Maersk

West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.

“Enormous amounts of energy require enormous amounts of space and one thing vessels don’t have is space,” said Milton Bevington during FreightWaves’ Net-Zero Carbon Summit.

Maersk and ZIM ships are being deployed in response to “customers’ increased cargo demands.”

Digging and pulling haven’t freed the giant Ever Given vessel that has stopped traffic in the Suez Canal. The next step might be to lighten the vessel by removing cargo.

Investor-led climate change initiative Climate Action 100+ assessed 159 corporations that contribute most to global industrial GHG emissions to evaluate progress.

The Maersk Eureka is 650 miles off the coast of Alaska awaiting repairs

“Strong winds” are blamed for causing the 20,000-TEU Ever Given to get stuck and block Suez Canal traffic in both directions.

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.

AgTC’s Peter Friedmann said Hapag-Lloyd’s Rolf Habben Jansen failed to mention in a press conference that the container shipping lines are enjoying record profits “while pushing their customers into real financial trouble, some towards bankruptcy.”

ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.

Maersk, the world’s largest container carrier, just reported record quarterly results. And its next quarter looks even better.

In Africa, one seafarer is dead and 15 have been kidnapped. Worldwide, more seafarers are being barred from travel as COVID fears rise.

FreightWaves identifies importers who use the Asia-West Coast service.

A Biden administration teamed with a Democratic Congress should lead to even more stimulus, a recipe for even more container imports.

Like clockwork, liner operators sharply reduce their sailings each year during the Chinese New Year holiday. Not in 2021.

Successful IPO by ZIM would offer investors direct exposure to trans-Pacific freight-rate craziness, but not without risks from debt load.

A look back at 2020’s shipping roller coaster: how container sector emerged as ‘surprise rock star’ and tankers peaked early, then plunged.

Chances slim for 2021 shipping equity offerings, but a container-liner IPO prospect remains on the table.

Will your cargo ship arrive on time? Globally, the chances are now 50-50. In the Asia-U.S. container trade, it’s less than one in three.

Ocean carriers toed the line on capacity control in 2020. What does this new normal mean to shippers, yards and leasing companies?