he third-largest ocean container carrier, CMA CGM, saw bottom-line improvement as higher rates on vessel diversions amplified a single-digit volume increase.
Western Canada port employers and their longshore union met separately with a federal mediator Saturday, but the talks ended quickly with no new bargaining scheduled.
As a strike by longshore workers cripples container handling, Port of Montreal employers plan to lock out union employees.
Hurricane Rafael, which struck Cuba as a Category 3 storm, is not expected to hit the United States.
Stakeholders from across the supply chain discussed strategies and opportunities at the third annual Houston International Maritime Conference.
As a strike by dockside workers disrupts container handling, Montreal’s port chief executive calls on Ottawa to force union employees back to work.
Ships are waiting at anchor after port employers at Vancouver and Prince Rupert on Monday locked out union forepersons after contract talks broke down.
Hapag-Lloyd’s dual-fuel-powered container ships will replace older vessels and reduce emissions.
An extensive study by a U.N. panel found that Yemen’s Houthi rebels are taking in as much as $180 million a month in protection money from shipowners.
Hurricane Rafael is expected to take aim at the United States after making landfall in Cuba, but the storm’s possible intensity and damage to the U.S. coast remain unclear.
The Swiss container carrier MSC said it is adjusting the port rotation on its United States to South America east coast service.
Alone among major liner operators, CMA CGM of France has maintained scheduled voyages between Asia, the Mediterranean and North America ports via the turbulent Red Sea.
Employers at the Port of Montreal say they will suspend salary guarantees for striking longshore workers who have shut down two container terminals.
The British Columbia Maritime Employers Association representing ocean carriers and terminal operators plan to lock out union forepersons after the International
Longshore and Warehouse Union rejected a final contract offer.
Ocean shipping and logistics services provider Matson saw improved third quarter profits as higher China and domestic freight rates offset mixed container volumes. Operating income was $227 million for the three months ended Sept. 30, up from $118 million in the year-ago quarter, the Honolulu-based carrier said in an earnings release. Revenue from ocean transportation […]
The rapid expansion of global trade has complicated cross-border payments, adding costs and delays and heightening fraud risk. Financial institutions and fintech firms are implementing digital solutions to enhance transparency and security.
Ocean Network Express posted soaring results in the second quarter on strong demand in the major trades, an early peak season in the U.S. and attacks on the Red Sea trade route.
The parent of container liner operator Maersk turned in quarterly revenue and profits higher than a year ago as attacks on Mideast shipping led to higher operating costs – and higher rates for shippers.
The ONE alliance of container vessel lines posted second-quarter revenue on an early peak shipping season thanks to attacks on a key Mideast route and looming East Coast longshore strike.
The parent of Maersk container line said strong demand for shipping services and higher ocean freight rates fueled growth across all businesses as it raised estimates for full-year results.
