Shipping

As California tightens trucking emissions, natural gas seen as most viable in market currently.

Ben Thrower writes about the coming IMO 2020 regulations and its impact on the shipping industry.

The U.S. Federal Maritime Commission does not expect easy answers to the question of how to fairly assess demurrage and detention when Customs and Border Protection holds containers.

The Treasury Department’s Office of Foreign Assets Control identified Moscow-based Maritime Assistance LLC as the head of a “sanctions evasion scheme” to deliver jet fuel to Syria.

U.S. trucking operators, heed this warning from Asia. Maritime experts say that after the IMO 2020 deadline, fuel availability will be uncertain, scrubbers won’t work, stockpiles will “evaporate” and fuel prices will “go through the roof”.

The Federal Maritime Commission approves the ocean container carrier organization’s petition to eliminate publication of essential terms but retains the requirement to file the actual service contracts.

Small tariff increase fails to excite demand as rates reach 2-year lows.

The U.S. Office of Foreign Assets Control said the sanctions do not apply to parent company COSCO Shipping Corp. and other affiliates not involved in the transport of Iranian oil.

The start of the box shipping slack season commences next week when Chinese factories close for the Golden Week holiday. Further spot rate losses are predicted by Alphaliner.

Technology is posed to assist the LTL shipping sector and in some cases, already has.

Four ocean shipping firms and four tankers are added to the Office of Foreign Assets Control’s Specially Designated Nationals List for their roles in supporting Maduro regime.

Shipping equities have suffered through a rough couple of years, but hope persists that market capitalizations and trading volumes can be resuscitated.

Countries around the world are aligning their corporate insolvency regimes with the U.S. system. Lawyers say alignment will benefit the international ocean shipping industry.

At 400 meters in length, the CMA CGM Jacques Saade has capacity for over 23,000 containers.

Port of Long Beach is offering incentive payments to ocean carriers in an effort to stabilize declining cargo volumes.

The U.S. Department of Agriculture agency looks forward to receiving import documentation through Customs and Border Protection’s International Trade Data System.

The shipping giant has teamed up with JDA to boost warehouse and supply chain visibility

Container ships are setting new records, but for all the wrong reasons, as the vessels become an increasingly popular way to smuggle drugs.   As FreightWaves’ Mike King reported, the Maersk Gibraltar, which can carry the equivalent of 5,000 common shipping containers, was the site of the U.K.’s largest drug bust as authorities found about 1.2 […]

Wind technology may be a solution for rail industry.

Getting to Zero Coalition, which includes Maersk Line, calls for “commercially viable zero-emission vessels” to be deployed on deep sea trade by 2030.

The number of containers is a better bellwether of global trade than the number of container ships.

Team of rivals? The competing ports of Los Angeles and Long Beach are looking at additional ways to cooperate for their mutual benefit.

The U.S. Federal Maritime Commission (FMC) issued a proposed rule to promote “just and reasonable” demurrage and detention charges.

The $42.3 million bust is the latest in a string of global maritime drug seizures at sea and in ports.

Forwarder outlines pathway to carbon neutral future as climate change takes on new urgency.

Capital-market sentiment is so bad in New York that ship owners may end up raising more money in Oslo this year.

France, Germany float proposal that would increase USPS charges for handling foreign mail, keep US in UPU

The U.S. Federal Maritime Commission set the new comment deadline for its notice of proposed interpretive rule to address demurrage and detention practices to Oct. 31.

BIMCO says there are “several indications” that goods are being shipped from the Far East to Europe and then transshipped to the U.S. East Coast to avoid tariffs.

Despite sea change in business model, carriers and drivers may want to wait for more clarity.

Academics look at the trade imbalance between the United States and China and weigh in on possible fixes.

FIATA warns that higher air, ocean and trucking fuels costs will be passed directly on to customers.

Blockchain to be deployed by VAKT to smooth the post-trade process

Through the continued development of automated processes, U.S. Customs and Border Protection foresees the day when paper export manifests will no longer be necessary.

In a wide-ranging speech, the deputy director-general of the WTO, Alan Wolff, sets out the challenges and issues for the body. But he’s generally optimistic on the future of world trade.

After several days of dithering in the Philippine Sea, tropical storm Tapah (also called Nimfa) has transformed into a typhoon. It has also started accelerating towards southern Japan and Korea.

Ports, terminal operators and shipping lines are striving to improve the flow of information.

