Buttigieg Promotes ‘Green Corridors’ for Ocean Shipping
YOKOHAMA, Japan — An American push to establish “green shipping corridors” is key to reducing carbon emissions from the shipping industry, Transportation Secretary Pete Buttigieg said.
Shipping Lobby Group Advises Caution on Climate Targets
An influential shipping industry group has quietly warned shippers to think carefully before they sign up for a new plan to reduce their contribution to climate change.
House Introduces Ocean Shipping Competition Enforcement Act
U.S. Rep. John Garamendi (D-Calif.) on April 24 introduced the Ocean Shipping Competition Enforcement Act, legislation he says will help the Federal Maritime Commission.
Maersk Suing Evergreen Over 2021 Suez Canal Blockage
Shipping giant A.P. Moeller-Maersk said in an email to The Associated Press that it filed a claim against Evergreen Marine Corp., the vessel’s Japanese owner and its German technical manager in the Danish Maritime and Commercial High Court.
Maersk CEO Soren Skou Leaves, Will Be Replaced by Vincent Clerc
A.P. Moller-Maersk A/S CEO Soren Skou will step down and will be replaced by Vincent Clerc, the current head of the transport giant’s ocean and logistics business.
Port Leaders Optimistic Over Funding, Supply Chain
ORLANDO, Fla. — With an influx of funds expected to exceed $25 billion for rebuilding and expansion, the nation’s coastal and inland facilities are beginning a “golden age,” port leaders say.
Record Ocean Shipping Costs Add to Auto Industry’s Supply Chain Woes
The car industry, already grappling with a shortage of semiconductors, is now seeing another source of supply chain concern: a lack of ships.
China COVID Lockdown Threatens US Trucking Sector
China has put several cities back into lockdown because of coronavirus, which could disrupt shipments headed for the U.S.
Shipping Container Lines Set to Smash Year-Old Profit Record
The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.
Ocean Shipping Rates Begin to Decline
Transpacific shipping costs have fallen by 53% in the past three months.