Maritime

U.S. agribulk exports to Asia are taking the longer route via the Suez Canal due to Panama transit restrictions.

Cargo volumes are holding up, but rising transport capacity is outpacing demand, pushing container shipping rates even lower.

Canadian railway CN, the Mississippi State Port Authority and Ports America have signed a memorandum of understanding for an intermodal service at the Port of Gulfport.

Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.

The union representing East and Gulf Coast dockworkers warned members to prepare for a possible strike starting Oct. 1, 2024.

“This is not a diet. This is a resetting of the baseline,” said Maersk CEO Vincent Clerc on his company’s job cuts.

The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.

Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.

Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.

Cargo volumes showed mixed results for Gulf Coast ports in September, with Houston reporting container declines, New Orleans seeing gains and Corpus Christi getting a boost from crude oil shipments.

“The table is set to scale up as demand increases,” said Port of LA Executive Director Gene Seroka.

The Prince Rupert Port Authority is starting construction on a project that will increase rail-to-container transloading at the Canadian port, particularly for agricultural, forestry and plastic resin products.

Soy Transportation Coalition director says farmers diverting product from weak export market.

“We look forward to a moderate rebound in cargo volume through the end of the year,” said Port of Long Beach CEO Mario Cordero.

Officials from Nexxiot and Deloitte talk with FreightWaves in this Q&A about how combining data on container movements and a container’s financial streams can help ward off illicit trade.

Cosco earned more than $800 million in the third quarter, while one analyst expects Zim to lose more than $200 million.

Canadian Pacific Kansas City and CSX are seeking approval from the Surface Transportation Board to acquire some of the assets of short line Meridian & Bigbee Railroad. They plan to beef up an Alabama interchange as part of an effort to create a Mexico-Southeast corridor.

A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.

The Port of Montreal has received funding from Canada’s National Trade Corridors Fund to build a new terminal aimed at boosting the port’s container handling capacity.

The volume of Russian crude exports is growing and the price is rising, spurring the U.S. and its partners to begin sanctions enforcement.