The New York Shipping Exchange, a digital trading platform for two-way committed ocean contracts, announced it raised $15 million in its latest funding round.
Container mega-spike recalls epic dry bulk run over a decade ago. Here’s a look back at the last time shipping had it this good.
Port Houston’s year-to-date container traffic increased 15% in TEUs compared to the first six months in 2020.
A.P. Moller – Maersk expects to save about 1 million metric tons of CO2 emissions annually with eight dual fuel container vessels.
A ransomware attack on a maritime fuel storage provider in the Canary Islands likely didn’t live up to the hackers’ hype. But the incident reflects the very real cybersecurity risks facing the companies supporting the global shipping industry.
As this year’s peak season gets underway, dislocations in the supply chain are increasing. However, this is really nothing new as the industry has been in peak mode for a year.
Demand for new containers has been historically high. Even so, the Chinese factories that build the world’s boxes are churning them out efficiently.
Extreme measures to contain delta variant create unprecedented backlog of dry bulk ships off China.
It costs $1.2 million to charter a cargo jet from Vietnam as air exports slow because of the government’s response to a wave of COVID infections.
News about BNSF, Kansas City Southern, Trinity Industries and TTCI.
Freight forwarder JAS Worldwide announced it has entered into a share purchase agreement with forwarding, logistics and supply chain management provider Greencarrier Freight Services International.
You can’t blame carriers for refusing to stick by a handshake agreement to sell service at pre-negotiated rates or at a discount.
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year — five times what it earned in 2020.
Port of Los Angeles boss warns: ‘Anchorage and dwell times are trending in the wrong direction.’
Ocean carriers adjust to the partial port closing in Ningbo, China, with minimal disruption so far. Operations could soon return to full speed if COVID remains at bay.
July’s volumes are a monthly record and the second highest for 2021.
Container volumes rose 25% at the Port of Savannah, while auto and machinery units grew 39% at Brunswick.
Queue of container ships off U.S. ports keeps building, with months’ worth of peak-season cargo still to unload.
Although Canadian grain shippers anticipate lower grain harvest volumes for the 2021-2022 crop year, adequate rail service remains a chief concern.
The Port of Ningbo is in a partial lockdown, putting immense pressure on an ocean transportation system squeezed to the maximum. It’s a replay of the Yantian port slowdown earlier this summer.
