The Federal Maritime Commission has opened a probe into possible anti-competitive pacts between Port Houston and ocean carriers.
U.S. Navy warships fought off airborne attacks on a trio of American merchant vessels by Yemen-based Houthi militia.
Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.
Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
COVID container boom continues: Maersk may earn even more this year than in record-trouncing 2021.
Shipping lines are flush with cash and using it to expand into logistics services.
Port congestion forced container ships to go faster. Congestion remains extreme, yet ships are slowing down.
Maersk expands air business after earning more in a single quarter than in any prior full year.
Liner profits still rising: second half looks stronger than first and Deutsche Bank sees even higher earnings next year.
You can’t blame carriers for refusing to stick by a handshake agreement to sell service at pre-negotiated rates or at a discount.
Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.
Container giant earned $5.1 billion in the second quarter and expects earnings of $18 billion-$19.5 billion for the year.
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
1996: At 1,044 feet (318.2 meters) long, the new Maersk ships are longer than the Eiffel tower, but they are still capable of a high speed of 25 knots.
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
