In unprecedented move, CMA CGM unilaterally halts rate increases until February amid rising global supply chain chaos.
The carrier sought relief from commission regulations earlier this month as part of its efforts to recover from a crippling cyberattack in late September.
The U.S. Federal Maritime Commission will consider the French liner carrier’s relief petition to give it time to clean up its systems.
With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.
Neptune Orient Lines will be renamed CMA CGM Asia Pacific Ltd.
The master has been charged in connection with the overboard loss of 50 containers
Two space-sharing alliances already have canceled 75 voyages through September
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean and air pallets.
APL England escorted to Port of Brisbane after 40 containers are lost and nearly 75 others are damaged
Authorities blame heavy seas off Australian coast for loss of medical supplies, household appliances and building materials
Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, […]
A container fire aboard the APL LeHavre comes as many liner companies are cracking down on misdeclared cargo.
Tight supply of labor, chassis, railcars, and space all contribute to port woes. Autonomous ships coming to Norway by next year.
