Container Shipping

Healthy container throughput growth suggests they might be.

U.S. ports will see a rush of ships as they reopen, but Bahamas port sees severe damage.

The U.S. container shipping industry is eager to weigh in on recommendations produced and approved by the Federal Maritime Commission that promise to bring clarity and fairness to the assessment of demurrage and detention fees.

CMA CGM expects an even better second half to the year following its acquisition of CEVA Logistics.

Inspections of a sample of 500 ocean containers found large numbers with misdeclared cargo, improper stowage or placarding.

Freeport Harbor in the Bahamas is open following Hurricane Dorian, but initially is expected to handle self-geared ships.

The U.S. Federal Maritime Commission on Sept. 6 unanimously approved a set of recommendations to bring about fairness in the way demurrage and detention fees are administered by ocean carriers […]

But trade associations call for more certainty as political impasse continues.

Delays, diversions and weekend gates as ports get back to normal schedules.

SONAR provides real-time data on Dorian’s progress and forecast, along with likely and actual impacts to transportation and energy infrastructure.

Tech firm will team up with provider of pricing data to container industry to get carriers on time.

Does container shipping have a drug problem? After a string of busts in the U.S. in recent months, attention has now switched to the U.K., where authorities have seized 1,279 […]

The beleaguered dry bulk shipping sector is nearing its post-financial-crisis peak. Is it sustainable?

At least 15 scheduled sailings from Asia are being temporarily culled due to the Chinese national holiday.

Although consumption rates in Europe have remained durable and kept cargo demand reasonably buoyant this year, the U.S.-China trade war and ‘Brexit’ are casting dark clouds over the European economy […]

Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, […]

Sixth largest container shipping firm cites Asian demand for fresh food as prompting the move.

South Florida’s customs brokers and forwarder employees begin returning to their offices, with the region mostly avoiding the damaging effects of the hurricane.

Northeast Florida readies for Hurricane Dorian, Uber and Lyft offer free rides, Georgia ports remain closed and UPS issues pickup and delivery advisory.

The price of new IMO 2020-compliant low-sulfur fuels is already 30% higher than fuels currently in use, but costs will rise further as the Jan. 1 deadline approaches, says consultant

Maersk, Hapag-Lloyd, HMM and OOCL have announced plans to impose penalties on shippers.

After 35 years representing the National Customs Brokers and Forwarders Association of America on Capitol Hill, Jon Kent has decided it is time to retire.

Hurricane Dorian’s approach upward along the U.S. Southeast coast will shutter maritime and rail assets throughout the region during the week.   Dorian was located just 100 miles off the Florida […]

A study sponsored by Canadian dockworkers has tried to quantify the impact of container terminal automation.

Two San Juan, Puerto Rico container terminals can merge but will be subject to additional scrutiny by the Federal Maritime Commission.

Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.

Ship traffic has not yet halted, but vessels warned to find shelter away from local ports.

A direct hit on both Freeport and Miami would compound fallout for ocean shipping.

Ocean carriers are deploying ever-larger box ships to drive down slot costs and emissions per unit. But they are sacrificing their own flexibility and are driving up costs for ports and truckers. Overall, the hoped-for benefits haven’t appeared and may even be a net negative, analysts say.

COSCO Shipping Ports (HKEX: 1199)  reported higher revenue and volumes for the first half of the year. But the spin-off of a stake in one of its port assets and […]

New official figures from China’s Ministry of Transport show that the volume of containerized ocean freight, as measured in twenty-foot equivalent units (TEUs) through China’s 49 main box-ports in the year continue to rise despite the Washington-Beijing trade tensions. But it seems that Vietnam might be benefiting from the turbulence, according to data found in FreightWaves’ SONAR database.

Strong regional and transloading demand keep inbound numbers strong.

LNG shipping rates are being driven by seasonal issues. Box shipping rates are behaving counter-seasonally.

Marine terminals to offer guaranteed empty returns, common portals for truck appointments.

Market Voice Jim Blaze writes about rail intermodal and what is happening to this area of the railroad sector.

Rates manage to outperform volume drops as carrier swings to profit.

U.S. Customs and Border Protection said it will introduce “in the coming months” a new automated tool for importers and exporters to submit their electronic vessel manifest confidentiality requests to the agency.

Container ship firm plans pledge to coincide with upcoming G7 summit in France.

U.S. Customs and Border Protection officers at the Los Angeles and Long Beach seaport complex halted the illegal import of Chinese-made firearm parts valued at $378,225.

Ports of Los Angeles and Long Beach plan further cooperation to ensure they are the “gateway of choice in North America.”

Fourth-largest ports operator sees tepid volume growth, but logistics provides offset.

Five container terminals in the Port of New York and New Jersey have increased rates in an update to their FMC agreement.

Sanguine outlook could flip, but retailers look well stocked ahead of peak season.

Integrated bulk, rail, trucking, box, warehousing and ports operator, Qube (ASX: QUB), has announced weighty full year earnings of A$1.73 billion (US$1.5 billion). It also made net profit after tax of 15. 4 percent to A$123.2 million. But it sees a subdued economy ahead…

Concerns about the port automation has sparked studies by the Port of Long Beach and other California agencies.

VLCC rates are up over 200% month-on-month. Trans-Pacific box shipping rates are down 11% since the beginning of August.

ZIM, which has entered into space-sharing agreements with Maersk and MSC, says it plans to “double down” on efforts to grow with its partners.

The next global recession would have a different impact on ocean shipping markets than the 2008-09 financial crisis.

Import volumes see best month in 2019, but year-to-date still lower.

