Frank Marino sat in a repurposed U.S. Coast Guard boat bobbing in Boston Harbor one morning late last month. He pointed the boat straight at a buoy several hundred yards away, while his colleague Mohamed Saad Ibn Seddik used a laptop to set the vehicle on a course that would run right into it.
September 18, 2017shipping News Updates
Autonomous Ships Are Setting Sail in Boston
E-Commerce Drives Global Package Shipping Volume to Rise 48% in Two Years
Global package shipping volume increased by 48% during the past two years, powered by growth in e-commerce, according to a report released last week by technology company Pitney Bowes.
September 8, 2017Maersk Says June Cyberattack Will Cost It Up to $300 Million
A.P. Moller-Maersk A/S said a cyberattack that hit the owner of the world’s biggest container shipping company at the end of June will wipe as much as $300 million off profits in the third quarter.
August 16, 2017From Worst to Best: A Shipbuilder's Fortunes Turn Around
Yangzijiang Shipbuilding Holdings Ltd., which specializes in dry-bulk carriers, has rallied 83% in 2017 to lead the benchmark Straits Times Index. The Chinese shipbuilding firm has made a comeback after it won 13 contracts worth $318 million in the first quarter, about 40% of its $823 million worth of orders it won last year.
August 7, 2017Matson’s Earnings Increase by 33% as Hawaii Cargo Shipments Decline
Matson Inc. sailed over a shallow trough of lower Hawaii cargo shipments to produce a 33% profit gain in the second quarter largely driven by enhanced business in China and Alaska.
August 1, 2017Amazon to Become Major Produce Shipper With Purchase of Whole Foods
With its pending purchase of the Whole Foods grocery chain, Amazon.com will become a major shipper for fresh produce, a transport market that has always been difficult and is now getting even more challenging.
June 28, 2017UPS Inc. to Add Holiday-Shipping Surcharge in November, December to Handle E-commerce Shipping
UPS Inc. will institute a holiday-shipping surcharge for residential delivery in much of November and December this year to help deal with the torrent of e-commerce shipping at that time of year.
June 21, 2017Philly Shipyard to Build Cargo Ships for New Shipping Line Serving Hawaii, West Coast
Philly Shipyard announced June 8 that it will build up to four new containerships and is in “advanced discussions” to create a new cargo shipping line to provide transpacific service between the West Coast and Hawaii.
June 9, 2017Global Shipping Fleet Braces for Chaos of $60 Billion Fuel Shock
Little more than 2½ years from now, the global fleet of merchant ships will have to reduce drastically how much sulfur their engines belch into the atmosphere.
April 5, 2017Shipping Stocks That Soared After the Election Have Now Tanked
Shortly after Donald Trump was elected president Nov. 8, the stock prices of a slew of shipping companies soared by more than 1000% on hopes that commodity prices would rise and U.S. manufacturing would rebound, spurring a surge in shipments of everything from iron ore to computer parts.
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