Skip to content
Search AI Powered

Latest Stories

Number of shipping containers lost at sea sinks to new low

WSC report finds 221 boxes were lost in 2023, down from 661 in 2022.

WSC Screenshot 2024-06-11 at 1.00.02 PM.png

The number of shipping containers lost at sea decreased significantly in 2023, dropping to 221 units from its mark of 661 containers lost in 2022, and setting the lowest number recorded since the survey began in 2008, according to the World Shipping Council (WSC).

And of that number that fell overboard, about 33% of the lost containers were recovered, the WSC said in its “Containers Lost at Sea Report.” 


Despite the improvement, the WSC—which is a trade association representing the international liner shipping industry—underscored the ongoing need for stringent safety measures and constant vigilance, saying that every container lost at sea is one too many.

In line with that approach, the WSC just last week had applauded a new rule set by the International Maritime Organization (IMO) that will require mandatory reporting of all containers lost at sea beginning in 2026.

The group is also working to create standards to prevent more containers from tumbling off ships in the first place. One initiative to support that goal is called the Marin TopTier Joint Industry Project, which has compiled causes of containers overboard, together with recommendations and training material on how to avoid and manage a dangerous condition called parametric rolling.

Later this year, the TopTier group will publish its final report on the topic, including conclusions and recommendations arising from scientific research and analyses, providing industry best practices; updated safety, container, and lashing standards; and guidance and recommendations for regulatory updates.

"The reduction in containers lost at sea in 2023 is a positive development, but it does not diminish the urgency of our work. Every container lost at sea represents a potential hazard, and our commitment to preventing these incidents must be unwavering," John Butler, WSC’s CEO, said in a release.

 

 

 

The Latest

More Stories

port of oakland port improvement plans

Port of Oakland to modernize wharves with $50 million grant

The Port of Oakland has been awarded $50 million from the U.S. Department of Transportation’s Maritime Administration (MARAD) to modernize wharves and terminal infrastructure at its Outer Harbor facility, the port said today.

Those upgrades would enable the Outer Harbor to accommodate Ultra Large Container Vessels (ULCVs), which are now a regular part of the shipping fleet calling on West Coast ports. Each of these ships has a handling capacity of up to 24,000 TEUs (20-foot containers) but are currently restricted at portions of Oakland’s Outer Harbor by aging wharves which were originally designed for smaller ships.

Keep ReadingShow less

Featured

screen shot of onerail tech

OneRail raises $42 million backing for fulfillment orchestration tech

The Florida logistics technology startup OneRail has raised $42 million in venture backing to lift the fulfillment software company its next level of growth, the company said today.

The “series C” round was led by Los Angeles-based Aliment Capital, with additional participation from new investors eGateway Capital and Florida Opportunity Fund, as well as current investors Arsenal Growth Equity, Piva Capital, Bullpen Capital, Las Olas Venture Capital, Chicago Ventures, Gaingels and Mana Ventures. According to OneRail, the funding comes amidst a challenging funding environment where venture capital funding in the logistics sector has seen a 90% decline over the past two years.

Keep ReadingShow less
screen display of GPS fleet tracking

Commercial fleets drawn to GPS fleet tracking, in-cab video

Commercial fleet operators are steadily increasing their use of GPS fleet tracking, in-cab video solutions, and predictive analytics, driven by rising costs, evolving regulations, and competitive pressures, according to an industry report from Verizon Connect.

Those conclusions come from the company’s fifth annual “Fleet Technology Trends Report,” conducted in partnership with Bobit Business Media, and based on responses from 543 fleet management professionals.

Keep ReadingShow less
forklifts working in a warehouse

Averitt tracks three hurdles for international trade in 2025

Businesses engaged in international trade face three major supply chain hurdles as they head into 2025: the disruptions caused by Chinese New Year (CNY), the looming threat of potential tariffs on foreign-made products that could be imposed by the incoming Trump Administration, and the unresolved contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), according to an analysis from trucking and logistics provider Averitt.

Each of those factors could lead to significant shipping delays, production slowdowns, and increased costs, Averitt said.

Keep ReadingShow less
chart of trucking conditions

FTR: Trucking sector outlook is bright for a two-year horizon

The trucking freight market is still on course to rebound from a two-year recession despite stumbling in September, according to the latest assessment by transportation industry analysis group FTR.

Bloomington, Indiana-based FTR said its Trucking Conditions Index declined in September to -2.47 from -1.39 in August as weakness in the principal freight dynamics – freight rates, utilization, and volume – offset lower fuel costs and slightly less unfavorable financing costs.

Keep ReadingShow less