Latest News for: Freight ship

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Record trade volume at Oakland port

The Daily Journal - San Mateo 07 May 2021
One is strong demand demonstrated by freight rates that are near all-time highs on the trans-Pacific route. Also, ships traveling between Asia and the U.S. are nearly full, and West Coast ports are bustling, with ships sometimes waiting days for berth space ... .
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Friday's letters

News & Record 07 May 2021
Erasure culture. As a lawyer since 1980, I respond to the column “‘I do not accept this portrait’ at Elon Law” (May 2). My initial response ... The move was due to student pressure ... freight-shipping efficiencies; eased highway congestion; enhanced business and recreational travel; and, of course, the associated environmental impacts of all these things ... .
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First and Only Dry Bulk Shipping ETF (BDRY) Reaches $100M AUM Milestone

The Marshall News Messenger 06 May 2021
BDRY) has surpassed a significant milestone of $100 million in assets under management.* The first-to-market product, which debuted in 2018, remains the only freight futures ETF exclusively focused on dry bulk shipping, an instrumental part of the global commodity market ... Breakwave specializes in shipping and freight investments.
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Autonomous trucking startup Einride raises $110M ahead of expansion into US

Crunch 06 May 2021
The electric trucks do much the freight-shuttling work today for customers like Swedish food producer Oatly, Coca-Cola, Lidl and Electrolux ... In October, the unveiled a line of next-generation pod freight-carrying vehicles that depending on its level of autonomy will begin shipping to customers as early as this year.
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Port Of Oakland Cargo Traffic Reaches All-Time High In 1st Quarter

CBS Sports 06 May 2021
“Whenever you see container ships anchoring out in the bay, know that is unusual,” Sandifur said ... Port officials said the surge shows no sign of letting up, with freight rates at near all-time highs, ships sailing between Asia and the West Coast being nearly full and vessels are often waiting days to unload.
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After containers, dry bulk shipping is red hot now

Business Line 06 May 2021
The Baltic Dry Index or BDI, London-based Baltic Exchange’s main sea freight index that tracks rates to ship dry bulk commodities, rose the most in over ten years on Wednesday lifting the spirits of dry bulk ship owners who have been envious of the spectacular ride of container ship owners over the last couple of months.
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Provisional liquidator appointed to Drogheda shipping firm

The Irish Times 06 May 2021
The High Court has appointed a provisional liquidator to a shipping company which claims it has become “hopelessly insolvent” due to apparent fraud by its managing director. The order was made in relation to a Co Louth-based freight-forwarding business Fast Shipping Ireland Ltd, which employs nine people.
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Provisional liquidator appointed to ‘hopelessly insolvent’ shipping company

The Irish Times 06 May 2021
The High Court has appointed a provisional liquidator to a shipping company which claims it has become “hopelessly insolvent” due to apparent fraud by its managing director. The order was made in relation to a Co Louth-based freight forwarding business, Fast Shipping Ireland Ltd, which employs nine people.
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Maersk says strong Q1 driven by high demand, bottlenecks

Hellenic Shipping News Worldwide 06 May 2021
... quarter driven by bottlenecks and high demand for container shipping.
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Biden’s infrastructure plan won’t help infrastructure or the environment

LA Daily News 06 May 2021
That’s a win for the environment ... This act’s main effect is to increase the cost of waterborne transportation within the United States, which in turn encourages the use of alternative forms of transportation such as trucks and rail — modes of freight transportation that are worse for the environment than shipping on water ... .
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Biden’s Environmentally Friendly Infrastructure Plan Won’t Help Infrastructure or the Environment

The American Spectator 06 May 2021
That’s a win for the environment ... This act’s main effect is to increase the cost of waterborne transportation within the United States, which in turn encourages the use of alternative forms of transportation such as trucks and rail — modes of freight transportation that are worse for the environment than shipping on water ... .
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Northwell Sends Relief to India as Overwhelming Coronavirus Cases Mount

Daily Freeman 06 May 2021
NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--May 6, 2021-- ... This press release features multimedia ... Dr ... “We’ve been working with our partners and vendors to get supplies donated, to get shipping and cargo and air freight donated, to get the supplies as quickly as possible,” said , MD, who serves as the director for the Center for Global Health. Dr ... CONTACT.
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MP Materials Reports First Quarter 2021 Results

The Marshall News Messenger 06 May 2021
Shipping and freight ... cost of sales (excluding depreciation, depletion and amortization), less costs attributable to sales of legacy stockpiles, stock-based compensation expense included in cost of sales (as opposed to general and administrative), and shipping and freight costs.
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Shipping Giant Maersk Launches $5 Billion Share Buyback After Record Quarter. The Stock Is Surging.

Barrons 05 May 2021
The shipping giant Maersk is seen as a bellwether for the global economy. stock jumped more than 5% on Wednesday, as the Danish shipping giant launched a $5 billion share buyback program after record profits in the first quarter ... Freight rates rose 35% in the quarter, while ocean volumes grew 6%, mainly due to shipping demand out of Asia to the west.
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