Container Shipping

Well-known Pacific Ocean specialists Matson and Swire have joined forces to serve the South Pacific island nations.

International container operator DP World joins Asian and European feeder networks together; synergies – and tensions – abound, say analysts.

U.S.-China deal should boost shipping stock sentiment, assuming investors believe it’ll stick.

CAI International, one of the world’s largest container lessors, is reviewing strategic alternatives with the help of Centerview Partners.

A trio accused of massive drug smuggling allegedly illegally directed customs-controlled shipments away from logistics operators to “unknown” locations.

David Howard, who developed a preeminent publication that explored successful international logistics connections between U.S. manufacturers and ocean container carriers, has passed away.

Production of most Christmas lights has moved Cambodia and other Asian countries from China.

An exclusive interview with John Hadjipateras, founder and CEO of NYSE-listed Dorian LPG.

A new APM Terminals container terminal in Italy also expects to capture cargo moving to and from Switzerland, Germany and France.

Fifth largest global carrier is responding to customer interest in greater container visibility.

Japan’s leading boxship carrier becomes seventh to join NYSHEX’s platform for guaranteed slots.

When demand falls, prices fall too — or they should. Yet on the southbound Asia-Oceania trade lane rates are up but volumes are down.

Index data appears to show that IMO 2020 fuel costs are being passed along to box shippers.

U.S. Sen. Lisa Murkowski, says many analysts believe the impacts of IMO 2020 will be less than what was projected just a year ago.

Despite extensive general reporting to the contrary, a trio who imported a massive quantity of illegal drugs were not customs brokers or trusted traders.

An exclusive interview with Scorpio President Robert Bugbee on shipping stocks and what lies ahead.

Longtime Capitol Hill legislative counsel and policy consultant completes the five-person commission.

The fast growing forwarder Flexport was awarded sixth place in FreightWaves 2020 FreightTech 25 competition.

Move to establish green bona fides comes as the liner operator is called out for its carbon output.

U.S. Customs and Border Protection said excluding ocean cargo from the Section 321 pilot program reduced “a substantial number of relevant shipments of potential participants.”

Container industry veteran John McCown argues that the shift toward East Coast ports is inexorable.

Japanese shipping giant Nippon Yusen Kaisha (JPX: 9101) has taken out a 50 billion yen ($456.7 million) loan with an adjustable interest rate based on the company’s corporate social performance.

California ports already face high energy costs, a situation that is likely to continue as the ports pursue clean air goals.

Carriers are “jacking up” spot rates to improve their negotiating hands with shippers as they agree pricing for IMO 2020 fuel bills and long-term Asia-Europe contracts.

The Canada Infrastructure Bank (CIB) said it will provide up to $300 million to finance a new container terminal the Montreal Port Authority plans to open downriver in Contrecoeur.  CIB […]

After all the trade turmoil, many legacy supply chains may still be in “wait-and-see” mode.

While Customs and Border Protection’s Automated Commercial Environment has automated much of the cross-border trade process, the U.S. export manifest process remains paper intensive and error prone.

Container ship giant signs deal that will fuel LNG-powered ships on its Asia-Mediterranean service.

The EU is pushing to bring carbon pricing to shipping, but there are a lot more questions than answers.

Private equity-backed 3PL said deal comes as demand exceeds capacity in Northeast market.

Expanding truck appointment system and new lanes credited for fast moves as port readies for dredging

Port, engineering and property giant MMC shrugged off the trade war and economic headwinds to report massive increases in revenues and profits. Analysts issued a “buy” rating.

Integrated logistics provider and ocean carrier Harbour Link saw a boost in revenues but its costs grew too, causing its profits to weaken in the most recent quarter. A weak result in its ocean shipping division was a drag on profit as well.

PierPass says long late-afternoon queues at the entrance to container terminals om Los Angeles and Long Beach have been eliminated.

Darren Prokop writes about the benefits of economies of scale in maritime shipping; he also writes about the dangers of diseconomies of scale.

