Sen. Wicker and Rep. Garamendi plan to reintroduce a bill to guarantee fixed percentages of all LNG and crude oil travel on U.S.-built, crewed and flagged vessels.
According to data released Tuesday by the Bureau of Transportation Statistics, the total value of U.S.-North American freight flows increased 7.8 percent to $1.23 trillion.
OOIL and Yang Ming see better revenue growth, but bottom line results diverge as finance and fuel costs hit results.
OOIL reported a profit attributable to equity holders of $108.2 million in 2018 compared to $137.7 million the previous year despite higher operating profits and revenues.
Port authorities want European Union leaders to better recognize “cross-border connectivity” that seaports project across the continent.
The 16,500-square-meter facility is located within a three-mile radius of all six container ports at Busan New Port and less than 10 miles from Gimhae International Airport.
Although it’s still early yet, there are indications that Cyclone Veronica may have adversely affected freight infrastructure along Australia’s north west coast – where some of the world’s largest iron ore export ports are located.
The Turkish port operator is one of the finalists trying to become the operator of one of the largest and most automated terminals in the U.S.
It was largely a further slide down the slippery slope for the Shanghai Shipping Exchange’s China Containerized Freight Index, week ending March 22. Rates on nearly all seaborne containerized routes were down compared to the week before. Rates were also largely down on the benchmark containerized routes as compiled by Drewry Maritime Advisors.
The fifth-largest container carrier wants to be “number one for quality” and increase digital initiatives.
John Garamendi (D-CA) asserted energy exports are tied to US shipbuilding and national security.
Changing trading patterns have seen volumes at the port of Gioia Tauro decline. Its only remaining customer, MSC, is expected to successfully conclude more than two years of talks to acquire the facility in the coming weeks.
In partnership with Dutch multinationals, Maersk will test the second-generation biofuels on the 18,000-TEU Mette Maersk, which will sail 25,000 nautical miles.
CEO Rodolphe Saadé said the shipping line is reinforcing its efforts to “develop ever more efficient and environmentally friendly vessels.”
Container carrier trade association says an OECD International Transport Forum report should be disregarded by European regulators looking at shipping regulation.
World’s biggest shipping line trials a backhaul voyage with biofuel in a bid to get jump on 2050 target for shipping industry to go zero carbon.
The blaze broke out at Intercontinental Terminals’ bulk liquid storage facility in La Porte on March 17.
Taiwanese carrier says results were “significantly impacted” by fuel prices and that it is “cautiously conservative” on its outlook for 2019.
The purchase of the South African freight forwarding and logistics company is Rhenus’ fifth acquisition since November.
All ocean shipping, port and cargo operations remain shut at the world’s two largest dry bulk ports, Hedland and Dampier, owing to the passage of Severe Tropical Cyclone Veronica. Major liquefied natural gas export facilities along the north western Australian coast have also suspended operations. It’s the fourth consecutive day of suspended operations as Cyclone Veronica is moving very slowly. But there could be weeks of delay if Veronica soaks the landscape.
