Ship we don’t talk about — contracts edition
Shippers should lock in certainty with airtight ocean carrier contracts that ward off surcharges.
Shippers should lock in certainty with airtight ocean carrier contracts that ward off surcharges.
The World Shipping Council has named Joe Kramek its next president and CEO. He will replace John Butler, who plans to retire in July.
Crews recovered the body of a fourth victim this week who died after the Francis Scott Key Bridge collapsed when it was struck by the Dali, a cargo ship just minutes into its voyage.
The Port of Los Angeles recently opened a promenade, giving nearby Wilmington residents unprecedented access to the waterfront.
The Federal Maritime Commission suggests that requiring better data could lead to less congestion and fewer container storage fees.
The end of Panama’s dry season is in sight, and the Panama Canal Authority plans to welcome more vessels in the coming weeks.
The East and Gulf Coast ports continue to take market share from the largest West Coast ports, which had a challenging March.
Xeneta data reveals that ocean spot rates have not reacted significantly to the Baltimore bridge collapse, despite the disruption to supply chains on the East Coast.
The first data paints a mixed picture of how trucks and ships are diverting away from Baltimore in the wake of the Key Bridge collapse.
Ship recycling has fallen to its lowest level in 20 years, per a recent report by the Baltic and International Maritime Council.
Federal regulators are bracing for a surge in container late fee complaints as ocean carriers and shippers process alternate routing options following the collapse of the Francis Scott Key Bridge.
A key ocean container spot rate benchmark dropped nearly 18% this week.
Grace Ocean and Synergy Marine, the companies that own and manage the cargo ship that brought down the Francis Scott Key Bridge, want a federal court to limit their liability in the deadly disaster.
New technology and processes in supply chains have helped make the industry more resilient — but not enough to withstand every possible disruption.
If China and Russia find the Houthi problem in the Red Sea as intractable as the U.S. and its allies have, it would all but halt what little maritime traffic remains in the region.
The Francis Scott Key Bridge collapse in Baltimore wasn’t the first time a bridge crumbled after being struck by a ship or boat.
Ports in New Orleans and Corpus Christi, Texas, recorded year-over-year increases in cargo volumes in February.
An unusually warm and dry winter might herald drought conditions in key areas of the Mississippi River Basin over the coming months.
The MV Dali container ship that caused the collapse of the Francis Scott Key Bridge in Baltimore was involved in a collision in 2016.
Divers recovered the bodies of two men who died when the Francis Scott Key Bridge collapsed early Tuesday morning after a cargo ship crashed into it.
The Port of Baltimore’s indefinite closure could cost the state of Maryland as much as $1 billion in total value of goods and services, analysts say.
“The whole bridge just fell down!” an officer said on an emergency call as authorities raced to close the Francis Scott Key Bridge just before it was struck by a container ship.
The collapse of Baltimore’s Francis Scott Key Bridge could significantly disrupt supply chains as shippers and carriers scramble to relocate shipping services to other East Coast ports.
President Joe Biden said he’s not waiting on foreign ship companies before getting the Port of Baltimore up and running.
Around 1:30 a.m. Tuesday, the Dali, a Singapore-flagged ship, smashed into the bridge.
Early Tuesday, a container ship collision with the Francis Scott Key Bridge in Baltimore caused a major collapse, leading to a halt in port operations and creating severe traffic disruptions.
Chinese trade flow into Mexico is helping to build up the latter’s manufacturing capabilities, which is a long-term positive for the U.S.
The Port of Virginia recently completed a project to widen its ship channel for ultralarge container vessel traffic.
Port Houston reported strong imports after a soft January as general cargo tonnage represented nearly 40% of total import tonnage in the month.
Foremost Group CEO Angela Chao was intoxicated when she reversed into a pond and drowned at her Texas ranch on Feb. 11, according to authorities.
Legislation approved by the House gives the Federal Maritime Commission more power to investigate potential container market manipulation by China.
Will shippers pull forward freight to avoid East Coast port labor disputes?
The Biden administration is getting a clearer picture of freight flow changes with new data from inland intermodal hubs.
Longer routes and bottlenecks are expected to have a larger ripple effect on the supply chain as a whole as volumes continue to tick up and disruptions show no sign of abating.
In 2023, the Port of New Orleans achieved a record-breaking year for its container-on-barge service, emphasizing its commitment to reducing emissions.
Venture Global LNG is building a large fleet of liquefied natural gas-powered vessels, amid numerous legal fights.
The closely watched International Energy Agency analysis of oil supply and demand is seeing consumption growing in part because of shipping diversions.
Georgia is paying $6 million toward a $17.45 million Port of Brunswick harbor improvement project, which includes more warehousing and roll-on/roll-off storage.
ZPMC’s cranes appear to be part of a global digital surveillance effort on the part of the Chinese.
Descartes’ monthly report shows strong February container imports, but March and April volumes appear less certain.
The initial shock factor is waning and ocean spot rates are losing momentum across the globe.
Ports across Mexico moved 728,116 twenty-foot equivalent units during January, a 20% year-over-year increase.
Intermodal at Savannah posted its strongest February ever.
Rates are still high and ships are still rerouting, but global supply chains appear to be adjusting to restricted Red Sea trade.
