Ports of Seattle, Tacoma ride retail replenishment wave
Auto volumes are still down 25% year-over-year and closed West Seattle Bridge remains a barrier.
The global shipping industry is constantly evolving, and the COVID-19 pandemic began a marked shift in how container shipping operates. Disruption caused by the pandemic has forced the industry to expand its capacity and reduce costs to remain profitable.
At the peak of the pandemic, containers essentially stopped moving. As manufacturers went into lockdown and closed factories, many of the containers used to ship those manufactured goods were left stranded at ports or storage depots, where they weren’t needed. Simultaneously, freight shippers were reducing the number of vessels in use due to the manufacturing slowdown. This limited global shipping capacity and disrupted the worldwide flow of containers and goods. As a result, some regions were left with an excess of stored containers, while other places were left with no containers at all.
As the pandemic slowed and the global economy began to rebound, labor shortages and congestion at ports have left many of these stored containers stuck where they aren’t needed. Now, instead of a shortage of shipping containers, the industry is dealing with too many. Many container storage depots are turning away new clients due to lack of space, and some shippers are even giving containers away to make room. Blank and cancelled sailings are increasing as well, as shippers decide to skip a port or cancel a trip altogether in order to manage changes in demand and capacity.
Check back here for the latest news and insights on the state of the container shipping industry. You can also visit our maritime news archive to learn more about cargo shipping, or our American Shipper archive for air cargo shipping industry news.
Auto volumes are still down 25% year-over-year and closed West Seattle Bridge remains a barrier.
The railroad has 1,000 acres it can develop with partnering customers.
The ocean container industry association files an agreement with the U.S. Federal Maritime Commission to ensure its collective activities do not violate the Shipping Act.
The Agriculture Transportation Coalition, together with TradeLanes, surveys hundreds of American shippers about the cost to their bottom lines of uncommunicated earliest return dates from ocean carriers.
On a collision course: holiday timing, surging consumer demand, thin inventories, and capacity constraints for container liners and ports.
Former Port Authority of New York and New Jersey executive takes over at IICL from Steven Blust, who will continue in a senior adviser role.
The National Customs Brokers and Forwarders Association of America’s general counsel Ed Greenberg looks forward to spending time with his grandson.
“Several months into this pandemic, we are now seeing positive signs by these cargo volume totals.”
Sequel to “The Shipping Man” asks whether ESG will kill the old-school style of traditional shipowners.
“This service further connects northeast Florida exporters, including the area’s robust forest products sector, to an important and growing segment of the global economy.”
Cargo mix and larger locks kept Panama Canal volumes rising despite headwinds.
“Port partners are taking proactive steps to add more resources and service hours to support this untraditional peak cargo volume season.”
German container carrier now expects 2020 EBITDA of between $2.8 billion and $3.04 billion.
Intermodal containers arrived this week at North Dakota’s first and only intermodal facility in Minot.
With two more major carriers actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform
“Regardless of who wins the upcoming elections, our country is in desperate need of a cohesive export plan as well as an infrastructure program and a digitization strategy for ports across the country,” says Executive Director Gene Seroka.
A “blue sweep” win for Democrats could be good for container ships, bad for tankers.
“If you go back a couple of months, nobody would have expected that demand would be as strong today as it is right now,” says CEO Rolf Habben Jansen.
The Canadian government will invest C$33.4 million in the inland Quebec port.
Denny Slagle retired as Volvo Group executive vice president and Mack Trucks president in 2018.
The Port of Charleston set a September record by handling 195,101 TEUs.
The U.S. Federal Maritime Commission will consider a change in its regulations that would allow filing of service contracts up to 30 days from the agreement’s effective date.
Listed carriers are poised to post stellar third-quarter numbers on higher rates and volumes.
The U.S. Federal Maritime Commission will consider the French liner carrier’s relief petition to give it time to clean up its systems.
