The world’s largest asset manager could back an effort by the world’s biggest container line to buy the busiest container terminal at the leading U.S. East Coast port.
Mediterranean Shipping Company earned a substantial fine from the Federal Maritime Commission for three separate Shipping Act violations.
The U.S. Army Corps of Engineers has approved construction of the Sparrows Point Container Terminal project backed by Mediterranean Shipping Co.
Maersk has promoted its Asia Pacific chief and former Schenker executive to lead its North America business.
Israel-based Zim said it is evaluating multiple acquisition proposals reported to include Maersk, MSC and Hapag-Lloyd but has ruled out a buyout by its CEO.
China is pushing for state-owned ship operator Cosco to acquire a controlling stake in a $22.8 billion deal for global ports that include two Panama Canal hubs.
Maersk has appointed a new CFO and shifted regional business leaders, including for North America, as rival carriers chip away at its dominant position in the global shipping business.
Hapag-Lloyd wants to buy Israel’s Zim container line, but Arab investment in the German company could push a deal to another suitor.
MSC, the world’s largest ocean container line, may re-flag some vessels in India to align with new shipping rules.
While Israel and Hamas meet to discuss a U.S. proposal for ending the war in Gaza, it’s uncertain whether a peace deal will return major shipping lines to the Red Sea and Suez Canal.
Officials in Panama say Hong Kong-based CK Hutchison Holdings’ contract to run two ports at the Panama Canal has cost the nation $1.3 billion. U.S. investment firm BlackRock is spearheading a possible purchase of the ports’ operations.
The Port of Jacksonville is taking on a larger role in 2025 as ocean container lines add the north Florida hub to their global services.
Global ocean carriers are targeting the growing trade from China to Mexico with new express services.
Maersk, the giant ocean shipping carrier, is testing a U.K. airport as a possible import base for its cargo airline.
The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.
Mediterranean Shipping Co., the largest ocean carrier in the world, is expanding its fledgling air cargo airline with an acquisition.
Mediterranean Shipping Co. is part of a new breed of ocean carriers trying their hand as cargo airlines.
This week in Borderlands: Experts see strong cross-border flatbed demand this year; Tesla breaks ground on Texas lithium refinery; DHL invests $120 million to expand operations in Mexico; and Mediterranean Shipping Co. opens Arizona office.
MSC Air Cargo, the airfreight arm of Mediterranean Shipping Co., has named ECS Group to handle functions in two major markets.
Members of Congress discussed container carriers’ antitrust exemption, along with how to implement the Ocean Shipping Reform Act, on Tuesday.
More than 43,500 people in Turkey and Syria have died as a result of the Feb. 6 earthquake, which the United Nations is calling a “once-in-a-generation disaster.”
Speculation is swirling on how the end of a global container shipping alliance will affect ocean carriers and cargo shippers.
Shipping services around the globe will be reconfigured after the top two carriers end their vessel-sharing agreement.
The biggest container ships sailing on the oceans can carry more than 24,000 TEUs and are as tall as the Empire State Building.
The U.S. could seek forfeiture of the MSC Gayane, a large ship involved in an infamous smuggling operation, says Bloomberg Businessweek.
The Port of New Orleans has received $800 million from two major trade operators toward a planned $1.8 billion container facility.
Mediterranean Shipping Co. is moving up plans to inaugurate its air cargo airline, offering service between North America, Europe and Asia.
Mediterranean Shipping Co. is taking to the skies with a new cargo airline, following on the heels of other ocean shipping lines with air divisions.
A flood of newly built container ships will be delivered by shipyards in 2023-25. Can liners maintain pricing power?
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
COVID has been great for container shipping, terrible for cruising. What does this mean to MSC, which is big in both?
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
MSC, a giant shipping line, wants to buy an Italian airline. If successful, it will then be in the passenger airline and air cargo businesses.
MSC sues Deere, patent owner sues six shipping lines, box-overboard cases pile up, and Hanjin’s ghost tries to collect.
Shipping lines are flush with cash and using it to expand into logistics services.
The latest example of an ocean carrier expanding into the logistics space involves MSC trying to buy a piece of Bolloré Logistics.
A small number of non-U.S. entities determine vessel and container levels for U.S. ocean supply chains.
The maritime meeting among trade partners comes as container shipping remains hot.
New details on record 2019 cocaine haul aboard MSC Gayane — which may not have been the first run — as U.S. wraps up convictions.
Cosco and MSC fight back against accusations that they inflated rates, violated contracts and broke U.S. law.
A U.S. manufacturer defends its complaint filed against container ship giant MSC with the Federal Maritime Commission despite the carrier’s denial of contract violations.
The container ship now is expected to anchor in San Pedro Bay on May 1.
More than a third of the crew on the MSC Gayane smuggled cocaine in June 2019. The first prison term has just been handed down.
