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container shipping

Stuart Chirls Wednesday, January 29, 2025

Maersk wins China cargo relay extension

Maersk has won an additional two years for domestic container transshipments between ports in China. China’s Transport Ministry this week announced an extension of the pilot cabotage program through December 2027. The program aims to improve domestic export and import container flows between Yangshan port in Shanghai and select ports in northern China. It will […]

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Stuart Chirls Tuesday, January 28, 2025

Will container purchase prices continue their climb?

A strong shipping market helped secondhand container prices grow to an above-average finish in 2024, but it’s unclear whether that will be sustained heading into the new year. “With inflationary pressures persisting and central banks maintaining higher interest rates for longer, container owners will face increased total asset costs,” said Christian Roeloffs, co-founder and chief […]

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Stuart Chirls Thursday, January 23, 2025

First look: CSX profit falls in Q4

CSX Corp. today reported fourth-quarter 2024 operating income of $1.11 billion that fell compared to $1.32 billion in the prior year period.  Revenue totaled $3.54 billion for the quarter, off 4% year over year as declines in fuel surcharge and coal revenue offset higher pricing, merchandise volume and volume growth in intermodal. Net income was […]

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Stuart Chirls Wednesday, January 22, 2025

Sola to head Federal Maritime Commission

Louis Sola has been designated by President Donald Trump as chairman of the Federal Maritime Commission. Sola, a Republican, has served as an FMC commissioner since 2019 when he was nominated during the first Trump administration. The FMC is an independent federal agency responsible for regulating international ocean commerce as it relates to U.S. interests. […]

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Stuart Chirls Friday, January 17, 2025

ILA to review tentative longshore contract; union ratification vote next

The International Longshoremen’s Association expects to shortly take the next steps toward ratifying a new contract with East and Gulf Coast port employers.  Union leadership will be scheduling meetings “in the next few weeks” with ILA wage scale delegates to review the tentative agreement with terminal operators and ocean carriers of the United States Maritime […]

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