A weaker March turned out to be a pre-season tuneup as the port of Los Angeles still managed to play up to the back of its baseball card.
Taxpayers won’t be funding automated container handling at two major West Coast ports.
Hong Kong-based Orient Overseas Container Line saw Q1 profits decline on weaker rates despite higher container volumes.
A bullish Evergreen Marine has finalized an order for 11 ultra-large container ships worth $3 billion with two Asia builders.
CMA CGM and the Ocean Alliance have added a direct container service from China and Asia markets to the Port of Jacksonville.
A growing disconnect between demand and pricing is emerging across freight markets, Flexport says.
The U.S. Army Corps of Engineers has allocated a record $131.8 million to the San Pedro Bay port complex, including $70 million for the Port of Los Angeles, to fund harbor maintenance, safety, and other projects.
Ocean container operations are stable across a global market outside the Middle East amid sharply higher fuel costs and uncertain availability.
A plan to charge ships a toll to cross the Strait of Hormuz could further increase fuel prices; container ships trapped in the Persian Gulf have yet to move after the U.S.-Iran ceasefire.
President Trump wants to increase federal spending for shipbuilding by 242%, to $65.8 billion, for battleships, submarines and other military vessels, according to documents released by the White House on Tuesday.
The chief executive of the Port of Montreal has departed after just two years on the job, amid soaring cost estimates for a major new container terminal project.
Disruption in the Strait of Hormuz forced tens of thousands of vessel route diversions in the first month of the Iran war, indicating a significant and sustained shift in global shipping, according to visibility platform project44.
The Federal Maritime Commission for the second time declined to waive the 30-day waiting period to implement an emergency fuel surcharge Maersk says it urgently needs to recoup rising operating costs.
A key on-dock rail hub at the busiest U.S. port has effectively doubled the terminal’s capacity.
A 5,500-TEU container ship operated by CMA CGM of France marked the first transit by a major ocean line through the Iran-controlled Strait of Hormuz.
U.S. Secretary of State Marco Rubio accused China of ‘bullying’ by detaining dozens of Panama-flagged ships at its ports.
Global repercussions of the Iran war are being felt throughout the supply chain, says an analyst, on sharp increases in ocean container rates.
President Trump is reportedly considering a U.S. withdrawal from the Iranian conflict without re-opening the Strait of Hormuz.
The Federal Maritime Commission said it is closely monitoring retaliation by China against Panama-flagged ships that could compromise the U.S. supply chain.
Hapag-Lloyd’s CEO said that the war in Iran is costing the container carrier $40-$50 million per week for added fuel, insurance and other expenses.