Pearl service customers’ imports likely will be delayed arriving from Asia.
Twenty tons of coke was found aboard an MSC ship in 2019. MSC just revealed that it’s spending $100 million more on security in response.
The lack of Lunar New Year shutdowns contributes to the busiest February on record.
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?
The French shipping giant’s network is down.
China could decide enough is enough if trans-Pacific rates rise too high.
As prosecutors rack up guilty pleas in 2019 case, more coke crosses via ship from South America to Europe in 2020.
U.S. importers turn to Chinese sellers in the wake of COVID.
To view more FreightWaves infographics, click here.
To view more FreightWaves infographics, click here.
Ports on the Atlantic are losing imports from Europe as well as Asia.
Developed by A.P. Møller – Maersk and IBM two years ago, the neutral platform was publishing 2 million events per day within a year and a half.
A new interview with AgTC’s Peter Friedmann on how China COVID fears affect U.S. food exports.
U.S. shippers importing cargo from Asia are getting some price relief.
“Optics” are bad but freight pricing doesn’t appear to meet regulatory bar for intervention.
Carrier recognizes ‘the importance of digitalization across the shipping industry.’
New court documents shed light on a shipboard drug ring.
Clients can help support a hydroelectric power project in China and a forest protection program in Zimbabwe
An exclusive interview with Sea-Intelligence CEO Alan Murphy on how canceled sailings can signal future demand.
Two space-sharing alliances already have canceled 75 voyages through September
Liners could scrape bottom over next two months, then recover.
Here it comes: Ports will soon feel full force of canceled box-ship sailings.
Pandemic yet to heavily impact Caribbean container transshipment but fallout looms.
World’s second-largest box carrier resolves its website woes.
Good news for box carriers: Freight rates haven’t collapsed. Bad news: Volumes have.
Website and the online booking platform of MSC have gone offline but fallout appears contained.
No collapse yet for ocean container spot rates. In fact, they’re up.
Canceled sailings surge, schedule reliability sinks and import demand evaporates.
More booking cancellations equal more ocean-service cancellations equal more delivery uncertainty.
Social distancing will wreak havoc on trans-Pacific and Asia-Europe box volumes.
Coronavirus left containers scattered in the wrong ports. Liner companies are trying to get them back into position.
But an undercover survey finds that traditional forwarders face increased pressure from container lines and digital forwarders.
Shipyards are facing a scrubber stampede as container lines seek to sidestep paying for low-sulfur IMO 2020 bunkers beginning on Jan. 1.
Move to establish green bona fides comes as the liner operator is called out for its carbon output.
Soren Toft, the former chief operating officer at Maersk will become chief executive officer at Mediterranean Shipping Co.
With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.
Europol believe Italy’s ‘Ndrangheta mafia is behind the use of Gioia Tauro as a cocaine hub for western Europe.
The shipping grapevine is abuzz with rumors that the man who was Maersk’s COO until Monday (Nov. 11) could soon be leading MSC.
Advent Intermodal is seeking to increase transparency along the Panama “land bridge” between the coasts.
World’s second largest container fleet continues push with ultra-large container ships.
Freeport Harbor in the Bahamas is open following Hurricane Dorian, but initially is expected to handle self-geared ships.
ZIM, which has entered into space-sharing agreements with Maersk and MSC, says it plans to “double down” on efforts to grow with its partners.
A federal prosecutor filed to seize a container ship at the center of one of the largest U.S. cocaine busts in history, a first step to a possible forfeiture of the vessel. William McSwain, United States Attorney for the Eastern District of Pennsylvania, said agents from U.S. Customs and Border Protection executed the seizure warrant […]
Could the record seizure of cocaine aboard the MSC Gayane be a sign of things to come?
Following a second large drug bust aboard its box-ships this year, international ocean container shipping line Mediterranean Shipping Company has had its Customs Trade Partnership Against Terrorism (C-TPAT) certificate suspended by the U.S. Customs and Border Protection agency. The agency acted after two of MSC’s ships this year were found to have large volumes of […]
The Port of Philadelphia is the scene of a major cocaine bust, the second one involving a container ship operated by Mediterranean Shipping Company. U.S. Customs and Border Protection and Immigration and Customs Enforcement investigators said an inspection of shipping containers aboard the MSC Gayane “resulted in a substantial cocaine seizure in Philadelphia.” The ship, […]
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 […]
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.
Big ships come to U.S. even as backhaul cargoes still lacking, and truckers deal with terminal shut-outs and chassis imbalances.
Ocean carriers guiding expectations on rates as one of the biggest changes to shipping set to hit in 2020.
Shipping lines continue to reroute and reschedule vessels as storm disrupts port activities along the Atlantic Seaboard.
Geneva, Switzerland-based Mediterranean Shipping Company (MSC) has officially announced its roll on-roll off (RORO) service for West African routes, the Handy Shipping Guide reports.
