US Customs proposes relaxing Jones Act restrictions
Offshore energy operations could get competition from foreign ships.
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.