Category: Shipping

July 25, 2024

Across China, shipyards are expanding and churning out ships on a scale not seen since 2008. The shipyard sector has entered a new golden age after more than a decade’s slump following the global financial crisis. In terms of newbuilding […]

July 19, 2024

Many shipping companies have been hit by today’s outage of Microsoft, one of the biggest IT outages recorded. Multiple global businesses have reported failures of their Windows PCs today caused by a failed software update from antivirus company CrowdStrike. “Unfortunately, […]

July 18, 2024

The series of trials form a part of a larger pilot to develop a framework to provide quality, quantity, and greenhouse gas (GHG) abatement assurances for drop-in fuels. In the final trial, 4,500 MT of B3 marine biofuel blend with […]

July 18, 2024

Port of Los Angeles processed 827,757 TEUs in June, translating to a 10% increase over the previous month and less than 1% compared to last June, which was the port’s best month in 2023. “June was a great month at […]

July 17, 2024

Logistics real estate investment trust Prologis said fewer development starts, a shrinking construction pipeline and “subdued” but “improving” demand will keep industry vacancies from stepping materially higher. Prologis (NYSE: PLD) reported core funds from operations (FFO) of $1.34 per share […]

July 11, 2024

The cost of trucking reached a new all-time high in 2023 at $2.27 per mile, according to an annual report from The American Transportation Research Institute. The increase, though, was less than 1% and subdued by declining fuel costs, which […]

July 11, 2024

The Red Sea crisis has rejuvenated the sales and purchases of container ships as vessel demand soars, according to Alphaliner’s latest report. Some 141 ships of 572,600 TEUs were bought and sold between January and June, an average of 23 […]

July 9, 2024

New analysis from Germany shows the container sector faces the brunt of penalties from the upcoming FuelEU Maritime regulation, the sector likely to account for nearly a third of all payouts. The financial impact of FuelEU Maritime, which comes into […]

July 8, 2024

The CO2 Efficient Transport via Ocean (CETO) joint industry project (JiP) concluded recently with the release of the report setting out the findings of the Technology Qualification performed in the study. CETO was funded by the project partners and Gassonova […]

July 5, 2024

A union proposal seeking to blunt China’s growing dominance in the maritime, logistics and shipbuilding sectors is finding bipartisan support among U.S. Congressional lawmakers, based on remarks made at a recent U.S. House of Representatives committee hearing. The Congressional hearing, […]

July 3, 2024

Making appointments to pick up loads had been a difficult task to automate, but Qued software has helped save R.E. Garrison roughly 60 hours in staff time during its first two months of use, according to the release. Qued’s software […]

June 21, 2024

US congressional lawmakers continue to ramp up efforts to scrutinize the nation’s use of shipping containers produced by China, with US House Representative and South Dakota Republican Dusty Johnson including a provision in the latest defense bill calling for Congress […]

June 20, 2024

While percent changes in this area have remained negative, the most recent monthly data suggested further stability. But despite positive changes, such as May payroll jobs figures, market challenges still persist, and FTR expects its own trucking conditions index to […]

June 19, 2024

The Northwest Seaport Alliance (NWSA) announced that the total volume has risen by 8.2% since the start of the year, reaching 1,235,446 TEUs, compared to the same period last year. Full imports have seen a 12.5% increase, while full exports […]

June 14, 2024

Shifting trade routes and cancelled voyages resulted in a decline in cargo at the Port of Long Beach in May. Dockworkers and terminal operators handled 695,937 TEUs last month, an 8.2% decrease from May 2023. “I am confident we will […]

June 13, 2024

DHL eCommerce announced recently that it had invested $57.5 million in a new location near the Dallas Fort Worth International Airport. The company, a division of DHL Group, said it had relocated from its previous location in Grand Prairie, Texas […]

June 13, 2024

The Global Port Tracker report, released jointly by the National Retail Federation (NRF) and Hackett Associates, forecasts that monthly inbound cargo volumes at U.S. major container ports will reach their highest levels in nearly two years this summer. According to […]

June 12, 2024

Through an Integrated Marketplace project led by Innovate BC, new zero and low-emission heavy-duty (HDZEV) trucks will be integrated into operations at the Port of Prince Rupert. This initiative aims to reduce greenhouse gas emissions and promote sustainability in British […]

June 12, 2024

Baltimore Port’s shipping channel fully reopened on 10 June, more than two months after Francis Scott Key Bridge collapsed following an allision with box ship Dali. The channel restarted operations after the US Army Corps and US Navy Supervisor of […]

June 11, 2024

The main ship channel to the Port of Baltimore has been fully cleared of debris and was reopened Monday evening, 11 weeks after a cargo ship lost power and struck the Francis Scott Key Bridge. The Fort McHenry Channel had […]