he third-largest ocean container carrier, CMA CGM, saw bottom-line improvement as higher rates on vessel diversions amplified a single-digit volume increase.
Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.
President Joe Biden broke his silence Tuesday on the port labor dispute by backing the striking dockworkers.
In the latest move to strengthen the largest U.S. container gateway, a key Port of Los Angeles terminal will receive $52 million to upgrade its on-dock rail capacity.
The airline subsidiaries of ocean lines CMA CGM and Maersk are offering service from China to Northern Europe and the U.S., respectively.
CMA CGM Air Cargo, with roots in the container shipping industry, plans to add 11 large freighters from Boeing and Airbus within three years. The first additions will enable the start of an Asia-U.S. service this summer.
Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
New Alphaliner data highlights the enormity of new container shipping capacity that’s poised for delivery.
The top 10 liner operators hiked aggregate capacity by 13% in 2000-22 and continue to control 85% of the global fleet.
Ocean carrier CMA CGM’s new cargo airline made the unusual decision to stop serving U.S. customers and lease planes to other carriers for a short period.
GCT will sell its terminal operations in Staten Island, New York, and Bayonne, New Jersey, to shipping giant CMA CGM.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Se espera que la iniciativa “verde y digital” reduzca los costos de la cadena de suministro y las emisiones de carbono
Shippers and carriers are increasing the pressure on ports and other supply chain participants to roll out “green corridors” using digital technology.
Ed Aldridge is retiring from CMA CGM America, and Uffe Ostergaard is leaving Hapag-Lloyd.
South Florida Container Terminal has ordered 12 electric, emission-free, rubber-tired gantry cranes and welcomed the launch of CMA CGM’s Medgulf service at PortMiami.
7,1 millones de TEUs en pedidos frente al anterior récord de 6,6 millones en 2008
DOT officials are calling the start of data sharing among supply chain companies a ‘milestone’ event.
This week: Ally Logistics helps support reefs off the coast of West Maui, Carrier Logistics donates to an autism awareness group and CMA CGM drops the first of two buoys to help monitor the whale population off the East Coast.
NOAA Fisheries aims to reduce whale strikes on the East Coast of the United States with new vessel speed regulations.
This week: Marathon Petroleum partners with WIT, CMA CGM plans to plant more coral nurseries and UPS re-commits itself to LGBTQIA+ employees for Pride Month.
President Biden made his case for getting ocean carrier reform on the books by accusing ocean carriers of jacking up prices for consumers.
The French and Danish container lines CMA CGM and Maersk are reinvesting big profits in their air cargo fleets and service offerings.
CMA CGM, the world’s third largest liner company, froze spot rates in September-January, yet its revenue per container kept rising.
Trinity Industries’ acquisition aims to benefit rail shippers, while Canadian Pacific’s agreement with Hapag-Lloyd seeks to provide service to key inland Canadian and U.S. Midwest markets.
CMA CGM is a dominant ocean freight carrier that is rapidly growing in air cargo. A tie-up with Air France-KLM will accelerate that expansion.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
Global logistics giants Geodis and Ceva plan to lay off 450 workers in the Columbus, Ohio area by Sept. 30.
More than 20 years after the planning began, the Port of Savannah shipping channel has been deepened to 47 feet at low tide.
DOT is leading a freight data exchange pilot project that it envisions as a long-term effort to speed cargo flow and cut costs for consumers.
Vessel strikes are a major threat to whales, so better monitoring of their locations could help reduce collisions.
This week: CMA CGM supports World Wildlife Fund tiger exhibit in Singapore, Werner releases details of its resource groups, and Forbes has a number of transportation and logistics companies on its best large employer list.
Congressional watchdogs are alleging predatory pricing by three major container ship operators and want answers by March 16.
CEO Rodolphe Saadé said CMA CGM “will transform the Beirut port’s container terminal into a state-of-the-art facility that meets the best international standards.”
“Removing plastic waste is a priority when discussing the protection of our oceans and conserving biodiversity,” CMA CGM Group said.
“Everything we have sails. Every box we have we try to move,” says Hapag-Lloyd CEO Rolf Habben Jansen.
E-commerce is becoming an increasing area of focus for some ocean carriers.
This week: FreightWaves reviews five top Log Book stories from the past year, from National Truck Driver Appreciation Week activities to the gifting of a Peterbilt.
Shipping lines are flush with cash and using it to expand into logistics services.
The White House will be “shining a light on profiteering” by ocean carriers in an effort to fend off inflation and keep supply chains moving.
The deal continues the trend of steamship lines adding logistics capabilities to their portfolios.
Southern California ports and private operators are using carrots and sticks to help eliminate a massive pileup of cargo.
This week: CMA CGM donates 12,000 turkeys, Gopuff donates $100,000 to fight food insecurity and supports rapper Quavo’s turkey drive, and SC Ports’ employees donate their Thanksgiving gift cards to a local food bank.
Airbus lands a diversified shipping and logistics company as the second customer for its new large freighter.
A small number of non-U.S. entities determine vessel and container levels for U.S. ocean supply chains.
CEO Rodolphe Saadé says the CMA CGM Group is acquiring Fenix Marine Services to effectively manage its West Coast port operations.
