Meanwhile, Rep. Mark Sanford, R.-S.C. asked why commercial ships in domestic trade must be built in U.S. when 30 of 46 ships in Ready Reserve Fleet are foreign built.
China has signed an agreement with the United States to end export subsidies provided through its so-called “Demonstration Bases-Common Service Platform” program.
Rates from Shanghai to Northwest Europe and the Mediterranean declined 6.9 percent and 6.6 percent, respectively, since last week, however various ocean carriers plan to increase rates from Asia to North Europe and the Mediterranean May 1.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Allianz cautions shipowners not to skimp on maintenance and pay special attention when laying up ships.
Senate committee approves $25 million for ports that traditionally have received little money from the Harbor Maintenance Tax.
March volumes this year were lower at the Port of Long Beach, but the first quarter was the best since 2007.
The U.S. Justice Department said an arrest was made in New York this week of a Chinese businessman who attempted to obtain and illegally export military-grade carbon fiber to China without a license.
Shipboard union leader is remembered as bringing “stability and respect” to the Masters, Mates and Pilots organization.
The Luxembourg, Germany-based cargo-dedicated airline introduced a third weekly flight to Ho Chi Minh City, Vietnam.
House lawmakers brushed aside calls at a hearing to slow implementation of the Verified Gross Mass rule, while other shippers said compliance should be straightforward.
Meanwhile, the U.S. Federal Maritime Commission is calling for carriers and shippers to work together to find a solution so exports are not left on the docks for lack of verified gross mass documentation come July 1.
The container terminal industry is facing challenges that include slowing global trade, larger ships, liner industry consolidation and extreme cost pressure, according to Kim Fejfer, chief executive officer of APM Terminals.
Authorities last week searched the head offices of France’s Bolloré Group as part of an investigation into whether the logistics provider and terminal operator acted improperly in securing port concessions in West Africa.
Rail and inland moves were up at the Port of Virginia compared to March 2015, but total box volumes fell based on anomalies a year ago, when the port saw volumes surge due to inclement weather at the end of February delaying vessel arrivals until March.
U.S. Customs and Border Protection is requiring terminal operators, warehouses or other entities with custody to detain potassium, potassium hydroxide and potassium nitrate from Tangshan Sunfar Silicon Co. while it investigates the matter.
A dangerous mix of slowing global growth and plummeting commodity prices could lead to an eventual stagnation in credit that hampers world output, according to a report from the International Monetary Fund.
Door manufacturer Door-Stop International has selected XPO Logistics to deliver products from its manufacturing plant in Nottingham to customers across the United Kingdom.
Kawasaki Kisen Kaisha Ltd., Japan’s third-largest shipping company, plans to halve the fleet of its smaller bulk ships by returning vessels to shipowners, according to an anonymous source with knowledge of the plan.
The shipping company is launching a new freight service linking the Omani ports of Salalah, Duqm and Sohar with Jebel Ali in the United Arab Emirates.
