COSCO Shipping
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Maritime
Shipping’s extreme consolidation could prolong supply chain pain
A small number of non-U.S. entities determine vessel and container levels for U.S. ocean supply chains.
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Company earnings
Container shipping’s ‘hockey stick’: Liner profits just keep on climbing
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
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Maritime
US, China, Europe grapple with container shipping bottlenecks
The maritime meeting among trade partners comes as container shipping remains hot.
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Maritime
Shipping lines come out swinging in high-profile profiteering case
Cosco and MSC fight back against accusations that they inflated rates, violated contracts and broke U.S. law.
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Regulatory Agencies
Swiss megaship operator rejects allegations of collusion by US shipper
A U.S. manufacturer defends its complaint filed against container ship giant MSC with the Federal Maritime Commission despite the carrier’s denial of contract violations.
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Regulatory Agencies
US company sues ‘collusive’ ocean carriers, alleging price manipulation
An American company has accused foreign ocean carriers of abusing the container market to pad their profits.
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Maritime
Container lines set to topple quarterly profit records (again)
New disclosures by lines point to massive ocean-carrier profits in the second quarter.
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Maritime
Top 10 liners control 85% of market — and they’re not done yet
Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
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American Shipper
Best of times sure beats worst of times
From A.P. Møller – Maersk to ZIM, the world’s shipping lines reported huge profit jumps.
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Container
Container shipping is about to report blockbuster Q1 earnings
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
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