Spot container rates fall another 8.8%
Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all declined for the past two consecutive weeks.
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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Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all declined for the past two consecutive weeks.
The third-party logistics provider’s shareholders voted overwhelmingly yesterday to adopt the previously announced merger agreement by Danish supply chain specialist DSV.
Ciner Gemi Acente Isletni Sanayi Ve Ticaret S.A., a ship management company in Turkey, pleaded guilty and was sentenced in federal court in Baltimore for violating the Act to Prevent […]
The liner carriers will commence a weekly loop between Egypt, Israel, Turkey and Black Sea ports next month.
The Belgian port reported a surge in vehicles throughput in 2015, but container volumes fell dramatically compared to the previous year.
Truckload pricing grew just 1.1 percent for the month compared to December 2014, the tenth consecutive monthly increase, according the latest Cass Truckload Linehaul Index.
Rates fell another 3.8 percent in December compared to last year, the 12th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.
The Irish port handled 32.8 million gross tons of cargo in 2015, a 6.4 percent increase from 2014.
The German cargo airline carried 1.6 million tons of freight and mail in 2015, around a 2 percent decline from 2014.
An Amazon China unit has registered as a non-vessel-operating common carrier with the Federal Maritime Commission, a move that could make it easier for third party companies to sell goods […]
Port trucking carriers Pacer Cartage, Harbor Rail Transport and PDS Transportation allegedly failed to pay minimum wage, provide meal and rest breaks and reimburse expenses, according to a class-action lawsuit […]
Container terminals managed by the Virginia Port Authority handled 2.5 million TEUs last year, a 6.5 percent increase compared with 2014.
Transport Minister Marc Garneau says the government will not be deterred by potential difficulties with a proposed ban on oil tanker traffic in the waters off British Columbia.
The Maritime and Port Authority of Singapore (MPA) will begin granting an additional 10 percent concession on port dues for container vessels calling the Port of Singapore, effective Jan. 15.
The rate of fatal crashes involving heavy-duty trucks fell for the second straight year to 1.40 per 100 million miles traveled, according to an American Trucking Associations analysis of data […]
The terminal operator handled 64.1 million TEUs at its ports around the world in 2015, a 2 percent decline from 2014.
A total of 32.3 million tons of waterborne cargo passed through the Port of Duluth-Superior in 2015, an 11.3 percent year-over-year decrease.
The Irish port’s cargo throughput reached 9.8 million tons in 2015, a 10 percent increase from 2014.
The northern European airport’s cargo volumes rose 7.8 percent year-over-year in 2015 due to the arrival of four new cargo carriers.
The Netherlands based logistics services provider signed a long-term contract with Dudok Real Estate to expand its warehousing capacity at the Maasvlakte harbor in Rotterdam.
CEVA Logistics appoints COO for its new ground division and Cargo Composites names marketing director.
The Jacksonville, Fla.-based railway reported revenues in the fourth quarter of 2015 fell 13 percent compared to the fourth quarter of 2014 thanks in part to a 32 percent drop […]
A late-year recovery in imports nearly erased the sharp downturn in early 2015 caused by congestion and reduced productivity that were the result of an impasse in longshore labor contract […]
Shipment volumes and expenditures both continued their decline in December, falling 4.9 and 2.7 percent, respectively, according to the latest Cass Freight Index Report.
Multiple 2M Alliance operated services will omit several port calls from Asia to North Europe and the Mediterranean during the traditional Chinese holiday season.
Container supplier CARU Containers acquired CCA and ECB Group last month as part of its growth strategy, the company said in a recent statement.
The 2015 navigation season commenced April 2 and ended ice free Dec. 31.
The Brazilian port took delivery of two Portainer container cranes and six rubber-tire gantry cranes last week.
The Swiss-based third-party logistics company entered into a contract with GlaxoSmithKline, which will remain in effect until 2021.
The global third-party logistics provider has begun operating under the trade name Dachser USA Air & Sea Logistics Inc. in the U.S. market.
Emirates SkyCargo makes senior U.S. appointments, while Troy Container Line appoints VP of FCL and DHL names Asia-Pacific CEO.
Demand from Japan or Europe could provide a positive surprise for the shipping industry, but the outlook for China is unpredictable, according to a report from the Baltic and International […]
The forwarder plans to invest in a 27.5 percent stake in Relais Colis to provide DHL’s divisions and their customers enhanced access to France’s e-commerce market.
Five International Maritime Organization technology centers in the Africa, Asia, Caribbean, Latin America and Pacific regions funded by the European Commission will encourage the uptake of innovative energy-efficiency technologies in […]
The French ocean carrier will make its maiden call to Port Bronka, located on the outskirts of St. Petersburg, Russia, on Jan. 28.