Maritime, air and overland trade routes into Europe are being piggybacked by criminal gangs deploying the latest digital supply chain technologies to help meet mushrooming demand for illegal drugs across […]

In this week’s round-up of trucking stories from around Australia: truckers slugged by box terminal operators; truckers slugged by tax hikes; truckers slugged by safety regulators; drivers slugged by Queensland politicians; Freightliner Cascadia rolls into the Outback; Linfox buys 90-truck fleet to transport booze.

Peter Levesque is joining Ports America as president next year, after nine years at Modern Terminals in Hong Kong.

The Global Shippers Forum says the views of exporters and importers have been ignored by European regulators extending antitrust protection to liner carriers.

The shift of production from China to southeast Asia is unlikely to stop the trans-Pacific container market from declining this year.

Sino-Malaysian services provider Integrated Logistics (trading as Integrated Group) has announced another poor set of financial results. It looks set to deliver its fifth full-year loss in six years.

China’s exports to the U.S. contracted last month. Even so, slowing U.S. exports to its trade rival saw China’s trade surplus with the U.S. widen.

Despite solid revenues, costs at CJ Century Logistics surged and the company has reported a third consecutive quarterly loss.

A look at today’s containerized ocean transport of alcohol via bottle, can, keg, flexitank and ISO tank container — and how this mix could change going forward.

CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of CEVA Logistics.

Trucking and trade bodies are outraged by the ongoing tactics of container terminal operators to frequently hike already huge fees on trucks. Lobbying of government ministers is underway and even port operators are disappointed at the ongoing tactics of terminal operators.

Port of Los Angeles Executive Gene Seroka cautioned the port’s Board of Harbor Commissioners that even if a trade deal is reached with China, it may take months or years […]

SCF Marine Inc.’s SEACOR America’s Marine Highway (AMH) unit has seen its business grow rapidly with the boom in U.S. plastic exports.

Saybrook Capital alleges that additional evidence shows how port and longshore union aimed to derail project.

Freight data confirms that container lines are increasing their flows to the U.S. East Coast at the expense of California ports.

Data reveals how container pricing may have suffered collateral damage from the trade war.

ZIM reported a $5 million profit in the third quarter of 2019, saying it benefited from its cooperation with Maersk and MSC.

Shippers believe container line consortia are anti-competitive and lack transparency.

The European Commission believes that container shipping lines need consortia to make “operations more financially viable and efficient.”

Box-port operator Asian Terminals has seen a massive surge in nine-month revenues and profits but it has also witnessed a downturn in the third quarter of 2019.

Farmers and other shippers in Oregon got some good news this week when the South Korea-based container carrier SM Line announced it will bring weekly container shipping service back to […]

COSCO Shipping International (Singapore), a logistics-focused arm of COSCO, reports a big hit to its third quarter profit after tax. But the company nonetheless has big regional expansion plans.

Soren Toft, the former chief operating officer at Maersk will become chief executive officer at Mediterranean Shipping Co.

Japanese mafia are in the firing line after a record 400 kilos of cocaine are found in a container in Japan.

With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.

After first half surge, the back-end of November is weakening after the last U.S. freight surge.

Europol believe Italy’s ‘Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.

HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.

Focus on profitability over market share bears fruit for Danish container shipping giant.

Danny Wan, just named executive director of the Port of Oakland says the agency needs to plan ahead for the possibility that the economy may slow.

CEO tells FreightWaves the U.S.-China trade war has transformed the trans-Pacific trade and customers are receptive to paying IMO 2020 bills.

Yang Ming Marine Transport Corp. (TWSE:2609) said it had lower revenue and a larger loss in the third quarter of 2019 than in the same period last year. But the […]

Hapag-Lloyd says addition of a sixth ship to one of its U.S.-flag transatlantic services will improve reliability.

Maersk, MSC, Hapag-Lloyd and COSCO will be the main market share “losers”, says Alphaliner.

Boston’s freight move thru New York? No suh, because the Hub is best served by its own.

