container

Ocean Network Express (ONE) and Orient Overseas Container Line (OOCL) plan to boost their refrigerated container capacity ahead of an uptick in seasonal demand for fresh food by year's end. ONE, the container-shipping joint venture of Japan's three largest ocean carriers said it would add 6,000 40...

Rebecca Dye of the Federal Maritime Commission is scheduled to deliver her recommendations to bring clarity and conformity to the U.S. ocean shipping industry's assessment of container demurrage and detention charges to her fellow commissioners on Sept. 3. The recommendations will be presented in...

Shippers Transport Express, an affiliate of the stevedoring firm SSA Marine, has obtained a long-term lease on land it uses as a dray-off yard in the Port of Oakland. The port's commissioners approved a long-term lease and improvements at a 32-acre site in the port through 2033 with Shippers...

Market Expert Henry Byers shows us how maritime traffic is increasing on the east coast. While Market Expert Donny Gilbert talks hot markets for shippers moving refrigerated goods.

The oil tanker industry is nearly 130 years old, having first been developed in 1890 by the founder of Shell. Now the industry may be entering its twilight if, and only if, the world switches to using less oil in the long term, according to Maritime Strategies International. In a report...

When most people think of the Caribbean, they think hammocks strung between rustling palm trees, rum and Coke with more rum than Coke, white-sand beaches, turquoise waters – relaxation. When ocean shipping and terminal executives think of the Caribbean, they see a fierce battleground, a fight for...

Grain transportation came to a screeching halt for weeks after onslaughts of record flooding and round after round of severe storms slammed the nation's heartland in March. The region is finally getting enough of a break from Mother Nature to let barges resume movement up and down the Mississippi...

On January 1, 2020, the sulfur content of fuel used on ocean-going ships, as well as their emissions, will be capped globally at 0.5 percent. Today, just over six months before the deadline, the effect on fleet capacity at sea and on freight rates for cargo shippers is already apparent, according...

Major Chinese parcel and courier companies reported strong revenue growth continuing from the first quarter into May, despite a worsening economic outlook for the country as a whole. China's official GDP annual growth numbers slipped from a high of 6.8 percent in the first quarter of 2018 to 6.4...

Container shipping faces weak summer demand as trade related uncertainties keep pressure on freight rates. The Freightos Baltic Global Container Index (SONAR: FBX.GLBL) ended June 21 at $1,307 per forty-foot equivalent unit (FEU), down from $1,362 per FEU at the start of June. One of the biggest...

The Port Authority of New York and New Jersey said this week that it is ready to be the second largest port in the U.S., thanks to the completion of the ExpressRail Port Jersey facility at the GCT Bayonne marine terminal. The Port Authority said in a none-too-subtle way that it "bolstered its...

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Freight rates and shipping charter rates are on the upswing in certain segments of the ocean transport market. For ship owners who have suffered through years at break-even or below, it's a welcome reprieve, for however long it lasts. In the spotlight this week are larger bulk carriers carrying...

China experienced growth of 4.9 percent in the box throughput of its top  45 coastal ports in the first quarter 2019 compared to the same period in 2018, according to the Ministry of Transport. China's coastal box throughput in the first quarter stood at 53.79 million twenty-foot...

Abundant vessel space and weak transportation rates to and from the United States should not pose a bankruptcy danger to international container ship fleets over the next few years, according to U.S. regulators. During a May 1 meeting at the Federal Maritime Commission (FMC), which oversees the U...