Houthis, the Lunar New Year, drought in the Panama Canal, an impending potential strike and the upcoming election mean rough seas in 2024. Here’s how shippers can protect themselves.
The CEO of the Port of Long Beach boss cited restocking ahead of the Lunar New Year as the driver for import growth in January.
Ports in Houston and New Orleans recorded year-over-year increases in cargo volumes during January, while Corpus Christi, Texas, saw a slight decline.
Shippers say a new Federal Maritime Commission rule meant to make billing more transparent will instead cause them more headaches.
Spot rates are back above breakeven and Zim’s costs are falling.
Multiple looming factors in maritime could impact the upcoming contract season, boosting capacity at the ports of Los Angeles and Long Beach.
Dockworkers are fully prepared to swap pallet jacks for picket signs come October.
Regulators have imposed new billing standards on ocean carriers that shippers consider a “major step” toward eliminating abuse.
A new report from venture capital firm UP.Partners takes a look at the impact of the freight recession and new developments in the industry.
Georgia Ports Authority said it handled 428,000 containers and 65,400 roll-on, roll-off units in January.
Following 15 months of challenges, U.S. ports are once again experiencing substantial growth in inbound containers.
New cyber-risk requirements for container terminal owners and operators are part of a major maritime cybersecurity initiative announced by the White House.
Expeditors makes less money than it did five years ago.
Spot-exposed carriers are likely to see a boost to their Q1 2024 financials.
Volume data at Expeditors suggests that the year-on-year decline is slowing from where it was earlier in 2023.
DeliverDirect serves various industries, including retail, pharmaceuticals, manufacturing and related sectors.
A recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates.
The Georgia Ports Authority sets export record in 2023; the Alabama Port Authority and CSX partner to launch an intermodal facility; and the Port of Cleveland receives $32 million for upgrades.
The crisis in the Red Sea will require companies to start planning for peak season in the next few months.
Port director Gene Seroka cited replenishing inventory and consumer spending as drivers of growth.
Angela Chao, CEO of global shipping firm Foremost Group and Mitch McConnell’s sister-in-law, died in a car accident.
Houthiville and Mother-in-law Nature are making international logistics a visit to the eyeball surgeon before modern painkiller.
How do you spend $41 billion without buying more ships?
Despite concerns about the impact of international tensions on global trade, shipyards are flooded with orders.
A rise in Chinese imports indicates seasonal trends are playing out as usual, very much unlike 2023’s anemic performance.
Hopes for a significant rebound in Panama Canal water levels to boost throughput will likely be met with a harsh reality over the next few months.
Tankers and bulk vessels continue to avoid conflict in the Red Sea, at increasing rates, according to new data from Lloyd’s List Intelligence.
Lower inventories in the U.S. are pulling freight into the country.
Georgia Ports Authority announced plans to construct a $29 million overpass to keep trucks away from neighborhoods in Savannah.
If the Fed is deterred from cutting interest rates, freight demand could tumble just as carriers start regaining pricing power.
A recent round of U.S. and British strikes raise fresh questions about the impact of container shipping in the Red Sea.
Seacor Holdings continues to pare down its shipping sector assets, most recently selling off its Caribbean container business.
Houthi attacks and Red Sea diversions will not spur inflation or a new supply chain crisis, claims consultancy Drewry.
Retailers and ocean carriers assess the possible effects in the U.S. if supply chain disruptions in the Middle East continue.
The Russia-Ukraine war led to enduring changes in shipping routes. War in the Middle East looks likely to do the same.
Ports in Corpus Christi, Texas, and New Orleans recorded year-over-year increases in cargo volumes, while Port Houston saw a slight decline in 2023.
Spot rates remain very high, but appear to have plateaued. The question ahead: Will they fall back after Chinese New Year?
Mexico’s Isthmus of Tehuantepec rail corridor could complement container movements along the Panama Canal.
As many are predicting another shift in the second half of the year, the co-founder of Sifted has advice for both carriers and shippers moving into 2024.
The initial effect of Houthi attacks was on containerized consumer goods. The attacks are now snarling seaborne fuel flows.
The Port of New Orleans has received a $226 million federal grant to complete the $1.8 billion Louisiana International Terminal on the lower Mississippi.
Amid the focus on wars in Europe and the Middle East, North Korea’s threat to key exporting and shipbuilding nations grows.
Monthly canal transits are now much lower than they were in 2015, the year before the Neopanamax locks went into operation.
Container lines faced overcapacity and huge losses in 2024. Then the Houthis flipped the market in favor of container lines.
Container-ship diversions from the Red Sea will likely last for months. Are large-scale tanker diversions imminent?
ITS Logistics is entering this digital arena with its container management and visibility platform ContainerAI.
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
Houthi attacks have been a plus for shipping rates. The latest to benefit: Owners of container vessels that can be rented to shipping lines.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
Two crew members died and another was injured after an early morning fire aboard a container ship at Port Houston.
project44 has consistently worked to bring greater transparency and visibility to the ocean sector, launching a suite of solutions powered by AI and machine learning.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
As the Houthis disrupt Red Sea trade, we’re seeing how fragile our supply chains are (again).
Red Sea escalation would juice tanker rates, but rates would fall if the conflict spilled into the Strait of Hormuz.
U.S. imports kept chugging along, despite all the talk of supply chain problems due to Red Sea attacks and Panama’s drought.