If not enough 0.5% low sulfur fuel is available after Jan. 1. 2020 ships may resort to using more expensive 0.1% sulfur fuel used today in emission control areas.

According to an MSI analyst, a key mainline container trade hardly bumped this summer – and the forward outlook for carriers is less than upbeat.

This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.

Dip Shipping will pay a criminal fine to settle an antitrust violation charge as part of an ongoing U.S. Justice Department forwarder price-fixing investigation.

MOL continues its foray into experimenting with LNG with an innovative LNG-powered tugboat; meanwhile, MOL’s LNG-bunkering business signs deals around the world.

Three marine terminal operators had approached the U.S. Federal Maritime Commission about forming a joint terminal services and stevedoring operation in the ports of Savannah and Charleston.

Customs and trade facilitation chapter supported at CSCMP Edge 2019.

Ship operators who engaged in “reprehensible,” “dishonest and predatory” behavior by forcing crew to work without pay get their ships banned from Australia.

The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part II: the impacts on the crude tanker segment.

The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.

Executive director and governor report volume records and expansion opportunities.

The AgTC asked the U.S. Federal Maritime Commission to extend the comment deadline to Oct. 31, calling the rule “the most relevant and far-reaching initiative taken by the FMC in many years.”

The Express Association of America said additional industry participants in Customs and Border Protection’s Section 321 pilot will “enhance” the agency’s capability to target illicit products.

With oil prices climbing 20%, bunker and BAF costs are expected to follow suit after Saudi drone attacks

IMC Companies added its eighth regional trucking branch with the addition of a new drayage and intermodal provider in the Pacific Northwest, The third-party logistics and intermodal trucking provider said it launched Pacific Drayage Services (PDS) in August, 2019 to provide drayage and warehousing services to customers in the Seattle and Tacoma markets. PDS will […]

Japanese ship owners have called — very, very politely — upon the Panama Canal Authority to give greater consideration to the shipping industry when hiking canal tolls.

Founder and CEO of Farmbox Direct works to eradicate food deserts by shipping fresh fruits and vegetables to consumers.

DB Schenker’s head of Americas says uncertainty arising from events such as the U.S.-China tariff war means shippers will increasingly need to source from multiple countries and adjust inventory.

Data confirms that U.S. importers are increasingly opting to bring Asian cargoes into East Coast ports.

The Port of Brunswick reopens to restricted traffic as the investigation into the capsizing of the car carrier continues.

The Federal Maritime Commission welcomes container shipping industry’s comments on recommendations to bring clarity and fairness to the assessment of demurrage and detention fees.

Tokyo-based ocean ship classification society ClassNK is boosting its cybersecurity capabilities by setting up a cross-sectional team of marine and security experts.

Higher transport costs are a price worth paying to cut carbon emissions, says a U.K. government energy czar. Ship owners beg to differ.

Port of Los Angeles says it would take seven Vietnams to make up for the loss of business from China trade war.

The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”

Georgia Ports Authority touts record volumes and expansion projects during State of the Port event.

Digitalization and automation are increasing the risk of cyberattacks, say intelligence agencies, but many shipping companies are refusing to act.

Yantai Port in northern China and the Brazilian miner Vale have signed a so-called strategic cooperation framework to promote the sale of Vale’s iron ore. It is the second such deal for Vale in recent months.

Larger ships now calling as liner services have to reach Southeast Asia ports for East Coast discharge.

Truck capacity across the English Channel could be cut to 50% for up to three months, resulting in two day queues for drivers.

U.K.-based technology firm sees 2019 as pivotal year for logistics-focused technology.

Two ships trapped in the Port of Brunswick since September 8 when the vehicle carrier Golden Ray capsized, have been allowed to leave, a prelude to a possible reopening of the port.

BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to “double their efforts” to ensure a smooth transition to low-sulfur fuel.

The National Association of Manufacturers wants Capitol Hill lawmakers to pass another long-term extension of the bank’s charter before its Sept. 30 expiration.

China’s Finance Ministry on Sept. 11 announced the first round of exemptions of U.S. goods from Chinese retaliatory tariffs. The exemptions will be effective from Sept. 17 to Sept. 16, 2020. Specifically, the exclusions will cover two lists — one comprising 12 items and another comprising four items.  For the first list, affected import enterprises […]

Dry bulk spot rates have pulled back from recent highs, while trans-Pacific container rates have held their gains.

