After a year marked by port congestion, vessel diversions and longshore labor issues, maritime shipping is bracing for the unknown in 2025.
The latest U.S. sanctions on Russian oil are rumored to be expansive, encompassing two Russian oil companies and more than 100 tankers, as well as oil traders and Russian insurance firms. The sanctions may also hit Chinese banks that facilitate Russian oil trades.
Eastbound trans-Pacific container spot rates just broke $5,900 — here’s why.
Workers are becoming more aggressive in seeking better compensation. Who can blame them when CEO pay has skyrocketed, but corporate performance often lags? Companies thrive when they focus on creating value for all stakeholders, not just investors.
Crowley, a vessel operator and provider of tugboat logistics, announced it acquired Main Line, a provider of vessel assist services.
CMA CGM has announced several surcharges affecting US container services but delayed one after reports that union dockworkers and port employers would resume contract negotiations.
Maersk this week called on shippers to clear out laden containers ahead of a possible strike by union longshore workers at East and Gulf Coast ports.
The International Longshoremen’s Association and port employers represented by the United States Maritime Alliance are set to resume bargaining on a new contract Jan. 7.
A fire at a Port of Vancouver marine coal terminal caused damage but no injuries over the weekend.
Shippers continue to navigate the known and the unknown as trans-Pacific container rates moved higher as 2024 comes to an end.
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea.
Panamanian President José Raúl Mulino rejected President-elect Trump’s claims of Chinese interference and high fees to use the Panama Canal.
The Port of Oakland saw loaded imports post year-over-year gains in November, the 13th straight monthly increase for the Northern California hub.
Liner operator Hapag-Lloyd announced new surcharges ahead of a possible
January strike by the International Longshoremen’s Association at East and Gulf Coast ports.
The Port of Long Beach is on course to handle 9.6 million TEUs in 2024, which would top record volume set in 2021.
Frontloading by importers ahead of 2025 helped Asia-U.S. ocean freight rates stay elevated into mid-December.
Total freight movements were up in Houston, Corpus Christi and New Orleans, boosted by shipments of consumer goods, machinery and crude oil.
Liner operator Yang Ming of Taiwan announced plans to modernize its fleet with orders for as many as 13 newbuildings.
Port Authority of New York and New Jersey announced the unanimous re-election of Chairman Kevin O’Toole.
Federal Express’ strategy for improving profitability and soft parcel volumes includes redeploying aircraft for daytime international flights to capture containerized cargo.
