The price of low-sulfur diesel is expected to surge in the near future as a mandate that cargo ships dramatically cut sulfur emissions takes effect.
October 23, 2019
Business, Logistics
A national flag is seen on the hull of a commercial fishing vessel moored in the harbor in Reykjavik, Iceland (Arnaldur Halldorsson/Bloomberg News)
Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn
A national flag is seen on the hull of a commercial fishing vessel moored in the harbor in Reykjavik, Iceland (Arnaldur Halldorsson/Bloomberg News)
As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.
April 11, 2019
Business, Logistics
Kristian Helgesen/Bloomberg News
Maersk Tests Biofuel as It Sets Sail for 2050 Carbon Neutrality
Kristian Helgesen/Bloomberg News
A.P. Moller-Maersk A/S is about to conduct the shipping industry’s biggest test yet of biofuel as it seeks to cut emissions and meet its target of becoming carbon-neutral by 2050.
March 22, 2019
Business, Logistics
Port of Long Beach (Tim Rue/Bloomberg News)
Yilport Said to Be in Talks for $2 Billion California Terminal
Port of Long Beach (Tim Rue/Bloomberg News)
Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, Calif., a deal that would value the facility at close to $2 billion, people with knowledge of the matter said.
March 22, 2019
Government, Business, Fuel
Getty Images
Shipping Lobby Proposes Phased Start to Historic Fuel Change
Getty Images
The shipping industry is pressing for a phased start when new rules governing vessel fuel take effect in less than 16 months’ time.
September 25, 2018
Business, Equipment
Patrick Fallon/Bloomberg News
Steamship Line Hapag-Lloyd Raises Fees
Patrick Fallon/Bloomberg News
Steamship line Hapag-Lloyd will increase fees to transport freight to the United States and cross-border freight from Canada. Cargo between Canada and the United States will be subject to a carbon tax.
February 20, 2018
Business
Getty Images
Ocean Freight Industry Stabilized in 2017, Freightos Says
Getty Images
The ocean freight industry stabilized in 2017, with rates remaining relatively steady after the turmoil of 2016 from the bankruptcy of Hanjin Shipping Co., according to a report from online freight marketplace Freightos.
January 24, 2018
Business
PortEvergladesFL via YouTube
Port Everglades Sets Record for Cargo Volumes
PortEvergladesFL via YouTube
Florida’s Port Everglades set a record for containerized cargo volumes for fiscal 2017 ending Sept. 30, reporting 1,076,893 TEUs, the standard 20-foot-equivalent container units, a 4% increase from fiscal 2016.
November 6, 2017
Business, Logistics
Port of Los Angeles via YouTube
SoCal Port Turn Times Improve Six Minutes in September
Port of Los Angeles via YouTube
Truck drivers took six fewer minutes to enter and exit the two large Southern California ports last month compared with September 2016, although one year ago, Hanjin Shipping rattled the supply chain when it abruptly shut its doors Aug. 31.
October 18, 2017
Business
David Paul Morris/Bloomberg News
Port of Oakland Poised to Benefit From Trade Pact With China on Rice
David Paul Morris/Bloomberg News
The Port of Oakland believes a new trade pact with China will benefit its export business and provide more opportunities for truckers to haul rice to export overseas
August 7, 2017Pages
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