Tanker shares jump as war rages; other shipping shares mixed
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Tanker stocks favored by retail traders post big gains, while most container and dry bulk stocks hold steady.
Expeditors International is desperately trying to recover from a major cyberattack that has degraded its logistics capabilities.
The United States is closing its airspace to all Russian aircraft as punishment for invading Ukraine, President Joe Biden said in his State of the Union address to the nation Tuesday night. “I am announcing that we will join our allies in closing off American airspace to all Russian flights — further isolating Russia — […]
Pandemic gridlock, the Ever Given, COVID outbreaks, container shortages, flooding, Ukraine. The next shoe to drop: a labor dispute.
The South Atlantic Chassis Pool 3.0, will be ready in October 2023 and will have 60,000 chassis available.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
Air cargo is facing more headwinds because of the Ukraine crisis, but some industry players could gain business.
The Biden administration is backing new legislation aimed at alleged out-of-control market power by foreign ocean carriers.
“Relative sea-level rise and the increased frequency and severity of storms are already affecting port activity, infrastructure and supply chains, sometimes disrupting trade and transport,” the report said.
The Felicity Ace, which caught fire in the Atlantic on Feb. 16, was transporting luxury vehicles to the United States.
Container lines, shipowners and shippers have a new way to navigate the market chaos: cleared freight futures.
Western sanctions on Russia will have a devastating impact on all-cargo airline Volga-Dnepr. Shippers will feel some pain too.
The increase in Suez Canal tolls range between 5%-10% and become effective Tuesday.
Ukrainian officials vow to rebuild the world’s largest commercial cargo plane, which was capable of carrying prodigious loads.
The container port business is booming and the big are getting bigger, particularly in China.
Georgia Ports Authority outlined projects that would take container capacity to 9.5 million TEUs by 2025.
The port chaos cocktail: Mix 12 months of container bottlenecks with contentious contract talks for dockworkers.
Break bulk cargo with commodities of plywood, steel and rubber boosted volumes at U.S. Gulf Coast ports in January.
The International Chamber of Shipping issued a warning of the human capital component — Ukrainian and Russian seafarers are now locked out.
Air cargo was a bright spot for Air New Zealand last year, thanks in large measure to government aid for flights geared toward cargo.