The Federal Maritime Commission said it is closely monitoring retaliation by China against Panama-flagged ships that could compromise the U.S. supply chain.
Maersk has promoted its Asia Pacific chief and former Schenker executive to lead its North America business.
China is pushing for state-owned ship operator Cosco to acquire a controlling stake in a $22.8 billion deal for global ports that include two Panama Canal hubs.
Maersk has appointed a new CFO and shifted regional business leaders, including for North America, as rival carriers chip away at its dominant position in the global shipping business.
The Suez Canal Authority held discussions with major ocean shipping lines to discuss a return to the strife-torn Red Sea route.
Container rates on the eastbound trans-Pacific fall by double-digits as ocean shipping braces for new U.S. port fees.
China sets new port fees, could bar U.S. ships in retaliation for charges on Chinese shipping set to take effect in October.
Maersk won’t levy a surcharge when U.S. fees on China-linked ships take effect in October.
House lawmakers advanced legislation to analyze how China builds, buys and owns ports around the world and to provide alternative options to potential investors.
Washington added China’s Cosco shipping line and two of its largest shipbuilders to a blacklist of companies it said were directly tied to the People’s Republic of China military apparatus.
President Joe Biden broke his silence Tuesday on the port labor dispute by backing the striking dockworkers.
Global ocean carriers are targeting the growing trade from China to Mexico with new express services.
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.
