Shipping 10/12

Maersk ship loses 750 containers overboard in Pacific Ocean

icarussmith20

Jan 23, 20213 min read

Maersk ship loses 750 containers overboard in Pacific Ocean

A cargo ship operated by A.P. Moller-Maersk A/S lost several hundred containers in the Pacific Ocean while sailing through heavy seas...

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Royal Caribbean to Sell Azamara Luxury Cruise Line for $201 Million

icarussmith20

Jan 20, 20213 min read

Royal Caribbean to Sell Azamara Luxury Cruise Line for $201 Million

Royal Caribbean RCL +0.09% Group said it is selling its Azamara luxury cruise line for $201 million in cash to private-equity firm...

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Why high shipping rates are a new headwind for global economy

icarussmith20

Jan 14, 20214 min read

Why high shipping rates are a new headwind for global economy

Hong Kong/London: Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to...

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Maersk Sees Little Change in Tight Shipping Supply Near Term

icarussmith20

Jan 13, 20213 min read

Maersk Sees Little Change in Tight Shipping Supply Near Term

SÃO PAULO—Demand for ocean shipping services is likely to remain unusually high and supply will remain tight for some time as shippers...

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Japanese shipping giant partners with marine energy firm to scope hybrid wave and wind projects

icarussmith20

Jan 9, 20212 min read

Japanese shipping giant partners with marine energy firm to scope hybrid wave and wind projects

Mitsui O.S.K. Lines (MOL) is to partner with a company specializing in marine energy to scope for potential project sites in Japan and...

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Carrier platform accelerates path to digitization

icarussmith20

Jan 4, 20212 min read

Carrier platform accelerates path to digitization

Carrier platforms took off this year, as technologists took advantage of opportunities to help small to midsize trucking companies...

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Trans-Pacific shipping rates just popped to new all-time high

icarussmith20

Dec 30, 20203 min read

Trans-Pacific shipping rates just popped to new all-time high

Is this the end of the mysterious trans-Pacific rate plateau? The good news for ocean carriers — and bad news for shippers — is that...

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The real cost of ocean freight out of Asia is hitting 'unbelievable' heights

icarussmith20

Dec 28, 20202 min read

The real cost of ocean freight out of Asia is hitting 'unbelievable' heights

Notwithstanding further rate spikes this week, the Shanghai Containerized Freight Index (SCFI) is still understating the prices shippers...

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Unparalleled volume near holiday adds long delays to shipping

icarussmith20

Dec 23, 20204 min read

Unparalleled volume near holiday adds long delays to shipping

Shipping delays that were foreseen months ago have begun to affect Maine businesses and consumers as Christmas fast approaches, bringing...

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Bottlenecks Wear Down World Economy’s Fleet of Container Ships

icarussmith20

Dec 22, 20204 min read

Bottlenecks Wear Down World Economy’s Fleet of Container Ships

Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest...

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Will the boom in shipping last after the pandemic?

icarussmith20

Dec 20, 20201 min read

Will the boom in shipping last after the pandemic?

Shipping company FedEx will announce its latest quarterly figures after markets close Thursday. It’s been quite a year for the business...

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International shipping startup raises $12M series A

icarussmith20

Dec 19, 20202 min read

International shipping startup raises $12M series A

Passport, a technology startup that helps brands with all aspects of cross-border shipping, announced on Thursday it has raised $12...

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Pete Buttigieg: The right man for transportation?

icarussmith20

Dec 18, 20203 min read

Pete Buttigieg: The right man for transportation?

After his dark horse run for the Democratic presidential ticket earlier in the year, Pete Buttigieg became a household name beyond the...

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The robot that could help make the shipping industry greener

icarussmith20

Dec 17, 20203 min read

The robot that could help make the shipping industry greener

When a ship sails through the sea, barnacles, mussels, algae, and other organisms stick to the hull of the vessel. This process is called...

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COVID blamed for bottlenecks at world's busiest ports

icarussmith20

Dec 16, 20204 min read

COVID blamed for bottlenecks at world's busiest ports

By Nik Martin As global trade recovers, shipping and air freight capacity is in short supply, in some cases threatening Christmas...

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Maritime asks Washington for $3.5 billion and vaccine priority

icarussmith20

Dec 15, 20203 min read

Maritime asks Washington for $3.5 billion and vaccine priority

By Nick Blenkey American maritime and supply chain trade associations and organizations last week sent letters to Secretary of the...

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Ag shippers feel pain from lack of ocean containers

icarussmith20

Dec 10, 20203 min read

Ag shippers feel pain from lack of ocean containers

A perfect storm of container unavailability, labor shortages and lack of chassis and warehouse space is wreaking havoc for U.S....

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More than 1,900 shipping containers lost near Hawaii, some containing 'dangerous goods'

icarussmith20

Dec 8, 20202 min read

More than 1,900 shipping containers lost near Hawaii, some containing 'dangerous goods'

The U.S. Coast Guard has cautioned sailors around Hawaii after more than 1,900 shipping containers fell off a Japanese-flagged ship last...

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China trade surplus hits record $75B as Nov exports soar

icarussmith20

Dec 7, 20202 min read

China trade surplus hits record $75B as Nov exports soar

BEIJING (AP) — China’s politically sensitive trade surplus soared to a record $75.4 billion in November as exports surged 21.1% over a...

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Shipping halted as freighter remains aground in Detroit River

icarussmith20

Dec 3, 20203 min read

Shipping halted as freighter remains aground in Detroit River

A freighter ran aground early Wednesday in the lower Detroit River near Grosse Ile causing a vessel attempting to avoid it to hit bottom...

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