#Maritime Archives - Page 107 of 227 - Maritime Shipping News

No relief from ‘ridiculously expensive’ container shipping rates

29 October 2021

“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

Carriers must move 60K containers out of LA/LB by Halloween

28 October 2021

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

Shippers fear ‘catastrophic’ fallout from ‘crazy’ California port fees

28 October 2021

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

Lawmaker to propose legislation discouraging purchases of Chinese container cranes

27 October 2021

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...

https://www.freightwaves.com/news/lawmaker-to-propose-legislation-discouraging-purchases-of-chinese-container-cranes

FreightWaves Classics: Erie Canal opened 196 years ago

26 October 2021

Along the Erie Canal. (Photo: National Park Service)

This FreightWaves Classics article celebrates the opening of the Erie Canal on this date in 1825. Before giving details about the Erie Canal, though, an overview of North American canals is provided.

Why canals?

A number of successful canals had been built in Europe and Great Britain. Therefore, during the late 1700s and early 1800s, canal construction was considered in order to improve inland transportation in the Northeast and mid-Atlantic areas of the United States. At that time, geography...

https://www.freightwaves.com/news/freightwaves-classics-erie-canal-opened-196-years-ago

Minnesota port ready to handle waterborne international containers

26 October 2021

Want to avoid the crowded Southern California ports? Have you considered Minnesota?

Duluth Seaway Port Authority officials have announced that the Clure Public Marine Terminal now can handle steamship-owned international shipping containers transported by vessel, “in an expansion that will augment existing road- and rail-based intermodal container service under the Duluth Cargo Connect banner.”

The Clure Terminal has been welcoming vessel traffic since it opened in 1958, but over the decades...

https://www.freightwaves.com/news/minnesota-port-ready-to-handle-waterborne-international-containers

Are historically high shipping rates causing consumer price inflation?

26 October 2021

Before coronavirus, there was norovirus. Thousands of cruise passengers fell ill each year. “Cruises from hell” blared headlines alongside eye-catching pictures of giant ships. In fact, the vast majority of people sickened by the bug weren’t infected on cruises, but given the media spotlight, norovirus became widely known as the “cruise virus.”

Now we have more eye-catching pictures of giant ships in the news: this time, images of anchored container vessels stretching to the horizon alongside...

https://www.freightwaves.com/news/are-historically-high-shipping-rates-causing-consumer-price-inflation

Exclusive: Congested Port of LA receiving empty containers from Gulf, Southeast

25 October 2021

American Shipper is reporting another wrinkle facing the Port of Los Angeles as it tries to clear the massive congestion. Thousands of additional empty containers are en route to the Port of Los Angeles from East Coast and Gulf Coast ports.

Over the last couple of weeks, up to 2,000 empty containers originating from the ports of Charleston, South Carolina; Savannah, Georgia; New Orleans and Houston were headed to the Port of Los Angeles to be loaded onto vessels. These containers were...

https://www.freightwaves.com/news/exclusive-congested-port-of-la-receiving-empty-containers-from-gulf-southeast

Import boom side effect: More container-ship accidents in Pacific

24 October 2021

The more stuff people buy, the more ships ply the Pacific Ocean loaded to the brim with containers. Combine rough weather, the occasional human error and way more chances to get it wrong, and you inevitably get more accidents at sea.

A record number of containers fell overboard from ships into the Pacific last winter, coinciding with the import surge. A leading theory on this month’s oil spill off Southern California is that a container ship dragged its anchor over a pipeline during a severe...

https://www.freightwaves.com/news/import-boom-side-effect-more-container-ship-accidents-in-pacific

Viewpoint: The chartering of goods and the return on investment

23 October 2021

This commentary was written by Lori Ann LaRocco. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

By Lori Ann LaRocco

We all know some of the biggest kings in retail have been publicly talking about the contracting of charter vessels. The price is inflated so just like using airfreight, businesses have to justify the expenses. With an all-in of around $7 million, companies need to make sure they will see a return...

https://www.freightwaves.com/news/viewpoint-the-chartering-of-goods-and-the-return-on-investment

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