ocean shipping News Updates

Government

Sen. Klobuchar Presses Passage of Shipping Bill

As supply chain woes continue to affect the commercial transportation industry, Sen. Amy Klobuchar called on colleagues to pass legislation meant to facilitate the movement of freight at the nation’s ports.

May 3, 2022
BusinessLogistics

Ports on Both Coasts Set Records in March

Container ports in March were operating at, or near, record levels on the Pacific and Atlantic coasts.

April 20, 2022
GovernmentBusinessLogistics

Warren Says Ocean Freight Alliances Add to Inflation

Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to transport goods around the global economy.

March 25, 2022
GovernmentBusinessLogistics

Biden Calls for Changes to Shipping Act to Improve Competition

President Joe Biden and some members of Congress are calling for ocean carriers to lose their limited antitrust immunity under legislation that has been introduced in the House of Representatives.

March 2, 2022
GovernmentBusinessLogistics

Bulk Shipping Rates Extend Slide on Weak Demand From China

A slowdown in China’s steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from October’s peak.

February 3, 2022
GovernmentBusinessLogistics

Ocean Shipping Rates Driving Inflation, Experts Caution

Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers — and leaving smaller companies and their customers from Spain to Sri Lanka paying more for just about everything.

January 18, 2022
BusinessLogistics

Shanghai Woes: Congestion Grows at World’s Biggest Port

Ships looking to avoid COVID-induced delays in China are making a beeline for Shanghai, causing growing congestion at the world’s biggest container port.

January 13, 2022
BusinessLogistics

Port of Oakland Unveils Plan to Encourage Agriculture Exports, Ramp Up Business

Facing a loss of business to larger container ports in Southern California, the Port of Oakland will permanently expand its agriculture export business beginning March 1.

January 5, 2022
GovernmentBusinessLogistics

British Freight Lobby Slams ‘Profiteering’ in Container Shipping

The British International Freight Association is calling on the U.K. government to investigate the state of competition within the global container-shipping market, as transportation costs remain elevated heading into the third year of the pandemic.

January 5, 2022
BusinessEquipmentLogistics

Supply Chain and Ports Bend but Don’t Break During Holidays

As traditional brick-and-mortar and online retailers reported record holiday shopping numbers, experts say the nation’s transportation sector handled the crush of moving hundreds of millions of packages with relatively little difficulty.

January 4, 2022