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The Port of Los Angeles has reported its second-busiest April on record last month amid continuing efforts to clear cargo from marine terminals. April 2022 throughput came in at 887,357...
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
An engineer stuck on a cargo ship abandoned in a Black Sea port has waited four years to get paid and go home. Off the coast of Somalia, a crew awaiting pay languishes on a pirate-trawled stretch of the Indian Ocean while their ship slowly takes on water. Another 14 seafarers, stuck on a cargo ...
Top Maritime Regulator Sees Shipping Snarls Lasting to 2022 Getty Images The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small American companies can weather another year of a tangled transport system and much higher costs. “As you see the pandemic lift, I think you’re going to see changes in what’s demanded but demand is going to go up even further,” Dan Maffei, chairman of the Federal Maritime Commission, said in an interview. “If this is primarily a supply a...
The worlds largest private and publicly held container carriers collectively posted record profit of $19.1 billion in the first quarter, more than double the previous all-time high of $9.1 billion set the prior quarter