The Los Angeles Board of Harbor Commissioners narrowly approved a permit that would allow Maersk’s (Nasdaq OMX: MAER) terminals subsidiary to automate container moves at the largest marine terminal on the U.S. West Coast. The board voted three-to-two against an appeal of the permit filed by the local chapter of the International Longshore and Warehouse […]
Market expert Brian Aoaeh writes about the new Digital Shipping Container Alliance and why standards are important to industry. He also writes about why getting standards written and adopted is particularly difficult.
While most trade lanes grapple with overcapacity and weak rates, the trans-Atlantic westbound market is one bright spot for ocean carriers. One market expert credits a strong U.S. dollar and capacity discipline as the keys to keeping that market firm. Globally, spot container rates are stuck at one-year lows. The Freightos Baltic Index (SONAR: FBX.GLBL) […]
Rates are rising for bulkers and gas carriers, while container pricing on the trans-Pacific is showing signs of life.
Global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) today announced they will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by A.P. Moller – Maersk and IBM.
Improved vessel utilisation is the key to maintaining profitability in what is expected to be a challenging market according to Soren Skou, Chief Executive Officer of Maersk (Nasdaq OMX: MAER). The company has maintained a tight rein on capital expenditure over the past year with no large terminal projects or costly new ships ordered and […]
The Saudi customs has successfully piloted its first shipment through TradeLens, a blockchain-based platform developed collaboratively by Maersk and IBM.
There are some positive signs for shipping rates, but overall, disappointment prevails.
Saudi Arabia Customs successfully transported a container to the Port of Rotterdam using blockchain for the packing list and commercial documents.
A consortium to improve the technology used in container shipping just got larger with the addition of several big names in the liner business. The Digital Container Shipping Association (DCSA) said France’s CMA CGM, Taiwanese carriers Yang Ming and Evergreen Marine, Korea’s Hyundai Merchant Marine and Israel’s ZIm are joining the group. The Amsterdam-based […]
White House makes sudden u-turn on tariff truce, upsetting calm in financial markets. President Donald Trump ended the spring truce in the U.S.-China trade war this weekend, with threat to go forward with higher tariffs on $200 billion of Chinese imports. He also upped the ante with a promise to add tariffs on another $325 […]
Putting export-import documents online may make a difference between container arriving to customer on time or sitting in a warehouse.
Korea’s only remaining container ship line may want to go beyond its slot sharing deal, but Western carriers wary on subsidized shipping.
LA caught between straits of labor and capital; group looks for ocean freight’s Esperanto; and digital-first forwarder gets $20m funding.
‘Discretionary’ cargo may look elsewhere for U.S. dock space should the biggest terminal in the biggest port not find ways to be more efficient.
World’s largest ocean freight forwarder adds money-back guarantee and carbon offset to what is now considered ‘table stakes’ in ocean freight.
Could this be the year ocean carriers get shippers to pay up? It may be if they want a ‘get-on-the-boat rate’ and not just a ‘paper rate.’
Head of its former energy business departs as almost all of the oil-related businesses are now separated from container ship giant.
Chairman makes mea culpa on previous energy bets as he pledges the focus will be making container shipping simple and easy.
Lack of buyer interest means offshore support vessel service will remain on Maersk’s books for foreseeable future.
