ocean shipping News Updates

U.S. Rep. John Garamendi (D-Calif.) on April 24 introduced the Ocean Shipping Competition Enforcement Act, legislation he says will help the Federal Maritime Commission.

Shipping giant A.P. Moeller-Maersk said in an email to The Associated Press that it filed a claim against Evergreen Marine Corp., the vessel’s Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.

A.P. Moller-Maersk A/S CEO Soren Skou will step down and will be replaced by Vincent Clerc, the current head of the transport giant’s ocean and logistics business.

ORLANDO, Fla. — With an influx of funds expected to exceed $25 billion for rebuilding and expansion, the nation’s coastal and inland facilities are beginning a “golden age,” port leaders say.

The car industry, already grappling with a shortage of semiconductors, is now seeing another source of supply chain concern: a lack of ships.

China has put several cities back into lockdown because of coronavirus, which could disrupt shipments headed for the U.S.

The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.

Transpacific shipping costs have fallen by 53% in the past three months.

Consumers and exporters saw financial turmoil from tumultuous international shipping practices in the past year. But the Port of Vancouver was not impacted like other harbors were.

President Joe Biden on June 16 signed the Ocean Shipping Reform Act, a legislative package designed to bolster the domestic shipping industry, and which drew praise from transportation and business leaders.