A lack of ships is the latest challenge for buyers of liquefied natural gas (LNG) this winter, as Europe prepares for a season without Russian energy supplies and shipping rates are hitting records highs, according to a Bloomberg report. European countries are actually paying to keep LNG-loaded ships nearby as onshore storage facilities are maxed…
Europe Facing Record High Shipping Rates for Liquid Natural Gas, Running Out of Storage Capacity
October 11, 2022
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China Steals Your Shipping Data
Commentary China stole a march on the United States by getting a major information technology system to market while we were dozing. The technology, called LOGINK, reportedly tracks 90 percent of the world’s container ships in real time, including granular details about thousands of containers per ship and packages per container. Beijing provides the technology free…
Amazon Hands Out Shipping Software to Merchants, Including on Rival Sites
Amazon.com Inc. on Thursday said it would give merchants free software for managing shoppers’ orders on and off its platform, as the retailer extends its e-commerce reach. The company is ending monthly fees of Veeqo, a shipping software firm it recently bought, for sellers including when they fulfill orders via rival platforms like Shopify Inc.,…
Ocean Shipping Rates Tumbled More Than Half in 2022
Ocean shipping rates on the major ocean trade routes have tumbled more than half from the beginning of the year, according to The Wall Street Journal. The start of the fourth quarter is typically the industry’s peak season, but many importers have already shipped their holiday goods earlier in the year while rising inflation rates…
Efforts to Repeal American Shipping Laws Only Aid China
Commentary America’s shipping industry isn’t a whipping boy—it’s one of our strengths. Sadly, the Jones Act, which promotes U.S. shippers, is treated like it is. Irrational political voices have argued that repealing the law would do many things, but policymakers should be cautious about taking such a drastic step. Some have asserted, for example, that repealing…
Shipping Problems Will Persist for Years, Fueling Cost-of-Living Crisis, Warns Logistics Giant
Global shipping problems that have driven up the price of food and goods may continue to wreak havoc for much longer than anticipated with no relief in sight, according to logistics giant EV Cargo. EV Cargo is one of the largest providers of transport, logistics, and freight forwarding services across the world and operates in 150 countries, carrying…
Latin America Moves Closer to China Amid Ukraine Crisis
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Blaze Subsides on Cargo Ship Carrying Electric Vehicles Off the Azores
The fire aboard a cargo ship carrying electric cars off the Azores islands is under control and is being put out, according to a Feb. 22 statement from Portuguese authorities. The flames are no longer visible from the outside and the ship is now stable, they said. The damaged vessel is expected to be towed across the…
Food Manufacturers Start to Cut Capacity Amid Labour Shortages and Supply Chain Woes
Canada’s food manufacturers are starting to cut capacity and focus on key products as they confront labour shortages and supply chain problems that show no signs of easing. Experts say food manufacturers are facing inflation, shipping backlogs and delays in obtaining things like ingredients and packaging. Michael Graydon, CEO of Food, Health & Consumer Products…
McDonald’s Japan Limiting Portion Sizes of Fries Available to Customers Due to Shipping Problems
McDonald’s, facing a very different kind of chip crisis, is limiting the portion sizes of fries available to its Japanese customers due to shipping problems, the company said in a statement on Friday. McDonald’s Holdings Company Japan said that it will sell only S-sized fries for a month from Sunday, Jan. 9, “to make sure we have plenty of…
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