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.
YRC Freight names VPs and SEKO Logistics picks head of aerospace vertical, while MARS elects 2016 officers and Volga-Dnepr Airlines appoints global directors.
Although the Canadian port’s container volumes surged during 2015, total throughput dropped 4.8 percent year-over-year to 19.6 million metric tons.
Many are either unprepared for or completely unaware of the Modern Slavery Act, which requires businesses in the U.K. to report efforts to eradicate human trafficking and slave labor from […]
The strike action, called by Hellenic Crew Union and the Towage and Salvage Crew Union of Piraeus in response to planned changes to labor and insurance rights, pensions and retirement […]
The Hong Kong-based third-party logistics provider told analysts on a conference call it plans to acquire a 51 percent stake in an unnamed U.S. freight forwarder within two months, according […]
The container terminal operator handled 14.5 million TEUs at its terminals in 2015, a 2 percent decline from 2014.
Canadian National Railway has submitted an application to the Canadian Transportation Agency for the approval of its proposed intermodal and logistics hub to be built in Milton, Ont.
The Northern European port system that comprises the Port of Le Havre, the Port of Rouen and the Port of Paris, handled 91.4 million tons of cargo in 2015, a […]
The railcar leasing company’s revenues and earnings were both down slightly year-over-year in the fourth quarter, but its full year results were almost identical to the previous year.
United States Secretary of Commerce Penny Pritzker arrived in Lagos on Monday with a group of executives to explore business opportunities in Nigeria and Rwanda.
The third-party logistics provider has launched its UWL FlexiTank service, a new shipping solution for non-hazardous, liquid bulk cargo.
The polyethylene terephthalate (PET) resin producer decided to further invest in its Corpus Christi, Texas facility.
MOL (America) names new vice president of area operations, while the Port of Houston Authority announces reappointment of commissioner.
Meanwhile, the United States Coast Guard will hold its first Marine Board of Investigation hearing on the largest U.S. maritime tragedy in decades from Feb. 16 through Feb. 26 in […]
Kansas City Southern full-year net income in 2015 was down nearly 4 percent on revenues that fell 6 percent compared to the previous year, according to the company’s most recent […]
Volume growth in 2016 is unlikely to match the 15 percent growth rate seen last year despite the opening of new, expanded Panama Canal locks, according to the London-based consultant.
The commercial aircraft manufacturer will recognize an after-tax charge $569 million ($0.84 per share) in its fourth quarter 2015 financial results, but said the charge will not affect top line […]
The Department of Transportation has awarded the funds to seven separate firms for the purpose of maintaining 48 ships in MarAd’s National Defense Reserve Fleet over the next eight years.
On Jan. 18, United Kingdom-based courier services company Rico acquired a majority shareholding in Circle Express, which provides a collection and delivery service that is specifically targeted at the UK […]
The German ocean carrier issued a general rate increase from Northeast Asia to Australia, scheduled to take effect March 1.
3PL veteran starts Allport Cargo Services USA and Suttons Group names new chairman, while Röhlig names Germany ocean cargo manager and Avianca picks interim CEO.
Ocean carrier Mediterranean Shipping Company will launch a new loop between Asia and the Red Sea Feb. 12.
Decelerating demand growth and continuing expansion of new shipping capacity has led to new lows for freight rates on mainstream shipping routes, according to a profit warning from ocean carrier […]
The Port of Oakland has indicated officials are negotiating with TraPac, but said its other terminals will handle former OHT cargo and expects no diversion as a result of decision […]
The Hong Kong-based ocean carrier Orient Overseas Container Line said its overall revenue per TEU in the fourth quarter of 2015 fell 17.3 percent compared to the same quarter a […]
Canadian Pacific Railway Ltd. CEO E. Hunter Harrison said yesterday the workforce reduction will come from all areas of the company as slumping cargo volumes caused a 29 percent decline […]
Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all fallen in each of the past three consecutive weeks.
The intermodal and trucking specialist posted a fourth quarter 2015 profit of $116.7 million and earnings per share of $1.01, surpassing analyst projections of $0.99 per share.
The alliance, which consists of the Port of Seattle and Port of Tacoma, handled 3.53 million TEUs in 2015, a 4 percent increase from 2014.
