FMC receives $334,000 in civil penalties from seven businesses
The Federal Maritime Commission reached compromise agreements with several NVOCCs, forwarders and other companies, but none admitted to alleged violations of the Shipping Act.
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 Federal Maritime Commission reached compromise agreements with several NVOCCs, forwarders and other companies, but none admitted to alleged violations of the Shipping Act.
The Lake Oswego, Ore.-based railroad transportation equipment manufacturer received new orders for approximately 1,800 rail car units valued at nearly $170 million since Sept. 1, 2015, the beginning of the […]
Israel’s Ministry of Environmental Protection (MoEP) has imposed a fine of $600,000 on the Mediterranean seaport for marine pollution infractions.
The Japanese transportation company’s wholly-owned subsidiary, NYK Automotive Logistics (China) Co. Ltd., established a new vehicle processing center in Shanghai.
Intermodal operator Shuttlewise, in cooperation with Novatrans, will commence a rail shuttle between Rotterdam, Netherlands and Dourges, France, which will initially run five times a week.
The airfreight carrier will add three new routes on its Latin America network that are expected to be particularly beneficial to pharmaceutical shippers.
The forwarder last Wednesday opened its Asia Pacific Innovation Center in Singapore, which showcases futuristic technologies DHL says will transform logistics operations.
Several community leaders at the Florida Chamber Foundation’s Transportation Summit discussed what Florida currently has to offer the logistics industry and steps the state needs to take in order to […]
A Feb. 1 rate hike of $100 from the U.S. West Coast and $200 from the East and Gulf Coasts is necessary because some cargo fetches rates that “make them […]
Shares of both China-owned shipping companies took a beating yesterday when trading resumed after a months-long suspension due to a pending merger deal.
Schenker AG will purchase Redhead International and merge its operations with those of subsidiary DB Schenker Logistics in the United Kingdom.
France’s Autorité de la Concurrence has ordered Netherlands-based TNT Express and third party logistics provider Kuehne + Nagel of Switzerland to pay nearly $100 million in fines for alleged anti-competitive […]
Authorities reopened the important chemical and cargo gateway after a three-hour shutdown on Monday.
A total of 7.9 million tons of cargo were transported by U.S.-flag Great Lakes freighters in November, which carried 79.8 million tons of cargo during the first 11 months of […]
The U.S. Gulf Coast port is advancing a trade initiative with Honduras following its participation in Enterprise Florida’s export sales mission to Tegucigalpa, Honduras earlier this month.
The Swiss-based logistics services provider will offer a new rail connection for containers between Rotterdam, Netherlands and Frankfurt, Germany.
The logistics management services provider opened its 11th office in the United States in San Antonio, Texas.
J.B. Hunt Transport Services has named a new CIO, while Smartrac appoints VP of systems and solutions.
A proposed requirement for U.S. construction, registration and crewing could create jobs, but would also make exporting liquid natural gas from the United States more expensive, according to a recent […]
The omission of the shipping industry from the text of the climate change agreement will not diminish the International Maritime Organization’s “strong commitment” as a regulator of greenhouse gases from […]
The economic slowdown in China, a recent drop in commodity prices, and a possible increase in U.S. interest rates has increased uncertainty about global growth in the air cargo industry, […]
A deep water general cargo and liquid bulk terminal opened at the Port of Salalah, allowing the port to handle 20 million more tons of dry cargo and six million […]
Airport cargo volumes increased 0.3 percent year-over-year in October, as major freight hubs posted mixed results.
A federal grand jury in Greenville, N.C. on Friday returned a nine-count indictment charging two ship engineers employed by Oceanfleet Shipping Ltd. with crimes related to the illegal discharging oily […]
Cargo volumes at Hong Kong International Airport fell 3.1 percent year-over-year in November to 407,000 tons.
China-owned container carriers COSCO and China Shipping say a proposed merger, which they expect to complete within one year, will bring shippers an “optimal product offering,” but it leaves the […]
The state-owned shipping companies have told the Chinese media a merger between COSCO and China Shipping will improve their competitive edge in the face of an industry-wide downturn.
Matt Rose, executive chairman of the Warren Buffet-owned railway, says he does not think the industry needs major rail mergers at this point, but that “if there is consolidation to […]
Despite the proposed plan to bring current G6 member APL into the Ocean3 Alliance after its acquisition by CMA CGM, officials with the G6 say the ocean carrier alliance will […]
Although rates from Shanghai to Northwest Europe rose 156 percent, rates from Shanghai to the Mediterranean tumbled 25 percent compared to last week.
Cargo volumes at U.S. ports are expected to grow at a slower rate in 2016, according to a new report from Moody’s Investors Service.
The West Coast seaport posted a cargo throughput of 619,699 TEUs for November and 6.6 million TEUs for the first 11 months of 2015.
