US voters approved $201B for transportation projects on Election Day

Infrastructure has been a major talking point this election cycle, which has construction companies optimistic about an increase in future work.

By Emily Peiffer , Jennifer McKevitt • Nov. 11, 2016

South Korea reveals final bidders for Hanjin's assets

One of either Hyundai Merchant Marine or Korea Line will buy Hanjin's Trans-Pacific vessels and ports.

By Jennifer McKevitt • Nov. 11, 2016

Shipper concerns over price-fixing are unfounded, says FMC

Consolidation may increase rates in order to boost carrier solvency, but the practice is not anti-competitive, according to the FMC chairman.

By Jennifer McKevitt • Nov. 9, 2016

Maersk to reduce emissions in cooperation with west coast ports

The ports will provide $1 million, which will be used toward the installation of high-tech equipment to track vessel emissions and energy efficiency.

By Jennifer McKevitt • Nov. 9, 2016

THE Alliance details its 31 services set to launch in April

THE Alliance's network will be the third largest in terms of capacity and service 20 ports within the U.S. and Canada.

By Jennifer McKevitt • Nov. 9, 2016

US ports fear effects of shipping industry consolidation

Ports fear the cost fewer actors and vessels will have on competition and, more importantly, their terminal contracts.

By Jennifer McKevitt • Nov. 8, 2016

Hanjin pledges to remove all empties, freeing much-needed chassis

West Coast ports may soon be rid of the ghost of Hanjin's bankruptcy.

By Jennifer McKevitt • Nov. 7, 2016

Panama Canal to reward ships with low emissions by 2017

The sustainability-based incentive program is another tool used to increase the Panama Canal's market share of trade. 

By Jennifer McKevitt • Nov. 7, 2016

Ocean Alliance details service network

The alliance will service 17 ports in the U.S. and Canada, surpassing 2M's coverage in East-West trades.

By Jennifer McKevitt • Nov. 4, 2016

Although talks stall, PMA and ILWU pledge return to table

The organizations were supposed to meet for two days this week, but cut the negotiations short after a single day. Was it too much, too soon?

By Jennifer McKevitt • Nov. 4, 2016

Legislators urge ILWU, PMA to renew contract early

The congressmen note constituents are still facing repercussions from last year's failed contract negotiations and hope this week's talks yield an optimistic outlook. 

By Edwin Lopez • Nov. 2, 2016

Shipping consolidation is welcome and necessary, per industry leaders

More consolidation is the only way to decrease the shipping overcapacity and shore up industry revenues, according to Maersk, CMA CGM and Drewry.

By Jennifer McKevitt • Nov. 2, 2016

How the Port of Oakland cut 76% of its diesel emissions in 10 years

The Port's experience shows the importance of clear benchmarking, goal-setting and active stakeholder participation for achieving sustainability targets.

By Jennifer McKevitt • Nov. 2, 2016

South Korean shipbuilders receive $9.6B to restructure

The shipping industry has largely set 2020 as the target date for its financial recovery.

By Jennifer McKevitt • Nov. 1, 2016

3 Japanese shipping lines merge, will become 6th largest global carrier

Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha cited a struggling market and capacity oversupply as reasons for creating the new joint venture.

By Jennifer McKevitt • Nov. 1, 2016

IMO reaches sulfur cap agreement despite shipping industry's struggles

Reports indicate the regulation could cost the industry up to $40 billion but is a pivotal step to addressing climate change.

By Jennifer McKevitt • Oct. 30, 2016

Hanjin bankruptcy damages add up to $800M, and counting

The sum reflects the damages claimed by terminal operators, but the list of affected companies spreads to logistics companies and shippers as well.

By Jennifer McKevitt • Oct. 28, 2016

CMA CGM proposes APL terminal sale to shave off debt

The move will mainly benefit the French shipping line given its 27 terminals worldwide and upcoming alliance with APL's previous competitors.

By Jennifer McKevitt • Oct. 28, 2016

Suez toll proposal excludes THE Alliance

The Suez Canal Authority reportedly offered Maersk Line, MSC and CMA CGM a 3% credit as an incentive to drive Asia-Europe trade.

By Jennifer McKevitt • Oct. 27, 2016

No designated driver required: Otto and Budweiser pilot self-driving beer truck

The event is hailed as the world's first self-driven short-haul shipment, but leaves several regulatory questions unanswered.

By Jennifer McKevitt • Oct. 26, 2016

Southeast terminal expansion reveals region's bid for dominance

The Port of Savannah and the Port of Charleston will soon compete with the rest of the country for market share, instead of each other.

By Jennifer McKevitt • Oct. 26, 2016

IMF: Bailout of shipping industry will benefit Korea in long run

Corporate restructuring allows companies to weather financial crises, keep jobs in the long-term and repay creditors.

By Jennifer McKevitt • Oct. 25, 2016

Creditors must file Hanjin claims in South Korea immediately

A New Jersey judge recently rejected Ashley Furniture's plea to offset debts to Hanjin with credits suggesting the claim be filed in South Korea instead.

By Jennifer McKevitt • Oct. 24, 2016

Hanjin sale of West Coast terminals signals 2M preference

Maersk Line, MSC and Hyundai Merchant Marine have emerged as likely suitors for Hanjin's assets, showing a potential bid to improve Hyundai's likelihood of entering the alliance.

By Jennifer McKevitt • Oct. 24, 2016

FMC clears Ocean Alliance in first step to launch

If approved in Europe and China, the four carriers will surpass 2M and THE Alliance in shipping capacity.

By Jennifer McKevitt • Oct. 24, 2016