Government, Business, Logistics

Egypt Seizes Ever Given Pending $900 Million Compensation

The Ever Given containership along the Suez Canal in March Tug boats pull the Ever Given containership along the Suez Canal after being freed from the canal bank in Suez, Egypt, on March 29. (Islam Safwat/Bloomberg News)

Egypt seized the giant container vessel that blocked the Suez Canal last month as part of an effort to get more than $900 million in compensation.

April 14, 2021

Learn How CRST Is Taking a Custom Approach to Transportation

CRST Webinar Art

Stream Date: April 1, 2021. CRST has been working hard since 1955 to deliver superior service to our customers. The clear effort to bring together a multitude of services under our enterprise umbrella will greatly benefit our customers and provide more career opportunities for our drivers.

April 1, 2021
Business, Logistics

Maersk Can’t Find Enough Women to Pursue Top Jobs

A Maersk truck transports a shipping container A Maersk truck transports a shipping container in the APM shipping terminal at the Port of Los Angeles in Los Angeles. (Patrick T. Fallon/Bloomberg News)

The chairman of A.P. Moller-Maersk A/S, Jim Hagemann Snabe, said it is proving difficult to get enough women to apply for top management jobs at the world’s biggest container-shipping company.

Christian Wienberg | Bloomberg News
March 23, 2021
Business, Logistics

Big Ships Snag Unusual Loads as Dry Bulk Market Tightens

Oakland A containership at the Port of Oakland. (Port of Oakland)

Shipments of timber and grain are being loaded onto a class of ship normally reserved for other cargo as strong demand to move commodities causes dislocations to the supply of vessels.

Krystal Chia and Ann Koh | Bloomberg News
March 22, 2021
Government, Business, Equipment

Frothy Cargo Market Spurs Vessel Owners to Flip Ships

containership Containerships in Hamburg, Germany. (lbrix/Getty Images)

Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.

Alaric Nightingale | Bloomberg News
March 3, 2021
Business, Safety

US Dockworkers May Get Better Vaccine Access

Vaccine A drive-thru COVID-19 vaccination site at the Long Beach Convention Center in Long Beach, Calif. (Bing Guan/Bloomberg News)

Dockworkers at the busiest U.S. gateway for trade with Asia soon may have better access to coronavirus vaccines, as officials on the West Coast battle congestion blamed on shortages of labor and equipment needed to handle a record influx of cargo.

Brendan Murray | Bloomberg News
February 8, 2021
Government, Business, Logistics

Surging Shipping Rates Pose New Headwind for Global Economy

Shipping containers sit next to gantry cranes at the Yangshan Deepwater Port in Shanghai, China, on Jan. 11. Shipping containers sit next to gantry cranes at the Yangshan Deepwater Port in Shanghai, China, on Jan. 11. (Qilai Shen/Bloomberg News)

Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020.

January 14, 2021
Government, Business, Logistics

Veteran CEO Says Global Shipping’s ‘Perfect Storm’ to Pass

A container terminal in Hong Kong on Feb. 20. A container terminal in Hong Kong on Feb. 20. (Paul Yeung/Bloomberg News)

The global shipping industry has run into very rough waters in 2020 as the virus crisis that has engulfed China and roiled commodity markets added to headwinds from a seasonal slowdown and poor weather. One chief executive who oversees a fleet of 55 vessels says there’ll be a comeback.

Krystal Chia | Bloomberg News
February 21, 2020
Government, Business, Logistics Stock Soars on Forecast Improvement

Stamps Luke Sharrett/Bloomberg News Inc. shares surged Aug. 8 after the company raised the midpoint of its yearly forecast, easing some investors’ worst fears.

Cristin Flanagan | Bloomberg News
August 9, 2019
Business, Technology, Logistics

Shopify Sets Up Fulfillment Network in US, Just Like Amazon

Shopify point-of-sale technology The new Shopify point-of-sale system. (Business Wire)

Shopify Inc. plans to spend $1 billion to set up a network of fulfillment centers in the United States to help merchants using its e-commerce platform deliver products more quickly and cheaply, much the way does.

Paula Sambo | Bloomberg News
Simran Jagdev | Bloomberg News
June 19, 2019