3 Japanese shipping lines merge, will become 6th largest global carrier

Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha cited a struggling market and capacity oversupply as reasons for creating the new joint venture.

By Jennifer McKevitt • Nov. 1, 2016

IMO reaches sulfur cap agreement despite shipping industry's struggles

Reports indicate the regulation could cost the industry up to $40 billion but is a pivotal step to addressing climate change.

By Jennifer McKevitt • Oct. 30, 2016

Hanjin bankruptcy damages add up to $800M, and counting

The sum reflects the damages claimed by terminal operators, but the list of affected companies spreads to logistics companies and shippers as well.

By Jennifer McKevitt • Oct. 28, 2016

CMA CGM proposes APL terminal sale to shave off debt

The move will mainly benefit the French shipping line given its 27 terminals worldwide and upcoming alliance with APL's previous competitors.

By Jennifer McKevitt • Oct. 28, 2016

Suez toll proposal excludes THE Alliance

The Suez Canal Authority reportedly offered Maersk Line, MSC and CMA CGM a 3% credit as an incentive to drive Asia-Europe trade.

By Jennifer McKevitt • Oct. 27, 2016

No designated driver required: Otto and Budweiser pilot self-driving beer truck

The event is hailed as the world's first self-driven short-haul shipment, but leaves several regulatory questions unanswered.

By Jennifer McKevitt • Oct. 26, 2016

Southeast terminal expansion reveals region's bid for dominance

The Port of Savannah and the Port of Charleston will soon compete with the rest of the country for market share, instead of each other.

By Jennifer McKevitt • Oct. 26, 2016

IMF: Bailout of shipping industry will benefit Korea in long run

Corporate restructuring allows companies to weather financial crises, keep jobs in the long-term and repay creditors.

By Jennifer McKevitt • Oct. 25, 2016

Creditors must file Hanjin claims in South Korea immediately

A New Jersey judge recently rejected Ashley Furniture's plea to offset debts to Hanjin with credits suggesting the claim be filed in South Korea instead.

By Jennifer McKevitt • Oct. 24, 2016

Hanjin sale of West Coast terminals signals 2M preference

Maersk Line, MSC and Hyundai Merchant Marine have emerged as likely suitors for Hanjin's assets, showing a potential bid to improve Hyundai's likelihood of entering the alliance.

By Jennifer McKevitt • Oct. 24, 2016

FMC clears Ocean Alliance in first step to launch

If approved in Europe and China, the four carriers will surpass 2M and THE Alliance in shipping capacity.

By Jennifer McKevitt • Oct. 24, 2016

FDOT studying ways to improve intermodal freight on Miami River

Although shipping is struggling financially, ports and states are investing in expansion and technology in preparation for an expected increase in inbound freight.

By Jennifer McKevitt • Oct. 21, 2016

South Korean shipbuilder files for US bankruptcy

STX Offshore, Korea's fourth-largest shipbuilder, is seeking bankruptcy protection to avoid its assets being seized.

By Jennifer McKevitt • Oct. 21, 2016

Has maritime shipping hit rock bottom?

A Drewry analysis suggests the industry will recover by 2019 or 2020, but the industry can still change drastically in that time.

By Jennifer McKevitt • Oct. 20, 2016

Ashley Furniture spars with Hanjin over unfulfilled obligations

A bankruptcy court today will evaluate whether Hanjin has a right to demand payment from Ashley Furniture despite not having completed the shipment.

By Jennifer McKevitt • Oct. 20, 2016

CSX and Norfolk Southern best suitors if Florida East Coast Railway is up for grabs

Sources told Bloomberg that Fortress Investment Group may sell the railroad.

By Edwin Lopez , Jennifer McKevitt • Oct. 17, 2016

Hanjin will sell vessels, US assets within the month

The announcement is part of South Korea's plan to transform the carrier into a regional shipping line.

By Jennifer McKevitt • Oct. 14, 2016

Floodwaters raise rates along critical I-95 corridor

Blocked roads from Savannah, GA to Richmond, VA are forcing heavy losses upon trucking companies.

By Jennifer McKevitt • Oct. 14, 2016

Mitsubishi shipbuilding subsidiary specializes as headwinds strengthen

Decreased demand and heavy losses forced Mitsubishi to turn away from building cargo ships.

By Jennifer McKevitt • Oct. 14, 2016

The FAA has charged Amazon over $800K in hazmat violations

In three years, Amazon has delivered eight improperly filed or packaged items to FedEx or UPS, at times causing personal damage.

By Jennifer McKevitt • Oct. 13, 2016

Ports urge passing infrastructure bill next month

The AAPA's requests to Congress were largely met, but the legislators will not reconvene to negotiate versions until after the presidential election. 

By Jennifer McKevitt • Oct. 12, 2016

No more surprises: Shippers demand carrier transparency after Hanjin debacle

Hanjin's fall from grace left the industry in shock, making financial risk a key differentiator during shipper-carrier negotiations.

By Jennifer McKevitt • Oct. 11, 2016

Aviation industry adopts cap-and-trade at global meeting

The agreement will cost the industry up to $6.2 billion, but is not expected to curb its rapid growth.

By Jennifer McKevitt • Oct. 10, 2016

Hanjin container pile-ups may lead to price surges as ports mull next steps

Large-scale disruptions often have long side effects, but as peak season nears ports are desperate to find ways to clear left-over Hanjin containers.

By Jennifer McKevitt • Oct. 10, 2016

Struggling industry forces China's shipbuilders to consolidate

Beware the warning signs: shipbuilder consolidations signal the industry's turmoil is widespread and may still claim more victims.

By Jennifer McKevitt • Oct. 7, 2016