As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
“Strong winds” are blamed for causing the 20,000-TEU Ever Given to get stuck and block Suez Canal traffic in both directions.
Hong Kong-based container carrier moves 1.94 million TEUs during the third quarter of 2020.
The French shipping giant’s network is down.
Critical cargo initiative launched to quickly process imports needed in the fight against the coronavirus.
COSCO Shipping Holdings said its third quarter profit more than doubled.
Port of Los Angeles approves environmental plan for terminal that accounts for 17% of its container volume.
For 235 years China and the U.S. have sought out each other’s markets by utilizing their fleets of merchant ships.
The U.S. Office of Foreign Assets Control said the sanctions do not apply to parent company COSCO Shipping Corp. and other affiliates not involved in the transport of Iranian oil.
Changing trading patterns have seen volumes at the port of Gioia Tauro decline. Its only remaining customer, MSC, is expected to successfully conclude more than two years of talks to acquire the facility in the coming weeks.
