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Blockchain on Verge of Revolutionizing Shipping Industry
Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still...
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Stormy Sailing Expected When Cargo Ship Fuel Standard Changes
A surge in demand is coming for diesel and related fuels as shipping companies close in on a deadline to reduce sulfur emissions.Hapag-Lloyd AG
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Cosco Shipping to Sell $947 Million of Orient Overseas Shares
Cosco Shipping Holding Co. plans to sell as much as HK$7.43 billion ($947 million) of shares in Orient Overseas International as part of efforts by China’s biggest container-shipping line to maintain...
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World’s Biggest Shipping Market Booms as Trade War Shrugged Off
Will somebody please tell commodity shippers there’s a trade war going on?Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller...
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Cosco Clears US Hurdle on Orient Overseas With Wharf Sale
Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas...
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Great Lakes Shipping Supports 237,00 Jobs, Study Finds
A new study found that Great Lakes shipping to ports such as the Port of Indiana-Burns Harbor and the Port of Chicago on the South Sides pumps $25.6 billion into the economy and supports 237,000 jobs,...
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Rare Hedge Fund Bet Targets the World’s Biggest Shipping Firm
A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds.For years, there’s been no speculation against Maersk...
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Shipping Companies’ Expansion in Hawaii Could Go Bust for Some
When an established maritime company announced tentative plans last month to start a new domestic shipping line in 2020 to serve Hawaii, it said such service would provide “market stability.” But...
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Trump Waives Jones Act to Speed Up Aid Shipments to Puerto Rico
President Donald Trump ordered the Jones Act to be waived for shipments to hurricane-ravaged Puerto Rico immediately at the request of Governor Ricardo Rossello, White House press secretary Sarah...
View ArticleOpinion: The 2017 Capacity Crisis: Past Lessons, Current Advice
Trucks are harder to find and more expensive than ever.In late September, FTR and Truckstop.com reported load availability was up 110% over 2016. By mid-October, DAT reported the van load-to-truck...
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Shipping Billionaires are in a High Seas ‘Arms Race’
A shopping spree by two billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity.Jacques Saade’s CMA CGM SA, the world’s third-largest container...
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Soaring Global Freight Costs Expected to Squeeze Traders, Boost Food Prices
It’s getting more expensive to transport commodities around the world, threatening to squeeze profits for global traders and raise food prices.The Baltic Dry Index, a benchmark of shipping rates,...
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Shipping Costs are Surging Globally
The cost of moving pretty much every dry-bulk commodity — from fertilizer to salt to rocks — has surged since July, lifting the London-based Baltic Exchange’s main freight gauge to its highest in...
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UPS Says Deliveries Are Back to Normal After Shopping Surge
United Parcel Service Inc. says it’s gotten deliveries under control after a surge of online shopping caused some delays following Thanksgiving.Transit times are back to normal, the world’s largest...
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Greek Shipper Bets $1 Billion on Fuel Rule Upending World Trade
A Greek shipowner is predicting new rules for marine fuel will put thousands of the world’s merchant vessels out of business in the next two years, roiling global trade. In fact, he’s wagering $1.1...
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Blockchain on Verge of Revolutionizing Shipping Industry
Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still...
View ArticleClik here to view.
Stormy Sailing Expected When Cargo Ship Fuel Standard Changes
A surge in demand is coming for diesel and related fuels as shipping companies close in on a deadline to reduce sulfur emissions.Hapag-Lloyd AG
View ArticleClik here to view.
Cosco Shipping to Sell $947 Million of Orient Overseas Shares
Cosco Shipping Holding Co. plans to sell as much as HK$7.43 billion ($947 million) of shares in Orient Overseas International as part of efforts by China’s biggest container-shipping line to maintain...
View ArticleClik here to view.
World’s Biggest Shipping Market Booms as Trade War Shrugged Off
Will somebody please tell commodity shippers there’s a trade war going on?Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller...
View ArticleClik here to view.
Cosco Clears US Hurdle on Orient Overseas With Wharf Sale
Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas...
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