ocean shipping News Updates

Government, Business, Technology, Logistics

Buttigieg Promotes ‘Green Corridors’ for Ocean Shipping

YOKOHAMA, Japan — An American push to establish “green shipping corridors†is key to reducing carbon emissions from the shipping industry, Transportation Secretary Pete Buttigieg said.

June 20, 2023
Government, Business, Safety, Logistics

Shipping Lobby Group Advises Caution on Climate Targets

An influential shipping industry group has quietly warned shippers to think carefully before they sign up for a new plan to reduce their contribution to climate change.

May 4, 2023
Government, Business, Logistics, TCA

House Introduces Ocean Shipping Competition Enforcement Act

U.S. Rep. John Garamendi (D-Calif.) on April 24 introduced the Ocean Shipping Competition Enforcement Act, legislation he says will help the Federal Maritime Commission.

April 25, 2023
Business, Logistics, Global Freight

Maersk Suing Evergreen Over 2021 Suez Canal Blockage

Shipping giant A.P. Moeller-Maersk said in an email to The Associated Press that it filed a claim against Evergreen Marine Corp., the vessel’s Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.

February 13, 2023
Business, Logistics, Global Freight

Maersk CEO Soren Skou Leaves, Will Be Replaced by Vincent Clerc

A.P. Moller-Maersk A/S CEO Soren Skou will step down and will be replaced by Vincent Clerc, the current head of the transport giant’s ocean and logistics business.

December 12, 2022
Business, Logistics

Port Leaders Optimistic Over Funding, Supply Chain

ORLANDO, Fla. — With an influx of funds expected to exceed $25 billion for rebuilding and expansion, the nation’s coastal and inland facilities are beginning a “golden age,†port leaders say.

October 19, 2022
Business, Equipment

Record Ocean Shipping Costs Add to Auto Industry’s Supply Chain Woes

The car industry, already grappling with a shortage of semiconductors, is now seeing another source of supply chain concern: a lack of ships.

September 21, 2022
Business, Safety, Logistics

China COVID Lockdown Threatens US Trucking Sector

China has put several cities back into lockdown because of coronavirus, which could disrupt shipments headed for the U.S.

September 15, 2022
Business, Logistics, Global Freight

Shipping Container Lines Set to Smash Year-Old Profit Record

The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.

August 9, 2022
Government, Business, Logistics

Ocean Shipping Rates Begin to Decline

Transpacific shipping costs have fallen by 53% in the past three months.

July 13, 2022