Hapag-Lloyd

For the time being, two ocean services will not call Georgia’s busy Port of Savannah.

“This record result was achieved despite severe congestion around the network,” says the Hong Kong ocean carrier.

Yes, despite the headaches, the ocean carriers are making boatloads of money.

A National Labor Relations Board judge ruled the International Longshoremen’s Association cannot force the use of union labor at the Port of Charleston’s new Leatherman Terminal.

Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.

Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.

U.S. rail terminals that handle imports are still grappling with chassis shortages, although efforts are being made to address overflow at the terminals.

Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year — five times what it earned in 2020.

Ocean Network Express says the “economic environment is now changing” and it cannot forecast what the rest of 2021 holds, but Hapag-Lloyd can. It expects to triple 2020’s EBITDA.

An in-depth look at CEO compensation in container shipping, bulk shipping and the cruise industry

The South Korean ocean carrier says the newbuilds will provide the “capacity and flexibility” to serve its shippers.

Hapag-Lloyd now will add 12 23,500-TEU container ships to its fleet beginning in 2023.

Ocean carriers and Class I railroads both agree that chassis shortages are contributing to volume congestion. But solutions to relieve the congestion rely on multiple supply chain stakeholders, say the railroads.

Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.

From A.P. Møller – Maersk to ZIM, the world’s shipping lines reported huge profit jumps.

“The supply of container equipment is currently one of our industry’s biggest challenges,” says Hapag-Lloyd CEO Rolf Habben Jansen.

A “truly outstanding quarter” lifts net profit from $27 million in 2020 to $1.45 billion this year.

In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.

“Both Hapag-Lloyd and USMX were well aware that the work in question would have been handled by ILA members” if the vessel had gone to another port, the International Longshoremen’s Association lawsuit asserts.

“The container shipping industry is currently seeing unprecedented demand, which has led to a shortage of containers all over the world,” says CEO Rolf Habben Jansen.