Georgia, South Carolina sign framework agreement for Jasper terminal
A permit application to Army Corps of Engineers for a new terminal, which would be located in S.C. just down river from the Port of Savannah, and channel modification study […]
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.
A permit application to Army Corps of Engineers for a new terminal, which would be located in S.C. just down river from the Port of Savannah, and channel modification study […]
Ahmad Feras Diri of London was arraigned Friday in the United States on charges that he allegedly conspired to illegally export U.S. chemical laboratory equipment to Syria.
French ocean carrier CMA CGM and its subsidiary lines Cheng Lie Navigation, ANL and Delmas will join Hanjin’s KPI service, which operates between Korea, China, Singapore and Indonesia.
The German port handled 104.6 million tons of cargo during the first nine month of 2015, a 4.8 percent decrease from the corresponding period in 2014.
The Columbia Group of Companies is opening a new intermodal chassis depot in Bayonne, N.J. today, with Trac Intermodal slated be the facility’s first customer.
The German airport handled 88,336 tons of freight in October, a 10.1 percent increase from Oct. 2014.
Nearly half of the 250 bridges observed showed signs of “significant stress and decay,” according to a new investigative report from environmental advocacy groups Waterkeeper Alliance and ForestEthics.
New York Governor Andrew Cuomo expressed concerns a project to build a liquid natural gas terminal 19 miles off Long Island could potentially become a target for terrorism, create problems […]
Price indexes for both imports to and exports from the United States have now fallen in 10 of the past 12 months, according to the most recent data from the […]
Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have declined for the past two consecutive weeks.
A DSD Shipping company memo warned employees “could get caught for polluting” if an oily-water separator on the vessel Stavanger Blossom was not fixed, and now three seamen face the […]
French ocean carrier CMA CGM and its subsidiary line Delmas will begin purchasing slots on the transpacific CEN loop, on which COSCO and CSCL provide vessels.
Uruguay is the only foreign country to receive the United State Department of Agriculture’s “Never Ever 3” certification, which requires an open range production system, without the use of antibiotics, […]
The Northern California port and industrial and logistics real estate developer CenterPoint Properties have begun discussing plans to develop transload and cross-dock facilities on a 20 acre site adjacent to […]
The new Country Commercial Guides are prepared by trade and economic specialists at U.S. embassies and consulates to highlight market conditions in each country, according to a statement from the […]
The logistics provider and container terminal operator posted revenues of 868.9 million euros for the first nine months of 2015, a 4.2 percent decline from the corresponding period in 2014.
C.H. Robinson has named new North American Surface Transportation division president, while Crowley has appointed VP for stakeholders relations in Alaska.
The Port of New Orleans handled 537,285 TEUs in the past year through September 2015, surpassing the half million-TEU mark for the first time in any 12-month period, CEO Gary […]
The crowdsourced last-mile delivery specialist Deliv has purchased New York City-based Zipments, its second such acquisition, according to a statement from the company.
Shipment volumes and expenditures both slowed from the previous month and the same 2014 period, according to the latest Cass Freight Index Report.
MCI’s new factory is the first facility for making refrigerated containers outside of China.
A Temando survey conducted by Research Now revealed that 76 percent of all retailers are not well prepared to handle shipping delays and uncertainty during the holiday season.
Cargo thefts in the United States were up 7 percent in value despite falling 18 percent by volume in the third quarter of 2015 compared with the second quarter, according […]
Cargo throughput at Heathrow has remained relatively unchanged, but the value of UK exports via Heathrow has increased 9.7 percent over a 12-month period.
The Swiss-based third-party logistics provider’s aerospace hub in Dubai Logistics City secured new contracts with Gulfstream Aerospace Corporation and Avtrade.
Deutsche Post DHL Group reported consolidated net profits of 49 million euros for the third quarter of 2015, an 89.5 percent year-over-year decline, which primarily resulted from a decline in […]
Leaders from the BlueGreen Alliance and its allies discussed four ways in which the Trans-Pacific Partnership falls short at a press teleconference yesterday.
The Port of Long Beach set a record for container volumes in October, while the Port of Oakland reported declining overall volumes, but both ports reported a surprising lack of […]
Combined with the sweeping Trans-Pacific Partnership free trade agreement signed last month, the Chinese policy could help “ignite new trade,” according to Federal Maritime Commissioner Richard A. Lidinsky.
Orbis Investment Management has increased its stake in the acquisition-heavy third-party logistics provider from less than 4 percent to over 12 percent, according to a filing with the U.S. Securities […]
General Electric and France’s Alstom have been awarded contracts of $2.6 billion and $3 billion, respectively, to help India modernize its outdated state-owned railroad network.
Chief Financial Officer Frank Lonegro reiterated the railway’s 2015 financial projections and outlined expectations for key markets in 2016 at the Baird Industrial Conference in Chicago Tuesday.
A total of 9.7 million tons of cargo were transported by U.S.-flag Great Lakes freighters in October, which represents a 13.7 percent decline from October 2014.
