The 2M partnership between MSC and Maersk — which is breaking up — is the smallest of the three alliances. The Ocean Alliance is much larger.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
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.
“Strong winds” are blamed for causing the 20,000-TEU Ever Given to get stuck and block Suez Canal traffic in both directions.
Reefer capacity is extremely tight across the country and especially out of port markets.
Some ships bypass calls at Port NOLA this week, although Port Houston reports no schedule changes.
Darren Prokop’s commentary concerns whether price gouging is taking place on container shipping between Asian ports and the U.S.
“Optics” are bad but freight pricing doesn’t appear to meet regulatory bar for intervention.
By artificially restricting capacity, carrier alliances have engineered rates higher and may book a profit this year.
An exclusive interview with Sea-Intelligence CEO Alan Murphy on how canceled sailings can signal future demand.
Two space-sharing alliances already have canceled 75 voyages through September
No collapse yet for ocean container spot rates. In fact, they’re up.
Asia-Europe trade sees five sailings cancelled due to coronavirus as global shipping companies remain on lockdown for another week.
Lunar New Year marks traditional ocean shipping slowdown, but U.S.-China trade tiff means extra slack.
Evergreen Marine said third quarter operating income was 11 percent higher than in the same 2018 period, but profit from continuing operations plunged.
Small tariff increase fails to excite demand as rates reach 2-year lows.
At least 15 scheduled sailings from Asia are being temporarily culled due to the Chinese national holiday.
Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.
World’s largest operator of marine terminals saw first quarter throughput at its non-China-based assets grow faster than China-based ones.
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.
Slowdown headed for U.S. import volumes as largest exporter sees economy weaken ahead of prolonged holiday.
New power given to the Federal Maritime Commission to scrutinize the effects of ocean carrier competition has been put on hold by the government shutdown.
Evergreen has added a second and third ultra-large container ship to its China, Europe and Mediterranean service, adding around 6,000 TEU of capacity to the service per week.
Spot markets register tightness in vessel capacity as peak shipping season is only just starting.
