Maritime

In the prepared statement released with earnings, CEO Musser says the current market has no precedents.

COVID has been great for stocks. In ocean shipping, container and dry bulk shares rode the wave. Tankers stocks sank.

The Port of Montreal is a major trade gateway for Canada. The Canadian government busted up a strike by unionized dockworkers and cargo will start flowing again.

Chinese container production still trails torrid demand. Ever Given accident was ‘icing on the cake’ — making box shortfall worse.

Container rates doubling from a year ago is a lesson for port investment, according to Port of Long Beach’s Mario Cordero.

The process is underway to clear wreckage of the capsized SEACOR Power and minimize environmental impacts.

Canadian lawmakers approve legislation to force an end to a strike by Port of Montreal longshoremen.

Now that shipping lines hold the pricing cards, importers must reset strategies, says Sea-Intelligence’s Jochen Gutschmidt.

Within maritime logistics circles, an effort is underway to update the technology the industry relies on to take advantage of recent advancements in hardware and software technology.

West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.

The Coast Guard answers the call to help a Pacific island nation devastated by Typhoon Surigae in mid-April.

DSV Panalpina announced Tuesday it plans to acquire the logistics arm of Agility Public Warehousing for $4.1 billion. The deal is expected to turn the transportation and logistics company into a top 3 forwarder globally.

Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.

“Both Hapag-Lloyd and USMX were well aware that the work in question would have been handled by ILA members” if the vessel had gone to another port, the International Longshoremen’s Association lawsuit asserts.

Port of Montreal longshoremen began an unlimited strike on Monday morning, but the Canadian government is set to step in with back-to-work legislation to avert more disruption to the supply chain.

Port of Montreal longshoremen say they will begin a full, indefinite strike starting Monday after their employers moved to change regular schedules.

Prologis launched a new LEED program, Blume Global says it will be carbon-neutral very soon, and bays are seeing ecological recovery.

Liners are paying historically high rates to charter ships and maximize their exposure to the booming freight market.

Evergreen should decide whether to leave the containers on board the vessel or come up with a way to transfer them.

U.S. importers will be paying a lot more for annual ocean contracts this year, but pricing inflation has eased.