Meanwhile, Rep. Mark Sanford, R.-S.C. asked why commercial ships in domestic trade must be built in U.S. when 30 of 46 ships in Ready Reserve Fleet are foreign built.
Rates from Shanghai to Northwest Europe and the Mediterranean declined 6.9 percent and 6.6 percent, respectively, since last week, however various ocean carriers plan to increase rates from Asia to North Europe and the Mediterranean May 1.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Allianz cautions shipowners not to skimp on maintenance and pay special attention when laying up ships.
Senate committee approves $25 million for ports that traditionally have received little money from the Harbor Maintenance Tax.
March volumes this year were lower at the Port of Long Beach, but the first quarter was the best since 2007.
The U.S. Justice Department said an arrest was made in New York this week of a Chinese businessman who attempted to obtain and illegally export military-grade carbon fiber to China without a license.
Shipboard union leader is remembered as bringing “stability and respect” to the Masters, Mates and Pilots organization.
The Luxembourg, Germany-based cargo-dedicated airline introduced a third weekly flight to Ho Chi Minh City, Vietnam.
The container terminal industry is facing challenges that include slowing global trade, larger ships, liner industry consolidation and extreme cost pressure, according to Kim Fejfer, chief executive officer of APM Terminals.
Authorities last week searched the head offices of France’s Bolloré Group as part of an investigation into whether the logistics provider and terminal operator acted improperly in securing port concessions in West Africa.
The shipping company is launching a new freight service linking the Omani ports of Salalah, Duqm and Sohar with Jebel Ali in the United Arab Emirates.
The southeast Indian port set a record for container volumes record in March, handling a total of 61,390 TEUs during the month.
The Baltic Exchange’s main ocean freight index rose for the twelfth consecutive trading session Wednesday thanks to higher rates for panamax, supramax and handysize dry bulk vessels.
The air cargo terminal operator’s recently inaugurated cool center at Shanghai Pudong International Airport can handle 100,000 tons of temperature-sensitive goods per year.
Crowley Maritime, a pioneer in a trade that is still restricted under laws such as the Helms-Burton Act and Trading with the Enemy Act, has actually seen volumes fall in recent years as Cubans have begun importing more from Brazil, and perhaps Argentina.
The first phase of the “Middle Harbor Project,” due to go into operation this year, will add about 10 percent more container capacity to the nation’s second largest container port and allow Long Beach Container Terminal to handle 18,000-TEU vessels.
German ocean carriers Hamburg Sud and Hapag-Lloyd are shifting two of their services from one member of the Northwest Seaport Alliance to the other.
The Jacksonville, Fla.-based railway posted net earnings of $356 million on revenues of $2.6 billion for the first quarter of 2016, year-over-year declines of 19 percent and 14 percent, respectively.
The Hong Kong-based logistics services provider entered into a memorandum of understanding to increase its stake in Indev Logistics Pvt. Ltd. from 30 percent to 50 percent.
