Slowdown headed for U.S. import volumes as largest exporter sees economy weaken ahead of prolonged holiday.
More than 1 million TEUs will be delivered in 2019 and 2020, according to forecasts.
Many in the industry remain devoted to improving output of quality returns found in diesel.
Playing pass the parcel is fun when you’re a little kid. It’s less so when the parcel is a great big bill that you’re being stiffed with as a side effect of a fight between longshoremen and their employer.
The sun is setting on the Australian shipping register as ship operators abandon the local coastal trading regime. Ship operators are fleeing the flag following the 2012 reforms.
Relief is expected when volumes dip after Lunar New Year, which begins Feb. 5.
Since Maersk acquired Hamburg Süd in 2017, it is focusing on the container liner business.
Net earnings for 2018 totaled $490 million, down from $686 million in 2017.
$2 billion in capex over the next ten years will nearly double Savannah’s container traffic to 8 million TEUs annually.
The EIA becomes one of the first major forecasters to put a price per gallon estimate on what is going to happen to diesel prices when the new rule kicks in.
New power given to the Federal Maritime Commission to scrutinize the effects of ocean carrier competition has been put on hold by the government shutdown.
Surprise fees for practice that reduces congestion at ports and improves driver turns amounts to ‘dirty pool’ on part of the steamship lines.
Capacity additions set to have knock-on effect for trades into North America; Australia’s port strike to cause Pacific Rim ripples.
SpaceX’s lease on a 19-acre site at the port will end in February, while Cal Cartage will close its warehouse on an 85-acre site in July.
Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.
Rolling strikes by workers at the Hutchison Ports Australia box terminals in Sydney and Brisbane started at 6:00 a.m. (Australian Eastern Standard Time) yesterday January 17 and are causing logistics chaos.
Container volumes remain strong, but delays mean fewer overall pickups; drivers also not pleased with new fees for flipping containers.
Set to launch in April, the network will involve the deployment of about 330 containerships with a carrying capacity of around 3.8 million TEUs across 38 services.
Forwarders say air cargo shipments keep moving despite the government shutdown.
The barge would move containers between the Wando Welch and Hugh K. Leatherman terminals.
