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Ocean Transportation: Page 103

Carriers Push Back as Biden, Congress Take On Ocean Shipping

President Biden is taking on the concentrated market power of ocean shipping companies, although officials at the agency overseeing the industry indicated they lack any evidence of wrongdoing.

A CMA CGM Group container ship is berthed at the Port of Oakland in Oakland, California. Photo: Port of Oakland.

War Shocks Ripple Across One of the World’s Busiest Trade Lanes

Putin’s assault on Ukraine, and retaliatory steps designed to paralyze the Russian economy, are heaping new disruptions on supply chains that never recovered from unprecedented shocks caused by the pandemic.

Empty dry docks at the Port of Odessa in Odessa, Ukraine. Photo: Andrey Sarymsakov/ Canva.

Logistics Giants Halt Service in Russia, Ukraine

The U.S. and Europe’s biggest logistics firms have halted shipments to Russia, further isolating the country’s businesses and consumers after its military invaded Ukraine.

A DHL cargo plane at the airport. Photo: Getty.

Will West Coast Longshore Labor Talks Stall Again?

U.S. importers and exporters are bracing themselves for the possibility of a strike — or, at the very least, a damaging worker slowdown — by dockworkers at West Coast ports, as management and labor seek accord on a new longshore contract.

Dockworkers move cargo on a container terminal. Photo: Port of Los Angeles.

Omicron Ripping Through Cargo Ships May Exacerbate Shipping Woes

Omicron is ripping through cargo ships, raising concerns that a surge in cases, coupled with China’s tightened quarantine requirements for vessels, could delay supply chain stabilization for the shipping industry.

Crew transfer at Tanjong Pagar Terminal in Singapore. Photo: Bloomberg.

Shipping Rates Resume Rise as Snarls Extend Into Seasonal Lull

Container shipping rates are creeping higher after staying mostly stable this year, a signal that supply strains remain a drag on a global economy now bracing for an energy shock and geopolitical turmoil tied to Russia’s invasion of Ukraine.

A container ship is berthed at the Port of Oakland in Oakland, California. Photo: Port of Oakland.

Narrow Window to Clear Clogged U.S. Port Hinges on Demand Waning

The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union-contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.

Shipping containers in the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

Three Shipping Trends to Watch This Year

The only certainty in logistics is that uncertainty will grow, opening the door to innovative and adaptable companies to emerge as industry leaders.

Photo: Getty.

White House Will Invest $450 Million to Ease Port Congestion

The U.S. Transportation Department is awarding some $450 million in grants for port-related projects to bolster capacity and improve the movement of goods, senior Biden administration officials say.

Container ships berthed at the Port of Los Angeles in Los Angeles, California. Photo: Bloomberg.

Soaring Diesel and Gasoline Prices Are Bleeding Into Shipping

The cost of marine fuel is up 23% since the beginning of the year.

Shipping containers sit on the deck of cargo ship One Crane, docked at the Port of Rotterdam, in Rotterdam, Netherlands. Photo: Bloomberg.

Watch: A Rough Year Ahead for Transportation and Logistics

Juan Cazorla, head of the Transportation and Logistics Specialized Industry Group of Regions Bank, offers both a short-term and long-term outlook for the transportation and logistics industry.

A Rough Year Ahead for Transportation and Logistics

Burning Cargo Ship Drifts in Atlantic With Porsches, Audis Aboard

The Felicity Ace, a massive Panama-flagged cargo ship carrying thousands of Volkswagen Group vehicles, caught fire and was left unmanned.

The 650-foot-long Felicity Ace car carrier caught fire and was abandoned off the coast of the Azores. Photo: Marinha Portuguesa.

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