Although Amsterdam Airport Schiphol, London-Heathrow and Frankfurt Airport saw throughput decline in 2015 in comparison to 2014, Leipzig/Halle Airport and Brussels Airport reported year-over-year increases in airfreight volumes.
DP World Russia, an 80/20 joint venture between the port terminal operator and the Russian Direct Investment Fund, aims to further the development of port and logistics infrastructure in Russia.
The global dry bulk commodities trader Cargill said Thursday that it intends to close the London office of its ocean transportation arm due to deteriorating market conditions.
The port handled 1.9 million metric tons of cargo in 2015, a 14 percent decline from 2014.
APM Terminals and Compañia de Puertos Asociados S.A. (Compas S.A.) finalized a new joint venture, Cartagena Container Terminal Operator, to jointly manage and operate Compas S.A.’s existing multipurpose terminal in […]
The inland river port in northeastern Oklahoma handled 1.55 million tons of waterborne cargo during the past year, a 34.3 percent decline from 2014.
Aljex Software names VP of corporate strategy and IICL elects 2016 board, while SOGET appoints CEO and Hansa Heavy Lift picks offshore adviser.
The Port of Long Beach has “little to fear from other ports or the Panama Canal stealing our cargo and the jobs that come with it,” CEO Jon Slangerup said […]
Canadian Pacific Railway Limited posted a net income of $319 million Canadian on revenues of $1.69 billion Canadian for the fourth quarter of 2015, year-over-year declines of 29.3 percent and […]
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.4 percent this year, down from its […]
The new service from the Port of Wilmington in North Carolina will connect with Charlotte starting this spring, and an another CSX intermodal hub in Raleigh is slated for a […]
FedEx Ground will locate a new 300,000-square-foot distribution facility at the site of the former Bethlehem Steel plant at Sparrows Point near Baltimore city.
The Western U.S. railroad says an uncertain economy, energy markets, plunging commodity prices, and the strength of the U.S. dollar will be continuing challenges in 2016.
The European port handled 466.4 million tons of cargo in 2015, a 4.9 percent increase from the prior year, which primarily resulted from a surge in crude oil and oil […]
The National Shipping Company of Saudi Arabia reported skyrocketing profits in 2015 and experienced a significant fleet expansion after its merger with crude oil tanker company Vela Marine International Ltd.
The acquisition of vehicle and automotive parts specialist De Rooy Logistics will allow Netherlands-based Jan de Rijk to expand its existing services within the industry, the company said in a […]
The cargo-dedicated airline will invest $77 million in “Cargolux China,” a new joint venture Chinese cargo airline expected to commence operations in 2017.
The Dubai-based port terminal operator has been granted a 25-year concession to develop and operate a new logistics center in Kigali, Rwanda.
The third-party logistics provider opened a new branch office in Charlotte, N.C. to meet the needs of its expanding client base.
China COSCO Holdings Company Ltd., which also owns container carrier COSCO and port terminal operator COSCO Pacific, has made an offer of $402 million for a 67 percent stake in […]
Canadian Pacific on Tuesday asked the U.S. Justice Department to investigate what it says is a concerted effort by the other Class I railroads to block its attempt to purchase […]
The 17th richest person in Taiwan, Chang was known as a bit of a maverick in the ocean shipping industry, as well as a philanthropist and environmental advocate.
The parcel carrier, many of whose clients are large retailers, was hit hard by a holiday shopping season that “fell far short” of expectations, according to court filings with the […]
Effective March 1, 2016, truckload carrier U.S. Xpress will increase base mileage pay by an average of 13.5 percent for solo drivers with clean driving records for the previous 12 […]
The Danish supply chain specialist’s $1.35 billion merger agreement with struggling third-party logistics provider UTi Worldwide is expected to close Friday.
The Polish Port, which made numerous investments throughout 2015, handled 35.9 million tons of cargo during the year, an 11.3 percent increase from 2014.
The Saudi Arabian port reached a throughput of 1.3 million TEUs in 2015 and opened its fourth berth during the year, which gave it the capability to handle over 2.7 […]
Cargo volumes at Hong Kong International Airport totaled 4.38 million tons in 2015, a 0.1 percent increase from the prior year.
