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Pete Buttigieg Is Confirmed as Biden’s Transportation Secretary
WASHINGTON — The Senate on Tuesday confirmed Pete Buttigieg, a former mayor of South Bend, Ind., and a 2020 Democratic presidential...
icarussmith20
Feb 3, 20214 min read


Ship Operators Seek Calmer U.S. Trade Waters Under Biden
The global shipping industry is hoping that President Biden’s “America is back” declaration means the U.S. is returning to free-trade...
icarussmith20
Jan 29, 20215 min read


Shipping carriers rejected tons of US agricultural exports, opting to send empty containers to China
Shipping carriers rejected U.S. agricultural export containers worth hundreds of millions of dollars during October and November, instead...
icarussmith20
Jan 27, 20218 min read


Coronavirus: Seafarers stuck at sea ‘a humanitarian crisis’
The fate of more than 200,000 seafarers who play a crucial role in keeping global trade flowing is being labelled a "humanitarian crisis...
icarussmith20
Jan 26, 20212 min read


An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%
SINGAPORE — A critical shortage of containers is driving up shipping costs and delays for goods purchased from China. The pandemic and...
icarussmith20
Jan 25, 20214 min read


Maersk ship loses 750 containers overboard in Pacific Ocean
A cargo ship operated by A.P. Moller-Maersk A/S lost several hundred containers in the Pacific Ocean while sailing through heavy seas...
icarussmith20
Jan 23, 20213 min read


Royal Caribbean to Sell Azamara Luxury Cruise Line for $201 Million
Royal Caribbean RCL +0.09% Group said it is selling its Azamara luxury cruise line for $201 million in cash to private-equity firm...
icarussmith20
Jan 20, 20213 min read


Why high shipping rates are a new headwind for global economy
Hong Kong/London: Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to...
icarussmith20
Jan 14, 20214 min read


Maersk Sees Little Change in Tight Shipping Supply Near Term
SÃO PAULO—Demand for ocean shipping services is likely to remain unusually high and supply will remain tight for some time as shippers...
icarussmith20
Jan 13, 20213 min read


Japanese shipping giant partners with marine energy firm to scope hybrid wave and wind projects
Mitsui O.S.K. Lines (MOL) is to partner with a company specializing in marine energy to scope for potential project sites in Japan and...
icarussmith20
Jan 9, 20212 min read


Carrier platform accelerates path to digitization
Carrier platforms took off this year, as technologists took advantage of opportunities to help small to midsize trucking companies...
icarussmith20
Jan 4, 20212 min read


Trans-Pacific shipping rates just popped to new all-time high
Is this the end of the mysterious trans-Pacific rate plateau? The good news for ocean carriers — and bad news for shippers — is that...
icarussmith20
Dec 30, 20203 min read


The real cost of ocean freight out of Asia is hitting 'unbelievable' heights
Notwithstanding further rate spikes this week, the Shanghai Containerized Freight Index (SCFI) is still understating the prices shippers...
icarussmith20
Dec 28, 20202 min read


Unparalleled volume near holiday adds long delays to shipping
Shipping delays that were foreseen months ago have begun to affect Maine businesses and consumers as Christmas fast approaches, bringing...
icarussmith20
Dec 23, 20204 min read


Bottlenecks Wear Down World Economy’s Fleet of Container Ships
Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest...
icarussmith20
Dec 22, 20204 min read


Will the boom in shipping last after the pandemic?
Shipping company FedEx will announce its latest quarterly figures after markets close Thursday. It’s been quite a year for the business...
icarussmith20
Dec 20, 20201 min read


International shipping startup raises $12M series A
Passport, a technology startup that helps brands with all aspects of cross-border shipping, announced on Thursday it has raised $12...
icarussmith20
Dec 19, 20202 min read


Pete Buttigieg: The right man for transportation?
After his dark horse run for the Democratic presidential ticket earlier in the year, Pete Buttigieg became a household name beyond the...
icarussmith20
Dec 18, 20203 min read


The robot that could help make the shipping industry greener
When a ship sails through the sea, barnacles, mussels, algae, and other organisms stick to the hull of the vessel. This process is called...
icarussmith20
Dec 17, 20203 min read


COVID blamed for bottlenecks at world's busiest ports
By Nik Martin As global trade recovers, shipping and air freight capacity is in short supply, in some cases threatening Christmas...
icarussmith20
Dec 16, 20204 min read
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