Although airfreight volumes dropped 1.2 percent year-over-year in November 2015, they rose 0.9 percent from October 2015.
It is unclear, however, whether the aircraft manufacturer has any plans to actually produce the plane.
Shanghai Pudong International Airport Cargo Terminal Co., Ltd. processed nearly 1.6 million tons of airfreight in 2015 from its base at the Shanghai Pudong International Airport.
Sparrows Point Terminal, the owners of the large Sparrows Point industrial property located near the Port of Baltimore, has been renamed Tradepoint Atlantic.
KLN (Singapore) Pte Ltd, a subsidiary of the third-party logistics service provider, has been awarded a concession to operate inland ports in Yangon and Mandalay.
SEKO Logistics names chief sales officer, while Crane Worldwide Logistics appoints specialized services head and CEVA announces VP of global heath care operations.
Danish shipping giant A.P. Møller-Maersk’s stock has fallen dramatically in the past year as weak global trade growth has hurt its container shipping business and plunging crude prices have affected […]
Further limiting container “free time,” the amount of time boxes can be stored at ports without charge, at the Port of Long Beach could lead to more congestion and demurrage, […]
Canaveral Port Authority commissioners on Friday unanimously picked Capt. John W. Murray, currently president and chief executive officer of Hapag-Lloyd USA, as the port’s next leader.
The London-based shipping consultants said about 5 percent of the global container fleet is laid up, but that number could rise in the second half of 2016.
Import cargo volumes at the nation’s major retail container ports in November grew 6 percent from last year, according to the monthly Global Port Tracker report from the National Retail […]
Transportation and logistics companies contributed an estimated 23,000 of the total 292,000 jobs added in the United States during month of December, according to the Department of Labor.
Automatic Identification System (AIS) vessel tracking service MarineTraffic has begun supplying geographical positioning data to the Equasis project, according to a statement from the company.
Tugboat workers are expected to carry out 12-hour strikes at the ports of Geelong, Newcastle, Sydney, Melbourne and Brisbane, which could cause cargo delays, according to local media reports.
The world’s largest air cargo handler, Worldwide Flight Services, will acquire Consolidated Aviation Services.
The Salt Lake City, Utah-based third-party logistics provider posted revenues of $451 million for 2015.
A dozen rubber tire gantry cranes will be added this year and in early 2017 at Global Container Terminals’ GCT Deltaport terminal in Port Metro Vancouver as part of an […]
The refrigerated warehousing and logistics specialist finalized the purchase of the Tradewater facility in Atlanta, Ga., for which it had assumed the lease since 2006.
Several ocean carriers issued general rate increases on various trades, while members of the Caribbean Shipowners Association adopted a voluntary guideline for a bunker surcharge reduction.
Network Global Logistics names CEO, while Röhlig appoints senior advisor.
The port plans to ban current trucks with 1994-95 engines by 2018 and require new trucks serving port to have 2007 engines or better starting in March.
Polar Air Cargo, along with Polar Air Cargo Worldwide and Atlas Air Worldwide Holdings, has entered into a $100 million settlement agreement in a U.S. antitrust class action lawsuit.
Rates from Shanghai to Northwest Europe tumbled 24.4 percent since last Thursday.
Ocean carrier ZIM, along with CMA CGM and its subsidiary line Delmas, joined the CKYHE Alliance’s AUE/AWE8 between Asia and the United States East Coast loop as slot purchasers.
The U.S. Federal Motor Carrier Safety Administration on Thursday said Land-Air Express of New England has corrected its safety deficiencies and is now allowed back on the road.
The Ocean3 Alliance, comprised of ocean carriers CMA CGM, CSCL and UASC, will remove an eastbound Yantian call from its FAL1 service in favor of an eastbound call at Shanghai.
Canadian National Railway Company said it will use the proceeds for general corporate purposes, including the redemption and refinancing of outstanding debt, share repurchases, acquisitions, and other business opportunities.
The Federal Aviation Administration has proposed a $417,500 civil penalty against FedEx for allegedly operating a plane that was not in compliance with federal aviation rules.
The year-over-year surge in iron ore loadings at Canadian ports in 2015 was not enough to offset the decline in loadings at U.S. ports.
The St. Joseph, Mich.-based temperature-controlled supply chain services provider’s ninth deep frozen warehouse will be located in South Haven, Mich.
The Intermodal Association of North America installs 2016 board, while the U.S. Meat Export Federation promotes Japan director.
