Container slots sell out, risking holiday ‘shipageddon’

container terminal

“The ships are 100% full. The containers are 100% full. You can’t get a container built. You can’t pick up a ship from the spot market. The whole container-shipping cycle is at absolutely full pulse,” exclaimed Jeremy Nixon, CEO of Ocean Network Express (ONE), the world’s fifth-largest container line.

October’s ocean container market as “unbelievable,” said Nixon during an International Chamber of Shipping (ICS) virtual event last week. “We are sold out,” he revealed.

“Our job now is to keep the...

Flexport: ‘What we want is predictability and stability, not just dirt cheap rates’

Flexport has told customers it welcomes the newfound riches of the shipping lines – and that the “last thing” the industry needs is another box line bankruptcy.
At a customer event last week, chief executive Ryan Petersen said: “The shipping lines are finally turning a profit, and they built these huge expensive ships, so let’s not get too upset.
“It’s a relatively competitive market – less than it was, but it’s still …

The post Flexport: ‘What we want is predictability and stability, not just...

Cargo levels remain below 2019 at keyl European, Asian airports

Aerial view of Amsterdam Airport terminals with planes.

Three major cargo airports in Asia and Europe continue to lose volume because of the paucity of passenger flights during the coronavirus pandemic, but the situation is marginally better than in early summer. 

Hong Kong International Airport, the largest cargo airport in the world, has gradually increased freight volumes since the bottom of the COVID crisis earlier this year, but September volumes slipped slightly from the prior month. The Hong Kong Airport Authority said cargo tonnage fell 4.4%...

Port of Oakland sets imports record, sees exports climb

The Port of Oakland reported that it had achieved its best September ever for import cargo volume. The 93,916 twenty-foot equivalent units (TEUs) handily beat a monthly record set in 2019 of 84,901 TEUs. 

Containerized import volume in September also jumped 10.6% from the same month in 2019. 

The return of demand for imports following the height of the coronavirus has spurred record volumes at a number of U.S. ports, including the Port of Los Angeles, which also had its best September ever


USS Theodore Roosevelt Sailors Test Positive for COVID-19 While Underway

The aircraft carrier USS Theodore Roosevelt (CVN 71) participates in dual carrier operations, June 23, 2020. US Navy photo.

At least two sailors from the crew of carrier USS Theodore Roosevelt (CVN-71) have been flown of the ship after testing positive for COVID-19 on Thursday, USNI News has learned.

According to Navy officials, the sailors had self-reported symptoms, tested positive for the virus and were flown off the ship in line with the Navy’s revised procedures to stem outbreaks.


Rovinescu to retire as Air Canada CEO in February

Portrait photo of Air Canada CEO Calin Rovinescu

Calin Rovinescu will retire on Feb. 21 after nearly 12 years as CEO of Air Canada (TSX: AC), the airline announced Friday. It named Deputy CEO and CFO Michael Rousseau to replace him.

Rovinescu is highly regarded as a top airline chief for having saved Air Canada from bankruptcy and setting it up for sustainable profitability, better labor relations and improved customer service. 

Since taking the helm in 2009, revenues and passenger traffic hit records and Air Canada’s share price experienced...