Orient Overseas Container Line (OOCL) said both container volumes and revenue were higher in the third quarter this year than in 2018.
The container leasing company Triton International said it had “solid” financial performance in the third quarter despite weak leasing demand since last fall.
Toy maker Hasbro reported lower third-quarter earnings, citing tariffs on Chinese products and higher supply chain costs.
Containerships should be designed with “fire compartments” to prevent the spread of shipboard fires say marine insurers.
The Port of Long Beach saw a slide in container volumes arrested in September and hopes to attract more cargo with incentives.
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.
West Coast forwarders and customs brokers discussed blockchain, e-commerce, big data and Section 321 at their annual WESCCON gathering.
Port of Oakland has seen an uptick in volumes this year and is optimistic about remainder of 2019.
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.
Port of Los Angeles container volumes dipped in September and its executive director called for a negotiated settlement of the U.S.-China trade ware.
Georgia Ports Authority is looking to grow roll-on, roll-off cargo even as work continues on salvaging the capsized car carrier Golden Ray.
Port of Los Angeles approves environmental plan for terminal that accounts for 17% of its container volume.
SeaCube Container Leasing has rapidly expanded its refrigerated container fleet and is now the third largest lessor of reefers and largest lessor of gensets.
The chairman of DSV Panalpina says the company will concentrate on bringing Panalpina into the fold for 12-18 months, before its next acquisition, which may be aimed at strengthening its road business.
The consultants Drewry and supply chain software company CyberLogitec say technology could help small and medium shippers by reducing volatile spot rates.
Port of Long Beach is offering incentive payments to ocean carriers in an effort to stabilize declining cargo volumes.
Team of rivals? The competing ports of Los Angeles and Long Beach are looking at additional ways to cooperate for their mutual benefit.
BIMCO says there are “several indications” that goods are being shipped from the Far East to Europe and then transshipped to the U.S. East Coast to avoid tariffs.
If not enough 0.5% low sulfur fuel is available after Jan. 1. 2020 ships may resort to using more expensive 0.1% sulfur fuel used today in emission control areas.
DB Schenker’s head of Americas says uncertainty arising from events such as the U.S.-China tariff war means shippers will increasingly need to source from multiple countries and adjust inventory.