As the bustling summer season kicks off, labor disputes have disrupted the flow of shipping in the United States. Members of the International Longshore and Warehouse Union have staged protests, resulting in congestion and delays at U.S. West Coast ports, as reported by CNBC. The average wait times for container vessels attempting to enter Los […]
Read MoreDuring fiscal year 2022 (October 1, 2021 – September 30, 2022), the Baltimore Field Office of CBP achieved a significant milestone by intercepting 239 stolen vehicles, surpassing all other CBP field offices nationwide. The total value of these vehicles amounted to nearly $11.5 million. This accomplishment highlights the effectiveness of CBP officers in preventing stolen […]
Read MoreWASHINGTON/LOS ANGELES, June 5 (Reuters) – Major retailers and manufacturers are urging the White House to step in and mediate the labor negotiations at West Coast ports, expressing concerns about potential disruptions to shipping during crucial holiday shopping seasons. This call comes after the closure of the largest terminal at the Port of Long Beach […]
Read MoreThe transportation of hazardous and combustible goods through containers has been on the rise, posing an increasing risk to both container shipping and car carrier vessels. Additionally, the prevalence of Lithium-ion (Li-ion) batteries has added to the potential dangers. Larger vessels now handle these hazardous cargos, amplifying the consequences of fires and resulting in more […]
Read MoreThe world’s 30 busiest container ports saw growth slow in 2022. According to Alphaliner, volumes at the 30 busiest ports rose by less than 1% year-on-year (y/y) to 454 million TEU in 2022. China was the main driver of the gains and, to a lesser extent, the Middle East. China’s top 10 ports achieved […]
Read MoreThe California Air Resources Board has thrown open the door on comments to its proposed Advanced Clean Fleet (ACF) rule, which sees a phaseout of diesel-powered trucks in the state, even as CARB still does not have the waiver it needs to make it a reality. That proposal includes an acceleration of the target for […]
Read MoreLars Jensen, founder and CEO of Vespucci Maritime, has warned that shippers can expect to face carbon surcharges and fewer direct services from carriers in the second half of 2023, as carrier network adjustments to reduce the cost impact of Emissions Trading System (ETS) are implemented. Speaking at the TPM23 conference in Long Beach, Jensen […]
Read MoreGlobal Ocean carriers reached the top of the bullish market in 2022 by realizing high profits largely due to tight capacity and exceptionally high container rates. In fact, analysts at Blue Alpha Capital project that the world’s biggest container lines are on course to post profits in 2022 that will top 2021’s record by 73%. However, […]
Read MoreThe two largest global container lines have mutually agreed to end their vessel-sharing partnership in January 2025. A joint statement by Vincent Clerc, CEO of A. P. Moller – Maersk, and Soren Toft, CEO of MSC, said that discontinuing the vessel-sharing alliance would allow both companies to “pursue their individual strategies”. Consultant Drewry observed […]
Read MorePort of Los Angeles executive director Gene Seroka expects labor negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) will produce a deal by early February next year. “We’ll get through it in the early part of 2023,” Seroka said in an interview. “And then it’s a matter of […]
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