Container line Zim hit by exposure to falling spot rates
Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.
Trans-Pacific spot container shipping rates continue to head lower. Zim appears more at risk than some of its rivals.
Hapag-Lloyd bookings point to a gradual unwind of the container shipping boom, not a crash.
NOAA Fisheries aims to reduce whale strikes on the East Coast of the United States with new vessel speed regulations.
Shipping lines are still racking up extraordinary profits. Hapag-Lloyd forecasts continued strength in the second half.
Last year was historically strong for some maritime businesses, terrible for others. No matter what the sector, maritime CEOs made millions.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
OceaNS Bridge Express, a partnership among NS, Union Pacific, Hapag-Lloyd and the Port of Virginia, could be a means to avoid West Coast port congestion while taking advantage of East Coast port capacity improvements.
“We are pleased with this settlement as it creates a common understanding in close cooperation and coordination with the authority on the future handling of demurrage and detention charges in the U.S.,” Hapag-Lloyd said.
Ocean carrier Hapag-Lloyd sees consumer demand and spot rates slipping, with market highs in the rearview mirror.
More than 20 years after the planning began, the Port of Savannah shipping channel has been deepened to 47 feet at low tide.
“Africa remains an important strategic growth market. Particularly for our service offering from and to South Africa, DAL is a valuable addition, allowing us to offer our customers a better network and additional port coverage in this region,” said Hapag-Lloyd CEO Rolf Habben Jansen.
Hapag-Lloyd is keeping its guard up after discovering a copy of its website that could have been used to steal the logins of the shipping line’s customers and employees.
Congressional watchdogs are alleging predatory pricing by three major container ship operators and want answers by March 16.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
Of 18 companies that Friend of the Sea evaluated, it identified Hapag-Lloyd as “the international shipping company most committed to minimizing the risk of whale ship strikes.”
“Everything we have sails. Every box we have we try to move,” says Hapag-Lloyd CEO Rolf Habben Jansen.
California drayage company Orange Avenue Express alleges ocean carrier Hapag-Lloyd is forcing it to act as a storage facility for refrigerated containers.
A container vessel made an emergency call at a Mexican port so sailors could seek medical attention for COVID-19.
Rates expected to remain strong into 2022, fallout from new ship deliveries in 2023-2024 to be muted.
A small number of non-U.S. entities determine vessel and container levels for U.S. ocean supply chains.