Container Shipping News

Asia-Europe spot rates gave up ground again this week, but remain substantially elevated from last year.

Rickmers Group posted sharply reduced earnings and revenue in the first nine months of 2016.

It’s far from clear how Donald Trump’s fiery anti-trade deal rhetoric on the campaign trail will translate into his actions as president and their impact on trade, according to an analysis by IHS Markit, parent of JOC.com.

The idled container ship fleet has reached an all-time high even as shipowners sell a record number of vessels for scrap.

Container traffic through Iran’s major ports is soaring, as concerns rise on whether President-elect Donald Trump will follow through with a campaign promise to scrap a nuclear deal with the country and reimpose sanctions.

US importers of containerized goods from Asia should expect to pay more for their 2016-2017 contracts and be prepared to say goodbye to giveaways, such as free detention and chassis, said the head of a discussion group of container lines on Wednesday.

Ocean Alliance, THE Alliance, and 2M Alliance will compete fiercely for market share in the North American trades.

Finnlines posted its best every quarterly result despite sluggish economic growth in Europe.

Container lines are seeking to lock the higher trans-Pacific spot rates that resulted from the collapse of Hanjin Shipping into long-term service contracts.

US containerized importers will turn up the heat in the last two months of 2016.

Matson's third-quarter profit declines due to soft volumes in the Hawaii, Alaska and China trades

THE Alliance on Tuesday announced details of its network of routes and port calls.

Container lines struggling against overcapacity got a glimmer of hope that overcapacity could be beaten back after it was announced container ship demolition has hit an all-time high.

Maersk's pilot program to reduce harmful emissions from ships calling in LA-LB will contribute to ports' clean-air program.

Doubts that Hanjin Shipping wouldn’t join the THE Alliance began once the liner was placed in receivership Aug. 31, fueling speculation that HMM might take its place.

Medium-sized container lines likely will trigger the next round of consolidation in a bid to keep pace with the market leaders that are pulling ahead following a wave of mergers.

Freight rates are on the rise on the Asia to east coast of South America trade lane following a drastic reduction in capacity.

More evidence of shippers’ engaging in a “flight to quality” by favoring container lines perceived to be stable following the Aug. 31 Hanjin Shipping bankruptcy came from Maersk Line's third-quarter results released this week.

November should signal the end of the peak-shipping season in the eastbound trans-Pacific trade, but spot rates suggest the peak season is still in swing.

The credit ratings agency Moody’s has downgraded the rating for Nippon Yusen Kabushiki Kaisha, parent of NYK Line.

Spot rates slip with little demand to support the Nov. 1 increases.

The container shipping market is concentrated in the hands of fewer players, which might improve profitability.

Yang Ming Line Chairman Bronson Hsieh has dismissed market speculation that his Taiwan line could merge with Evergreen Marine.

Eimskip will acquire the Norwegian short-sea operator Nor Lines, the latest purchase by the Icelandic container line, which has made expansion via acquisitions a key goal.

The Ocean Alliance has released information on its network that begins on April 1, 2017, with the trans-Pacific to see the largest number of loops and port calls.

A Boston Consulting Group analysis released Wednesday predicts that overcapacity in the shipping industry will significantly worsen.

Rising volume was not enough to offset a sharp fall in freight rates that dragged Maersk Line to a third-quarter loss of $116 million.

For decades, the Japanese lines have competed fiercely for their share of the container market, but that has ended with the agreement to merge liner operations.

The judge hearing Hanjin Shipping bankruptcy motions in the United States has rejected a request by retailer Ashley Furniture to set up an “administrative freeze” on freight payments it owed to the carrier.

Hapag-Lloyd has filed concessions to European Union competition regulators to secure approval for a planned merger with the United Arab Shipping Company.

Maersk Line will announce its third-quarter results on Nov. 2, the first set of financials by the world’s largest container line since CEO Soren Skou outlined a strategic review of the group in September.

A merged NYK Line, “K” Line, and MOL would be the dominant mover of containerized goods from Asia to the United States if operations were to begin today.

Japan’s Big Three container lines downgraded their full-year earnings forecasts and said they expected record losses as their fiscal first-half results illustrated the financial difficulties that motivated their Monday announcement they would merge.

Rickmers Maritime Trust plunged to a net loss in the third quarter from a profit a year earlier.

Container lines face “huge” headaches as they seek routes to deploy vessels made redundant on the Asia-Europe trade lane.

With no turnaround for container shipping in the foreseeable future, the three largest Japanese shipping companies are merging.

Three Japanese lines seek scale benefits in move to merge container divisions.

Some shippers will have to pay premiums to get on vessels during this late peak season.

Hyundai Merchant Marine is one of five bidders for the trans-Pacific and intra-Asia networks of bankrupt Hanjin Shipping.

The operational update of Orient Overseas Container Line is a perfect reflection of the dismal operating environment container lines are trapped in — more cargo is being carried on major trades for less revenue.