Port Corpus Christi lines up 2016 commission officers, while Polymer Logistics names sales VP and HMI/Gulf Marine appoint new CEO.
The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a “unilateral” decision to depart by the joint operators of Outer Harbor […]
The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a “unilateral” decision to depart by the joint operators of Outer Harbor […]
European terminal operators say they want implementation guidelines for the new IMO rules requiring shippers to provide the verified gross mass of containers that “do not create competitive distortions between […]
Although the Federal Railroad Administration doesn’t have the authority to block railroad mergers, Administrator Sarah Feinberg told the Wall Street Journal there are “significant safety hurdles” to any merger involving […]
Wan Hai, Mitsui O.S.K. Lines (MOL), Interasia Lines (IAL) and Pacific International Lines (PIL) will commence a new liner service between China, Southeast Asia and the Indian Subcontinent next month.
Atlas Air Worldwide Holdings will acquire privately held Southern Air Holdings, a longtime air cargo services provider, for $110 million.
Non-vessel-operating common carrier Vanguard Logistics Services has acquired South African firm ILA, adding offices in Durban, Johannesburg and Cape Town to its network.
Hindered by the slowdown of global and domestic economies, the South Korean port handled approximately 19.45 million TEUs in 2015, 50,000 short of its throughput goal for the year.
The United States imported 36.34 million net tons of steel during the first 11 months of 2015, a 10.7% decline as falling oil prices and continued economic uncertainty abroad hindered […]
The shipping carrier entered into an agreement with Groupe CAT to acquire its 50 percent shares in CAT-WWL, making Wallenius Wilhelmsen full owner of the finished vehicles services joint venture.
A total of 87.2 million tons of cargo was transported by U.S.-flag Great Lakes freighters in 2015, a 3.3 percent decline from 2014.
The United States Coast Guard began icebreaking operations last week on the Great Lakes and in the Northeast region of the United States.
The U.S. Federal Maritime Commission has received 13 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Alliance Logistics Group Corp., Gardena, Calif. […]
The U.S. Federal Maritime Commission has received 13 license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Em-Lines Ltd., Hong Kong (Robin […]
The U.S. Federal Maritime Commission has received 13 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 13 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Feiliks Global Logistics […]
The U.S. Federal Maritime Commission examines 13 ocean transportation intermediary license applications.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
FMC reviews 13 OTI license applications
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Marine […]
The U.S. Federal Maritime Commission has received 13 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 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 13 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Anchor Express, Wood Dale, Ill. […]
The privately-held ERP software company will integrate its CloudSuite Retail system, as well as those of e-commerce platform GT Nexus, with cloud-native predictive and prescriptive analytics provider Predictix.
The proposed Safety Fitness Determination rule would update FMCSA’s safety fitness rating methodology by integrating on-road safety data from inspections, along with the results of carrier investigations and crash reports.
The European Commission has opened an inquiry into whether the Port of Antwerp violated EU state aid rules by reducing compensation payments for PSA Antwerp and Antwerp Gateway after failing […]
Vinalines will trim its share holdings in the ports of Haiphong and Saigon in Vietnam as well as sell stakes in others at the behest of Prime Minister Nguyen Tan […]
United States truck trailer net orders totaled 25,500 units in December, a 35 percent decrease from November and 43 percent decline from the same period in 2014.
The port handled 574.9 million tons of cargo in 2015, a 1.1 percent decline from 2014.
The weak Canadian economy has been the primary factor behind the decline in steel exports, which fell 16.8 percent year-over-year for the first 11 months of 2015, according to the […]
The fourth phase of expansion has commenced at the Kerry Siam Seaport in Laem Chabang, Thailand.
The less-than-truckload carrier opened its newest service center in Memphis, Tenn.
USA Truck names new CEO and SAL picks Asia market head, while Cargo 2000 appoints technical manager and AWO promotes VP to COO.
The Jacksonville, Fla.-based Class I railway’s $272 million “Carolina Connector” project is contingent on securing $100 million in funding from the state of North Carolina.
Rail freight volumes in the United States dropped 2.5 percent year-over-year to 28 million carloads and containers in 2015, according to data from the Association of American Railroads.
