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.
The International Bunker Industry Association is partnering with the Trident Alliance due to their mutual concerns over proper enforcement of the future 0.5 percent Global Sulphur Cap.
Netherlands-based container supplier CARU Containers purchased Chinese container trader Fine Link for an undisclosed sum March 1.
Global aramid producer Teijin Aramid established a collaboration agreement with MACRO Industries for the joint development, manufacturing and commercialization of more durable, fire-resistant air freight containers.
Mayor Ras Baraka sent a letter to Secretary of Labor Thomas Perez and several other federal agencies complaining that too few minorities and women are being hired for dockworker positions […]
Containerized cargo volumes in February benefited from strong growth in imports that “indicate consumer confidence,” Port of Los Angeles Executive Director Gene Seroka said in a statement.
A Taiwan National Airborne Service Corps helicopter crashed after dropping members of the country’s Environmental Protection Agency on to the grounded TS Taipei to evaluate any potential environmental risks, according […]
To defend against new strategies and niche value offerings, operators should leverage their specific expertise and develop flexible capabilities that address changing shipper needs, according to a new report from […]
Price indexes for U.S. imports and exports dropped 0.3 percent and 0.4 percent month-over-month, respectively, according to the United States Department of Labor’s Bureau of Labor Statistics.
Supply chain solutions company VersaCold Logistics Services entered into an agreement to acquire Coastal Pacific Xpress for an undisclosed sum.
During the month, London Heathrow Airport experienced a boost in exports to Latin America and East Asia, London Heathrow Airport CEO John Holland-Kaye said.
The non-vessel operating common carrier unveiled its new direct import service from London to New York, along with a new less-than-container-load export service to Russia that will be offered from […]
Hong Kong International Airport primarily attributed February’s 14.9 percent year-over-year decline in cargo volumes to the 23 percent year-over-year drop in exports.
American Airlines Cargo expanded its San Juan cold-chain network last week with the opening of a new 600-square-foot space and will open a 4,000-square-foot drive-through perishable facility in the Dallas-Fort […]
Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd and OOCL issued general rate increases.
In a letter to the United States Coast Guard, a group of 49 shipper organizations from the agricultural sector say it is unreasonable for shippers to be required to tell […]
Responding to a Senate antitrust subcommittee, the Justice Department’s top antitrust official said the proposed voting trust is “an area of concern” as it could allow Canadian Pacific to make […]
Port of Halifax will remain Atlantic Container Line’s largest port of call in North America and its gateway for Canadian cargo and freight bound for the United States Midwest, the […]
Weight tickets submitted by roll-on/roll-off carrier Farrell Lines to support their billing invoices were “recreated” by Damco employees, which constituted a failure to comply with the terms of a contract […]
Shipment volumes and expenditures both bounced back in February, climbing 8.3 percent and 6.3 percent, respectively, from the previous month, according to the latest Cass Freight Index Report.
The Washington-based National Foreign Trade Council has appointed Rufus Yerxa as its new president, effective May 9.
The Kenyan port’s new container terminal boosted its container handling capacity by 50 percent.
The privately owned port terminal operator did not release specific statistics underlying throughput growth across its network.
The Shanghai Containerized Freight Index has posted continuous declines since the start of 2016, while the World Container Index has fallen 62 percent in the past year and is currently […]
Deutsche Post DHL Group’s consolidated net profits (after non-controlling interests) fell 25.6 percent year-over-year to 1.5 billion euros on revenues that rose 4.6 percent to 59.2 billion euros compared with […]
After posting a $4.3 billion loss for 2015, Daewoo Shipbuilding & Marine Engineering Co., which just two years ago employed 55,000 workers, plans to further reduce its workforce from 42,000 […]
The record February volumes at the Southern California port reflected orders that were made prior to Lunar New Year lull, according to the Port of Long Beach.
Canadian Pacific Railway is continuing to pursue an acquisition of Norfolk Southern Corp., officially asking shareholders to force the NS board to engage in negotiations regarding a potential merger of […]
The New Zealand port released a draft proposal for a new berth, which would require dredging and the construction of a new wharf.
Third party logistics services provider Dachser has set up a new central organization called Corporate Solutions, Research & Development to further develop industry-specific logistics solutions and bundle its research and […]
The German ocean carrier will become a member of the Deutsche Börse index, a Blue Chip Equity Index composed of 50 small and medium-sized companies.
