Rates spin as Chinese ships dropped from U.S. routes
Container spot rates on the eastbound trans-Pacific reverse course as liner operators redeploy Chinese-built ships away from U.S. services ahead of punitive port fees.
Container spot rates on the eastbound trans-Pacific reverse course as liner operators redeploy Chinese-built ships away from U.S. services ahead of punitive port fees.
Import cargo at U.S. container ports is expected to decline through the end of 2025 despite near-record summer volume.
Asia-U.S. container shipping rates moved up due to an upcoming Chinese holiday and carriers adjusting vessel schedules.
The former top U.S. maritime official backs U.S. initiatives to revitalize shipping and shipbuilding, but warns that careful planning is needed.
The Port of Long Beach shut down operations at Pier G Tuesday after dozens of containers from a docked ship fell into the water.
The Port of Long Beach has released a draft environmental report for its transformative Pier B on-dock rail expansion project.
Container shipping profits plunged 56% in Q2 on tariffs and shifting trade policies; the forecast remains cautious.
Expansion project will add 1.15 million TEUs in annual capacity to the eastern Canadian port.
The Port of Jacksonville, Fla. has hired Juan Pablo Acosta Magaña to lead container cargo sales for Latin America.
Rising average spot rates for some importers reversed the summer-long trend on containers moving from Asia to the United States as bigger shippers press carriers for better prices.
Truckers at Mexico’s Lázaro Cárdenas port are protesting lack of bathrooms and rest areas, and limited food access, while waiting up to 36 hours in customs lines.
President Donald Trump has nominated two Floridians to fill the pair of vacancies on the Federal Maritime Commission, the U.S. regulator of ocean shipping.
While ocean container rates on the trans-Pacific were unchanged in the latest week, carriers are testing soft demand with general rate hikes.
U.S.-based Cerberus Capital Management and HD Hyundai of South Korea announced an investment partnership in the American maritime sector.
The busiest U.S. container ports saw a modest rise for import container volumes in July as shippers raced to beat the Trump administration’s early August tariff deadlines.
Ports in Houston and New Orleans posted strong July freight gains, while Corpus Christi crude oil exports declined.
A formal trade framework between the EU and U.S. should stabilize container cargo flows on trans-Atlantic routes, says forwarder Kuehne & Nagel.
After tariff worries chased up import volumes in July, ocean freight rates have steadily fallen on frontloading, capacity issues.
South Carolina Ports Authority President and CEO Barbara Melvin is stepping down.
Dubai’s DP World enjoyed revenue and profit gains in the first half of the year as global container volume overcame political and logistical hurdles.