WiseTech (ASX:WTC), a global provider of advanced logistics software, has reported a whopping 57 percent growth in revenues and a massive 37 percent net profit after tax for its full 2018-2019 financial year. Revenues generated in the last financial year stood at A$348.3 million and net profits were $54.1 million.

Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a big slump in net profit after tax.

A Chicago startup has proposed using crane rails to move containers in and out of terminals to ease congestion in the era of mega-ships.

Maersk says technology is core to its vision and wants more of its 6,000-strong IT workforce to be direct employees and not contractors.

The new IMO regulation reducing ships’ sulfur oxide emissions aims to improve the health of the environment and human population, especially near coasts and ports. This also means increased costs and a shift in strategies for maritime shippers. A panel at the Edge 2019 conference will explore these regulations and their predicted effect on logistics.

Move to non-tariff sources means switching ports, intermodal executives say.d

Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.

Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.

FreightWaves, the industry-leading provider of 24/7 news, data and analytics for the global freight and logistics markets, announces the start of the nomination process for the 2020 FreightTech 100 Awards. […]

The CEO of Maersk says the impact from the U.S.-China tariffs and trade tensions on global trade has been quite manageable.”

West Coast sees slower import volumes as service changes and market downturn take toll.

Earlier today in Europe, Danish shipping giant A.P. Moller–Maersk (NASDAQ: Maersk A; NASDAQ: Maersk B) reported a massive increase in second quarter profit and earnings before interest, tax, depreciation and amortization. Revenues “grew slightly,” the shipping mega-conglomerate said.

Evergreen Marine reports a second quarter profit and says it will add 23,000 TEU ultra-large containerships to its fleet.

Hyundai Merchant Marine, South Korea’s largest container carrier, said it had a smaller loss in the second quarter this year than in the same period in 2018.

Major U.S. drayage carrier sees Southeast ports as areas of growth in freight.

The announcements confirming Canada’s planned investments in rail infrastructure come as the country prepares for a federal election in October.

Multi-modal data and channel checks with freight brokers point to a good setup for peak season.

Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.

But Japan’s biggest shipping line looks to restart Long Beach service after summer hiatus.

Manila, Philippines-based international container terminal operator, ICTSI (PSE: ICT) has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.

A container fire aboard the APL LeHavre comes as many liner companies are cracking down on misdeclared cargo.

Third-party logistics provider aims to grow presence in its West Coast markets.

Shifting rules at marine terminals pose challenge to drayage.

Learn about the six most common reasons cargo gets delayed during the customs process.

Canadian government to invest C$18.5 million for logistics system, bridge, signs and “intelligent” communications to boost flow of trucks as part of a broader effort to improve trade infrastructure.

Third busiest U.S. port prods carriers and owner-operators to use low- and zero-emissions trucks.

CSX and Canadian National’s partnership to create new intermodal service between Montreal and Toronto and the greater New York City area is a strategy to expand each other’s geographical reach and compete with the long-haul trucking market.

Many of north-east Asia’s mega ports are directly in the path of two super-typhoons. The first is about to blow in from the Pacific and will make landfall within the next few hours.

China’s ports are the most connected ports in the whole world, mega-study reveals. Ports elsewhere in Asia flesh out the top twenty. U.S. ports don’t make an appearance until way down the list.

Matson, the largest U.S. domestic container carrier, said it is lowering its operating income projection for 2019, citing lower container volumes to Hawaii.

In partnership with Slync… learn about how predictive exception management can keep freight flowing smoothly.

A supply-demand imbalance and oceanic low-sulfur fuel regulations are making air freight more attractive relative to ocean freight. Or, at least, that is what air carriers hope.

New CEO at Los Angeles container terminal treats trucking as a customer

Southern California drayage and logistics firm looks to add to customer base with deal.

Seaspan says high demand for containerships has shielded it from the U.S.-China trade war.

FMC Commissioner Rebecca Dye is scheduled to deliver her demurrage and detention recommendations to her fellow commissioners on Sept. 3.

Hapag-Lloyd says it outlook for the second half of 2019 is unchanged even if it has to deal with more trade restrictions.

Chinese port throughput volumes (all cargoes) for the first half of 2019 are up 7.3 percent compared to the first half of last year, according to the latest official Chinese data. First half 2019 foreign cargo volumes through China rose 2.5 percent compared to the prior corresponding period. And box throughput rose 5.1 percent. Read on to find out more!

U.S. Customs and Border Protection marks the 230th anniversary of the first customs processing of a ship in the new United States.

North Asia revenues were down 8.5 percent, but EXPD improved productivity.

Jim Blaze writes about the recent history of intermodal rail service and what may happen in the next few years.

CARB is making $40 million available in the form of vouchers to reduce emissions. Eligible equipment includes everything from rubber-tired gantry cranes, to airport cargo loaders to truck and trailer refrigeration units.

Top 10 intermodal company in the U.S. looks to broker to for drayage supply.

Escalations in trade tensions between the U.S. and China could discourage containership owners from ordering new ships.

Drewry says it expects a brief spike in transpacific freight rates to the U.S. West Coast following President Trumps threat to impose a new round of tariffs on imports from China.

A pair of enormous crates carrying parts of a South Korea-bound drilling ship will be transported along highways through the Houston area over the next four days. According to Ronnie […]

Goods like clothes and toys are on the proposed tariff list.

Ports are asking that Chinese-made container cranes be excluded from the list of products on which President Trump has threatened a 10 tariff.

The U.S.-China trade war has dropped trade volumes between the two countries to date in 2019. One result – Mexico is now the #1 trade partner of the U.S.

The new tariffs, announced a day after the Fed cut rates, will affect mostly consumer goods.

Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.