The need for dual-hub European logistics systems as Brexit looms is one reason the Hong Kong-based supply chain specialist is building a new hub.
Aggressive action by Indonesia’s marine police is putting pressure on Southeast Asian pirates and the number of local attacks is falling, the crime-fighting International Maritime Bureau has reported.
Toy maker Hasbro reported lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs.
Headlines have highlighted booming VLCC rates, but spot LNG shipping rates have now taken the crown.
The Office of Foreign Assets Control policy, which focuses on financial ownership of sanctioned individuals or entities, bedevils U.S. companies with sophisticated compliance programs.
The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
The Wise Honest illegally transported coal on behalf of the North Korean regime from November 2016 to April 2018.
Chow Chi-yeung (42), a former logistics supervisor with cross-border trucking services company Extrans International of Hong Kong, has been charged with fraud.
Containerships should be designed with “fire compartments” to prevent the spread of shipboard fires say marine insurers.
Logistics in Alaska can be both amazing and frustrating. Alaska is the most expansive and diverse logistics laboratory in the United States. Take the largest state in the nation, yet […]
The Trump administration said it is taking this latest regulatory action to further restrict the Cuban government’s efforts to support Venezuela’s Maduro regime.
An exclusive Q&A with Carlos Di Mottola, CFO of Milan-listed D’Amico International Shipping.
France-based carrier says its new Shipfin Trade Finance products will be made available in Europe and the U.S. next year.
The Port of Long Beach saw a slide in container volumes arrested in September and hopes to attract more cargo with incentives.
Improved shipping stock prices and heightened time pressure on private equity ship owners should spur more consolidation.
British government minister’s voyeuristic sex claims about truck drivers are “classist,” “inappropriate” and “ignorant,” says road transport representative.
The Office of Foreign Assets Control on Oct. 17 extended the general license for Nynas AB that is 50% owned by Venezuela’s state-owned oil company, Petrόleos de Venezuela S.A.
Terminal operator joins TradeLens as it looks to align with ocean carriers and provide better box tracking.
French calls for mandatory slow steaming continue, but the introduction of low-sulfur bunkers could see container lines accelerate services as fuel markets are played for competitive advantage.
The car carrier Golden Ray, which ran aground and capsized while it was leaving the Port of Brunswick, Georgia, on Sept. 8, will be cut up in place and removed.
Turkey has the next five days to maintain the ceasefire against Syrian and Kurdish forces before the U.S. sanctions are removed.
Maryland congressman was staunch supporter of the Jones Act and U.S. flag shipping.
West Coast forwarders and customs brokers discussed blockchain, e-commerce, big data and Section 321 at their annual WESCCON gathering.
The Hong Kong Human Right Rights and Democracy Act, which unanimously passed the House of Representatives on Oct. 15, puts pressure on Hong Kong to uphold U.S. export controls.
Could new tariffs derail solid rate performance in the trans-Atlantic trade?
Industry veteran picked to head one of the largest U.S. East Coast terminals, which is undergoing upgrade.
Port of Oakland has seen an uptick in volumes this year and is optimistic about remainder of 2019.
VLCC rates have rapidly fallen from over $300,000 per day to around $125,000 per day.
A U.S. Coast Guard investigation in February discovered the Nederland Reefer’s chief engineer had devised a scheme to illegally dump oily bilge into the sea.
September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.
World’s second largest container fleet continues push with ultra-large container ships.
The Trump administration takes aim at financial assets of Turkish government agencies and officials linked to military strikes in Syria, but Congress may legislate broader sanctions in the days ahead.
European shippers have joined with leading container line analyst Drewry to bring order to the “who pays what” implementation of IMO low-sulfur fuels.
Although Super Typhoon Hagibis has caused catastrophic floods, mudslides and at least 68 tragic deaths in Japan, FreightWaves understands from local sources that Tokyo’s critical freight infrastructure – seaports and airports – are undamaged. Japan’s wider logistics network is suffering from a miscellany of damage such as flooding.
The announcement by President Donald Trump not to increase tariffs on $250 billion in Chinese imports to the U.S. and boost U.S. agriculture exports did not address other structural issues.
Headlines may proclaim “$300,000 per day” but most crude tankers are not making anything close to that.
Market Voice Darren Prokop writes about automation at ports and the progress – and disruption – that will bring.
Petitions must be filed to the U.S. International Trade Commission by no later than Dec. 10 to be considered for inclusion in the next miscellaneous tariff bill.
NCBFAA generally supports Customs and Border Protection’s goal to protect against illicit importers but said the agency’s proposed importer verification rule has “grossly miscalculated the cost” to customs brokers.
Maersk subsidiary looks to fix congestion that had been widely cited in 2018 front-loading.
Asia-Europe demand has been strong for much of the year, but spot rates have tumbled as some lines have cut rates. With demand weakening, carriers are poorly placed ahead of annual contract negotiations, says Drewry.
An influx of new container ships has hiked the average size of vessels deployed on the trans-Pacific and Asia-Europe trades, reports Alphaliner.
“Finally, a ray of hope for the U.S.-China trade relationship,” said Myron Brilliant, U.S. Chamber of Commerce’s head of international affairs.