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.
The South Korean ocean carrier says the newbuilds will provide the “capacity and flexibility” to serve its shippers.
Hapag-Lloyd now will add 12 23,500-TEU container ships to its fleet beginning in 2023.
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.
The South Korean container carrier expects the Suez Canal backlog to be cleared by the time the HMM Nuri arrives in mid-April.
Korean container carrier HMM expects equipment and capacity shortages to continue at least through the end of the first quarter.
Ocean Network Express takes giant profitability leap — from $5 million to $944 million year-over-year.
Hapag-Lloyd credits higher freight rates and lower bunker prices as “the main drivers of these positive business developments.”
Hapag-Lloyd and ONE have ordered 12 ultra large container ships, all of which will be able to carry more than 23,500 TEUs.
Port Houston will be the first U.S. port of call in THE Alliance’s new direct Asia service. The trans-Pacific EC6 service will begin in Kaohsiung, China, and reach the U.S. […]
South Korean carrier announces opening of fleet control center but doesn’t open up about sailing plans.
Operating profit “turnaround” of more than $300 million reported.
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
European Commission scrutinizing financial incentives from South Korean government
Ocean carriers not looking at additional trans-Pacific services as Phase One deal unlikely to stem trade slowdown.
Lunar New Year marks traditional ocean shipping slowdown, but U.S.-China trade tiff means extra slack.
HMM had an increase in revenue and smaller loss in third quarter when compared to the same 2018 period.
Delays, diversions and weekend gates as ports get back to normal schedules.
Sixth largest container shipping firm cites Asian demand for fresh food as prompting the move.
COSCO Shipping Ports (HKEX: 1199) reported higher revenue and volumes for the first half of the year. But the spin-off of a stake in one of its port assets and […]
Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.
Member of THE Alliance is latest ocean carrier to experience financial difficulty amid a still volatile rate environment.
Spot markets register tightness in vessel capacity as peak shipping season is only just starting.
