Container Shipping News

Cosco Shipping is heading for the world's number three container line position, with its rapid expansion boosted by the Chinese government.

The improved performance came amid preparations by the three companies to merge and operate as a single company.

The South Korean carrier has made steady inroads into the trans-Pacific and intra-Asia trades.

The proceeds of a share sale will be used by Cosco Shipping to fund the construction of 20 new container ships, 11 of them in excess of 20,000 TEU.

Capacity management has enabled the carriers to build profitability in 2017 after six years of losses, but a reluctance to withdraw vessels could drag down gains as service contracts begin.

Continued slow growth in the global economy suppressed revenue at the world’s top 50 transportation service providers.

Spot rates from Asia to the US East and West coasts increased for the first time in two months.

Efforts to bolster coastal shipping to ease port congestion and lower logistics costs gain momentum.

OOCL posted a solid set of operational results for the third quarter with revenue and volume rising sharply, especially on Asia-Europe.

It has taken 13 weeks and several rate increase attempts, but the Asia-Europe spot market responded positively this week.

“The Receita Federal is intent on pushing the pedal of pain down this week.”

It is difficult to plan for shipments with all the schedule changes and with no real visibility solutions allowing shippers to find and manage their cargo.

The United States is the largest market for Brazilian coffee exports.

Bangladeshi shipping officials are hopeful that a surge of inland waterway capacity will drastically cut shipper costs and congestion.

Exports from Europe were delayed for weeks from February as capacity tightened.

Carriers will enjoy a profitable 2017, but whether that will continue is dependent on shipping lines maintaining disciplined capacity management.

“Carriers have to be willing to concede that there is interplay between the long-term contract, and spot rate customers, and that rate actions taken in the spot market can negatively impact contract shippers.”

The cost for shipping from Novorossiysk to Istanbul has fallen substantially.

By 2020, hub ports in Europe can expect the vast majority of all calls to be made by ships with a capacity greater than 14,000 TEU.

How the Port of New York and New Jersey handles the ramp up in business will go a long way in determining the port’s future growth.

With the peak-shipping season drawing to a close, spot rates on US imports from Asia basically flatlined.

APL is expanding its intra-Asia footprint and has teamed up with a sister company to launch a new Korea service.

The Cosco-OOCL takeover and the merger of Japan's three carriers into ONE show two very different approaches to M&A.

With just two months left of the year, carriers trying to turn around the steady rate decline on Asia-Europe are battling against a structural overcapacity undermining all attempts at increasing rates.

The shipping industry is about to register a significant milestone.

The ports of Los Angeles and Long Beach will soon release the final draft of an update to its historic Clean Air Action Plan.

There was no slowing down Chinese containerized exports in September, but the double-digit growth continued to be accompanied by steadily declining freight rates.

Pasha Hawaii is pulling a 37-year-old ship out of layup.

The landside ability of the supply chain to handle volume generated by mega-ships must improve before carriers can achieve the lower unit costs their deployment promises.

Debt levels will be targeted by German carrier Hapag-Lloyd's capital increase that was successfully completed on Oct. 16.

Just how different carriers and their customers view the container shipping business was illustrated during an executive panel at JOC’s TPM Asia conference in Shenzhen.

Offering the right solutions and not the lowest price will be the way carriers can differentiate themselves, believes the APL CEO.

Disruption is unavoidable for container shipping as multiple technologies converge with unprecedented speed.

Nittsu Research Institute and Consulting Inc. has again revised upward its outlook for Japan’s container trade in fiscal year 2017.

The post-Golden Week slow demand season and surplus capacity has pulled down rates across the east-west trades.

It is common for US container ports to give priority to ultra-large container ships over smaller vessels in the use of their port channels.

The low-sulfur fuel rule taking effect in 2020 is likely to usher in “a paradigm change” akin to the introduction of mega-ships.

The positive forecast from Cosco highlights the continued strength of the market.

ExxonMobil said that it expects new fuel formulations will appear in order to meet demand for bunkers with a sulfur content of 0.5 percent.

French liner giant CMA CGM sits on both sides of the fence at the Kingston Freeport Container Terminal.