The Doha, Qatar-based cargo airline launched two routes this week between India and Qatar, both of which are dedicated to serving the pharmaceutical industry.
The Federal Aviation Administration has proposed a $68,000 civil penalty against City of Industry, Calif.-based Unical Aviation for allegedly violating the nation’s hazardous materials rules.
U.S. Customs and Border Protection seized over 5,000 pieces of counterfeit soccer apparel items near the Washington Dulles International Airport Nov. 2.
Centiro has named a VP for global sales, while the Ports of Indiana Commission has added a new member.
The ocean shipping industry would take a move of APL from one alliance to another in stride, according to Rolf Habben Jansen, chief executive officer of the German liner carrier.
China’s Ministry of Transport is also concerned about recent growth in shipping surcharges, according to the Federal Maritime Commissioner William P. Doyle, who recently returned from bilateral maritime talks in […]
Sensor analytics company Savi said the acquisition of 17.65 percent of its shares by SGS, a leading inspection, verification, testing and certification firm, will allow it to access new markets.
Linda Morgan, a well-known Washington transportation attorney and former U.S. Surface Transportation Board chairman, died at the age of 64 on Nov. 4 after a long battle with breast cancer.
The ocean carrier alliance announced a voyage cancellation plan for services between Asia and North Europe and the Mediterranean.
The Netherlands-based logistics provider posted a 27 percent year-over-year increase in EBITDA despite a 13.1 percent decline in revenues for the third quarter of 2015.
Wilmington, Del.-based vehicle processor AutoPort will lease 16 acres of Port Canaveral’s new auto terminal and commence operations at the Florida port in January.
The integrated logistics provider posted net profits of 13.7 million Kuwaiti Dinars on revenues of 335 million Kuwaiti Dinars for the third quarter of 2015.
A total of 15 foreign vessels called the Great Lakes port in October, which loaded a combined 260,000 metric tons of grain for direct shipment overseas.
Allianz Global Corporate & Specialty will offer rail and motor truck cargo, as well as warehouse and related property coverage throughout North America.
The four new Super Post-Panamax ship-to-shore cranes manufactured by Konecranes, which will operate at the Barbours Cut Container Terminal, will stand taller than any other marine cranes in North America.
Crowley appoints VPs to government services and global ship management, while essDOCS names new chairman.
Stock in both Canadian Pacific Railway Ltd. and Norfolk Southern Corp. shot up yesterday amid rumors the second-largest Class I railroad in Canada is mulling a potential takeover of NS.
There appears to have been some improvement in vessel waiting times, but the Panama Canal Authority announced on Sunday it will take additional steps in an attempt to to clear […]
The infrastructure arm of Brookfield Asset Management has acquired a near 15 percent share in Patrick Stevedoring parent Asciano Limited and still plans to make a majority takeover bid for […]
Raymond P. Miles, who built up the containership operations of CP Ships during the late 1990s, died Nov. 6 at the age of 71 following a brief illness.
Allianz Group’s dedicated carrier for corporate and specialty insurance business, Allianz Global Corporate & Specialty, launched a dedicated transportation and logistics unit in North America today.
The U.S. exported 79,474 metric tons of beef in September, a 21 percent drop from September 2014, but pork export volumes rose 6 percent year-over-year to 172,012 metric tons.
The third-party logistics provider launched a new operation for the storage and distribution of dangerous goods at its site in Duisburg, Germany.
Neptune Orient Lines, parent of liner company APL, has confirmed it has entered into talks with CMA CGM and Maersk about a potential sale, while COSCO and China Shipping told […]
Chinese carriers COSCO and China Shipping told the Federal Maritime Commission they are in the beginning stages of a merger, while Bloomberg reported CMA CGM has entered into talks to […]
The Danish shipping conglomerate attributed the decline to lower freight rates at Maersk Line and lower oil prices for Maersk Oil, leading the company to downgrade its full-year profit projection […]
The Panama Canal Authority is providing scant details on delays carriers are facing transiting the waterway, attributing them to increased vessel traffic and fog.
Since last week, rates from Shanghai to Northwest Europe and the Mediterranean fell 31.8 percent and 19.7 percent, respectively.
The international freight forwarding and logistics company reached an agreement with Dutch Flower Group Wednesday to acquire a majority stake in its airfreight forwarder Airflo.
The South Korean ocean carrier reported operating profits in its container division fell over 73 percent year-over-year in the third quarter of 2015 despite volume growth of nearly 4 percent […]
Year-over-year cargo volumes continued to rebound after a relatively flat August, but volumes are still down 1.2 percent down from their peak at the end of 2014, according to the […]
The Malaysian ship owner posted operating profits of 618 million Malaysian ringgit on revenues of 2.5 billion Malaysian ringgit for the third quarter, which ended Sept. 30. 2015.
