drawn mechanical tubing from China and India after affirming that these goods received unfair government subsidies.
The volatile Asia-East Coast South America trade, which is one of the longest and costliest routes to service, saw spot container rates fall from $3,800 per TEU to $2,200 per […]
The port has approved a public-private partnership agreement that involves the expansion of Big Bend Channel, as well as the use of a portion of $4.2 million in Florida Seaports […]
The seasonally adjusted For-Hire Truck Tonnage Index equaled 149 in August, up 7.1 percent from July and 8.2 percent from August 2016, according to the American Trucking Associations.
The less-than-truckload carrier Old Dominion Freight Line has commenced operations at a new service center about 40 miles west of Chicago in Montgomery, Ill.
The U.S. Federal Maritime Commission is preparing to hold public hearings related to a petition filed by the Coalition for Fair Port Practices about when it’s reasonable for ocean carriers […]
The Port Authority of New York & New Jersey names chief security officer, USA Truck appoints vice president of maintenance, TIACA adds two new members to its board of directors, […]
A.P. Moller-Maersk has made another move to free up resources in order to focus future growth on container shipping, ports and logistics by signing an agreement Wednesday to sell Maersk […]
The U.S. Federal Maritime Commission’s staff has updated the way it reviews agreements filed by container carriers and marine terminals.
The category 4 hurricane was 15 miles ESE of Arecibo, Puerto Rico as of 11:00 a.m. eastern standard time, with maximum sustained winds of 140 miles per hour.
The annualized driver turnover rate at both large and small truckload carriers increased sharply between the first and second quarter of 2017.
The Dubai-based port terminal operator entered into deals to acquire Maritime World LLC, the 100 percent owner of Dubai Maritime City, for $180 million and 100 percent of Drydocks World […]
XPO Logistics names chief executive officer of XPO Logistics Europe and managing director-supply chain, Europe; 3Gtms appoints managing director, EMEA; and the International Chamber of Shipping (ICS) names new chairman […]
The trucking and logistics company completed the disposition of all assets associated with its flatbed trucking division to a subsidiary of PS Logistics, LLC.
The German ocean carrier is expecting to bring all of the refrigerated (reefer) units into service during October and November, a company spokesperson told American Shipper.
The Omaha, Neb.-based Class I railway revealed it is redesigning its marketing and sales organization “to align with evolving customer needs.”
Hong Kong International Airport attributed the 10.1 percent year-over-year boost in cargo volumes during the month primarily to an increase in exports.
Leidos Innovations Corp. has won a cost-plus-award-free contract from NASA to provide pressurized cargo packing and unpacking for the International Space Station Program.
The legislation calls for the establishment of a National Freight Mobility Infrastructure Fund, which would be supported through a 1 percent fee on the shipment of freight cargo, to administer […]
The French ocean carrier recorded a net income of $219 million on revenues of $5.55 billion for the second quarter of 2017, with volumes rising 33.3 percent year-over-year.
Spot container rates from Shanghai to Europe and the Mediterranean declined since last Friday, while rates increased from Shanghai to the United States.
A 1 million British pound (U.S. $1.34 million) resurfacing project is currently underway at Scotland’s largest container port and is scheduled to be completed next month.
The U.S. State Department has imposed a $400,000 civil penalty against Bright Lights USA of New Jersey for exports of unauthorized defense components and technical data in violation of the […]
Catapult International appoints new chief executive officer, while Air Transport Services Group and NorthPoint Logistics each name chief operating officer.
The Department of Homeland Security on Wednesday extended a rare one-week waiver of Jones Act rules in an effort to help deliver petroleum products to hurricane-impacted areas along the Gulf […]
Bellevue, Wash.-based Radiant Logistics has finalized various acquisitions in recent months, and Bohn Crain, Radiant’s founder and chief executive officer, said the company is searching for even more acquisition candidates.
Third-party logistics provider Kuehne + Nagel has introduced its KN BatteryChain service, which it says offers an end-to-end solution for safe, reliable and efficient mass transportation and storage of lithium […]
DHL Express has expanded its operations in Hungary by recently opening two new air cargo processing facilities at Budapest Airport with a combined 60,000 square meters of space.
Lineage Logistics hires chief financial officer, OmniTRAX names president of OmniTRAX Energy Solutions and Ervin appoints executive vice president of sales.
Analysts have revealed their various projections on just how much recent hurricanes Harvey and Irma will cost the United States economy, and it appears the consensus is that the nation’s […]
Howard “Skip” Elliott, former vice president of public safety, health and environment with Class I railway CSX, was nominated by President Donald Trump to lead the Pipeline and Hazardous Materials […]
The U.S. Export-Import Bank will extend financial assistance to exporters and financial institutions located in the Texas Gulf coast and Louisiana, as well as Florida, which were negatively impacted by […]
The National Transportation Safety Board (NTSB) is scheduled to meet on Dec. 12, 2017 in Washington, D.C. to determine the probable cause of the October 2015 sinking of the TOTE […]
The containership owner signed time charter extensions with CMA CGM for two 2,207-TEU vessels.
