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Average container market spot rates from Far East increased 4.3 percent the week of Sept. 18 into both the U.S. East Coast (US$2,374 per 40-foot equivalent units) and West Coast (US$3,317 per FEU), said Xeneta, the freight rate benchmarking and market analytics platform.
Prior to the latest uptick, spot rates had been softening from a significant spike on Sept. 1, when average spot rates increased 13.5 percent into the East Coast ...
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GEODIS and Hapag-Lloyd launched a real-time Contract Application Programing Interface (API) that directly connects the ocean carrier ‘s pricing platform to GEODIS’ global rate database.This new integration delivers instant access to about 75 percent more rates than before, cutting processing time from up to five ...
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U.S. Transportation Secretary Sean P. Duffy said three new administrators were confirmed Sept. 18 by the GOP-led U.S. Senate, part of an en bloc to dodge the formal conformation process that properly vets qualified administrators.
Instead the Senate confirmed roughly four-dozen nominees in an en bloc ...
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The St. Bernard Port, Harbor and Terminal District has released its annual report for 2025, a report that highlights the accomplishments and progress the port has made.
The report’s theme, Impact through Innovation, touches on the various changes in the maritime industry and the port's ability ...
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GEODIS has created a new department dedicated to artificial intelligence, which is chaired by Marie-Christine Lombard, who will be supported by David-Olivier Tarac, executive vice president, artificial intelligence; and Carole Besnard as chief financial officer.
GEODIS confirmed its intention to make artificial intelligence a key part ...
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American Trucking Associations voiced its “strong support” for the Forum Accountability and Integrity in Roadway (FAIR) Trucking Act that would end the abusive practice of “forum shopping” by giving federal courts jurisdiction over consequential cases involving interstate trucking.
Forum shopping is a tactic commonly employed by ...
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Product tanker newbuilding contracts in the first eight months of the year dropped 86 percent year-over-year to 2 million deadweight tonnes, representing a nine-year low, said BIMCO Shipping Analysis Manager Filipe Gouveia.
The development marks a stark reversal from the boom seen in 2023 and 2024. ...
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Hapag-Lloyd and Shell Western LNG B.V. (Shell) have signed a multi-year agreement for the supply of liquefied biomethane starting with immediate effect. The agreement builds on a strategic collaboration established in 2023 to accelerate the decarbonization of alternative marine fuels.
Biomethane, also known as Bio-LNG, plays ...
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In October 2018, LNG Canada made a final investment decision to build its liquefied natural gas, or LNG, export facility in Kitimat, British Columbia, the largest energy investment in Canadian history.
The LNG export facility – the first of its kind in Canada– facilitates the safe ...
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deugro, the freight forwarding and project logistics giant, and partners put to work its newest roll-on/roll-off vessel, the Rotra Futura, when it delivered wind turbine blades from Denmark to the U.S., shortly after beginning operations this past summer.
The project supply vessel, specifically designed to handle ...
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