Cosco

The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.

Inflation and economic fallout from the war are curbing demand just as a tidal wave of new ship supply hits the water.

The trend in container shipping is summed up by the adage, “The higher you climb, the further you have to fall.”

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.

Bendix is now making its advanced safety systems available for retrofit for models where it was not factory-installed. Plus, U.S. finds little support for postal rate changes, detention time increasing and air cargo boom may be over.

New power given to the Federal Maritime Commission to scrutinize the effects of ocean carrier competition has been put on hold by the government shutdown.

COSCO shipping came under a cyber attack this week, which reinforces the need for comprehensive cybersecurity regulations within the maritime industry as the future moves towards port automation and autonomous shipping.

Used truck prices in June were changed little month-over-month, but posted a 15% increase over June 2017, according to ACT Research.

China wants to consolidate the Asia-North America container trade and drive supply chain efficiencies by operating a container terminal in Long Beach, but national security concerns may scuttle the COSCO-OOCL merger.

Dale Huang, the CTO of COSCO Network e-Logistics spoke about the importance of blockchain in the logistics and shipping world and how he expects the technology to gain centerstage in the near future.