COSCO Shipping
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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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Container
Red-hot ocean rates could spark government intervention
China could decide enough is enough if trans-Pacific rates rise too high.
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American Shipper
COSCO container ship crew rescues sailors in Gulf of Mexico
The Malaysia captain and crew followed instructions from the Coast Guard in the rescue of four people aboard the sailboat Yes Dear.
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