The Gulf Coast port handled over 2 million TEUs so far this year, surpassing the previous record of 1.96 million TEUs set in 2014.
Pennsylvania Gov. Tom Wolf has appointed 13 individuals from business, labor and government to serve on the Port of Philadelphia Advisory Committee.
The $50 million project administered by the United States Maritime Administration on behalf of the Department of Defense has officially reached completion.
The Gothenburg, Sweden-based rail operator SCT Transport AB will commence a new container rail shuttle between the Port of Gothenburg and Katrineholm.
Legislation to expand the scope and authority of the STB, the federal regulatory body responsible for economic oversight of the nation’s freight rail system, now goes to the president’s desk […]
Canadian Pacific shareholder and activist investor Bill Ackman of Pershing Square Capital Management said the rival railway’s resistance to CP’s takeover bid is “reasonably likely” to result in a proxy […]
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration announced the adoption of a final rule requiring the use of ELDs across the trucking and bus industries.
Industry associations are urging environmental leaders at the COP21 climate talks in Paris to reinstate language surrounding the shipping and aviation industries to the draft agreement, saying regulations should be […]
Cargo vessels calling ports along the Great Lakes-Seaway system are scrambling to finish their pick-ups and deliveries before the St. Lawrence Seaway, which connects the Atlantic to the Great Lakes, […]
The two airlines plan to expand their partnership to include cargo cooperation on routes between the United States and Europe.
The Chengdu-Europe express railway service, which opened in April 2013, is expected to bring cars from Germany to China in the future.
U.S. Chamber of Commerce names executive director of transportation infrastructure, while Intelligrated appoints general director of China operations.
A deal that would combine China’s two largest container shipping companies could come as soon as Friday, according to multiple media reports.
Shippers attending the Informa Cargo Logistics America conference in San Diego last week expressed concerns about new container weight regulations and the need for better port productivity in the United […]
Import cargo volumes at the nation’s major retail container ports in October dipped 0.1 percent from a year ago, according to the monthly Global Port Tracker report from the National […]
Ocean carriers Yang Ming, Hanjin and Hyundai will end their jointly operated WLX/SA2 loop between Asia, the West Coast of Mexico and the West Coast of South America next week […]
Jiang Lijun, executive director and president of COSCO parent China COSCO Holdings Company Limited, will be replaced by Deputy General Manager Xu Zunwu.
New rules require that after July 1, 2016 shippers will have to provide the “verified gross mass” of containers before they are loaded on ships.
Shares in Neptune Orient Lines, parent of container carrier APL, fell 0.41 percent yesterday after trading had been temporarily suspended due to an acquisition offer from French ocean carrier CMA […]
The Chinese ocean carrier launched its Israel Adriatic Service last week between Egypt, Israel, Slovenia, Italy and Greece.
The United States signed a mutual recognition arrangement on Tuesday with the Dominican Republic that will allow for increased collaboration between the two countries in supply chain security.
The strong increase in iron ore shipments from Canadian ports was not enough to offset the sharp decrease in loadings from U.S. ports, which is where the majority of Great […]
The United States has initiated dispute settlement proceedings at the WTO by asking for consultations with China on its rules exempting certain aircraft produced in China from value-added tax.
Through this arrangement, the two organizations will work together to identify sources of transportation capacity for humanitarian relief in support of the American Logistics Aid Network’s work to assist survivors […]
XPO names new president of supply chain business, while WCA picks new CEO and the European Community Shipowners’s Associations lines up new leadership.
Harbor-Port Development Partners has partnered with China Communications Construction Company to plan, design and build a container terminal in Sydney, Nova Scotia contingent on a feasibility study of the project.
Major North American railroad stocks have fallen dramatically in the last few weeks as volumes continued to slump in November, driven primarily by a massive drop off in coal and […]
After a closure that occurred this summer, the U.S. Export-Import Bank is now back in business after Congress reauthorized its charter on Dec. 3 as part of a long-term transportation […]
Companies in the transportation and logistics sector added 6,400 jobs in November, bouncing back from a decline in October, according to the U.S. Department of Labor.
The United States Coast Guard said a TOTE Maritime barge has been diverted to the Port of Palm Beach after “up to 25” containers were lost after the vessel left […]
The Khalifa Port Container Terminal, strategically located between Abu Dhabi and Dubai, will take delivery of new equipment and increase its overall annual container handling capacity from 1.9 million TEUs […]
The U.S.-owned and operated marine solutions, transportation and logistics company added 400 new refrigerated cargo containers to its equipment fleet to accommodate Central America’s heavy northbound reefer season, which is […]
The United States exported 177,191 metric tons of pork and 94,524 metric tons of beef in October, year-over-year decreases of 2.8 percent and 14.0 percent, respectively.
Limestone shipments on the Great Lakes totaled 3 million tons in November, a nearly 11 percent increase from November 2014.
