The Russian invasion of Ukraine this week has caused uncertainty not just for the energy markets but also for global agricultural trade.
The port chaos cocktail: Mix 12 months of container bottlenecks with contentious contract talks for dockworkers.
Break bulk cargo with commodities of plywood, steel and rubber boosted volumes at U.S. Gulf Coast ports in January.
The Biden administration has outlined 62 policy initiatives affecting trucking, rail, and maritime in a one-year vulnerability assessment.
The International Chamber of Shipping issued a warning of the human capital component — Ukrainian and Russian seafarers are now locked out.
The railroad says it is taking steps to grow capacity, both on its network and in places where more volumes need to push through, such as Charleston, South Carolina.
There are now more container ships waiting off East and Gulf Coast ports than there are off Los Angeles/Long Beach.
Several trade and transport groups claim ocean carriers should lose special antitrust privileges and face stricter regulatory enforcement of shipping laws.
The Biden administration announces $450 million in port-expansion grants.
Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.
Expeditors announced its earnings while it is in the midst of a cyberattack.
“Partnering with Bunker Holding will accelerate the marine industry adoption of biodiesel to achieve aggressive carbon reduction goals,” said Bob Kenyon, senior vice president of sales and marketing at REG.
Volkswagen Group has not said how many vehicles are on the Felicity Ace or the breakdown of the models, although it has been reported they included 2022 Porsche Boxster Spyders as well as Audis, Bentleys and Lamborghinis.
Some big ports are import focused. The Port of Oakland is a big export port. It is trying to restore the traditional import/export balance.
U.S. export lobbyist Peter Friedmann discusses setbacks and progress made by shippers as they struggle to maintain market share overseas.
Port Houston’s steel cargo exports recorded a 1,874% year-over-year increase.
“Efforts to successfully move aging cargo out of shipping terminals” improve the picture at California’s San Pedro Bay ports.
CEO Rodolphe Saadé said CMA CGM “will transform the Beirut port’s container terminal into a state-of-the-art facility that meets the best international standards.”
The more ocean shipping is in the news, the more attention it gets from tech founders and investors.
Of 18 companies that Friend of the Sea evaluated, it identified Hapag-Lloyd as “the international shipping company most committed to minimizing the risk of whale ship strikes.”
