Frontline’s disappearing dividend ‘speaks volumes’ on tanker fears
Worries mount for crude tankers: dividend cuts, the pandemic, a stubborn floating-storage hangover … and now newbuild chatter.
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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Worries mount for crude tankers: dividend cuts, the pandemic, a stubborn floating-storage hangover … and now newbuild chatter.
Bulk soybean and corn exports are way up, but containerized ag exports are waylaid by equipment shortfalls and Chinese inspections.
IMO 2020 and new amendments have the potential to further lower emissions for maritime freight. Carriers are using low-emission fuels, scrubbers and shore-to-ship power.
Mirroring bullish comments by Maersk and Hapag-Lloyd, container line CMA CGM reports a strengthening market in the fourth quarter.
Quick action comes on heels of a call for action by key trade group; Commissioner Maffei says it may not be enough
As COVID hospitalizations surge and business restrictions mount, could U.S. importers be overshooting the mark?
Maersk confirms that cargo demand looks strong through year-end, bucking the usual seasonal trend.
Former Bethlehem Steel plant site at Sparrows Point, Maryland, attracts shippers and 3PLs to build Northeast distribution centers.
Earlier Harbor Trucking Association complaints about fees in Los Angeles/Long Beach now extended to New York/New Jersey; FMC commissioner says some action likely
“Winter is Coming” is a warning in House Stark and usually a blessing for tankers. But there’s nothing usual about 2020.
The London-based maritime market data provider will offer subscribers airfreight indices via partnership with TAC.
Hapag-Lloyd sees strength until “at least Chinese New Year” and a challenge to “get containers where they need to be.”
There are not enough containers in China to handle all the U.S.-bound cargo — and box factories are now sold out into Q2.
Freight forwarder guides customers through online shopping shift and transport capacity choke points.
Each cut to separate the car carrier into eight pieces is expected to take “at least a week in ideal conditions.”
The one-two punch of the Pfizer vaccine and Joe Biden’s victory will affect container and tanker shipping in multiple ways.
Garner Transportation Group president and CEO is the second woman to chair the American Trucking Associations.
The trans-Pacific capacity crunch continues. Container volume that’s either inbound to Los Angeles or stuck at anchorage is surging.
Euronav exec curses crude-tanker market (literally). Scorpio exec pitches product-tanker promise and throws shade at crude side.
A look back at the days after the 2016 presidential election and the strange case of “The Donald Trump Shipping Stock Boom.”
U.S.-listed carrier reveals the latest on trans-Pacific holiday rush, restocking, e-commerce spike and port congestion.
A half-dozen basic tips on what drayage truck drivers must consider when picking up a container chassis from a pool.
Expeditors sees drop in air, ocean moves but net income climbs
Positive COVID recovery signal: LNG shipping is behaving normally again, with a typical seasonal spike.
ZeroNorth makes board appointments, and Southeastern Freight Lines promotes a service center manager.
GPA looks to receive board OK next month for initiative.
Chassis manufacturer anticipates chassis shortage as COVID-19 subsides as well as desire among pool operators to replace aging units.
Kirby tops earnings expectations on lower costs despite COVID and hurricane hits to demand.
Danish third-party logistics services provider’s bottom-line benefits from easing COVID-19 during summer months.
The trans-Pacific market is bursting at the seams as shippers rush in holiday cargoes.
“Efficient and safe delivery of COVID-19 vaccines around the world is the most urgent logistics challenge we face today.”
A half-dozen basic physical characteristics of ocean containers should be considered before shippers or their packers stuff them.
What happens next at the IMO will affect oceangoing ship capacity — and freight rates — for decades to come.
Ro-ro vessel has lain on its side since running aground while sailing from the Port of Brunswick in September 2019.
Coast Guard helicopter and response boat used along coast of Georgia.
How former World War II-built American tankers became the bulwark of international commercial oil transport in the 1950s and 1960s.
Crowley has the Jones Act-compliant marine transportation assets to accommodate the start of the burgeoning U.S. offshore wind industry.
Svitzer, Alvys, Blue Ridge, Duluth Seaway and Bureau Veritas announce appointments.
More recovery signals: container lease pricing up over 50% versus second quarter, new container prices up 40% year-to-date.
High cost of repositioning reefer equipment is hitting food exporters hard amid ongoing tariff fallout.
German forwarder says acquisition will expand its global business in handling nonhazardous bulk liquids such as alcoholic beverages and edible oils.
State officials were among the guests cheering for the ports’ fiscal-year successes.
JAXPORT is there to help as consumers shift from a shop-till-you-drop mentality to a shop-till-it-drops reality.
New Kpler data reveals slow pace of floating-storage unwind and steady fall in crude-tanker utilization.
The carrier sought relief from commission regulations earlier this month as part of its efforts to recover from a crippling cyberattack in late September.
The ocean container industry association files an agreement with the U.S. Federal Maritime Commission to ensure its collective activities do not violate the Shipping Act.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
Port Call Data Definitions guide is available for free download.
On a collision course: holiday timing, surging consumer demand, thin inventories, and capacity constraints for container liners and ports.
Former Port Authority of New York and New Jersey executive takes over at IICL from Steven Blust, who will continue in a senior adviser role.
