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Intermodal

New Zealand's KiwiRail to Order RoPax Pair

(Image: OSK-ShipTech)

New Zealand's state-owned KiwiRail has issued a request for proposal to find a preferred shipyard to build two new RoPax ferries for operator Interislander.The international tender follows a NZ$400 Million (US$256.1 million) contribution to the 2020 Budget that enables KiwiRail to procure two new modernized

Tonnage Slips at Port Houston Amid Pandemic

Photo courtesy of Port of Houston

Monthly cargo volumes at Port Houston declined in April as the coronavirus outbreak continued to impact commerce in the U.S. and across the world.Port Houston, the 6th largest container port in the U.S., handled a total of 221,540 twenty-foot equivalent units (TEUs) in April, down 12% from the 252,693 TEUs in April 2019.

China Exports, Imports Set to Plummet

© Alexey Lesik / Adobe Stock

China’s exports and imports are expected to record double-digit declines in April after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains, a Reuters poll showed on Wednesday.The pessimistic projections reinforce concerns that

Taylor Unveils New Barge Material Handling Equipment

(Image: Taylor Machine Works)

Taylor Machine Works, Inc. launched the XHRS-1000, a new model in its material handling equipment portfolio purpose-built to handle containers in the unique lift situations that barge applications present.Hal Nowell, Director of Sales of Taylor Machine Works, said the XHRS is specifically designed for inland rivers and waterway customers.

FMC Eases Requirements for Service Contract Filings

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The U.S. Federal Maritime Commission voted to temporarily allow parties to file service contracts up to 30 days after they take effect, as a measure to relieve COVID-19 impacts to the supply chain.The Commission published an order today making the relief effective immediately and lasting through December 31, 2020.

India's March Exports Down 34.6% Y/Y

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India's merchandise exports shrank by more than one-third from a year ago, dragged down by a fall in global demand and shipments due to the outbreak of coronavirus, the Trade Ministry said in a statement said on Wednesday.Merchandise exports fell to $21.41 billion in March compared with a year earlier, while imports were down 28.

COVID-19 Impacts on Demurrage and Detention

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What might not be so obvious in this COVID-19 environment, which we have grown to associate with shortages, is that counterintuitively there are issues beginning to appear dealing with the opposite situation. The Journal of Commerce has reported that “[t]he container shipping industry is

Diego Aponte: MSC CEO Offers Insight on COVID-19 Impact

Photo: MSC

In an open letter posted on the MSC website, MSC Group President & CEO Diego Aponte offered public comment and perspective on the COVID-19 situation for MSC's cargo business. “The spread of COVID-19 has created a public health issue unprecedented in our lifetimes, triggering an unexpected shock for societies and economies,” said Aponte.

Shipping Industry Urges G20 to Keep Freight Flowing

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Ships and their crews must be able to trade freely with minimal port restrictions to ensure supply lines don't freeze up while the coronavirus shuts down much of the globe, shipping and port officials said on Tuesday.After draconian steps to stop the spread of the virus, China's economy is slowly coming

Western Supply Chains Buckle as Coronavirus Lockdowns Spread

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Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most affected areas, such as Italy.While China's draconian steps to stop the spread

IMF: Global Impact of COVID-19 will be Severe, but Temporary

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As many markets struggle to find their footing in the face of the global COVID-19 pandemic, a recent podcast with Martin Muhleisen, director of the IMF's Strategy, Policy, and Review department, helps to lend insight and perspective from the view of the International Monetary Fund.Muhleisen  said the

China Steel Futures Rise on Demand Optimism

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Chinese steel futures hit their highest in nearly two months on Monday on signs of a recovery in demand, and as policymakers worldwide rolled out more stimulus measures to cushion global economies reeling from the coronavirus pandemic.The U.S. Federal Reserve cut interest rates by 100 basis points on Sunday,

Rumo Says No Impact from Coronavirus on Soy Freight

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An executive at Brazil's largest railway operator Rumo said soy crushing in China is returning to normal levels after an extended halt, a good sign for logistics operators involved in moving the oilseeds from Brazil's fields to the world's top importing country.Speaking at an event on Monday, Rumo's

US Offering $225 Mln for Ports Infrastructure

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The U.S. Department of Transportation (DOT) announced a Notice of Funding Opportunity (NOFO) to apply for $225 million in discretionary grant funding through the Port Infrastructure Development Program (PIDP).“America’s ports are a critical part of the Nation’s multimodal transportation

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