#Maritime

FreightWaves Flashback: LA/Long Beach set records

FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to [email protected].

The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of...

https://www.freightwaves.com/news/freightwaves-flashback-la-long-beach-set-records

FreightWaves Classics: America’s commercial shipbuilding industry is nearly gone

container ships

The history of the American shipbuilding industry goes back to before the Revolutionary War. The United States is blessed with three extensive coastlines, as well as numerous ports and harbors that have been the sites of shipbuilding companies for more than 250 years. 

Although it is no longer true, at one time in the not too distant past the U.S. commercial shipbuilding industry led the world in quality and output. 

This article will focus on the U.S. merchant shipbuilding industry in the 20th...

https://www.freightwaves.com/news/freightwaves-classics-americas-commercial-shipbuilding-industry-is-nearly-gone

Aluminum-air battery innovator wins spot in Yara Marine X program

Yara Marine X accelerator program chose Phoenician Energy for its aluminum-air battery innovations.

Phoenician Energy’s aluminum-air batteries won a place in Yara Marine X’s accelerator program for startups working for greener shipping, Yara Marine X announced recently. 

Yara Marine Technologies is headquartered in Oslo, Norway, and has offices in Sweden, China and Singapore. The company’s goal since being founded in 2010 is to enable a greener maritime industry through technology such as high-quality scrubber systems.

The six-month accelerator program is tailored to give Phoenician Energy the...

https://www.freightwaves.com/news/aluminum-air-battery-innovator-wins-spot-in-yara-marine-x-program

COVID outbreak could cripple California container ports

ports workers Los Angeles

Los Angeles County is at the epicenter of the current COVID surge. That county’s Los Angeles/Long Beach port complex is simultaneously at the epicenter of America’s import surge. These two spikes are now converging as hundreds of California dockworkers catch COVID.

The doomsday scenario — COVID-induced terminal closures in California at the very height of the import boom — is generally considered unlikely. But it’s being openly talked about.

“If the catastrophic infection rates continue, there...

https://www.freightwaves.com/news/covid-outbreak-could-cripple-california-container-ports

Maersk Essen loses 750 containers, sails for Mexico

It’s happened again. Hundreds of containers carrying goods such as furniture, fitness equipment and electronics have fallen overboard from a California-bound ship.

This time it was the Maersk Essen en route from Xiamen, China, to the Port of Los Angeles last Saturday when, according to the ocean carrier, the container ship experienced a “rough sea encounter.”

The Danish-flagged Essen, with a capacity of 13,100 twenty-foot equivalent units (TEUs), sails on Maersk’s TP6 Asia-U.S. West Coast...

https://www.freightwaves.com/news/maersk-essen-loses-750-containers-still-sails-for-la

Transportation consultant Joshi named FMCSA deputy administrator

Meera Joshi, a transportation consultant who is an advocate for “data-driven policy and urban planning” according to her LinkedIn profile, has been named deputy administrator at the Federal Motor Carrier Safety Administration (FMCSA), the U.S. Department of Transportation (DOT) announced Thursday.

Joshi takes the reins from Wiley Deck, who had been FMCSA’s Deputy Administrator since Acting Administrator Jim Mullen left the agency in August.

Joshi, who most recently worked as the New York general...

https://www.freightwaves.com/news/transportation-consultant-joshi-named-fmcsa-deputy-administrator

Ocean carrier ZIM fast-tracks IPO, targets $2 billion valuation

ZIM NYSE listing

Israeli ocean carrier ZIM Integrated Shipping Services is striking while the iron is hot and moving fast on its initial public offering (IPO). It plans to price its offering and list its stock on the New York Stock Exchange (NYSE) in just a few days — on Jan. 27. The U.S. investor roadshow is now underway.

According to its newly revised prospectus, ZIM plans to sell 17.5 million shares at a target price of $16-$19 each. Gross proceeds would be $306.5 million at the target-range midpoint ($17.50...

https://www.freightwaves.com/news/zim-fast-tracks-ipo-targets-2-billion-valuation

Port of LA will pay container terminals for efficiency gains

The Port of Los Angeles is willing to pay out $7.5 million to San Pedro Bay container terminals over the next year if they turn trucks faster.

“We see this as an investment in our efficiency,” a port spokesman told American Shipper Wednesday.

The port announced this week that beginning Feb. 1, it will reward container terminals for both improving truck turn times and completing dual transactions.

The port said the incentive program is designed to help move trucks faster and more efficiently...

https://www.freightwaves.com/news/port-of-la-will-pay-container-terminals-for-efficiency-gains

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