ocean shipping

Business, Logistics

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.

Ragnhildur Sigurdardottir | Bloomberg News
April 11, 2019
Business, Logistics

Maersk Tests Biofuel as It Sets Sail for 2050 Carbon Neutrality

maersk 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.

Christian Wienberg | Bloomberg News
March 22, 2019
Business, Logistics

Yilport Said to Be in Talks for $2 Billion California Terminal

Port 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.

Bloomberg News
March 22, 2019
Government, Business, Fuel

Shipping Lobby Proposes Phased Start to Historic Fuel Change

A cargo ship spews black smoke 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.

Bloomberg News
September 25, 2018
Business, Equipment

Steamship Line Hapag-Lloyd Raises Fees

Hapag-Lloyd ship at Port of Los Angeles 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.

Transport Topics
February 20, 2018

Ocean Freight Industry Stabilized in 2017, Freightos Says

Freight Ship 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.

Ari Ashe | Staff Reporter
January 24, 2018

Port Everglades Sets Record for Cargo Volumes

Port Everglades 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.

Transport Topics
November 6, 2017
Business, Logistics

SoCal Port Turn Times Improve Six Minutes in September

Port of Los Angeles 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.

Ari Ashe | Staff Reporter
October 18, 2017

Port of Oakland Poised to Benefit From Trade Pact With China on Rice

Containership 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

Transport Topics
August 7, 2017

Cathay Pacific to Buy Out Partner DHL’s 40% Stake in Cargo Unit

DHL cargo venture montoya711/Flickr

Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program.

Kyunghee Park | Bloomberg News
July 7, 2017