The ocean carrier began offering slots on the joint CNC, COSCO and Yang Ming CTS loop, which operates between Korea, China, Southeast Asia and Hong Kong, on Nov. 3.
Iron ore shipments on the Great Lakes totaled 5.3 million tons in October, while limestone shipments reached 3.4 million tons, year-over-year decreases of 23 percent and 8 percent, respectively.
K Line Shipping and Logistics is a joint venture between Japan’s “K” Line and the Dubai-based Sharaf Group.
The Dubai-based ocean carrier launched a new mobile application that features round-the-clock shipment tracking, schedule search options and enhanced track and trace functionality.
An AS Daily news report, “Spot container rates skyrocket from Asia to Europe,” last Friday should have stated that since Oct. 23, rates from Shanghai to the Mediterranean rose […]
Drayage drivers for XPO Logistics, Intermodal Bridge Transport (IBT) and Gold Point in Los Angeles and Long Beach, and Cal Cartage warehouse workers have ended their strike, but protests at […]
The new multipurpose terminal in Qingdao’s Dongjiakou Port, which will primarily handle grain and other general cargo, represents the global marine terminal operator’s first foray into a non-container handling facility […]
Toy consumers will now be able to choose between wooden blocks and LEGOS when building model containerships this year.
The vessel order is part of a larger deal that involves an additional six firm orders and options for ten more ships capable of carrying both breakbulk and containerized cargoes.
Ocean carrier Matson’s third quarter results benefited from Horizon Line’s exit from the Alaska and Hawaii trades, according to the company’s most recent financial statements.
Net orders for Class 8 trucks were up 30 percent from September, but still failed to meet analyst expectations, according to preliminary data from freight forecaster FTR Transportation Intelligence.
The new Kenworth T680 trucks have features to make them safer, more comfortable, and more efficient, earning them the U.S. Environmental Protection Agency’s SmartWay designation.
The container terminal operator posted a net income attributable to equity shareholders of $35.8 million and revenues of $239.9 million for the third quarter of 2015.
Domestic and international container volumes rose, but trailer volumes decreased during the third quarter of 2015 compared with the same 2014 period, according to the Intermodal Association of North America.
The third-party logistics company will manage an 8,500-square-meter warehouse near Milan, Italy for Pellegrini, an Italian services supply company.
The railway opened its new $40 million Union Pacific Kinney County Railport in Kinney County, Texas on Tuesday.
The logistics services provider entered into a multi-year service agreement with American Essentials, which sells and distributes socks and legwear to major U.S. and global retail outlets.
The third-party logistics provider opened a new warehouse outside Jakarta, Indonesia, which will provide storage and handling services, primarily for automotive parts and materials.
CenterPoint Properties names head of U.S. western region, while International Container Terminal Services, Inc. promotes three VPs.
The U.S. Navy will continue to search for the bridge, which contains a voyage data recorder that may hold clues as to what happened to the TOTE Maritime cargo ship […]
The U.S. Navy will continue to search for the bridge, which contains a voyage data recorder that may hold clues as to what happened to the TOTE Maritime cargo ship […]
The Hamburg-based liner carrier plans to use the gross proceeds from its public stock float for investments in vessels and containers, according to a statement from the company.
Industry officials say there are many practical issues to work out prior to new International Maritime Organization regulations going into effect July 1, 2016.
The acceptance period for FedEx Corp.’s recommended public purchase offer for TNT Express until Jan. 8, 2016 was extended because the deal has not yet been approved by the relevant […]
The print, digital and supply chain solutions provider acquired Tampa, Fla.-based Courier Advisory Group to expand RR Donnelley’s logistics service offerings and last-mile delivery options, according to a statement from […]
The Miami, Fla.-based cargo line commenced its first service, which operates between the United States and Central America with one container and general cargo vessel.
The London airport announced plans to invest nearly $200 million over the next 15 years to improve and expand its freight handling facilities, processes and workforce.
Fraport AG sold a 51 percent share in its Frankfurt-based subsidiary Fraport Cargo Services GmbH to World Freight Services, the largest independent air cargo handler.
The Chattanooga, Tenn.-based logistics services provider has partnered with PINC Solutions to explore the use of drones for the management of warehouse systems and yard operations.
The Japanese airline commenced a new service between Brussels and the Narita International Airport in Tokyo, Japan.
The forwarder invested $1.5 million to construct a new service center adjacent to the Washington Dulles International Airport.
The Itasca, Ill.-based logistics services provider has tripled its warehouse operations in California, according to a statement from the company.
V3 Transportation adds a senior advisor, while the Port of Long Beach Board of Harbor Commissioners names chief of staff.
In response to weak demand, Maersk has also cancelled options for eight containerships – six 19,630-TEU vessels and two 3,600-TEU feeder ships – and could cancel eight more, according to […]
Copper Logistics will transition to the Radiant brand and operate from the Radiant location near the Minneapolis/St. Paul Airport, according to a statement from the Bellevue, Wash.-based third-party logistics provider.