It’s a largely good set of third-quarter results for the Philippines-based but globally operating container terminal operator ICTSI. “Strong financial performance,” says President and Chairman Enrique K. Razon. On a nine-month basis, the growth surge is pronounced.

Advent Intermodal is seeking to increase transparency along the Panama “land bridge” between the coasts.

Evergreen Marine said third quarter operating income was 11 percent higher than in the same 2018 period, but profit from continuing operations plunged.

Capacity cuts by lines and higher bunker surcharges as IMO 2020 low sulfur fuels are phased in are fueling box freight rate inflation.

The Port of Long Beach and Port of Oakland said exports were up, but imports down when compared to October 2018.

International Longshore and Warehouse Union (ILWU) will seek to overturn a jury verdict that says it owes $93.6 million to the former operator of the Port of Portlands container terminal.

China-to-California box rates are up 16% from October lows, but are still down 43% year-on-year.

Growth from last year’s front loading makes for tough comps, as trade war upsets seasonal patterns.

In 2020, Matson expects to reap approximately $30 million in financial benefits from new vessels and other infrastructure investments.

All may not necessarily be as it may first seem in the world of company earnings. Dry bulk, ocean container shipping and logistics company Sinotrans (HKEX: 598) may not have delivered a Halloween shocker even though its third quarter results were splattered in red ink all over its income statement. One long-short equities analyst was very bullish on the company’s stock despite the seemingly-poor results!

Seaspan Corp. says there are attractive opportunities to increase the size of its fleet.

Florida’s largest seaport will use federal funds as part of expansion of its largest marine terminal.

Global Ship Lease says it focuses on trade lanes responsible for 70% of global container trade and not the big East-West trades.

U.S. Customs and Border Protection officers found the drugs stuffed in duffel bags inside a container load of scrap aluminum and copper en route to Europe from South America.

A federal jury has awarded $93.6 million to ICTSI Oregon, the former operator of the Port of Portland’s Terminal 6, after finding dockworkers engaged in illegal work practices such as work slowdowns and stoppages.

Asia-Europe and Asia-U.S. spot freight rates jumped 12-30% last week, but can carriers hold on to the gains?

Danaos expects in 2020 container trade demand growth will outpace supply growth for the first time in almost 10 years.

It’s an income statement of two halves for COSCO Shipping Development, which both leases container ships while also making and leasing ocean shipping boxes. Revenues fell off a cliff. But COSCO Shipping Development was able to protect its bottom line by slashing costs. Profits surged.

With shippers and carriers unable to predict rates or capacity in the spot market from month to month, can a better alternative be developed by new freight capacity marketplaces?

Transit times of 10-12 days are promised on the new service from DHL Global Forwarding.

truckers hauling construction materials and agricultural products, flyers promoting the protests also have been posted around the ports

Shippers and NVOs urge the U.S. Federal Maritime Commission to implement the interpretive rule, while ocean carriers and marine terminals say it needs further refining.

Container leasing company Textainer said a traditional peak season did not materialize in 2019.

“K” Line has warned the global economic slowdown could lead to a deterioration in transportation demand.

NYK Line, Japan’s largest shipping company had operating profit of $146.7 million, compared with a loss in the same period last year.

Mitsui OSK Lines (MOL) recorded a major drop in revenues in the first half of its financial year as container earnings fell off a cliff and the U.S.-China trade war took its toll. But MOL was able to limit damage to operating profits.

Hong Kong-based port operator Cosco Shipping Ports (HKEX: 1199) has announced mixed results for the third quarter of 2019. Revenues were flat and profits were down. But box volumes rose. And analysts are bullish on the stock.

COSCO Shipping Holdings said its third quarter profit more than doubled.

Even with a 15-20% increase in container freight costs from Asia to the U.S., prices would still be far below 2018 rates.

Ocean shipping along the coast of Oman, in the Middle East and throughout the Arabian Sea, is being disrupted by Cyclone Kyarr – the most powerful storm ever in that sea-space. However, local sources advise that shipping through a globally critical oil chokepoint, the Strait of Hormuz, is unaffected.