German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacity and rising transport volumes.The world's fifth biggest operator said net profit climbed to 5…
Congestion and bottlenecks in moving container traffic through the Port of Rotterdam, Europe's largest, are likely to persist through 2022, port officials said on Thursday, potentially weighing on economic recovery after the COVID-19 pandemic…
Wind turbine manufacturer Vestas and shipping giant Maersk have formed a long-term strategic partnership for all containerized transport, including door-to-door transport from the company's suppliers to their factories and service warehouses…
The White House plans to move quickly on a $17 billion revamp of U.S. ports approved by Congress as part of President Joe Biden's $1 trillion infrastructure bill.Biden is due to visit the Port of Baltimore on Wednesday to tout funding for revamping U…
Imports at the United States’ congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers…
Nippon Yusen and Kawasaki Kisen Kaisha, Japan's biggest and third-biggest shipping companies, reported record quarterly profits as they benefited from higher freight rates amid the chaos hitting global supply chains.The logjams and bottlenecks in the world's trade system…
The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes.A broad range of companies importing…
Shipping group CMA CGM has agreed to acquire the Fenix Marine Services (FMS) container terminal at the port of Los Angeles in a deal worth around $2 billion that will extend its presence in a crucial hub for transpacific trade.CMA CGM currently…
The chaos that has bedeviled global supply chains in recent months will extend into next year, with a lack of truck drivers preventing hundreds of container vessels from offloading goods around the world, shipping group Maersk said.“The whole system has become one gigantic bottleneck…
A U.S. trade group representing companies selling luggage, backpacks and other travel products has written President Joe Biden asking that regulations on shipping and other fees be strictly enforced to help bring down the cost of shipping.The Travel Goods Association…
America's top container ports Los Angeles and Long Beach are cracking down on ocean carriers whose containers linger on terminals as clogged U.S. seaports struggle to keep up with record box volumes.Under the new policy, developed in coordination…
Port Manatee in Florida reports its skyrocketing containerized cargo trade continues to rise to record heights – soaring more than 53% in the just-ended fiscal year – while total cargo tonnage moving through the seaport has also reached an all-time high…
Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion that the industry is calling 'containergeddon', according to traders…
Southern California’s Los Angeles and Long Beach ports handle the most ocean cargo of any ports in the United States, but are some of the least efficient in the world, according to a ranking by the World Bank and IHS Markit.In a review of 351 container ports around the globe…
Port Houston recorded its seventh consecutive month of double-digit container volume growth as increased consumer spending continues in the U.S.Container activity for September 2021 was 281,500 TEUs, up 11% compared to the same month last year…