Once UPS’s package sorting and delivery facility in Herne is upgraded, it will have an operating area of 25,000 square meters and a package sorting capacity of over 36,000 pieces […]
The containership lessor is looking at opportunities for sale-leasebacks with liner companies, buying ships from private equity firms that are now look to exit the container shipping sector, and investing […]
Air Transport Services Group has confirmed that it has reached agreements with Amazon Fulfillment Services to operate an airfreight network to serve the giant online retailer’s customers in the United […]
If the quest for bigger and bigger containerships has run its course, future vessel ordering may instead be based on individual lines’ assessment of future demand growth, according to a […]
The ocean carrier alliance is terminating its Asia-North Europe NE8 loop this month, which will result in a 10.9 percent drop in its weekly deployed capacity on the trade, according […]
Maersk Group subsidiary APM Terminals has completed the purchase of eight of 11 terminals from the Barcelona, Spain-based operator and still hopes to acquire additional TCB terminals in Turkey and […]
Ports covered by the Global Port Tracker report handled 1.5 million TEUs for the month, up 4.4 percent from December and 21.4 percent from “unusually low figures” in January 2015, […]
The U.S. Transportation Department’s Federal Motor Carrier Safety Administration and Federal Railroad Administration have proposed rules to screen, evaluate and treat truck drivers and railroad workers for obstructive sleep apnea.
Total shipments for third-party logistics providers grew 8.5 percent in the fourth quarter, but total revenues fell 4.7 percent compared to the same 2014 period, according to a recent benchmarking […]
The United States exported more volumes of beef, pork, and lamb in January compared to last year, but in terms of value, each segment experienced declines.
Global airfreight volumes grew 2.7 percent year-over-year in January, but the freight load factor averaged 41.3 percent, a 1.8 percent decline from January 2015.
The largest domestic tank barge operator in United States has expanded its fleet with the acquisition of 27 inland tank barges and 13 inland towboats, plus one tank barge and […]
The City of Vancouver has agreed to purchase the nine-kilometer rail route from Canadian Pacific Railway for $55 million, according to a statement from CP.
The U.S. Federal Maritime Commission has received 18 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from DBN Carrier, Los Angeles (Bayasgalan […]
The U.S. Federal Maritime Commission has received 18 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 FMC’s Office of Transportation Intermediaries.
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review.
FMC reviews 18 OTI license applications
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Bruzzone Shipping, Freeport, […]
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 18 license applications for review. They include NVOCCs, NVO ocean freight forwarders, and an ocean freight forwarder.
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Emjay Global, […]
The U.S. Federal Maritime Commission has received 18 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from AAW Global Logistics PTY Ltd., Victoria, Australia […]
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary (OTI) license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Clover […]
The U.S. Federal Maritime Commission (FMC) has received 18 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 18 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from International Van Lines, Coral Springs, […]
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review.
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.
Chris Welsh, Secretary General of the Global Shippers’ Forum told the ICHCA conference in Barcelona he wants an international forum to address the impact of ultra-large containerships and “super alliances” […]
Citing violations of federal export control regulations, the U.S. Commerce Department’s Bureau of Industry and Security has added a Chinese technology company and three of its affiliates to a list […]
The commercial engine manufacturer said an internal audit has revealed fuel consumption tests for around 2 percent of its four-stroke marine engines understated consumption by about 1 percent.
Sens. Mike Lee and Amy Klobuchar wrote a letter to the United States attorney general’s office saying Canadian Pacific’s proposed takeover of Norfolk Southern Corp. could “limit the ability of […]
The Omani port signed a memorandum of understanding with two Iranian ports to facilitate trade growth between the two nations.
A transportation and logistics services provider for the pharmaceutical, healthcare and consumer electronics sectors in Germany, trans-o-flex generates annual revenues of around 500 million euros.
NYK is joining the joint Hapag-Lloyd, “K” Line, Simatech, Evergreen Line and Yang Ming operated SWACO-8/CIX-2, which is adding a call at Mundra, next week, while the SWACO-1/INDFEX-1, operated by […]
The independent containership owner and manager reported net earnings of $199.4 million on revenues of $819 million for 2015, year-over-year increases of 51.9 percent and 14.2 percent, respectively.
The United Kingdom-based port owner and operator entered into an agreement to purchase 152 acres of land just east of the Port of Tilbury, which will expand the port’s coverage […]
The Danish ocean carrier is adding Sokhna to its portfolio of ports in Egypt.
The third largest container carrier saw net profits in 2015 decrease 2.9 percent to $567 million on revenues that fell 6.4 percent to $15.7 billion compared with the previous year, […]
The third largest container carrier saw net profits in 2015 decrease 2.9 percent to $567 million on revenues that fell 6.4 percent to $15.7 billion compared with the previous year, […]
Despite a poor second half last year, the Hong Kong-based parent of ocean carrier OOCL expects to reap benefits from its new Middle Harbor terminal at the Port of Long […]
One shipper described the long truck lines at the Port of Oakland as a “debacle” as cargo volumes at the SSA terminal have climbed suddenly due to the rapid exit […]
The Independent Pilots Association will make oral arguments to the U.S. Court of Appeals today in a lawsuit challenging the Federal Aviation Administration’s exclusion of all-cargo operators from its new […]
A spokesperson for Hyundai Merchant Marine, however, dismissed reports of a combination between the two South Korean shipping conglomerates as nothing more than a “half baked rumor” just one week […]
Job cuts at transportation and logistics companies during the month were again led by a decline in courier and messenger positions, according to recent preliminary data from the United States […]
The shipping company’s Container and Terminal Division, which consists of intermodal shipping line Eucon and two container terminals in Ireland, posted revenues of 118.2 million euros for 2015, a 10.5 […]
The Alpharetta, Ga.-based cold chain solutions provider began development of a 9,000-square-meter, temperature-controlled warehouse on the Maasvlakte at the Port of Rotterdam.
The UPS Worldwide Express package service has expanded its network to include 88 countries and territories.
Cargill appoints head of ocean transportation, while International Business Systems names Americas general manager and ClassNK picks new chairman.
Exports of goods and services from the United States decreased to $176.5 billion in January from $180.3 billion the month prior, according to data from the Commerce Department.
Providing the verified gross mass of laden cargo containers is not a commercial matter, but regulatory matter, according to a letter sent to the United States Coast Guard by the […]
The Shanghai Containerized Freight Index and the Ningbo Containerized Freight Index, which measure spot pricing on various east-west trade lanes, both dropped again since last week.
Federal Motor Carrier Safety Administration has proposed a set of national prerequisite training standards for entry-level commercial truck operators seeking to obtain a commercial driver’s license (CDL).
The less-than-truckload division of FedEx Corp. said in a letter to the U.S. Surface Transportation Board a merger between Canadian Pacific Railway and Norfolk Southern Corp. would “lead to diminished […]
The U.S. Commerce Department this week preliminarily set antidumping duties on imports of certain cold-rolled steel flat products from Brazil, China, India, Japan, South Korea, Russia, and the United Kingdom.
Jennifer Hedrick will replace Bruce Carlton as executive director and MCI USA will provide association management services to National Industrial Transportation League.
Carload volumes dropped 10.1 percent in February, but intermodal shipments grew 12.9 percent compared with February 2015, according to data from the Association of American Railroads.
The French ocean carrier will become a slot purchaser on the jointly operated APL, MOL, NYK and Hanjin ASA service between Asia, Mexico, Colombia and Panama this week.
Net orders for North American Class 8 trucks in February dipped 2 percent from January, but were still down 43 percent from February 2015, according to preliminary data from freight […]
The independent shipping agency opened a fully staffed agency office in Hamilton, Ontario on Tuesday to provide vessel owners and operators service at Canadian ports.
A total of 1,087 cargo thefts were reported in Mexico throughout 2015, a 73 percent increase from 2014.
The Russian port operator and stevedoring company handled 11.9 million metric tons of cargo in January, a 6 percent decline from January 2015.
The 2016 Great Lakes shipping season commenced operations March 2 and the locks at Sault Ste. Marie, Mich. are scheduled to reopen March 25.
The French ocean carrier will deploy the mammoth 18,000-TEU CMA CGM Benjamin Franklin and five sister ships in the transpacific trade between Asia and the United States West Coast starting […]
Providing the verified gross mass of laden cargo containers is not a commercial matter, but regulatory matter, according to a letter sent to the United States Coast Guard by the […]
The French ocean carrier will deploy the mammoth 18,000-TEU CMA CGM Benjamin Franklin and five sister ships in the transpacific trade between Asia and the United States West Coast starting […]
Local 63-Office Clerical Unit of the International Longshore and Warehouse Union reached seven-year labor deals with employers months ahead of the current contract expiration date this June.
The global trade and transportation software provider posted a net income of $20.6 million on record revenues of $185 million for the fiscal year 2016, which ended Jan. 31, 2015, […]
