ocean shipping News Updates

BusinessLogisticsGlobal 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鈥檚 Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.

February 13, 2023
BusinessLogisticsGlobal 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鈥檚 ocean and logistics business.

December 12, 2022
BusinessLogistics

Port Leaders Optimistic Over Funding, Supply Chain

ORLANDO, Fla. 鈥 With an influx of funds expected to exceed $25 billion for rebuilding and expansion, the nation鈥檚 coastal and inland facilities are beginning a 鈥済olden age,鈥 port leaders say.

October 19, 2022
BusinessEquipment

Record Ocean Shipping Costs Add to Auto Industry鈥檚 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
BusinessSafetyLogistics

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
BusinessLogisticsGlobal Freight

Shipping Container Lines Set to Smash Year-Old Profit Record

The world鈥檚 biggest container lines are on course to post profits in 2022 that will top last year鈥檚 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
GovernmentBusinessLogistics

Ocean Shipping Rates Begin to Decline

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

July 13, 2022
GovernmentBusinessLogisticsTCA

Ocean Shipping Reform Act Won鈥檛 Benefit Port of Vancouver

Consumers and exporters saw financial turmoil from tumultuous international shipping practices in the past year. But the Port of Vancouver was not impacted like other harbors were.

June 23, 2022
GovernmentBusinessLogistics

Biden Signs Ocean Shipping Reform Act

President Joe Biden on June 16 signed the Ocean Shipping Reform Act, a legislative package designed to bolster the domestic shipping industry, and which drew praise from transportation and business leaders.

June 14, 2022
GovernmentBusinessLogistics

Biden Pushes to Lower Ocean Shipping Costs

WASHINGTON 鈥 President Joe Biden launched a renewed push June 9 to reduce the costs of shipping goods across oceans, a major challenge for retailers that the White House said has pushed up prices as the world emerges from the coronavirus pandemic.

June 9, 2022

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