Future attacks could be far worse than the $10 billion ‘NotPetya’ attack in 2017 that hobbled Maersk and cost FedEx $300 million.

Shippers responded to the last round of tariff increases on imports from China by front loading containers into U.S. ports in July, the National Retail Federation said. After bottoming out this month, the NRF forecasts container volumes will rise in October and peak in November.  July’s volume of 1.96 million twenty-foot equivalent units (TEUs) was […]

Attorney Richard Luthmann received a four-year prison term and was ordered to pay $500,000 in restitution for defrauding businesses in the U.S. and overseas.

Almost all companies required to conduct due diligence to determine the countries of origin for conflict minerals used in their products did so last year, according to a Government Accountability Office (GAO) report released Sept. 9. The relevant Securities and Exchange Commission (SEC) regulation generally requires companies to disclose whether they sourced tin, tantalum, gold […]

Final investment decisions for new global LNG export plants are surging, a negative for future thermal coal demand.

But a failure to secure a no-deal Brexit could scupper their plans to reshore manufacturing.

The Coast Guard said four men trapped inside the hull of the car carrier Golden Ray have been rescued through a hole cut in the bottom of the ship.

More than 24 hours after the car carrier Golden Ray capsized, Coast Guard rescuers have made contact with 4 trapped crewmembers.

A Treasury Department official reaffirmed on Sept. 8 the Trump administration’s denial of temporary waivers that previously allowed countries to import Iranian crude oil under U.N. and U.S. sanctions.

A NAFTA binational antidumping and countervailing duty dispute panel on Sept. 4 issued a decision upholding the U.S. International Trade Commission’s (ITC’s) finding that imports of softwood lumber from Canada are causing adverse impact to U.S. industry, according to a Sept. 5 note from the NAFTA Secretariat. “The panel found that the commission’s finding of […]

Digitalization comes with its share of problems and it is vital for businesses to understand what the technology means before they go ahead and adopt it within their operations.

Healthy container throughput growth suggests they might be.

U.S. ports will see a rush of ships as they reopen, but Bahamas port sees severe damage.

The U.S. container shipping industry is eager to weigh in on recommendations produced and approved by the Federal Maritime Commission that promise to bring clarity and fairness to the assessment of demurrage and detention fees.

CMA CGM expects an even better second half to the year following its acquisition of CEVA Logistics.

According to Euronav, the derivatives market in low sulfur fuel oil is not deep enough to provide a viable IMO 2020 hedge – but it will be soon.

Inspections of a sample of 500 ocean containers found large numbers with misdeclared cargo, improper stowage or placarding.

Freeport Harbor in the Bahamas is open following Hurricane Dorian, but initially is expected to handle self-geared ships.

The U.S. Federal Maritime Commission on Sept. 6 unanimously approved a set of recommendations to bring about fairness in the way demurrage and detention fees are administered by ocean carriers and marine terminal operators against American shippers. Commissioner Rebecca Dye delivered her recommendations to Chairman Michael Khouri and Commissioners Daniel Maffei and Louis Sola for […]

Treasury’s Office of Foreign Assets Control warns that companies providing bunker services must be careful not to violate the Iran sanctions, but there are exceptions.

Vice President Mike Pence on Sept. 5 in London made the case for a post-Brexit U.S.-United Kingdom trade agreement, asserting that such a deal could triple or quadruple bilateral trade. The U.K. was the seventh-largest U.S. trading partner in 2018, when the U.S. exported $66.3 billion worth of goods to the country and imported $60.8 […]

Tanker major Euronav has revealed new details on its strategy to counter IMO 2020 risks.

Maersk and Ports America onboard with app designed to optimize fraught process of picking up boxes.

Delays, diversions and weekend gates as ports get back to normal schedules.

Tech firm will team up with provider of pricing data to container industry to get carriers on time.

A white paper released Sept. 4 by Sen. Bill Cassidy, R-La., raises concern with the ability of the federal government to combat trade-based money laundering (TBML) and suggests that a public distributed ledger system could be used to prevent such money laundering. “There needs to be real-time coordination and reviewable connections between the agency handling […]

Does container shipping have a drug problem? After a string of busts in the U.S. in recent months, attention has now switched to the U.K., where authorities have seized 1,279 kilograms of heroin with a street value of £130 million ($148 million). The drugs were found Aug. 30 by officers from Border Force and the […]