Maritime

Glimmers of hope for the beaten-down tanker sector: more OPEC+ crude production and more long-haul exports from the U.S. to India.

If you ordered a fire pit or a rowing machine online, there’s a good chance it’s coming through the Port of Long Beach. The port is moving record amounts of containers and shipments are experiencing delays.

Days after Ever Given backlog was declared cleared, the number of ships waiting to transit the Suez Canal remains high (with video).

“Widely varying” tariff fees charged by container lines have prompted federal regulators to consider new rules.

Pearl service customers’ imports likely will be delayed arriving from Asia.

“Our all-time container record reinforces that we are adding more capacity to the Port of Charleston at the right time,” says South Carolina Ports CEO Jim Newsome.

Twenty tons of coke was found aboard an MSC ship in 2019. MSC just revealed that it’s spending $100 million more on security in response.

“Imagine a port where a ship slows down on approach to reduce emissions, plugs into the electrical grid at berth instead of burning fuel to run vital systems and is worked by zero-emissions cranes, yard vehicles and trucks. That’s our reality in Long Beach.”

Bad timing: Still-rising cargo demand is coinciding with container-shipping constraints in the wake of the Suez Canal crisis.

Maersk and ZIM ships are being deployed in response to “customers’ increased cargo demands.”

Daniel Maffei becomes chairman at a time of massive disruption in the world of trade.

FreightWaves CEO Craig Fuller writes about FreightWaves, as well as transportation today and moving forward.

‘Bigger is better’ is the mantra of public tanker companies. The just-announced INSW-Diamond S merger is a step in that direction.

A ransomware gang is threatening to leak 2 terabytes of files stolen from shipping firm ECU Worldwide in the aftermath of a cyberattack as the owner vows to “take any steps necessary, legal and otherwise,” to protect customer data.

Biden taps Daniel Maffei to head the FMC amid the ongoing port congestion crisis.

Third-party logistics provider GSC Logistics plans to add 100 more drivers and 400 chassis to meet the container volume surge on the West Coast.

The Georgia Ports Authority has approved projects to increase the annual container capacity at the Port of Savannah to over 6 million TEUs from the existing 4.7 million TEUs.

You think you can just book your cargo on a plane to avoid the ocean shipping congestion at the Suez Canal? Guess again. Freighters were flying full even before the Ever Given got stuck, so finding space will be very difficult.

The president of the trade group says he expects a new CEO after “fierce” competition.

The South Korean container carrier expects the Suez Canal backlog to be cleared by the time the HMM Nuri arrives in mid-April.