In an effort to keep trade flowing, major carriers have canceled sailings to Yantian — a useful diversion that has created a whole new chain of bottlenecks.
From A.P. Møller – Maersk to ZIM, the world’s shipping lines reported huge profit jumps.
A new supply chain task force emerges from the Biden administration’s 100-day review.
With their recycling, shipping, offshore and supply chain expertise, Coca-Cola and Maersk are helping The Ocean Cleanup rid the oceans of plastic pollution around the world.
Congestion is cutting liner capacity just as freight rates are at all-time highs, incentivizing carriers to buy or charter more ships.
Environmental regs could extend future dry bulk and tanker upside, while consolidation could change curve of container-shipping cycle.
Transport deregulation’s long game has left much of the asset-based carrier field with few players. Will the cycle turn to usher in a cast of competitive newbies?
The cranes cost $21.6 million to construct; a price tag on vessel and cargo damage has not yet been estimated.
There was a fair amount of “feel-good” talk regarding inventory build during the fiscal first-quarter retail earnings season. But for several chains, the year-over-year comparisons were easy. Further, sales have continued at an elevated clip, suggesting the massive merchandise restocking is far from over.
Retailers at increasing risk of not getting goods from Asia on shelves as ocean transport system hits limit.
If the farmer had the phone number of the customer buying the grain or OFE’s app to make the match, maybe there wouldn’t be as many middlemen and maybe the farmer would have better options.”
Freight forwarder will pay “absolute historic high” to secure container ship as “people are panicking” amid “out of control” market.
The U.S. Army Corps of Engineers budget provides first-time federal funds to deepen and widen Norfolk Harbor.
Out of an abundance of caution, carriers like Maersk extended the suspension of vessels into the ports from May 31-June 6.
A mid-May blaze inside the roll-on/roll-off vessel was just the latest incident that halted removal of the Golden Ray, which capsized in September 2019.
A search is ongoing for three missing crew members from a roll-on/roll-off vessel that sank after colliding with a tanker.
After an 85% revenue jump, the South Korean carrier turns its attention to meeting its carbon neutrality target.
Ships at anchor are unlikely to clear by peak season. Congestion is forcing wide-scale voyage cancellations.
“Demand for products and services both domestically and abroad is driving significant gains in Georgia’s cargo volumes,” says Executive Director Griff Lynch.
“The supply of container equipment is currently one of our industry’s biggest challenges,” says Hapag-Lloyd CEO Rolf Habben Jansen.
