Why crude-tanker collapse could be long and painful

crude tanker

Chinese water torture is defined as “a painful process in which cold water is slowly dripped onto the scalp, forehead or face for a prolonged period of time, allegedly making the restrained victim insane.”

Crude-tanker owners and investors may face their own version of this ancient torment. Today’s agonizingly low rates could be just the beginning.

The massive floating storage volumes that built up earlier this year are unloading. But very, very slowly. In aggregate, they’re dripping out....


E-commerce gives ship to shore new meaning

The COVID-19 pandemic has changed the way Americans shop. And Jacob Horsely of Cushman & Wakefield believes now that consumers are comfortable ordering on sites from Amazon to Zappos, they won’t go back to brick-and-mortar shopping.

Horsely, the senior director of industrial brokerage services in Cushman & Wakefield’s Jacksonville, Florida, office, said e-commerce grew from roughly 13% to 14% of U.S. retail sales to 18% to 19% in just the past six months. 

“That’s just a huge spike,”...


FMC grants temporary tariff publication relief to CMA CGM


The U.S. Federal Maritime Commission (FMC) voted on Tuesday to grant the temporary relief from certain service contract and tariff filing requirements requested by French ocean container carrier CMA CGM.

The carrier sought relief from commission regulations earlier this month as part of its efforts to respond to a crippling cyberattack on its computer system in late September.

The commissioners granted the request for exemption from relevant service contract filing requirements and relevant...


House Democrats try to claw back COVID aid from cargo airlines

White jets with blue tails, parked at airport, with stormy skies looming.

The third-ranking Democrat in the House of Representatives is asking four cargo airlines to return more than $630 million they received in emergency funding to keep workers from losing their jobs during the coronavirus pandemic, saying they aren’t entitled to the money because cargo business is roaring.

South Carolina Rep. James Clyburn, the majority whip and chairman of the Oversight and Reform select subcommittee on the coronavirus crisis, on Monday wrote Amerijet International, Atlas Air...


Ports of Seattle, Tacoma ride retail replenishment wave

Like other ports around the country, the Northwest Seaport Alliance (NWSA) is seeing an influx of imports as retailers restock inventories depleted during the COVID-19 pandemic and prepare for the holiday season.

The NWSA reported Tuesday it had its best month of 2020 in September and the highest total monthly containerized volume since October 2019.

Full imports, while still down 6.8% year-over-year, reached the highest monthly volume since September 2019, the NWSA said, adding that compared to...


World Shipping Council stays in step with Shipping Act

World Shipping Council

The World Shipping Council (WSC) has filed an agreement with the U.S. Federal Maritime Commission (FMC) to ensure that its continued container shipping advocacy work complies with the 1984 Shipping Act.

WSC submitted the six-page agreement to the agency on Oct. 1. Without objection from the commission, it will become effective Nov. 15.

Since its formation in 2000, the Washington-based WSC has interfaced with governments and advocated positions in regard to laws, policies, rules and regulations of...


Why the A321 converted freighter looks like a hot ticket (with video)

A plain white jet with a new cut-in cargo door outlined in frame takes off. It's an A321 converted freighter on its first test flight.

Questions about whether the new Airbus A321 converted freighter could generate orders and catch up to the Boeing 737-800, which has a three-year head start in the express delivery market, are quickly dissipating.

Aircraft trading and leasing company Vallair announced Tuesday that Miami-based Global Crossing Airlines (GlobalX) has signed a prospective deal to lease 10 converted A321 freighters, with first delivery expected by the third quarter of 2021. All 10 are expected to be in revenue service...


Container return date upheaval by the numbers

ocean container schedules

U.S. agriculture and forest product exporters are counting the ways and dollars it costs them when ocean carriers without warning change the dates for container arrivals at marine terminals.

The Washington-based Agriculture Transportation Coalition (AgTC) and supply chain technology firm TradeLanes recently reached out to hundreds of American shippers to survey the operational and financial impacts of earliest return date (ERD) fluctuations on their businesses.

The AgTC and TradeLanes have...


Port of Brownsville wins grant to expand grain exports

The Port of Brownsville recently received a $14.5 million grant to expand and upgrade the port’s 3 million-bushel grain elevator, including rail and road improvements.

The port is “reclaiming its status as a major exporter of agricultural products” with the grant, said Brownsville Navigation District Chairman John Reed. 

“This grant demonstrates the federal government’s confidence in the Port of Brownsville and its commitment to support all industries across the Rio Grande Valley,” Reed said in a ...


Digitization advocate says time for port call optimization is now

Imagine the fuel and emissions savings if the container shipping industry steered away from the traditional hurry-up-and-wait sailings to just-in-time port calls.

The Digital Container Shipping Association (DCSA) wants to make those savings reality and on Tuesday released its first publication as part of its just-in-time (JIT) port call program.

DCSA said by moving the industry toward a JIT port call process, established standards will enable container ships to optimize their steaming speed,...