The National Foreign Trade Council (NFTC) appoints new board chairman, Tiger Cool Express names chief executive officer and the Prince Rupert Port Authority’s president and CEO retires.
Although several southeastern ports across the United States have resumed full or partial operations after being affected by Hurricane Irma, others still remain closed.
U.S. Customs and Border Protection (CBP) has agreed to the National Association of Foreign-Trade Zones’ request to delay the electronic FTZ admission (e214) in the Automated Commercial Environment to Dec. […]
Ports covered by the National Retail Federation’s Global Port Tracker handled 1.78 million TEUs of imports in July, the highest monthly volume recorded since the report began in 2000, but […]
The key to making a profit in the shipping industry is managing fleet growth to ensure the balance between supply and demand is just right, according to Peter Sand, chief […]
Global airfreight volumes in July increased 11.4 percent from 12 months prior, while available airfreight capacity rose 3.7 percent, according to the latest figures from the International Air Transport Association […]
U.S. Customs and Border Protection (CBP) is actively recruiting officers for its port locations in Boston and northern border crossings in Vermont and Maine.
The United States and Kuwaiti governments signed a Customs Mutual Assistance Agreement (CMAA) on Sept. 7, taking steps to collaborate on security and trade facilitation.
The U.S. Federal Maritime Commission (FMC) plans to wrap up work on its industry-based supply chain innovation project and present the results in a report this fall, according to FMC […]
U.S. Customs and Border Protection (CBP) is preparing for the release of its new electronic customs broker exam at more than 48 test locations nationwide on Oct. 25.
The Federal Aviation Administration (FAA) has proposed a $54,000 fine against a French company and a $50,000 penalty against a North Carolina shipper for undeclared hazardous air shipments.
The electronic logging device (ELD) mandate, scheduled to take effect Dec. 18, 2017, requires that ELDs be installed on all interstate commercial vehicles model year 2000 and newer.
Canadian Pacific and the Teamsters Canada Rail Conference-Train & Engine tentatively agreed on a one-year renewal of their existing labor agreement.
The U.S. exported 104,488 metric tons of beef in July, a 5 percent increase from 12 months prior, while pork exports reached 173,675 metric tons and lamb exports totaled 593 […]
President Trump has nominated former Iowa Department of Transportation director Paul Trombino III to lead the Federal Highway Administration.
The National Association of Foreign-Trade Zones (NAFTZ) has asked Customs and Border Protection to delay the planned Sept. 16 transition of the Application for Foreign-Trade Zone Admission and/or Status Designation […]
Basel, Switzerland-based Panalpina completed its acquisition of Kenyan freight forwarder Air Connection last week.
The U.S. Department of Homeland Security (DHS) on Friday approved a seven-day waiver of Jones Act rules to expand the options for delivering fuel to states and territories impacted by […]
The total value of U.S. spirits exports during the first half of 2017 jumped 10.6 percent to $698.5 million compared with the same period last year, according to recent data […]
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Anchor Group, San […]
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
FMC reviews 11 OTI license applications
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 11 license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Radjames Mejia, Bay Shore, […]
Persons knowing of a reason why an applicant should not receive a license may contact the Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
Persons knowing of a reason why an applicant should not receive a license are asked to contact the Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 11 license applications for review. The FMC received non-vessel-operating common carrier license applications from Four Points Ocean, Woodbridge, N.J. (Joseph Felitto, president); […]
The U.S. Federal Maritime Commission has received 11 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Armada AVS Corp., Carson, Calif. […]
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from FA Logistics […]
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
Individuals knowing of a reason why an applicant should not receive a license should contact the Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 11 license applications and changes for review. The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from Atlanta Customs Brokers & […]
Individuals knowing of any reason why an applicant should not receive an OTI license or amendment are urged to contact the Office of Transportation Intermediaries.
The Georgia Ports Authority appoints senior director of trade development for ocean carrier and non-container sales, and East Coast Warehouse & Distribution names senior director of warehouse operations.
Mayfield Heights, Ohio-based advanced materials manufacturer Materion’s global export compliance program never takes a day off, simply because the regulatory risks are too great and the commitment to due diligence […]
As of 11:00 a.m. eastern standard time, Hurricane Irma was 270 miles east of Caibarien, Cuba with maximum sustained winds of 150 miles per hour, according to the National Hurricane […]
China COSCO SHIPPING’s acquisition of the parent of Hong Kong-based liner carrier Orient Overseas Container Line (OOCL) earlier this week received approval from China’s State-owned Assets Supervision and Administration Commission, […]
The Shanghai Containerized Freight Index fell 3.5 percent just since last Friday, as rates from Shanghai to Europe, the Mediterranean and the United States all recorded weekly declines.
Erdal Kuyumcu, the chief executive officer of Woodside, N.Y.-based Global Metallurgy, was sentenced to nearly five years in prison following his June 14, 2016 guilty plea for conspiracy to illegally […]
The aftermath of Hurricane Harvey, combined with the looming threat of Hurricane Irma, which is likely to reach South Florida this weekend, is causing trucking costs to surge, according to […]