American Shipper

Asia-Europe and Asia-U.S. spot freight rates jumped 12-30% last week, but can carriers hold on to the gains?

Danaos expects in 2020 container trade demand growth will outpace supply growth for the first time in almost 10 years.

False submission of shipment information in the U.S. government’s Automated Export System helps sink scheme to smuggle military-style inflatable boats and engines to China, according to officials.

U.S. Customs and Border Protection officers at the ports keep watch for untreated wood packaging in cargo shipments to prevent the spread of wood-boring pests.

With shippers and carriers unable to predict rates or capacity in the spot market from month to month, can a better alternative be developed by new freight capacity marketplaces?

Transit times of 10-12 days are promised on the new service from DHL Global Forwarding.

Hong Kong Stock Exchange-listed ocean carrier Pacific Basin (HK: 2343) will issue US$175 million (approximately HK$1,371 million) of non-amortizing unsecured convertible bonds to boost its balance sheet while growing and renewing its fleet.

Saudi Aramco, believed to be the world’s largest integrated oil and gas company, has announced it will undergo an IPO on the Saudi Arabian stock exchange.

truckers hauling construction materials and agricultural products, flyers promoting the protests also have been posted around the ports

U.S. Customs and Border Protection said importers of tobacco from the southeast African country must demonstrate the goods are not in violation for clearance.

New freight indices provide visibility on potential earnings premiums of scrubber-equipped vessels.

Shippers and NVOs urge the U.S. Federal Maritime Commission to implement the interpretive rule, while ocean carriers and marine terminals say it needs further refining.

In a thinly veiled swipe at President Trump’s trade policy, the U.N. says protectionism will result in weaker maritime demand over the next five years.

The challenges facing the Danish logistics giant as it integrates Panalpina were evident in its first quarterly results since the $5 billion acquisition.

Container leasing company Textainer said a traditional peak season did not materialize in 2019.

“K” Line has warned the global economic slowdown could lead to a deterioration in transportation demand.

NYK Line, Japan’s largest shipping company had operating profit of $146.7 million, compared with a loss in the same period last year.

Ship owners like Dorian LPG are reaping the benefits of very strong VLGC spot rates.