Tag: shipping

March 1, 2024

With tight supplies of LNG constraining growth while maintaining prices and price volatility above historic averages, the UK oil major highlights that demand for natural gas has already peaked in some regions but continues to rise globally, after the global […]

March 1, 2024

Utilizing data from Container Trade Statistics (CTS) on the movement of full containers between regions, Sea-Intelligence estimated the corresponding trends in empty container movements. Empty container volumes, when compared to 2019 levels to mitigate the effects of pandemic-related volatility, have […]

February 29, 2024

Port Houston has kicked off the year on a high note, achieving record-breaking total container volumes in January. The month saw a remarkable total of 332,961 TEUs, marking a 4% increase compared to the same period last year. Notably, container […]

February 28, 2024

Transport and logistics provider DHL Group said Tuesday that it has relocated its Norfolk, Virginia, operations to a facility more than twice the size of its prior location. The $7.3 million investment increases shipment capacity and enables faster processing, resulting […]

February 28, 2024

Carriers have faced a range of industry and economic challenges over the past couple of years, forcing many fleets to operate on razor-thin margins. For these companies, the unforeseen maintenance costs and downtime accompanying dead truck batteries could be enough […]

February 27, 2024

It was seven years ago that Matthew Belasco started worrying about the health of students riding the bus at Pittsburg Unified in California. As he watched hundreds of youth pile onto the big yellow vehicles each day, his eyes focused […]

February 26, 2024

Thousands of cars from China’s BYD rolled off a ship in the German port of Bremerhaven on Monday, as the world’s biggest electric carmaker brought its challenge directly to Europe’s auto making powerhouse. The delivery was made by the BYD […]

February 23, 2024

French ocean carrier CMA CGM has announced a revision of the Peak Season Surcharge (PSS) from North Europe to the Mediterranean, Adriatic, Black Sea and North Africa. Effective from 15 March 2024 (loading date) until further notice, the updated surcharge […]

February 23, 2024

With Capesizes leading the way, prices for second-hand bulkers have been rising steadily over the past few months. In its latest weekly report, shipbroker Xclusiv said that “since early October 2023, dry bulk second hand prices have gained momentum. The […]

February 21, 2024

The municipal authority of Saintes Grandes Rives (Charente-Maritime, France) has awarded the contract to operate and maintain the BUSS public transit network to RATP Dev for a period of seven years. The goal of this new contract is to offer […]

February 21, 2024

Maersk is adjusting Peak Season Surcharge (PSS) rates for selected routes effective March 1 to 31 March 2024, to ensure continued global service provision. The changes in the peak season surcharge rates will be applied as follows: Read More on […]

February 21, 2024

The Port of Montreal is delighted by the recent announcement from Transport Canada regarding funding exceeding US$1.9 million through the National Trade Corridors Fund. These grants support two projects aimed at enhancing supply chain efficiency through the utilization of innovative […]

February 20, 2024

The top three carrier expenses are fuel, maintenance and insurance – things that are crucial to the success of a trucking company but that have seen a drastic uptick in cost the past few years. A new law in New […]

February 20, 2024

In 2023, the Port of Prince Rupert handled 23.5 million tonnes of cargo, translating to a decrease of 5% compared to the volumes recorded in the previous year. According to a statement, this marks the third consecutive year of declining […]

February 20, 2024

Through January, cargo traveling through the San Pedro Bay Port complex and destined for local delivery via truck spent an average of 2.89 days at port terminals, translating to a slight uptick from December’s average of 2.69 days. The January […]

February 19, 2024

As nations around the globe continue to grapple with the effects of climate change, the enormous appetite for oil and natural gas is locking horns with the ever-increasing desire to transition away from fossil fuels and move to low-carbon and […]

February 19, 2024

CMB.TECH announces the order of the world’s first ammonia-powered container vessel in partnership with Yara Clean Ammonia, North Sea Container Line and Yara International through a 15-year deal. The vessel, to be named Yara Eyde, is a 1,400 TEU ice-class […]

February 15, 2024

The canal authority has earmarked $8.5 billion for capital investments, and a large chunk of that is intended for decarbonization initiatives, outpacing the massive investment made in previous groundbreaking expansion of the waterway. “We plan to embed sustainability into capital […]

February 14, 2024

Container volumes from ten major Asian countries to the United States reached 1.65 million TEUs in January, marking a 15.6% increase compared to the previous year, while overall US imports amounted to 2.27 million TEUs, showing a 9.9% year-on-year growth. […]

February 13, 2024

The owner of an Ohio trucking company pleaded guilty in federal court to wire fraud, admitting his role in a scheme to overbill shippers and consolidate shipments headed for Amazon warehouses and Bath & Body Works stores. The fraud cost […]