U.S. rail terminals that handle imports are still grappling with chassis shortages, although efforts are being made to address overflow at the terminals.
A.P. Moller – Maersk expects to save about 1 million metric tons of CO2 emissions annually with eight dual fuel container vessels.
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year — five times what it earned in 2020.
With its acquisition of Visible SCM earlier this month, Maersk added one of the final components of its e-commerce strategy.
Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.
With the acquisition of Visible SCM, Maersk customers can now reach 75% of the U.S. D2C market within 24 hours.
Container giant earned $5.1 billion in the second quarter and expects earnings of $18 billion-$19.5 billion for the year.
The Federal Maritime Commission is auditing container lines to evaluate potential abuse of leverage against exporters.
An in-depth look at CEO compensation in container shipping, bulk shipping and the cruise industry
The biggest container shipping line in the world says container traffic at the massive Port of Yantian in China is moving much better after COVID restrictions were recently lifted. But exporters have a long way to go before ocean shipments go smoothly again.
Ocean carriers could make up for two decades’ worth of losses in a single year as demand overwhelms vessel supply.
NS is working to repair a defect that could affect over 5,000 chassis. The repairs come amid high congestion at terminals and intermodal facilities across the U.S.
The Port of Yantian is operating at 100% on the vessel side again after a month of delays, but that doesn’t mean the container buildup will get resolved soon.
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.
Congestion is cutting liner capacity just as freight rates are at all-time highs, incentivizing carriers to buy or charter more ships.
Out of an abundance of caution, carriers like Maersk extended the suspension of vessels into the ports from May 31-June 6.
Ships at anchor are unlikely to clear by peak season. Congestion is forcing wide-scale voyage cancellations.
Maersk reveals more details on its shift toward long-term contracts at the expense of spot exposure.
