#Maritime

Shippers take to the sky as ocean congestion grows

Chart of the Week:  Inbound Ocean TEU Index – USA, Transportation Air Cargo Index – Hong Kong to North America SONAR: IOTI.USA, AIRUSD.HKGNOA

Supply chains have fractured under the weight of recent import demand, forcing shippers like Peloton (NASDAQ: PTON) to find pricier alternatives in order to not miss their window of opportunity. Judging from FreightWaves’ new Inbound Ocean TEU Volume Index (IOTI) and the recent Transportation Air Cargo Index (AIRUSD), that is not the only company choosing...

https://s29755.pcdn.co/news/shippers-take-to-the-sky-as-ocean-congestion-grows

Among Piers: APM Terminals Elizabeth converts to green energy

APM Terminals Elizabeth at the Port of New York and New Jersey last month began using green power, an initiative that is expected to reduce carbon dioxide emissions by 45% this year.

APM Terminals Elizabeth said in a press release that it had “embarked on a decarbonizing plan in 2016 as part of a multiyear effort to reduce energy consumption through improved efficiency, equipment upgrades and electrification to reduce emissions and create a safer, cleaner working environment for employees.” 

The...

https://s29755.pcdn.co/news/among-piers:-apm-terminals-elizabeth-converts-to-green-energy

Containerization pioneer Chris Kritikos dies at 95

Christos “Chris” Kritikos, hailed as a pioneer from the golden era of containerization, died Jan. 31. He was 95 years old.

“Our industry has lost one of its most memorable and unique individuals,” said Thomas J. Simmers, past president and CEO of Ceres Terminals Inc. “He was a colorful soul full of ambition and drive and the nerve to pull his vision off.

“Using his progressive vision and outsized personality, Chris built a small Chicago-based startup company into one of the leading stevedoring...

https://www.freightwaves.com/news/containerization-pioneer-chris-kritikos-dies-at-95

Transmission: Some imports from major battery supplier of Ford EV F-150 banned

Here’s what’s cookin’ today in Transmission:

  • No more innovating for SK Innovation
  • Savannah adds port capacity to address growing demand
  • Industry news

No more innovating for SK Innovation 

On Wednesday, the U.S. International Trade Commission (ITC) ruled against SK Innovation Co Ltd. (SK), based out of South Korea, for stealing battery trade secrets from rival LG Chem. Both companies are based out of South Korea.

The punishment? SK Innovation can’t import some of its battery products and...

https://s29755.pcdn.co/news/transmission-some-imports-from-major-battery-supplier-of-ford-ev-f-150-banned

156 Lena Gothberg, Host and Producer, Shipping Podcast

Welcome to a short and sweet solo episode with Lena Gothberg, the Host and Producer of the Shipping Podcast.

It’s the 156th episode of the Shipping Podcast, and I guide you through the audio jungle of how to listen to a podcast. She recommends the Overcast app but has suggestions to both iOs and Android users.

Please sign up for the Shipping Podcast newsletter and help grow the audience. Also, spread the word about the Shipping Podcast to everyone that you meet. I aim for the top-lists, so more...

https://shippingpodcast.com/156-lena-gothberg-host-and-producer-shipping-podcast/

Vehicle handling steers JAXPORT to cargo gain

The Jacksonville Port Authority (JAXPORT) provided evidence the global automobile manufacturing industry is recovering from the economic crash it suffered as a result of the COVID-19 pandemic, reporting its vehicle volumes grew 7% year-over-year in its first fiscal quarter.

The 185,513 vehicles moved between Oct. 1 and Dec. 31 marked the second-busiest quarter for the automotive sector in the Jacksonville, Florida, port’s history.

JAXPORT’s fiscal year began Oct. 1. The strong demand for vehicles...

https://www.freightwaves.com/news/vehicle-handling-steers-jaxport-to-cargo-gain

New video shows massive scope of California box-ship traffic jam

california video

Newly released U.S. Coast Guard video offers visceral proof of just how extreme the congestion has become at the ports of Los Angeles and Long Beach. The new view from above reveals a vast armada of container ships scattered at anchor across California’s San Pedro Bay.

As the Coast Guard footage paints the picture, the latest data from the Port of Los Angeles and from the Marine Exchange of...

https://s29755.pcdn.co/news/new-video-shows-massive-scope-of-california-box-ship-traffic-jam

Shares of ocean carrier ZIM jump 64% after ‘abysmal’ debut

Zim container ship

After years of failed attempts, ocean carrier ZIM finally went public on Jan. 28, pricing an IPO and listing on the New York Stock Exchange (NYSE). At first blush, its debut looked like an embarrassing flop. The IPO had to be downsized. Shares immediately plunged. But just two weeks later, ZIM (NYSE: ZIM) is riding high.

The IPO was priced at $15 per share, below the $16-$19 per share target range. Then it got worse: Shares collapsed all the way to $11.38 within hours of being listed.

Since then,...

https://www.freightwaves.com/news/shares-of-ocean-carrier-zim-jump-64-after-abysmal-debut

Global supply chains choke under tsunami of freight

A big container ship stacked with boxes next to the wharf with big cranes and containers stacked on land.

With global supply chains buckling under huge order volumes and a confluence of disruptive forces, shippers should prepare for 2021 to be a perpetual peak season across all transport modes, logistics experts warn.

Competition for freight space is so fierce that companies will need to pay exorbitant premiums to get on planes and vessels and apply more flexible shipping methods to avoid delays.

And the unusual move to keep factories open during the long Chinese New Year holiday means freight...

https://www.freightwaves.com/news/global-supply-chains-choke-under-tsunami-of-freight

Viewpoint: Container congestion may now impact Easter

Port of Los Angeles

Christmas trees should be packed away by now, but U.S. importers may still be waiting for their holiday packages — and the impact likely will be felt for another big holiday: Easter.

Historic volumes at the nation’s ports have knotted the flow of trade so badly that containers filled with December’s holiday items still are being processed through the ports, according to data and analysis from ImportGenius.

“Based on the analysis of roughly 75,000 U.S. import records from August 2017 to present,...

https://s29755.pcdn.co/news/viewpoint-container-congestion-may-now-impact-easter

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