The National Customs Brokers and Forwarders Association of America’s general counsel Ed Greenberg looks forward to spending time with his grandson.
Werner, STG Logistics and ZIM add board members; Port of Oakland, Avetta and Raymond James make appointments.
Sequel to “The Shipping Man” asks whether ESG will kill the old-school style of traditional shipowners.
Cargo mix and larger locks kept Panama Canal volumes rising despite headwinds.
“Regardless of who wins the upcoming elections, our country is in desperate need of a cohesive export plan as well as an infrastructure program and a digitization strategy for ports across the country,” says Executive Director Gene Seroka.
A “blue sweep” win for Democrats could be good for container ships, bad for tankers.
Denny Slagle retired as Volvo Group executive vice president and Mack Trucks president in 2018.
The U.S. Federal Maritime Commission will consider a change in its regulations that would allow filing of service contracts up to 30 days from the agreement’s effective date.
Listed carriers are poised to post stellar third-quarter numbers on higher rates and volumes.
The U.S. Federal Maritime Commission will consider the French liner carrier’s relief petition to give it time to clean up its systems.
Container chassis management model in the U.S. challenges advancement of full-circle tracking technologies.
The ro-ro vessel that capsized leaving the Port of Brunswick in September 2019 will be cut into eight multi-ton sections.
Banks, charterers, shipowners and governments want to clean up ocean transport. Not necessarily in the same way.
The U.S. Federal Maritime Commission wants to learn the extent of allegations that ocean carriers are targeting noncontracted service providers for freight payment.
U.S. Federal Maritime Commission steps forward with notice of inquiry to evaluate alleged ocean carrier abuse of “merchant” definition for bill of lading responsibility.
Shipping CEOs see an increasing risk of a global economic crisis in the decade ahead.
Another key bellwether — the cost of dry bulk freight — is pointing to an economic recovery.
SAL Heavy Lift Group sees Intermarine expanding its ability to serve project cargo shippers throughout North and South America.
The inability of ocean carriers to timely inform shippers of schedule changes results in costly logistics disruptions and potential for lost international sales.
The harbor commission voted to replace the aging Gerald Desmond Bridge in August 2010.
Announcement of IT EVP and chief digital officer appointments doesn’t mention this week’s ransomware attack.
‘Get ready for the biggest restocking cycle on record,’ says Jefferies.
Tim Robertson succeeds Bill Meahl, who will continue to serve in an advisory role until his retirement next September.
U.S. Federal Maritime Commission anticipates COVID-19 impact on U.S. supply chain to continue into the first half of 2021.
YM Mandate leaks fuel oil in New Jersey, and the Hong Dai runs aground in Virginia.
As NYSHEX expands and Maersk Spot nears U.S. approval, ocean transport contracts could become more binding.
For DHL Global Forwarding, the coronavirus pandemic is no excuse for the ocean freight industry to neglect sustainability initiatives in the supply chain.
Insight Partners’ investment will allow PayCargo to build new online freight payment services and tools for shippers, 3PLs and transportation providers.
Marine fuel prices are down 30% year-on-year despite the IMO 2020 regulation.
The Ocean Carrier Equipment Management Association says the Federal Maritime Commission’s jurisdiction does not apply to a domestic transport dispute with container-hauling truckers.
Bullish signal: Strong demand for box equipment extends into 2021.
Analysts point to upside prospects for container-ship stocks as charter rates rebound.
Naval architect says the release of 1,500 tons of ballast left the ro-ro vessel without the needed energy to make a turn leaving the Port of Brunswick.
Ocean shipping stocks remain mired in a sea of red. A bad year is getting worse.
Northwest Seaport Alliance CEO John Wolfe is encouraged by an increase in imports so far this month.
Port of Brunswick pilot recounts harrowing moments when car carrier tipped over.
China could decide enough is enough if trans-Pacific rates rise too high.
New Panjiva survey reveals extent of coronavirus fallout on global supply chains.
Gene Seroka says the “disruption and breakdown of the global medical supply chain” during the COVID-19 pandemic highlighted the need for change in the maritime sector.
Changes with significant impact on rail customers are taking place across New England.
The National Customs Brokers and Forwarders Association of America said its members are tired of ocean carriers charging them hundreds of dollars over their service contract rates.
Technical difficulties plague the first day of a livestreamed hearing conducted by the Coast Guard.
Amid talk of more floating storage, Kpler data reveals most of round-one storage volume is still on the water.
COVID-19 may have disrupted supply chains but not the U.S. Federal Maritime Commission’s regulatory and policy focus on ocean container shipping, FMC chairman says.
Hyster introduces newest double-empty container handler to marine terminal and intermodal rail yard operators.
As prosecutors rack up guilty pleas in 2019 case, more coke crosses via ship from South America to Europe in 2020.
Ro-ro vessel remains on its side awaiting dismantling and removal off the Georgia coast.
Iowa transportation company Travero plans to open a multimodal cross-dock operation by next September.
More than 20 years of investment and dedication to the U.S. wind energy industry pays off for Anderson Trucking Service even during the worst of times.
New ocean container floor design developed and tested by the Institute of International Container Lessors over the past 10 years reduces wood use by up to 45%.