Container Shipping

A number of East Coast ports saw volumes increase in May, and Savannah was one of them.

Blackstone Group, one of the premier New York investment groups, is putting $130 million on fintech/freight tech firm PayCargo.

America’s peak cargo importing season will start early this year, by the end of this month, says the Port of Los Angeles boss.

Japanese shipping firm Ocean Network Express has filed a lawsuit against Union Pacific because a shipment of solar panels was stolen in transit.

Bulk commodity shipping stocks held up well before this month. Now they’re falling alongside container shipping stocks.

OceaNS Bridge Express, a partnership among NS, Union Pacific, Hapag-Lloyd and the Port of Virginia, could be a means to avoid West Coast port congestion while taking advantage of East Coast port capacity improvements.

May was one of the busiest months in history for the container ports of Long Beach and Charleston.

With President Biden to speak at the Port of Los Angeles on Friday, here’s a look at how California’s San Pedro Bay emerged as America’s key port complex.

“We are pleased with this settlement as it creates a common understanding in close cooperation and coordination with the authority on the future handling of demurrage and detention charges in the U.S.,” Hapag-Lloyd said.

There is one reason behind this trade snarl. One. Can you guess? Bet you can’t unless you are an importer.

The French and Danish container lines CMA CGM and Maersk are reinvesting big profits in their air cargo fleets and service offerings.

There’s no wave of containers coming to rescue U.S. freight markets. Booking data shows that U.S. imports are cratering.

CMA CGM, the world’s third largest liner company, froze spot rates in September-January, yet its revenue per container kept rising.

It took longer than expected, but the IMO 2020 investment pitch — save on ship fuel by installing scrubbers — is paying off big time.

The number of container ships waiting off Los Angeles/Long Beach recently sank to 25, the lowest tally since July 2021.

The Federal Railroad Administration grant will be used to upgrade the intermodal rail yards at the Seagirt Marine Terminal.

While the Federal Maritime Commission’s Rebecca Dye found no evidence of collusion among the major ocean carriers, an investigation into the “numerous charges” they assess still could be launched.

Freightos, a backed by FedEx, is raising capital through a special purpose acquisition company and IPO.

Tankers are loading up on American crude, diesel and gasoline exports. Can the free market withstand political pressure?

Supply chain bottlenecks on the West Coast last year were evident in global port ranking data.

The port is undergoing a modernization initiative and aims to double container capacity as part of a broader effort to attract market share from Northeast and Midwest customers.

Safety stats show resilience despite aging ships, cut corners on maintenance and rising pressure on seafarers.

The Jacksonville harbor deepening project “demonstrates Florida’s unwavering commitment to strengthen and grow supply chains.”

East Coast gasoline inventories are alarmingly low. Gasoline imports from Europe could help but may not be enough to fill the gap.

It has been a terrible year for the stock market, a great one (so far) for product tanker and dry bulk shipping stocks.

Zim continues to outpace growth rates of rival container shipping lines, but investor demand fears are on the rise.

According to maritime expert John McCown, the U.S. ports with the strongest April performance were Charleston, South Carolina; Houston; and New York/New Jersey.

It was another record month for GPA, with container volumes up by over 6% year-over-year.

Container shipping spot rates are easing, at least temporarily, and far fewer ships are stuck waiting off U.S. ports.

FreightWaves founder and CEO Craig Fuller lays out the premise of Freedom Trade.

Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.

First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.

April volumes at the Port of Virginia in Norfolk were at the second highest in port history, right behind December 2021.

A 34% increase in retail imports is driving cargo volumes higher, SC Ports said.

Shares of ocean shipping companies have given back much of their 2022 gains after another big sell-off.

China’s zero-COVID policy is a prescription for more inflation and supply chain “illness.”

‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.

New container prices, new production, lease rates, lease durations and used container prices are all down.

Container-ship transits of the Panama Canal are up as liners favor the East Coast. LNG transits are down as U.S. gas heads to Europe.

Craig Fuller explains the impact of higher diesel prices on the U.S. economy and consumers.

“Higher shipping costs hit prices of imported goods at the dock within two months and quickly pass through to producer prices — many of whom rely on imported inputs to manufacture their goods,” IMF researchers wrote.

New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.

COVID lockdowns in major Chinese cities are bottling up freight shipments, but the full impact on global trade won’t be clear until this summer.

Retail stock pickers seem increasingly nervous about shipping. Shares of dry bulk, tanker, container and mixed-fleet owners all fell.

FreightWaves founder and CEO Craig Fuller writes about the impact of Chinese lockdowns on global supply chains and the U.S. trucking industry.

The Shanghai lockdown isn’t following the same supply chain script as the big Chinese disruptions of 2020 and 2021.

GTI Transport Solutions announced Thursday the acquisition of container transport provider Foxconn Logistics.

The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.

Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.

The U.S. Maritime Administration issued a final environmental impact statement for the Pier B on-dock rail facility at Long Beach and approved the project.

