Container Shipping News

The inability to communicate remains a serious issue, the carrier said.

Maersk was among several companies hit by the cyberattack.

The Danish transport and energy group said its IT systems are down across multiple sites and business units.

The Cape Sounio is the largest vessel in the Israeli ocean carrier’s fleet.

Canada’s economy is expected to pick up steam in 2017, with real GDP growth forecast at 2 percent for the year.

Eastbound Pacific spot rates to East and West coasts edge lower for the third straight week.

Orders from Europe are rising with a strong peak season on the cards, but growing volumes could spell space issues and equipment shortages in the months ahead.

There was little movement in China-Europe spot rates with a week to go to the July 1 rate increases and peak season surcharges also in the pipeline.

Starting Sunday, officials at the Port of New York and New Jersey can discuss a contentious per-container charge with major container lines, after a tied FMC vote.

The Taiwanese carrier announced the recapitalization plan in late 2016.

The unemployment rate of the global fleet continues to edge higher.

The decision comes just days before the new joint venture Ocean Network Express was expected to be formed.

Maersk Line India in a trade advisory said the one-stop freight link from cargo origins is more economical and reliable than air cargo transportation.

Maersk currently has 18 Rickmers vessels in its fleet.

Germany’s second-largest container carrier after Hapag-Lloyd boosted traffic by 7.2 percent.

Freight rates on the trans-Pacific have fallen well off levels reached in the fourth quarter of 2016 as carriers in the highly competitive trade route chase after market share.

Financial improvement for container shipping companies may be short-lived if carriers mismanage ship capacity on the way, Fitch Ratings said Tuesday.

Total US business logistics costs dropped in 2016 for the first time in seven years, the 2017 State of Logistics Report says. Are they poised to bounce back?

The Russian economic recovery is driving dramatic increases in ocean shipping freight rates.

The future of a once-influential and now-shrunken discussion group of carriers in the trans-Pacific is uncertain after members agreed to stop discussing rate and surcharge guidance.

"There is other business pending that must be addressed before the commission can turn its attention to this matter,” an FMC spokesman told JOC.com

Spot rates in eastbound Pacific slide again this week as peak-season cargo surge is still a few weeks away.

Maersk Line and Hapag-Lloyd will post sharply higher earnings this year.

Carriers are not having any success in lifting freight rates despite two June attempts.

The long-anticipated sea change in trans-Pacific shipping networks is well underway a year after the Panama Canal opened its expanded lock system.

A Panama Canal Authority plan to build a big new container terminal in Corozal near the Pacific entrance has foundered on legal challenges.

US exporters are scrambling to find containers, with some coming up empty-handed.

Only 28,000 TEU were sold for demolition in May.

French carrier CMA CGM declared Tuesday that it will buy Brazilian flag carrier Mercosul Line from Maersk Line.

A year after the implementation of the Safety of Life at Sea (SOLAS) requirement, the once hot-button fears about the regulation have disappeared, but doubts on the accuracy of declarations linger.

The move spurred by the diplomatic row that effectively cut off supply chains to and from Qatar.

The two sides failed to reach agreement at their last meeting on June 1.

The Indian subcontinent is expected to continue generating growth in container volume, with carriers introducing services that connect India, Sri Lanka and Pakistan to the hub ports of Asia and the Mediterranean.

The $228 million deal comes in the wake of similar deals in Europe, Asia, and the Middle East — including the purchase of Rotterdam’s Euromax Terminal and a majority stake in Greece's largest port, Piraeus.

Freight rates are soaring.

The Oslo-based company said it will spend the cash on buying additional feeder ship.

SHIP-LOG’s management team will retain 25 percent of the company’s shares and will manage its operations.

The closure caused heavy losses for shippers, carriers, and terminal operators.

Spot rates on the major east-west trade lanes this week retreated after a brief uptick.

US lawmakers have introduced legislation that would expand the powers and the purse strings of the FMC to “oversee and intervene” on behalf of port service providers.