Shipping Companies Added Capacity, but Now Containers Are Stuck in Port

Ship operators are trying to add millions of new containers to address a severe capacity crunch, but the boxes are stuck on liners and at ports as shipping moves into its busiest period. Shipping’s peak season usually starts at the end of June when importers begin ordering products for the back-to-school and holiday seasons. This … Read more

Dollar Tree Targets Speed, Productivity in Supply Chain Upgrades

Discount retailer Dollar Tree Inc. is trying to ramp up its supply chain to match its ambitious expansion plans. The company plans to spend more to improve its supply chain as it increases the use of data analytics and automation to get more goods more efficiently and quickly to its more than 16,000 Dollar Tree … Read more

WSJ News Exclusive | Russian Tanker Giant in Deals to Sell Ships Amid Western Sanctions

Sovcomflot has sold about a dozen ships to buyers in Asia and the Middle East, according to people familiar with the matter, as the Russian state-controlled company works to repay loans to Western banks ending business ties to comply with sanctions. The company, among the world’s largest tanker operators, sold five tankers to Dubai-based Koban … Read more

Port Labor Talks Pose New Complication for Supply Chain

West Coast dockworkers and cargo-handling companies are due this week to begin contract negotiations that carry high stakes for an American economy that has been wracked by supply-chain disruptions. The labor talks cover about 22,400 workers at 29 ports, including the big Southern California facilities that make up the country’s busiest gateway for imported goods. … Read more

Ports Race to Clear Cargo, Fearing an Overload When China Lockdowns Lift

Western ports are bracing for increased congestion when China eventually lifts stringent Covid-19 restrictions in major cities, which could come just as many importers start to load up for the back-to-school and holiday shopping seasons. Import gateways such as California’s Los Angeles and Long Beach ports, which handle more than a third of all containers … Read more

Cruise Line Carnival Replacing CEO Arnold Donald

Cruise operator Carnival Corp. CCL -5.75% said Chief Executive Officer Arnold Donald is stepping down from the role, and will be succeeded by its current operating chief Josh Weinstein. Mr. Donald, 67, will become vice chair of the company effective Aug. 1, when the change takes place. Mr. Donald has served as CEO of Carnival … Read more

Sanctions Strand Thousands of Russia-Bound Luxury Cars

Some 8,000 luxury cars destined for Russia are parked at the Port of Zeebrugge in Belgium as authorities there try to navigate a maze of sanctions slapped on Moscow for its invasion of Ukraine. The cars—including some of the latest Lexus, Cadillac and Mercedes models—arrived from Asia in the first week of April. They were … Read more

Frontline and Euronav Merge to Create Tanker Giant in $4.2 Billion Stock Deal

Two of shipping’s biggest names, Norway-based Frontline Ltd. and Belgium’s Euronav NV, have agreed to merge in a move that would create one of the world’s biggest tanker owners. The all-stock deal announced Thursday, which has been approved by both the companies’ boards, involves an exchange of 1.45 Frontline shares for each Euronav share. The … Read more

Shipping Groups Sue Oakland A’s, City Over Waterfront Stadium Project

A coalition of shipping-industry groups, including port managers, trucking operators and the dockworkers’ union, is asking a California court to halt plans by the Oakland Athletics baseball team to build a stadium at the city’s port. The groups filed suit late Friday against the A’s, the city of Oakland, the city council and the Port … Read more

China’s Bet on Sending Its Exports Through Russia Hits Setback

Sanctions imposed on Russia are disrupting China’s ambitions to move more exports to Europe, a setback for the $4 trillion effort championed by Chinese leader Xi Jinping to cement his country as the world’s pre-eminent trading partner. Although the European Union has yet to officially ban imports passing through Russia, inbound rail-cargo shipments have all … Read more