FreightWaves Founder and CEO Craig Fuller analyzes the impact of the latest Chinese lockdowns on the supply chains between China and the U.S.

Five hundred containers were removed from the Ever Forward to lighten its load and help salvage crews refloat the vessel stuck in Chesapeake Bay.

Mario Cordero, Port of Long Beach executive director, says there have been “notable improvements across the supply chain,” but lockdowns in China could change that.

Tanker, bulker and LNG shipping stocks rise as domestic freight and container stocks face pressure.

The future of global supply chains is in flux. The pandemic was a game changer. Then came the war.

America’s largest container port, Los Angeles, just posted the best March and best first quarter in its history.

Deputy director for the past three years, Beth Rooney will become leader of the Port of New York and New Jersey on May 2

SC Ports handled 264,334 TEUs in March, up 6% year-over-year.

Cargo is piling up at the Port of Shanghai because a citywide quarantine means most trucks can’t reach the port to pick up loads and keep commerce flowing.

The debate heats up on whether this is the beginning of the end of container shipping’s bull run.

Maersk is one of the world’s dominant container shipping lines. Now it is making a play to be a major cargo airline.

The ripple effects on logistics from Shanghai’s quarantine are being felt beyond the city as companies try to redirect freight to alternative import/export gateways.

March volumes at the Port of Virginia were the highest yet for 2022.

PSA International has added to its port portfolio with the acquisition of Canadian container terminal Ceres Halifax.

Chinese President Xi is intent on eradicating COVID. The policy has come at a high economic cost. A new lockdown in Kunshan could threaten electronics production and further snarl ocean and air transport.

If at first you don’t succeed, switch to plan B.

Folding five empty shipping containers into the space of one could curb smuggling, save shippers money and reduce emissions.

RH confirms sharp drop in demand since Russia-Ukraine war and sees no supply chain relief.

The sustained year-over-year gains propel the Georgia Ports Authority to expedite more than $538 million in funding for projects aimed at increasing capacity at the Port of Savannah.

Big companies are finding it increasingly difficult to make big deals that can get regulatory approval in the U.S. and other countries.

Charter rates hold steady at their peak as the seemingly neverending container shipping boom continues.

The new container cranes will enable the terminal to accommodate multiple ultra-large container vessels simultaneously.

More than 20 years after the planning began, the Port of Savannah shipping channel has been deepened to 47 feet at low tide.

Some shipping shares are rising because of war tailwinds. Others are rising despite war headwinds.

The Port of Vancouver handled a record volume of containers in 2021, but the biggest driver was the export of empties headed back to Asia.

Shippers should brace for “skyrocketing haulage costs,” HLS Holding warns.

If imported adult beverages are your thing, there’s a good chance DHL or J.F. Hillebrand took care of the shipping.

The COVID-19 pandemic highlighted the need for federal, state and local governments to develop inland ports to improve network flows, say stakeholders.

The refloating of the container ship stuck in Cheseapeake Bay could be a “long, laborious operation.”

Congestion could go from bad to worse as liners steer a record number of container ships toward East Coast ports.

American Made Chassis, an alliance of LB Steel and Integrated Industries, will build the chassis at an Illinois facility.

Maritime authority Lars Jensen says the “reality is that vessels do at times get stuck and this is not an event with major global ramifications.”

Racing a car at 223 mph is insane and so is the logistics that makes it possible. Get ready for the F1 season.

California ports make progress on bottlenecks, but Chinese lockdowns could spur “hockey stick” import rise.

COVID lockdowns haven’t closed Chinese ports yet. If they do, U.S. importers face “shockwave” of higher rates and delays.

The Coast Guard said it is working with the Maryland Department of the Environment to refloat the grounded Ever Forward.

Current CEO Jae Hoon Bae was not mentioned in the announcement that Kyung-bae Kim will succeed him.

COVID has been great for container shipping, terrible for cruising. What does this mean to MSC, which is big in both?

SC Ports has seen record container volumes for 12 months straight.

“Africa remains an important strategic growth market. Particularly for our service offering from and to South Africa, DAL is a valuable addition, allowing us to offer our customers a better network and additional port coverage in this region,” said Hapag-Lloyd CEO Rolf Habben Jansen.

Ocean liner Zim will include the Port of Boston in a China-Vietnam trade route.

Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.

“The solution to the nation’s port congestion problem is right here in this room,” CEO Eric Green said during his State of the Port address.

The new facility will reduce wait times and port congestion, according to Transport Canada.

Longshoremen along the U.S. West Coast say they won’t touch any shipments for Russia.

Invasion and price spikes could destroy demand, weaken consumer confidence and curb cargo volumes, warns BIMCO.

The cost of the fuel consumed by the world’s commercial ships has skyrocketed — and it’s still rising.

Arkansas Gov. Asa Hutchinson is a leader in computer science education; Jonathan Hoffman has expertise in national defense.

Kuehne + Nagel is the biggest air and ocean logistics provider and it’s pushing the right buttons for fast growth.

Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.