Surgical masks and other items have been found washing up onto Australian beaches Tuesday after the Singapore-flagged APL England lost at least 40 containers overboard in heavy seas off the coast of Sydney.The medical supplies have been found on shores between Magenta Beach and The Entrance…
A Singapore-flagged containership lost at least 40 containers overboard in heavy seas off the coast of Sydney, the Australian Maritime Safety Authority (AMSA) said.Just after 6:10 a.m. Sunday, the APL England experienced a temporary loss of propulsion and began rolling heavily…
Throughout April, container shipping spot freight rates on the back-haul trade from North Europe to China were higher than those on the front-haul trade from China to North Europe. This is a rare occurrence that has developed in the wake of…
The World Trade Organization (WTO) said on Wednesday its goods trade indicator fell to the lowest level since its launch, indicating global trade was likely to fall “precipitously” in the first half of 2020 due to disruptions caused by COVID-19…
Florida International Terminal announced Justin Weir has been appointed as the port's new General Manager.Weir has over 20 years’ experience in the industry, including previous roles in New Jersey and Los Angeles, where he has been in charge of business performance…
German container liner Hapag-Lloyd on Friday stuck with its full-year earnings guidance but warned that supply disruptions and weaker demand due to the coronavirus crisis may lead to a revision of its forecast in the second half of 2020.The number five in worldwide container shipping…
Monthly cargo volumes at Port Houston declined in April as the coronavirus outbreak continued to impact commerce in the U.S. and across the world.Port Houston, the 6th largest container port in the U.S., handled a total of 221,540 twenty-foot equivalent units (TEUs) in April…
Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to bolster its cash position during the coronavirus pandemic, which has hammered international trade.The loan…
Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.The crisis has thrown the container shipping trade off…
The Port of Oakland reported 'better than expected' cargo volumes in April, but port officials say they are expecting volumes to decline in the months ahead as ships cancel visits due to reduced demand brought on by the coronavirus pandemic…
The Port of New York and New Jersey experienced a 4.1% decrease in March container volume compared to March 2019, the Port Authority of NY & NJ said. March cargo volumes were 560,830 TEUs, compared to 585,098 TEUs in March 2019.Throughout the month…
Cargo volume at the Port of Los Angeles is down 15.5% so far this year as the novel coronavirus upends economies around the globe, Gene Seroka, executive director of the busiest U.S. seaport, said on a webcast on Wednesday.April volume was down 6…
On April 28, 2020, the Federal Maritime Commission (FMC) released the long-awaited interpretive rules in Docket No. 19-05 relating to how ocean common carriers may lawfully apply demurrage and detention charges to exporters, importers and ocean transportation intermediaries…
China’s exports and imports are expected to record double-digit declines in April after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains, a Reuters poll showed on Wednesday…
German container line Hapag-Lloyd is to implement cost cuts to take account of the coronavirus crisis, its chief executive Rolf Habben Jansen said on Wednesday.In a call with reporters, he said the Hamburg-based firm, the world's fifth largest shipping operator…