Container chassis management model in the U.S. challenges advancement of full-circle tracking technologies.
The ro-ro vessel that capsized leaving the Port of Brunswick in September 2019 will be cut into eight multi-ton sections.
American Patriot Holdings is creating “a north-south trade lane from the Midwest to the lower Mississippi River that doesn’t exist today for containerized cargo.”
Banks, charterers, shipowners and governments want to clean up ocean transport. Not necessarily in the same way.
The U.S. Federal Maritime Commission wants to learn the extent of allegations that ocean carriers are targeting noncontracted service providers for freight payment.
U.S. Federal Maritime Commission steps forward with notice of inquiry to evaluate alleged ocean carrier abuse of “merchant” definition for bill of lading responsibility.
Shipping CEOs see an increasing risk of a global economic crisis in the decade ahead.
Drayage truckers on the Envase platform have access to an online marketplace that connects them to available parking and storage lots nationwide.
The Intermodal Motor Carriers Conference insists the U.S. Federal Maritime Commission has jurisdiction to ensure that ocean container chassis provisioning is conducted fairly.
MV Rhosus carried the 2,750 tons of ammonium nitrate cited as the cause of August’s devastating blast.
Another key bellwether — the cost of dry bulk freight — is pointing to an economic recovery.
The South Korean carrier signed a contract for the ultra-large vessels in September 2018.
Cheng Cheng-Mount was appointed to the Taiwanese carrier’s board in 2018.
The inability of ocean carriers to timely inform shippers of schedule changes results in costly logistics disruptions and potential for lost international sales.
The harbor commission voted to replace the aging Gerald Desmond Bridge in August 2010.
Announcement of IT EVP and chief digital officer appointments doesn’t mention this week’s ransomware attack.
‘Get ready for the biggest restocking cycle on record,’ says Jefferies.
Tim Robertson succeeds Bill Meahl, who will continue to serve in an advisory role until his retirement next September.
U.S. Federal Maritime Commission anticipates COVID-19 impact on U.S. supply chain to continue into the first half of 2021.
YM Mandate leaks fuel oil in New Jersey, and the Hong Dai runs aground in Virginia.
International Maritime Organization website down and CMA CGM continues investigation following ransomware attack
As NYSHEX expands and Maersk Spot nears U.S. approval, ocean transport contracts could become more binding.
Georgia Ports Authority heralding performance before the month is done.
For DHL Global Forwarding, the coronavirus pandemic is no excuse for the ocean freight industry to neglect sustainability initiatives in the supply chain.
French shipping giant says in a tweet expected some 24 hours earlier that all maritime and port operations are functioning normally.
Insight Partners’ investment will allow PayCargo to build new online freight payment services and tools for shippers, 3PLs and transportation providers.
The French shipping giant’s network is down.
Marine fuel prices are down 30% year-on-year despite the IMO 2020 regulation.
Executive Director Gene Seroka shines spotlight on trade gap on “Squawk Box Asia.”
French ocean carrier CMA CGM is diversifying into a multi-modal transport and logistics company, dipping its toe into the air cargo market after buying a huge third-party logistics company last year.
Shipping channel widening is expected to begin next year.
Good luck finding an available aircraft to haul your goods at a reasonable price for the next three months. Competition for airlift is fierce these days. Find out why.
The Ocean Carrier Equipment Management Association says the Federal Maritime Commission’s jurisdiction does not apply to a domestic transport dispute with container-hauling truckers.
South Korean carrier announces opening of fleet control center but doesn’t open up about sailing plans.
Bullish signal: Strong demand for box equipment extends into 2021.
The Jacques Saadé is the first of nine vessels designed to reduce CMA CGM’s environmental footprint.
Earnings reports from retailers show a clear shakeout between winners and losers.
Bias-ply tires persist within the nation’s container chassis fleet, but equipment providers vow that their days are numbered with the ongoing switch to radial tires.
Analysts point to upside prospects for container-ship stocks as charter rates rebound.
