Maritime

“This was by far the busiest April in the port’s 114-year history, outpacing the previous record set just back in 2019 by a hefty 29%.”

The situation for importers is getting even more dire. Already extreme container rates are ascending to even higher peaks.

“This fracture had the potential of becoming a catastrophic event,” ARDOT Director Lorie Tudor said about a crack found in the I-40 bridge linking Arkansas and Tennessee.

E-commerce spurs a year-over-year container volume hike of 43.6%.

The Biden administration has issued a Jones Act waiver amid fuel shortages and rising gas prices sparked by a pipeline outage.

Containers, vehicles and rail moves contribute to a record April for the South Carolina Ports Authority.

A “truly outstanding quarter” lifts net profit from $27 million in 2020 to $1.45 billion this year.

Danaos will stockpile cash from the current boom and spend it on new ships when environmental regs are clearer.

The Biden administration is considering waiving the Jones Act in the wake of the Colonial Pipeline shutdown.

Airfreight markets around the world are facing serious capacity constraints. Trade growth is overwhelming the physical ability of carriers to move goods and it’s reflected in transport prices.

Trans-Atlantic product tanker rates have spiked, but a quick pipeline restart would curb future upside.

The facility will be located about 8 miles from the Georgia Ports Authority’s Garden City Terminal.

Formerly containerized cargoes are being loaded onto bulkers. Box-ship orders are keeping future bulker growth in check.

Exported empties contribute to the Port of New York and New Jersey’s monthly volume record.

China’s potential monopoly over containers and intermodal chassis is the target of an investigation by FMC Commissioner Carl Bentzel.

Tanker execs explain lack of distress sales and scrapping this time around, and why new orders will be more curtailed.

In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.

Salvage crews are using a special method to remove fuel from the capsized commercial lift boat SEACOR Power.

Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.

Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.