The Federal Maritime Commission rejected a request by ocean lines to shorten the notice period for rate hikes amid the conflict in Iran and the Strait of Hormuz.
Maersk’s Sam Coiro explains how the ocean giant uses its existing fulfillment infrastructure and multi-carrier network to deliver packages coast to coast with one label, one invoice and one tracking number.
Maersk’s CEO said the closure of the Strait of Hormuz has effectively trapped 10 of the line’s ships in the Persian Gulf.
The largest container vessel lines shifted operations as Iran attacked Persian Gulf ports and tanker vessels in the Strait of Hormuz.
Just weeks after returning, Maersk will again divert some voyages, including a U.S. service, away from the volatile Red Sea-Suez Canal route.
Maersk says it’s digging out from the record blizzard that shut down handling at its Port Newark-Elizabeth container terminal.
Container rates continued to fall on Asia-U.S. trade lanes as shippers wait out the Lunar New Year holiday.
Zim, Israel’s flag ocean carrier, confirmed it will be acquired by Hapag-Lloyd of Germany for $4.2 billion.
Hapag-Lloyd said it is in advanced negotiations to acquire the Israeli flag carrier.
A Hong Kong port terminal operator has threatened legal action after its Panama port contracts were cancelled.
Muted demand marks the trans-Pacific container market post-Lunar New Year as ocean freight rates are easing earlier than usual.
Hapag-Lloyd container volumes increased on robust trade growth but diverted voyages away from the Red Sea hurt average freight rates.
Overcapacity and global trade headwinds sent Maersk to a Q4 pre-tax loss on container volumes that improved by 8%.
The Chinese company operating ports at the Panama Canal has filed for arbitration after a high court voided its contracts.
One of the biggest ocean container shipping partnerships said it will return to the Red Sea-Suez Canal trade route with help from naval forces.
Maersk Air Cargo is giving up on Boeing 767 freighters for trans-Pacific service and cutting ties with partner airline Amerijet as it transitions to the use of larger, more economical 777 jets.
The Hong Kong company that operates ports at the Panama Canal will have to relinquish control after a court ruling.
A chilling video by Yemen’s Houthi militia seemed to threaten more violence against Red Sea shipping if the U.S. attacks Iran.
Ocean container shipping holds its collective breath as Trump threatens new EU tariffs over Greenland purchase.
A return of major liners to the Red Sea could return massive capacity to shipping and further pressure rates in an uneven market, an analyst says.
