The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.
Looking ahead, Taiwanese ocean carrier Yang Ming said that “the overall momentum for economic recovery over the next two years still appears relatively weak.”
The container shipping party is over — that’s old news. Yet headlines continue to focus on comparisons to the peak.
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.
HMM acknowledged that “freight rates in most key trade lanes have been under downward pressure since H1 2022.”
Ocean carrier revenues fell sharply in the fourth quarter versus the third and continued sinking in January.
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
DOT should consider trucking and other supply chain costs in its push to expand off-site and inland container facilities, transportation executives caution.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
Yang Ming summed up its second quarter and the first half of 2022 in about 150 words.
Yang Ming’s newest 11,000-TEU container ship will call the Port of Los Angeles on its maiden voyage.
In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.
Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.
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.
Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
The cranes cost $21.6 million to construct; a price tag on vessel and cargo damage has not yet been estimated.
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.
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.
E-documentation initiative establishes data and process standards for bill of lading preparation and issuance.
Air cargo carrier names Yulia Celetaria health care director and forms vaccine task force.
“The outlook of container shipping still remains clouded in uncertainties over the possible comeback of the COVID-19 pandemic and U.S.-China trade conflicts.”
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Cheng Cheng-Mount was appointed to the Taiwanese carrier’s board in 2018.
YM Mandate leaks fuel oil in New Jersey, and the Hong Dai runs aground in Virginia.
South Korean carrier announces opening of fleet control center but doesn’t open up about sailing plans.
Taiwanese carrier’s dry bulk business takes a beating.
Operating profit “turnaround” of more than $300 million reported.
Group of nine container carriers has banded together for digital standardization.
A language barrier of sorts may be blocking shipping lines and ports from adopting common technology platforms.
French carrier trumpets its resilience and agility during coronavirus crisis
Two space-sharing alliances already have canceled 75 voyages through September
Authorities blame heavy seas off Australian coast for loss of medical supplies, household appliances and building materials
Nine carriers in the Digital Container Shipping Association say eliminating paper from transactions will improve all aspects of the process.
Taiwanese carrier among Asian container shipping lines criticized for government subsidies.
The 24,000-TEU Algeciras will make maiden voyage from Qingdao, China, on Monday.
Social distancing will wreak havoc on trans-Pacific and Asia-Europe box volumes.
INTTRA by E2open on Tuesday announced a new technology platform, compliant with the new Digital Container Shipping Association (DCSA) Interface Standard for Track and Trace 1.0, published last week by […]
With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.
Yang Ming Marine Transport Corp. (TWSE:2609) said it had lower revenue and a larger loss in the third quarter of 2019 than in the same period last year. But the […]
Port of Los Angeles approves environmental plan for terminal that accounts for 17% of its container volume.
Import volumes see best month in 2019, but year-to-date still lower.
Yang Ming had an operating profit in the second quarter but notes U.S.-China trade conflict has weakened demand for container transportation.
Taiwan-based box-shipping line, Yang Ming, has set up shop in Jakarta, Indonesia, with joint venture partners. The new subsidiary will be known as “PT Yang Ming Shipping Indonesia”.
As ocean carriers bring in ever-larger container ships to the U.S., the Port of New York and New Jersey says it is ready to handle them. Last week, the YM […]
Yang Ming Marine Transport (TSE: 2609) narrowed its first quarter 2019 loss thanks to higher volumes of container shipments. The Taiwanese liner operator reported first quarter revenue of $1.14 billion, […]
A consortium to improve the technology used in container shipping just got larger with the addition of several big names in the liner business. The Digital Container Shipping Association (DCSA) […]
Keelung, Taiwan-headquartered ocean container carrier Yang Ming has announced that it signed charter agreements on April 10 for four box ships of 11,000 TEU with ship-owning specialist Shoei Kisen Kaisa of Imabari City, Japan.
OOIL and Yang Ming see better revenue growth, but bottom line results diverge as finance and fuel costs hit results.
