Textainer touts resiliency in a ‘lackluster market environment’
Container leasing company Textainer said a traditional peak season did not materialize in 2019.
Container leasing company Textainer said a traditional peak season did not materialize in 2019.
“K” Line has warned the global economic slowdown could lead to a deterioration in transportation demand.
NYK Line, Japan’s largest shipping company had operating profit of $146.7 million, compared with a loss in the same period last year.
Ship owners like Dorian LPG are reaping the benefits of very strong VLGC spot rates.
The U.S. Justice Department said Peter Sotis, former owner of Florida-based Add Helium, is accused of smuggling rebreather equipment without an export license to the war-torn country.
Ben Thrower writes about the importance of American agriculture – not just to the U.S. population, but to the country’s trade negotiations.
Mitsui OSK Lines (MOL) recorded a major drop in revenues in the first half of its financial year as container earnings fell off a cliff and the U.S.-China trade war took its toll. But MOL was able to limit damage to operating profits.
Hong Kong-based port operator Cosco Shipping Ports (HKEX: 1199) has announced mixed results for the third quarter of 2019. Revenues were flat and profits were down. But box volumes rose. And analysts are bullish on the stock.
COSCO Shipping Holdings said its third quarter profit more than doubled.
The PACT Act closely mirrors the unsuccessful Graham-Van Hollen Turkey Sanctions Bill in the Senate.
Even with a 15-20% increase in container freight costs from Asia to the U.S., prices would still be far below 2018 rates.
U.S. freight forwarders have increasingly embraced canines as part of their technology-driven air cargo security programs.
CAI International Inc. (NYSE: CAI), a leading container-leasing and logistics company, said it had modest year-over-year growth in revenue from continuing operations in the third quarter but that it had […]
Investment will fund a new facility at DHL Express gateway at Hamilton International Airport to accommodate growing volumes.
Floating storage, scrubbers delays and newbuilding unease should continue to squeeze crude-tanker capacity.
If container carriers refrain from adding too much capacity, transpacific freight rates may rise in coming months, says Drewry Shipping Consultants.
CEVA Logistics, the third-party logistics subsidiary purchased by the French shipping giant in April, will cross-sell and share warehousing with Wing.
Of the 200 U.S.-flag shipping companies that were formed after World War I, only one remains in operation today.
Read what Ted Stevens Anchorage International Airport is doing to stay relevant and its importance to U.S.-international trade.
Growing source of U.S. containerized goods imposes navigation restrictions due to sunken boxship.
Market prognosticators have been saying dry bulk will recover “next year” almost every year for the past decade. Will it finally happen in 2020?
The U.K. was scheduled to leave the EU on October 31, but now has until January 31, 2020 to get a deal approved by Parliament.
Francis Alvarez, who operated a forwarding service in Houston, faces a maximum of 10 years in prison and a $1 million fine for violating the Sherman Act.
Engines in Australian trucks may have been modified to allow them to break speed limits. Australian police have been reading premises across the country. In other Down Under News: APE eats up AHG; new boss for Orcoda; mobile phone driving surveillance laws; broken bridges; accident black spots; corporate debt.
“This new humanitarian mechanism will help international companies that seek to engage in permissible humanitarian trade with Iran to ensure that they do not run afoul of sanctions,” Treasury Secretary Steven Mnuchin said.
Offshore energy operations could get competition from foreign ships.
Orient Overseas Container Line (OOCL) said both container volumes and revenue were higher in the third quarter this year than in 2018.
With spot container freight rates continuing to tumble, carriers are forecast to withdraw more capacity ahead of annual contract negotiations with shippers.
Marine transportation outperforms as barging gets back to normal, but other units struggling.
Canadian national Alexis Vlachos, who was sentenced to prison last September, will not be able to export or receive anything from the U.S. for the next seven years, the U.S. Bureau of Industry and Security said.
Global logistics software developer WiseTech (ASX: WTC) has come under renewed attack from investment advisor company J Capital. WiseTech continues to reject all claims of impropriety and asserts J Capital is simply “wrong.”
South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It’s a bold move for a company that’s already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the company as having a “horrible balance sheet”.
The autumn peak season will be over before you know it. Trans-Pacific container rates have yet to budge.
Ocean carrier says the onus in on marine fuel suppliers to scale up production to meet target dates.
The container leasing company Triton International said it had “solid” financial performance in the third quarter despite weak leasing demand since last fall.
Top shipping execs reveal the inside story of the recent crude-tanker rate maelstrom.
The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
Shippers will shun container lines that lack transparency or overcharge for low-sulfur fuels.
Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian Port Co. (HKEX: 2880 and SSE: 601880) of Liaoning Province, China.
Battery Council International, which represents U.S. lead acid battery manufacturers, praised the removal of the potentially unsafe products from the supply chain.
Market expert Jesse Cohen writes about the 2019 air cargo market to date, and industry personnel look ahead to 2020.
The Trump administration said the Turkish government satisfied the five-day ceasefire commitment in northern Syria.
Scorpio Bulkers plans to continue to monetize its position in related-party Scorpio Tankers.
The Southern African country’s political leadership established the national holiday to protest longtime U.S. economic sanctions.