Rafi Danieli, chief executive of ZIM Integrated Shipping Services Ltd., will continue to serve in his role until a replacement has been found and as an advisor to the Israeli […]
Peel Ports’s much anticipated Liverpool2 container terminal was originally scheduled to open by then end of 2015, but now that date has been pushed back at least to first quarter […]
The first of a new generation of Atlantic Container Lines container and roll-on/roll-off vessels, the Atlantic Star, is due to call the Port of New York and New Jersey over […]
China’s national railway posted its largest ever annual cargo volume decline in 2015, according to reports from news service Caixin.
The railroad transportation equipment manufacturer posted net earnings of over $69 million in its fiscal first quarter ended Nov. 30, 2015, a year-over-year increase 112 percent.
The master developer and regulator of ports and industrial zones in the emirate of Abu Dhabi reported surges in containerized, general, bulk and roll-on/roll-off cargo volumes in 2015.
The American Institute for International Steel attributed the weak result for the month to a sharp decrease in steel shipments to Mexico.
The Russian port operator and stevedoring company posted a cargo throughput of 127.9 million tons for the first 11 months of 2015, a 4.8 percent increase from the corresponding period […]
The cargo division of Qatar Airways projected it will expand its fleet to 21 freighters by 2017.
The maritime services provider expanded its agreement with Chembulk Tankers into South America and Asia.
Mediterranean Shipping Co. is latest ocean carrier to resume regular liner service to the Middle Eastern nation as international sanctions are lifted.
The investment bank and analyst Stifel said orders for Class 8 trucks rebounded in December to “better-than-expected” levels after suffering from lackluster demand in October and November.
The Adani International Container Terminal Private Limited at Mundra Port will have an annual handling capacity of 3.1 million TEUs and will be equipped with 15 super post-Panamax quay cranes […]
The United States Coast Guard detained the bulk carrier Lowlands Kamsar in Seattle, Wash. Monday after discovering several safety violations onboard.
The wholly owned North American contract logistics subsidiary of Deutsche Post DHL Group will transition to the DHL Supply Chain name to standardize company branding across all global markets.
The refrigerated intermodal services provider added Miami and Toronto as new destinations to its intermodal service offerings from Washington State and Oregon.
The Slovenian port’s dry bulk terminal handled 800,000 tons of soybeans just before the close of 2015.
The Memphis, Tenn.-based logistics company increased its footprint in the Houston, Texas area to 577,000 square feet.
Crowley names new VP and deputy general counsel, while Seoul-Incheon International Airport’s marketing VP joins TIACA board.
The United States Coast Guard has issued an update on river closures, restrictions and advisories for sections of the Mississippi, Illinois and Missouri rivers in response to high waters and […]
Panamanian President Juan Carlos Varela in a national address urged contractors and the Panama Canal Authority to put aside their legal disputes for the time being in order to keep […]
The Stifel Logistics Confidence Index has declined for seven consecutive months and hit an all-time low in December 2015.
The Jacksonville, Fla.-based ocean carrier is investing $25.5 million in chassis, dry containers and generator sets.
M & S Shipping, Ltd., a freight forwarder headquartered in Virginia Beach, Va., will merge its operations into those of Norfolk-based CV International, Inc., according to a joint statement from […]
The Jordanian airport handled 8,612 tons of cargo in November 2015, a 9.6 percent increase from the corresponding period in 2014.
Swiss third-party logistics provider Kuehne + Nagel officially opened its 50,000-square-meter Singapore Logistics Hub to support client needs in Southeast Asia.
Vanguard Logistics has opened two offices in Indonesia, one in Surabaya in East Java and the other in Semarang, the country’s capital.
Non-vessel-operating common carrier Vanguard Logistics Services has opened a fourth office in Indonesia at Belawan.
The non-vessel operating common carrier established a new agent partnership with NVO Consolidation.
Container volumes at the largest U.S. East Coast port were up 3.3 percent for the month compared to November 2014, when the previous record was set.
Under Seaton’s leadership, ocean carrier APL pioneered industry innovations like larger-than-panamax containerships, doublestack trains, and domestic intermodal service.
The Canadian Transportation Agency has ruled Canadian National and Canadian Pacific exceeded their Western grain revenue entitlements for crop year 2014-2015 and will be required to repay the difference.
Spot container rates from Shanghai to Northwest Europe and the Mediterranean rose by 115.0 percent and 146.5 percent, respectively, last Thursday compared to Friday, Dec. 25.
Hebei Port Group and Tianjin Port Group have signed a framework agreement to purchase and operate port cargo facilities in each of their respective port areas.