Container Shipping News

“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.

Only 7.8 percent, or 392 miles of Puerto Rico's 5,073 miles of road, are open.

The NRF said strong consumer demand will result in calendar year 2017 retail sales increasing between 3.2 and 3.8 percent over 2016.

Japan’s exporters appear to be steadily reducing their reliance on the Suez Canal to reach markets in North and South America.

The Trump administration’s 10-day waiver expired Sunday.

APL on Monday said it will guarantee US importers’ containers won’t be left at the dock in China and Vietnam through a surcharge and a money-back guarantee.

Carriers face "massive overcapacity" through the end of the year.

Last summer’s contract extension by the ILWU and the PMA increased pressure for an agreement on the East and Gulf coasts.

It is holiday time for China’s weary ports and terminal operators that have had a busy three quarters exporting containers to Europe.

The first sailing from Tuxpan is scheduled for Jan. 12.

Of the three container shipping alliances, THE Alliance has the least megaships in operation or on order, a status that could affect competitiveness on Asia-Europe.

The Goods and Services Tax (GST) rollout in July dampened growth in the first half.

Jawaharlal Nehru Port Trust reported a 6.3 percent year-over-year increase in container volume in the first half of the fiscal year.

The government has helped fuel demand by stepping up maritime investments and reforms to push port connectivity.

Drop in spot rate this week indicates carriers' ability to raise rates this peak season is coming to an end.

Unscrupulous companies misdeclare cargo to sell Russian products as higher-quality imports.

Within the last 11 weeks, the spot rate to move a TEU from Asia to the east coast of South America fell more than 42 percent from $3,800 to $2,200