shipping

Port employers and the union representing East and Gulf coasts dockworkers begin a two-day meeting in New Jersey to prevent a strike that would disrupt maritime commerce along the entire U.S. Eastern Seaboard. Talks on a labor deal for six of the 10 busiest ports stopped in June when the...

Possible labor strikes at U.S. East and Gulf coast ports and Canadian railways may lead to volatility in container freight rates by causing supply-chain disruptions for the container industry and cargo owners, according to an industry expert. “With the looming strikes at Canadian railways and...

Transatlantic container shipping volumes into the U.S. are making a comeback as U.S. retailers look to replenish inventories ahead of possible strike action at U.S. ports. “There is some temptation by customers to bring in goods ahead of the labor contract expiry on Sept. 30,” Hapag-...

Shares of SFL Corporation Ltd. (NYSE:SFL) were crushed yesterday. The Hamilton, Bermuda-based company announced that it was offering $100 million of new shares. Some investors are concerned that this would dilute the value of their holdings so they sold aggressively. But the stock could be about...

Successful traders know how to recognize which price levels in a certain market are important. These are called support and resistance levels. When a stock reaches one of them there is a good chance it reverses. Traders can profit from these reversals. Successful traders also understand the concept...

A new Chinese megaport on the coast of Chancay, Peru, stands to threaten U.S. trading influence with resource-rich South America. China Ocean Shipping Group, the port’s majority owner also known as Cosco, expects to open the massive facility later this year, Bloomberg reported. The port is...

Huntington Ingalls Industries Inc (NYSE:HII) shares are trading lower after it reported first-quarter FY24 results. Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the consensus of $2.79 billion. Revenues by segments: Ingalls Shipbuilding $655 million...

Editor’s note: This story has been updated to reflect that $170,000 in compensation for UPS drivers is a figure stated by UPS CEO Carol Tomé that includes both wages and benefits at the end of a five-year contract. A substantial slowdown in the shipping business caused United Parcel Service,...

The tragic events in Baltimore, where a container ship crashed into Francis Scott Key Bridge, causing the collapse of much of the 1.6-mile structure, was not the first of its kind and is unlikely to be the last. A 2018 report by the World Association for Waterborne Transport Infrastructure, shows...

Tesla Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) were all hands on deck to find alternative shipping routes on Wednesday after a bridge collapse caused the shutdown of the Port of Baltimore. Ford and GM said they expected minimal impact, although the East...

Baltimore was rocked by tragedy early Tuesday as the Francis Scott Key Bridge collapsed after a cargo ship, operated by Synergy Group and chartered by Danish shipping giant AP Moller Maersk (OTC:AMKBY), lost power and struck a support column. This catastrophic...

U.S. coal miner and exporter Consol Energy Inc. (NYSE:CEIX) said Tuesday that a major bridge collapse is delaying vessel access at its terminal at the Port of Baltimore. Early Tuesday, a container ship the company said wasn't carrying Consol coal struck a support column of the Francis Scott Key...

While search and rescue remains the top priority following the tragic collapse of the Francis Scott Key Bridge in Baltimore early Tuesday, the costs to global trade, markets and industry are already being examined. The container ship that veered off course and struck the bridge, causing its...

Yemen’s Houthi rebels have attacked a British cargo ship and shot down a U.S. drone, further escalating tensions in the region. What Happened: The Houthi rebels, who are backed by Iran, claimed responsibility for the attack on the British cargo ship and the downing of the American drone,...

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) shares traded higher on Thursday. The stock brushed off losses made earlier in the week to continue its recent head-turning uptrend. What To Know: Zim stock experienced volatility over the past month, fueled in part by the impact of Houthi attacks...