Cybercriminals have attempted to sell network access to multiple transportation, logistics and shipping companies in recent months, highlighting the risk of devastating ransomware attacks in the supply chain, a new report warns.
Intel 471, a cybercrime intelligence firm, observed seven instances since July of brokers advertising network credentials or other types of network access. The companies affected consist of a Japanese container shipping provider, a U.S. transportation management and...
The COVID-era freight boom has accelerated the transformation of Maersk from a shipping line into a one-stop, end-to-end global logistics shop.
Maersk has used extreme market conditions to bring more ocean customers into long-term — and increasingly multi-year — contracts. Simultaneously, it has deployed windfall profits toward non-ocean acquisitions. On Tuesday, Maersk announced its latest purchase: Germany freight forwarder and airfreight specialist Senator International.
“The pandemic is...
Punitive charges that went into effect Monday at the Port of Los Angeles for containers left on the docks too long are a last resort to help shippers retrieve urgent cargo trapped under a massive backlog, said Executive Director Gene Seroka at Friday’s emergency Harbor Commission meeting. He implored large companies that don’t need products right away, and have overflowing warehouses, to find alternative storage in the region so small businesses can get orders they need to survive.
“There is no...
The Port of Los Angeles Harbor Commission on Friday unanimously approved a plan to penalize ocean carriers with a $100 surcharge, compounding daily, for containers that sit too long on marine terminals in an effort to clear backlogs that are preventing vessels from unloading cargo.
Executive Director Gene Seroka said the California Association of Port Authorities on Thursday voted to support the joint effort by the ports of Los Angeles and Long Beach, providing legal cover to add the fee to the...
The surprise decision by the ports of Los Angeles and Long Beach this week to impose hefty surcharges on ocean carriers that take too long removing containers from overcrowded terminals has raised more questions than answers. Freight industry professionals — and the Federal Maritime Commission — want to know where the twin ports are getting the authority to levy the surcharges.
Port officials announced the fees on Monday and the two harbor commissions will vote to approve them on Friday, but...
https://www.freightwaves.com/news/fmc-waits-for-details-on-california-port-surcharges
Port authorities in Los Angeles and Long Beach plan to start assessing and collecting late fees on loaded import containers that remain on the docks for extended periods as soon as Nov. 15. The information was disclosed in agendas for emergency meetings of the respective harbor commissions on Friday.
The boards will vote on plans submitted by port staff to charge ocean carriers $100 per day, increasing in $100 increments per container per day, for containers scheduled to move locally by truck...
https://www.freightwaves.com/news/socal-ports-could-fine-carriers-for-tardy-containers-by-nov-15
“Cost of shipping between the U.S. and China plunges” blared a headline in early October, citing a reported halving of rates in a matter of days. Was this the beginning of the end of sky-high trans-Pacific shipping costs, the onset of the correction importers have been waiting for?
Turns out it wasn’t.
Spot rates for U.S. importers may have temporarily peaked, but they remain exceptionally high, with no sign of a true plunge. Some indexes do show a moderate pullback, others very little or none at...
https://www.freightwaves.com/news/hope-fades-for-relief-from-ridiculously-expensive-shipping-rates
Halloween is going to be an extra scary day for the logistics world. A total of 60,000 containers have been marked as beyond the dwell time and need to be moved out of the ports of Los Angeles and Long Beach by the carriers or the penalties will start racking up. A total of 33,000 containers need to be rolled out of the Port of Los Angeles and 27,000 loaded containers for the Port of Long Beach — a whopping $2,633,940,000 value in trade.
Carriers were put on notice this week when the ports...
https://www.freightwaves.com/news/carriers-must-move-60k-containers-out-of-la-lb-by-halloween
The cure is worse than the disease, say critics of an emergency plan of the ports of Los Angeles and Long Beach backed by the Biden administration. If you think port congestion is bad now, just wait for what comes next.
On Wednesday, two days after the ports of Los Angeles and Long Beach announced a surprise emergency fee for containers lingering too long at terminals, the National Shippers Advisory Council (NSAC) held its inaugural meeting.
NSAC, created to advise the Federal Maritime...
https://www.freightwaves.com/news/shippers-fear-catastrophic-fallout-from-crazy-california-port-fees
A Florida lawmaker plans to propose legislation aimed at disincentivizing the purchase of Chinese container gantry cranes by port authorities and terminal operators, saying the cranes pose a cyberthreat to U.S. supply chains.
Speaking on Tuesday during a Capitol Hill hearing on maritime cybersecurity, Republican U.S. Rep. Carlos Gimenez, whose district is south of the Port of Miami, said he is concerned about software embedded in cranes purchased by the port from China that could include malware...