For the time being, two ocean services will not call Georgia’s busy Port of Savannah.
This week: CMA CGM works to restore millions of oysters in Chesapeake Bay, J.B Hunt supports the American Foundation for Suicide Prevention and Goodyear starts accepting nominations for the Highway Hero Award.
In unprecedented move, CMA CGM unilaterally halts rate increases until February amid rising global supply chain chaos.
Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.
The Federal Maritime Commission is auditing container lines to evaluate potential abuse of leverage against exporters.
“With our sustained focus on supply chain digitization, infrastructure investments and strong business relationships, we have the opportunity to build on this historic milestone,” says Executive Director Gene Seroka.
Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
From A.P. Møller – Maersk to ZIM, the world’s shipping lines reported huge profit jumps.
Get your cameras ready along the coasts of Georgia and South Carolina.
The Energy Observer is on a seven-year cruise to publicize the role alternative energy could play in the shipping industry.
Ocean container shipping company CMA CGM has a new cargo airline that’s flying to more places.
In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.
Welcome aboard, freight customers. You’re now flying CMA CGM to the U.S. East Coast instead of taking a container ship.
“Strong winds” are blamed for causing the 20,000-TEU Ever Given to get stuck and block Suez Canal traffic in both directions.
“Today we are in the seventh month of a historic import surge driven by unprecedented demand by American consumers,” says Gene Seroka.
“American customers will be able to choose to transport their goods using LNG, a new technology that helps to preserve air quality by eliminating almost all atmospheric pollutants,” said CMA CGM CEO Rodolphe Saadé.
California will boost testing procedures to enforce distillate fuel regulations.
Container shipping line CMA CGM wants to be an airline too. Its new air cargo unit has identified Chicago as its first destination and is giving preferential space on its aircraft to subsidiary CEVA Logistics.
Ocean carriers as airlines? No one thought an online retailer would own a private airline until Amazon did it. The ocean carrier also owns a logistics company. You connect the dots.
“ZEBOX will assist innovative startups in developing new technologies in transportation, logistics, mobilities and industry 4.0,” says CMA CGM CEO Rodolphe Saadé.
Hackers relentlessly targeted trucking and logistics companies throughout 2020. These five cyberattacks are among the worst incidents.
Will your cargo ship arrive on time? Globally, the chances are now 50-50. In the Asia-U.S. container trade, it’s less than one in three.
Ocean carriers toed the line on capacity control in 2020. What does this new normal mean to shippers, yards and leasing companies?
E-documentation initiative establishes data and process standards for bill of lading preparation and issuance.
Container shipping stocks are back to pre-COVID levels whereas many tanker and bulker stocks are down by double-digits year-to-date.
“While COVID-19 has fundamentally shifted how many American families will celebrate Thanksgiving this year, we are very proud to be providing a bit of home.”
Mirroring bullish comments by Maersk and Hapag-Lloyd, container line CMA CGM reports a strengthening market in the fourth quarter.
The carrier sought relief from commission regulations earlier this month as part of its efforts to recover from a crippling cyberattack in late September.
Port Call Data Definitions guide is available for free download.
“This service further connects northeast Florida exporters, including the area’s robust forest products sector, to an important and growing segment of the global economy.”
With two more major carriers actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform
The U.S. Federal Maritime Commission will consider the French liner carrier’s relief petition to give it time to clean up its systems.
Announcement of IT EVP and chief digital officer appointments doesn’t mention this week’s ransomware attack.
International Maritime Organization website down and CMA CGM continues investigation following ransomware attack
French shipping giant says in a tweet expected some 24 hours earlier that all maritime and port operations are functioning normally.
The French shipping giant’s network is down.
French ocean carrier CMA CGM is diversifying into a multi-modal transport and logistics company, dipping its toe into the air cargo market after buying a huge third-party logistics company last year.
The Jacques Saadé is the first of nine vessels designed to reduce CMA CGM’s environmental footprint.
Analysts point to upside prospects for container-ship stocks as charter rates rebound.
China could decide enough is enough if trans-Pacific rates rise too high.
The 15,072-TEU CMA CGM Brazil earns the honor as the biggest container ship to call the East Coast.
CMA CGM bonds that traded at 55 cents on the dollar in March are now trading near par.
Operating profit “turnaround” of more than $300 million reported.
Multiple Lebanese government agencies may have known dangerous ammonium nitrate was stored in a warehouse.
Container carriers are rerouting goods and assessing damage following Tuesday’s blast.
Container lines, some with damaged or destroyed buildings, are scrambling to reroute cargo bound for Lebanon.
Orient Overseas Container Line briefly outlines performance for the second quarter and first six months of 2020.
Developed by A.P. Møller – Maersk and IBM two years ago, the neutral platform was publishing 2 million events per day within a year and a half.
“Optics” are bad but freight pricing doesn’t appear to meet regulatory bar for intervention.
Group of nine container carriers has banded together for digital standardization.
Neptune Orient Lines will be renamed CMA CGM Asia Pacific Ltd.
Carrier recognizes ‘the importance of digitalization across the shipping industry.’
A language barrier of sorts may be blocking shipping lines and ports from adopting common technology platforms.
