OPEC+ deal shocker will prolong bloodletting for crude tankers
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
Air cargo is a good news, bad news story this year. Shipment volumes are at pre-crisis levels. But cargo is joined at the hip with passenger airlines, which are cutting more flights and struggling to survive.
Republican lawmakers push back on Biden’s ‘big, bold vision’ ahead of infrastructure talks.
“Ocean Insights has dominated the container-tracking space, and we look forward to providing the industry not only the best ocean capabilities but also the most comprehensive end-to-end visibility platform,” says project44 CEO Jett McCandless.
Drayage trucking and logistics company ContainerPort sold its container yard and depot division to ITS ConGlobal, a company with intermodal, finished vehicle and depot service terminals.
If ocean freight rates have legs, analysts see much more room for the secondhand ship values to run — which should, in turn, boost stocks.
Northwest Seaport Alliance reports January exports dropped 13.4% year-over-year.
Boeing 767s are coveted by all-cargo carriers. LATAM Airlines is doing an in-house swap of passenger planes to its cargo division, which will send them to Boeing to convert into freighters.
Jefferies senior analyst Randy Giveans outlines why it is now a particularly good time to buy container-shipping stocks.
Today’s container market chaos underscores the need for enforceable ocean contracts as opposed to loose agreements, argues consultant Tom Craig.
Lina Jasutiene, managing director and founder of Recoupex and a former lawyer for the shipping line MSC, explains what shippers can do to successfully pursue damage claims. She talks to Steve Ferreira, the CEO of Ocean Audit, during a fireside chat at FreightWaves’ Global Supply Chain Week.
The American Society of Civil Engineers (ASCE) gave the nation’s infrastructure an overall grade of C-, up from a grade of D+ four years ago, the association revealed Wednesday in its quadrennial report card. The report card based on an evaluation of 17 infrastructure categories, including roads, bridges, ports, rail, aviation and inland waterways. 2021 […]
Maritime regulators warn the Houston port agency against restrictions that could hamper the Gulf Coast container trade.
Kalitta Air pilots on Tuesday ratified a new collective bargaining agreement, which the Air Line Pilots Association says significantly improves retirement benefits and working conditions. The four-year labor contract covers more than 800 pilots with the Ypsilanti, Michigan-based airline. The previous contract became amendable on Dec. 20. “After one year of negotiations amidst the pandemic […]
The bosses of public dry bulk shipping companies claim that recent market oddities point to good times ahead.
“American customers will be able to choose to transport their goods using LNG, a new technology that helps to preserve air quality by eliminating almost all atmospheric pollutants,” said CMA CGM CEO Rodolphe Saadé.
California will boost testing procedures to enforce distillate fuel regulations.
The airline industry took a massive punch from the pandemic last year, but most carriers have stayed on their feet. Airlines and their employees say Congress should inject one more dose of aid for jobs so they can start flying more quickly once vaccinations increase and people are ready to travel.
Evan Efstathiou discusses why VCs are looking to invest more in maritime just as shipowners are looking to partner more with startups.
Ocean Audit CEO Steve Ferreira chats with Vanguard Logistics Services Vice President Stephanie Loomis about what importers and beneficial cargo owners can expect as they undergo contract negotiations with the ocean carriers this year.