Sea

Port of Long Beach September Cargo Dips 3.9%

The Port of Long Beach said softening consumer demand and rising prices driven by shifting trade policies led to a 3.9 percent decline in cargo containers in September. Dockworkers and terminal operators moved 797,537 twenty-foot equivalent units (TEUs) of cargo containers last month. Imports decreased 6.9 percent to 388,084 TEUs and exports declined 3.6 percent to 85,081 TEUs. Empty containers inched up to 324,372 TEUs. “Tariffs are impacting how consumers and business ... [+]

Holiday Spending Immune to Tariffs? NRF

U.S. consumers plan to spend US$890.49 per person on average this year on holiday gifts, food, decorations and other seasonal items, according to the National Retail Federation’s annual consumer survey conducted by Prosper Insights & Analytics. The amount is the second-highest in the survey’s 23-year history ... [+]

Port NOLA Studies LIT’s Environmental Impact

Port NOLA recently released the most recent environmental studies related to the Louisiana International Terminal (LIT), located in Violet, Louisiana. Currently, the project is undergoing the federal permitting process with the U.S. Army Corps of Engineers (USACE), with permits anticipated early next year. Once final permits ... [+]

IMO Committee Puts Net-Zero Framework on Hold

The International Maritime Organization (IMO) adjourned the extraordinary session of the Marine Environment Protection Committee (MEPC) on Oct. 17 to consider the adoption of draft amendments to MARPOL Annex VI, including the IMO Net-Zero Framework. The extraordinary session, which convened Oct. 14, will be reconvened in ... [+]

DHL Offers US Import Consolidated Clearance

DHL Global Forwarding, the air and ocean freight specialist of DHL Group, has launched DHL Consolidated Clearance Service for U.S. Imports, a new customs solution tailored to e-commerce and retail businesses. As U.S. tariff policies evolve and regulatory demands intensify, importers – particularly in fast-moving consumer ... [+]

Boxship Recycling Lags 1.8 million TEUs, BIMCO

Container ship owners and operators are extending a pattern of low recycling activity since 2021, as BIMCO estimates a recycling overhang of at least 500 vessels and 1.8 million twenty-foot equivalent units, or TEUS. “So far this year, only 10 container ships have been recycled, said ... [+]

BIMCO Developing Clause for Chinese Port Fees

BIMCO, the Danish shipping association, has begun development of a clause specifically addressing the new fees introduced on Oct. 14 for U.S.-related ships calling at ports in China. The Chinese Ministry of Transport said Oct. 10 that it would impose new “Special Port Fees” on ships ... [+]

UNCTAD’s Rebeca Grynspan – Maritime Transport Enters Uncharted Waters

By Rebeca Grynspan Following is the foreword for the Review of Maritime Transport 2025, written by Grynspan, secretary general of the United Nations Conference on Trade and Development (UNCTAD). Not since the Suez Canal’s closure in 1967 has the industry witnessed such sustained disruption to the arteries ... [+]

US Threatens IMO Countries Voting for Net Zero

The U.S. State Department said it plans to penalize countries that approve and participate in the International Maritime Organization (IMO)’s plan to decarbonize shipping through a carbon fee. The IMO assembled on Oct. 14 to discuss and potentially vote on its Net Zero Framework, or NZF, ... [+]

Trump, EU Trade Agree on 15% Rate on Autos

President Donald Trump formally implemented its U.S. trade agreement with the European Union on Sept. 24, confirming that a 15 percent duty rate for EU autos and auto parts began on Aug. 1 and listing tariff exemptions for generic pharmaceuticals, aircraft and aircraft parts. The Commerce ... [+]

More »