News

01.04.2022

New fee to support zero-emission drayage fleet at LA-LB

With trans-Pacific spot rates over $8,000 per FEU, the additional $10 per TEU clean truck fee is not expected to cause any short-term diversion of cargo […]
01.04.2022

PSA completes terminal deal to become Halifax’s sole operator

PSA will steel smaller ships away from its Atlantic Hub in Halifax to its newly acquired Fairview Cove Container Terminal to the north. Photo credit: Shutterstock.com. […]
01.04.2022

China’s chassis, container role ‘entrenched’ by government: FMC’s Bentzel

The Commerce Department has already assessed hefty tariffs on Chinese-made chassis following a 2020 anti-dumping investigation. Photo credit: Shutterstock.com. US Federal Maritime Commissioner Carl Bentzel has […]
01.04.2022

US East Coast port congestion hindering trans-Atlantic trade

Charleston is currently feeling the brunt of the trans-Atlantic congestion after carriers diverted several services to the port from Savannah last fall. Photo credit: Shutterstock.com. Full […]
01.04.2022

Maersk unit orders wind installation vessel for US projects

An artist’s rendering of wind turbine installation vessel ordered by Maersk Supply Services. Photo credit: Maersk Supply Service. Maersk Supply Service has ordered a new wind […]
01.04.2022

Senate moves generational US shipping reform closer to fruition

Like the House bill, the Senate bill would require container lines to certify that their detention and demurrage fees comply with US shipping laws. Photo credit: […]
31.03.2022

Clearing congestion key to lower ocean rates: McKinsey

Clearing out landside congestion will be key to increasing effective ship supply, McKinsey said. Photo credit: Shutterstock.com. Ongoing uncertainty about the direction of ocean freight rates […]
31.03.2022

Clearing congestion key to lower ocean rates: McKinsey

Clearing out landside congestion will be key to increasing effective ship supply, McKinsey said. Photo credit: Shutterstock.com. Ongoing uncertainty about the direction of ocean freight rates […]
31.03.2022

Lack of equipment spurs rail crisis at West Coast ports

A shortage of intermodal rail assets started in Los Angeles-Long Beach last month and has spread quickly to Oakland and Seattle-Tacoma. Photo credit: Shutterstock.com. Fearing that […]
31.03.2022

Cosco banks $16 billion in ’21 net profit, but warns of market uncertainty

Cosco Shipping joined its peers in producing a highly profitable 2021 annual result. Photo credit: HHLA. Cosco Shipping Holdings Thursday reported 2021 net profits of $16 […]