Pursuant to direction from FMC Chairman Michael Khouri, the Federal Maritime Commission has issued letters to the three global carrier alliances (2M, THE, and OCEAN) requiring that certain carrier-specific trade data currently filed with the Commission quarterly…
The future of shipping is here, and it will not surprise industry observers to see Norway in the pole position as autonomous vessels enter commercial operations. Norway has long been on the bleeding edge of shipping innovation. In 2015, the…
The long-established processes and practices associated with bulk commodity shipping present distinct challenges. For cargo owners, they mean a lack of transparency – leading to significant inefficiency and waste. OceanSMART Managing Director…
The Baltic Exchange has today (16 November) launched weekly air freight indices. It has partnered with established Hong Kong based air cargo pricing publisher TAC Index and the new indices include six outbound indices and 13 individual destination baskets…
Carnival Corporation's Costa Cruises brand said its liquefied natural gas (LNG)-powered flagship Costa Smeralda has become he first vessel to bunker LNG in Italy.Carried out in the port of La Spezia and completed at 6 p.m. on Sunday, the operation was supported by the Italian Coast Guard…
Ports are economic engines for the regions they serve, and the impact from business activities at the Port of New York/New Jersey runs as big as the area it serves: 46 million consumers in a four-hour radius. The port is an economic giant in and of itself…
Grappling with slowed business levels caused by the ongoing pandemic, Arkansas' Port of Little Rock reports September was its best month since April of this year.Activity levels at the port's docks increased with 29 barges worked; 21 at the slackwater dock and eight at the river dock…
Coffee traders are struggling to ship cargos out of Brazilian ports because of a shortage of available containers or space in vessels to hold them, according to traders and analysts.Brazil's economy is suffering due to the coronavirus pandemic…
South Africa ranks among the top countries in the world, and first on the African continent, for BSI’s forecasted losses due to cargo theft, according to a report from freight transport insurer TT Club and business improvement company BSI.Historically…
Saab said it has been awarded a contract from the Halifax Port Authority to supply a Port Management Information System (PMIS) to further streamline the Canadian East Coast port's operations by allowing port departments, 80 service providers…
The Port of Virginia’s continual investment in new equipment is helping to build one of the youngest chassis fleets in the U.S., with the average age of chassis in the port’s pool being 3.5 years old.Experts in the field estimate the average…
Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January through…
From October 1, electricity sourced from renewable energy will be used at Yokohama Daikoku C-3 Terminal, which began operations in August as the first finished-car logistics terminal in Japan operated by NYK, in the company’s effort to help…
The cruise industry has certainly been among businesses hardest hit by the economic impacts of COVID-19. But the industry-rocking fallout extends well beyond the cruise lines themselves, extending through cities throughout Florida where canceled…
Trans-Pacific short vs long contract freight rate gap hits record $2,400 per FEUAs the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider…