Outlook for U.S. container imports back to normal levels after 2018’s pre-tariff front loading, but with this administration, you never know.
The Hapag-Lloyd containership was verified as the source of tar balls located in a New York park, according to the Unified Command.
Australian mining giant Rio Tinto has admitted that there was a fire that damaged some of its iron ore export facilities at the port of Dampier last weekend. This story also includes a production losses update, a current cyclone weather update and an iron ore market analysis.
With new backing from Microsoft, start-up readies for technical and geographic expansion of optimization services for shipping assets.
Monthly retail imports are expected to grow to nearly 2 million TEUs in August, which would be the most since October, according to the monthly Global Port Tracker.
EXCLUSIVE: a fire at the Port of Dampier has seriously damaged iron ore miner and exporter Rio Tinto’s facilities. Iron ore exports from Dampier are likely to be severely disrupted. Iron ore prices will come under pressure, sources say, adding that dry bulk rates will “fall through the floor”.
The startup uses machine learning and AI to help ocean shipping companies optimize fleet performance and reduce fuel emissions.
Australia’s maritime officials are keeping a wary eye on the oceans around north west Australia as Cyclone Wallace menaces the Pilbara-region coastline. The harbour master for Port Walcott directed that the port be cleared. However, it was a narrow miss for iron ore export facility, Port Walcott, as the cyclone swerved away. And so the harbour master cancelled the direction to clear the port. Iron ore exports are, nonetheless, likely to disrupted. But it’s not over yet as, to the north east of Wallace, a “tropical low” is threatening to build up into a cyclone too.
The third annual survey by Drewry and ESC found shippers and freight forwarders were least satisfied with the clarity of prices and surcharges.
Shipping conglomerate looking to find its focus as other shipping companies have already focused on core businesses.
The Office of Foreign Assets Control added sanctions against two shipping companies and their vessel for transporting crude oil from Venezuela to Cuba.
To date, only three ports — Miami, Colombo and Hong Kong — have announced plans to form alliances.
Bertrand Schmoll is elected to board and Dean Milcos is promoted to CFO.
Also in this week’s report: an ExxonMobil recommendation might be problematic for truckers; paying somebody to take natural gas away
Ports operator Cosco Shipping Ports (CSP) (HKEX: 1199) has agreed to build a 254,000-square metre (2,690,978-square feet) logistics park in the city-agglomeration of Guangzhou, which has a regional population of at least 64 million people. Guangzhou is one of the world’s busiest box ports with a throughput in 2018 of 21.92 million twenty-foot container equivalents (TEU).
Oscar Thwin, Todd Naramore and Jerry Critchfield all are named vice presidents.
The 3,504-TEU CMA CGM Fort de France is the first of four vessels in the company’s new dedicated fleet to the French West Indies.
The Owner-Operator Independent Drivers Association, which was among the plaintiffs of the class action suit filed last year, said it will appeal the ruling issued Thursday.
Pre-tariff front loading to the U.S. and seasonal slowdown contribute to weakness in ocean freight rates from world’s largest exporter.
Chairman Michael Khouri told Senate Commerce Committee members that the agency is concerned how ocean carriers will pass IMO bunker requirement costs onto shippers.
