Container Shipping News

Container shipping is only at the very beginning of a recovery after six years of losses, but new ship orders could hold back an industry-wide return to profitability.

Shippers and forwarders, some already bruised following the rollout of new global container shipping alliances and subsequent delays in the trade between China and Europe, are preparing for more pain and disruption.

Industry analysts predict that growing peak-season volumes will catch up with capacity in the short-term.

Cargo transportation providers along the Texas coast are preparing for major disruptions from Hurricane Harvey.

Steady demand ensures no wild swings in Asia-Europe spot market, with the rate rising slightly this week.

The sharp rise in revenue was mainly due to an 84 percent surge in the freight forwarding division.

Finding slot space has become trickier in recent weeks.

The ships will be built by Keppel AmFELS in Brownsville, Texas.

The service, which will run until February, began last week.

The Panama Canal has the same number of weekly loops as it did before its expansion.

CMA CGM has signaled its intent to order nine 22,000 ships that, if delivered before 2019, will add to the huge amount of mega-ship capacity coming in to the Asia-Europe trade.

The wake-up call to the cost of unsustainably priced freight sent by the demise of Hanjin Shipping may be short-lived.

Coastal cooperation with domestic peers could be a major driver of that liner turnaround.

Copenhagen-based Maersk has been seeking to reduce its exposure to the energy market.

The new investment brings its total venture capital funding to $13 million.

Carriers will have to reduce services or risk upsetting the supply demand balance as a massive injection of capacity is delivered between now and 2019.

At least three carriers have pre-filed general rate increases.

The move would heighten competition in a key US domestic market.

After getting off to such a strong start that rates soared and space on ships ran out, exports from Europe to Asia fell steadily in the second quarter.

Spot rates on Asia-Europe fell slightly this week as carriers and shippers regroup in the second half of a relatively solid peak season.

Port of Los Angeles and GE Transportation will expand their pilot program across the entire port to establish a single electronic platform through which port users can share shipment information in a secure environment.

Log-In Logistica is reeling following the loss of 47 containers into the sea and a decline in volumes in the second quarter.

The idle container ship fleet has crept slightly higher.

The offering starts Aug. 27 and lasts eight weeks.

After chasing market share during the rate wars of 2016, Maersk Line is now concentrating on maintaining profitability in the recovering market.

A new bilateral agreement could open China’s huge market to US rice as early as next year.

All proceeds from the sale have been paid to an HSH Nordbank-led syndicate.

Maersk Line had a good second quarter and expects this to continue, and not even a possible $300 million third quarter hit from the cyber attack will derail its full-year profit expectations.

Brazilian chicken exporters are cheering.

Niche carriers either greatly overperform or dramatically underperform the top 16 carriers.

Trade between Charleston and the United Kingdom is growing faster than trade between the United States and the United Kingdom as a whole.

Singapore carrier PIL and port operator PSA are exploring blockchain technology with IBM, the latest container shipping industry players to link up with the IT giant.

The rule would reduce emissions that contribute to global warming, which threatens the long-term viability of international supply chains.

The new terminal, pulling in grain carloads from the western Canadian provinces and the US Midwest, will help alleviate equipment shortages for North American outbound moves.

Clarksons’ first-half profit jumped 25 percent.

Rising demand and improving economies are driving up world container throughput.

The number of top global carriers has fallen since 2014.

Divers have located a tugboat involved in a collision with the Mercosul Santos.

Announcements this week from West Coast ports revealed some unusually strong import numbers.

The new depth is still shy of the original draft.