The 15,262-TEU containership, which caught fire earlier this month, killing five crew members, is expected to arrive at the Middle Eastern port in a few weeks.
Multiple companies at the SCOPE Supply Chain & Procurement Summit in Chicago this week discussed disruptions in their supply chains, along with what they are doing to combat disruptions.
Ocean freight rates from Asia to the U.S. West Coast are following a similar pattern to last year, when early gains were followed by sustained declines after the Chinese New Year, according to Patrik Berglund, CEO of rate benchmarking platform Xeneta.
The Soo Locks, which allow vessels to traverse the 21-foot drop between Lake Superior and Lake Huron, will open Sunday after being closed since Jan. 15.
U.S. tariffs imposed on steel and aluminum imports will have a limited impact on most international bulk trades, but could hinder containerized shipping, BIMCO Chief Shipping Analyst Peter Sand said.
Domestic truckload rates jumped 6.5 percent for the month compared to February 2017, following year-over-year increases of 6.5 percent and 6.2 percent, respectively, in January and December, according the latest Cass Truckload Linehaul Index.
The Ocean Network Express – the joint container business of NYK, MOL and “K” Line – will use Union Pacific to handle all intermodal shipments for vessels calling U.S. West Coast ports.
Intermodal pricing increased another 5.4 percent for the month compared with the same 2017 period, the 17th consecutive monthly year-over-year increase, according to the latest Cass Intermodal Price Index.
President Donald Trump signed off on tariffs covering $50 billion-$60 billion worth of products from China shortly before 1:00 p.m. today.
U.S. Trade Representative Robert Lighthizer named several countries that could potentially be excluded from steep U.S. tariffs on steel and aluminum, and discussed progress on the North American Free Trade Agreement.
President Donald Trump on Tuesday asked Congress to extend Trade Promotion Authority by three years to July 1, 2021.
Port terminals operated by the South Carolina Ports Authority (SCPA) handled 168,480 TEUs of containerized cargo for the month, a 4.2 percent year-over-year decline, as the authority began construction on the Charleston Harbor Deepening Project.
An over 2,000-page bill to keep the government funded through Sept. 30 included language to renew the U.S. Generalized System of Preferences (GSP), which lapsed Dec. 31, 2017.
The Northwest Seaport Alliance’s year-over-year increase in international container volumes in February offset a decline in domestic container traffic.
Michael Khouri, acting chairman on the U.S. Federal Maritime Commission, attended the Fourth Japan-U.S. Maritime Bilateral Meeting and met with regulators at the Japan Fair Trade Commission this week.
The new loop will link South China and Japan with Southeast Asia, utilizing four vessels averaging 4,754 TEUs.
The Israeli ocean carrier will drop a call at Halifax on its ZIM Container Service Pacific loop, but will launch a feeder service, dubbed the Canada Florida Express, which will call the Canadian port, as well as Miami and Kingston.
The American Trucking Associations’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index slipped 2.6 percent compared with the previous month, but remained 5.7 percent higher than in February 2017.
Volkswagen Group Logistics will charter the two roll-on/roll-off vessels capable of handling 6,500 vessels each from Siem Car Carriers AS.