Ocean shipping stocks remain mired in a sea of red. A bad year is getting worse.
Northwest Seaport Alliance CEO John Wolfe is encouraged by an increase in imports so far this month.
Newly released case study says gateway’s work could become model for other Canadian ports
Campaign to end cargo-related accidents continues with flow of information in multiple languages.
China could decide enough is enough if trans-Pacific rates rise too high.
“China and tariffs: Why COVID has actually increased cargo yields” was the topic of a virtual fireside chat at the American Shipper Global Trade Tech Summit.
Retail giant will be the first tenant in the port-owned Ridgeville Commerce Park.
New Panjiva survey reveals extent of coronavirus fallout on global supply chains.
Gene Seroka says the “disruption and breakdown of the global medical supply chain” during the COVID-19 pandemic highlighted the need for change in the maritime sector.
There were no balloons or cake when the Port of Los Angeles announced its record-breaking August volumes.
The deal comes amid wider efforts from both companies to expand their reach and increase supply chain efficiency.
The Malaysia captain and crew followed instructions from the Coast Guard in the rescue of four people aboard the sailboat Yes Dear.
“Our August volumes surpassed expectations, reflecting the best year-over-year month since the pandemic began impacting global supply chains in March,” says SCPA President and CEO Jim Newsome.
The National Customs Brokers and Forwarders Association of America said its members are tired of ocean carriers charging them hundreds of dollars over their service contract rates.
The 15,072-TEU CMA CGM Brazil earns the honor as the biggest container ship to call the East Coast.
COVID-19 may have disrupted supply chains but not the U.S. Federal Maritime Commission’s regulatory and policy focus on ocean container shipping, FMC chairman says.
Hyster introduces newest double-empty container handler to marine terminal and intermodal rail yard operators.
As prosecutors rack up guilty pleas in 2019 case, more coke crosses via ship from South America to Europe in 2020.
Iowa transportation company Travero plans to open a multimodal cross-dock operation by next September.
Shipping line works with APM Terminals Mobile, the Alabama State Port Authority and Team Rubicon to get 36,000 pounds of needed goods to the people of Louisiana.
New ocean container floor design developed and tested by the Institute of International Container Lessors over the past 10 years reduces wood use by up to 45%.
Just over a month after a massive explosion killed nearly 200 people, Lebanon’s capital city again filled with choking smoke
Information sharing is part of Executive Director Gene Seroka’s quest for more efficient operations.
U.S. importers now paying three times more per mile than Europeans for transport of Chinese goods.
On the whole, deregulation of transportation is beneficial to the economy.
A.P. Moller-Maersk’s recent announcement that Damco will no longer exist as a separate brand is expected to drive some shippers into the arms of others.
CMA CGM bonds that traded at 55 cents on the dollar in March are now trading near par.
McKinsey warns that global shocks will become more frequent and shippers must improve the resiliency of their supply chains.
Intermodal was supposed to be the growth engine for rail.
Layoffs loom. Maersk maintains changes are not about cutting costs amid COVID, but about improving service.
Direct ChassisLink has added 1,000 new chassis to the Gulf Coast region since its departure from the OCEMA Gulf Consolidated Chassis Pool earlier this year.
Canadian Pacific and CN say the deepwater ports are key to gaining market share.
The U.S. Federal Maritime Commission’s Office of Administrative Law Judges is expected to announce an initial decision in this multibillion-dollar complaint against the ocean carriers by August 2021.
Some ships bypass calls at Port NOLA this week, although Port Houston reports no schedule changes.
Hong Kong-based 3PL’s warehouse business suffers from shrinking inventories, but forwarding business saves the day, leading to $109 million first-half profit.
The pandemic, trade war and a communication gap have muddled implementation of a $10-per-TEU surcharge.
The trans-Atlantic may not be the dominant container market, but it remains dependable for hungry ocean consolidators and forwarders.