shipping News Updates

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.

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.

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.

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.

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.

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.

Stamps.com Inc. shares surged Aug. 8 after the company raised the midpoint of its yearly forecast, easing some investors’ worst fears.

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 Amazon.com does.

Suspected attacks on two commercial vessels near the Strait of Hormuz fueled expectations for higher shipping rates, driving up shares of companies that operate tankers.

Six months before ocean vessels will be required to burn low-sulfur fuel, such as diesel used in trucks, a U.S. Department of Commerce advisory committee disclosed recommendations to mitigate potential fuel shortages and price spikes.