The airline group added 26 new stations in Europe via its Vueling network, intended to open export business to companies in Europe’s smaller, provincial airports in addition to larger European […]
The Commerce Department reported Friday that U.S. exports of goods and services fell in October to $184.1 billion from $186.8 billion in September.
The French ocean carrier terminated its MEDGULF loop between the Mediterranean, Caribbean and the East Coast of North America, and commenced its Med Gulf Ecuador loop, which has a similar […]
The containership ran aground off Sangiang Island in Indonesia’s Sundra Strait on Friday while en route from Adelaide, Australia to Jakarta, Indonesia.
The forwarder is currently testing Postbus Courier, a new service for urgent parcel deliveries, between Berlin and Hamburg, Germany.
The Hamburg, Germany-based carrier opened two new offices in Rio de Janeiro, Brazil and Dubai, United Arab Emirates.
Ocean carriers CMA CGM, Hapag-Lloyd, MOL and OOCL issued general rate increases.
The deal would merge the world’s third largest and 12th largest container carriers, creating a combined company with 563 ships with capacity of about 2.4 million TEUs and annual revenues […]
The deal would merge the world’s third largest and 12th largest container carriers, creating a combined company with 563 ships with capacity of about 2.4 million TEUs and annual revenues […]
Norfolk Southern said in a statement it is better off sticking with its existing strategy, adding that it thinks a merger of that size would have faced slim odds of […]
Following the National Labor Relations Board ruling, ICTSI Oregon, operator of Portland’s sole container terminal, is calling on the International Longshore and Warehouse Union to get the facility back to […]
Although rates from Shanghai to the Mediterranean rose 24.6 percent since last week, rates from Shanghai to Northwest Europe sank 50.4 percent.
The Organization of the Petroleum Exporting Countries met in Vienna, Austria Friday to discuss policy, and the group appeared unlikely to cut oil output levels, which could exacerbate global oversupply.
ZIM will join the CKYHE Alliance’s AWE1 and AWE8 services, while Hanjin will join the Israeli ocean carrier’s Z7S service later this month.
Net orders for North American Class 8 trucks tumbled 59 percent year-over-year in November, according to preliminary data from freight forecaster FTR Transportation Intelligence.
The shipping company commenced its CTX5 service last week between Hong Kong, China and Southeast Asia.
Trucking carrier Old Dominion Freight Line, Inc. reported less-than-truckload tons per day grew 4.4 percent and 3.1 percent year-over-year in October and November despite indications U.S. shipping would slow in […]
China State Shipbuilding Corporation plans to build a 38,800-dwt bulk carrier in 2016 that will be “based on big data” and feature up-to-date information technology including real-time data transmission and […]
The Russian port operator and stevedoring company posted net profits of $156.5 million on consolidated revenues of $654.7 million for the first nine months of 2015.
3GTMS has appointed a new chief operating officer, while CEVA Logistics names contract logistics manager for Iberia region.
Port executives at the Informa Cargo Logistics America conference in San Diego on Tuesday all said they expected an increase in the size of containerships calling at their ports in […]
The proposal includes funding for a Port Commerce master plan and critical maintenance, repairs and upgrades to existing transportation facilities at area airports, seaports, tunnels, bridges and terminals.
The higher than expected decline in domestic coal movements during the fourth quarter of 2015 caused the railway to lower its full-year earnings per share projection.
October airfreight volumes rose 0.5 percent compared to October 2014, but were down 0.4 percent from September, according to data from the International Air Transport Association.
The port received planning consent for the first phase of its new logistics park, which will include four warehouses that will provide nearly 1 million square feet of storage.
The Bureau of Industry and Security announced the start of its new data portal, which for the first time makes public aggregate information on export licensing and data trends.
The global non-vessel operating common carrier and ocean freight consolidator launched a direct, bi-weekly less-than-container-load export service between Miami and Manaus, Brazil.
The shipping company, which operates the largest Canadian-flag fleet of dry and liquid bulk carriers on the Great Lakes and St. Lawrence Seaway, ordered several self-unloading dry-bulk freighters.
The forwarder introduced its LifeTrack mobile application, which is available for IOS and Android systems, today.
The third largest ocean carrier worldwide has entered into discussions with BNP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co. to fund an acquisition of Neptune Orient Lines, […]
The shipper advocacy group said it supports a ship efficiency credit trading scheme such as the one proposed by the United States, rather than a global bunker fuel levy approach.
Improving weather, coupled with measures taken by the Panama Canal Authority to expedite traffic, have helped reduce queue time for vessels transiting the canal, according to the ACP.
A proposal from New York Attorney General Eric T. Schneiderman calls on the Pipeline and Hazardous Materials Safety Administration to reduce the risk of explosions from crude train derailments by […]
The online shipping portal is organizing an initiative to create industry standards for dealing with new verified gross mass regulations under the International Maritime Organization’s Safety of Life at Sea […]