Legislation approved by the House gives the Federal Maritime Commission more power to investigate potential container market manipulation by China.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
Expectations for peak season have waned, but container lines may have bounced off the bottom.
The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”
Ocean carrier revenues fell sharply in the fourth quarter versus the third and continued sinking in January.
The top 10 liner operators hiked aggregate capacity by 13% in 2000-22 and continue to control 85% of the global fleet.
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.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
President Biden made his case for getting ocean carrier reform on the books by accusing ocean carriers of jacking up prices for consumers.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
A small number of non-U.S. entities determine vessel and container levels for U.S. ocean supply chains.
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
The maritime meeting among trade partners comes as container shipping remains hot.
Cosco and MSC fight back against accusations that they inflated rates, violated contracts and broke U.S. law.
A U.S. manufacturer defends its complaint filed against container ship giant MSC with the Federal Maritime Commission despite the carrier’s denial of contract violations.
An American company has accused foreign ocean carriers of abusing the container market to pad their profits.
New disclosures by lines point to massive ocean-carrier profits in the second quarter.
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.
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
China could decide enough is enough if trans-Pacific rates rise too high.
The Malaysia captain and crew followed instructions from the Coast Guard in the rescue of four people aboard the sailboat Yes Dear.
Orient Overseas Container Line briefly outlines performance for the second quarter and first six months of 2020.
An exclusive interview with Sea-Intelligence CEO Alan Murphy on how canceled sailings can signal future demand.
Pandemic yet to heavily impact Caribbean container transshipment but fallout looms.
World’s second-largest box carrier resolves its website woes.
Lunar New Year marks traditional ocean shipping slowdown, but U.S.-China trade tiff means extra slack.
With less than a month until the IMO 2020 regulations go into effect, Ben Thrower writes about the impacts about to hit the maritime industry, importers/exporters and consumers.
With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.
COSCO Shipping Holdings said its third quarter profit more than doubled.
Extension of “Maritime Silk Road” threatens U.S. economic, military standing.
Confidence elevated after Trump decides to meet with Vice Premier.
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
Four of the largest shipping lines and five ports operators committed to support a blockchain development platform for the shipping industry. Hong Kong-based CargoSmart said the agreement with CMA CGM, […]
Overseas Orient Container Line (OOCL) has sold its Long Beach Container Terminal for US$1.78 billion (HK$13.973 billion) in cash, it was announced today by OOCL’s owner, Overseas Orient International Ltd (OOIL; HKEX:0316). OOIL says that it expects to realize a gain of just under US$1.3 billion from the deal.
OOIL fleet boosts Cosco’s volumes and revenue, but rates were stagnant and high finance costs push profit lower.
OOIL and Yang Ming see better revenue growth, but bottom line results diverge as finance and fuel costs hit results.
Overcapacity and low utilization rates have plagued the Asia to Europe trades for some years, and with a further 1.1 million TEU capacity set to be delivered between now and the end of 2020, the supply and demand ratio is expected to affect freight rates up to the end of 2022.
New container service provides Florida greater and cheaper access to Asia’s exporters; start-up aims to reduce per-diem fees on containers.
Dam collapse could pinch amount of ore heading to water; container crane falls on ship in Canada; Australian port tries to go clean.
Capacity additions set to have knock-on effect for trades into North America; Australia’s port strike to cause Pacific Rim ripples.
Funding aims to keep Port’s market share as more freight moves to intermodal and off the roads.
New group floats alternative blockchain solution for container trade.
COSCO shipping came under a cyber attack this week, which reinforces the need for comprehensive cybersecurity regulations within the maritime industry as the future moves towards port automation and autonomous shipping.
