The Federal Maritime Commission has opened a probe into possible anti-competitive pacts between Port Houston and ocean carriers.
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.
BlackRock Chairman Larry Fink says container shipping infrastructure is as critical to the future global economy as data centers and power grids.
Regulators in China will review the sale of port operations linked to the Panama Canal to a consortium led by a U.S. investor.
President Donald Trump told Congress that the United States plans a range of incentives to revitalize domestic military and commercial shipbuilding.
A consortium led by U.S. private equity firm BlackRock has agreed to purchase the Panama port terminals owned by CK Hutchison of Hong Kong.
A crew of 20 was safely rescued from the container ship MSC Baltic III after it ran aground off Nova Scotia.
Here’s what you need to know as ocean carrier alliances prepare to deploy new and reorganized container services.
The Environmental Protection Agency has awarded the public-private Louisiana International Terminal project $1 million toward its Sustainability Management Plan.
The Swiss container carrier MSC said it is adjusting the port rotation on its United States to South America east coast service.
President Joe Biden broke his silence Tuesday on the port labor dispute by backing the striking dockworkers.
Federal regulators have finalized a rule making it harder for ocean carriers to refuse to provide vessel space for customers.
Global ocean carriers are targeting the growing trade from China to Mexico with new express services.
Federal regulators are bracing for a surge in container late fee complaints as ocean carriers and shippers process alternate routing options following the collapse of the Francis Scott Key Bridge.
The key question for container shipping rates: How soon can Operation Prosperity Guardian woo traffic back to the Red Sea?
MSC, the world’s largest shipping line, faces the largest-ever shipper claim for alleged damages suffered during the supply chain crisis.
The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.
Legislation giving FMC more power over alliances is aimed at preventing anticompetitive container carrier agreements.
Despite a collapse in freight rates, container shipping is not behaving like an industry facing an imminent crisis.
New Alphaliner data highlights the enormity of new container shipping capacity that’s poised for delivery.
Two container shipping experts give their take on how the hangover after the pandemic boom could play out.
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 top 10 liner operators hiked aggregate capacity by 13% in 2000-22 and continue to control 85% of the global fleet.
The U.S. could seek forfeiture of the MSC Gayane, a large ship involved in an infamous smuggling operation, says Bloomberg Businessweek.
“At MSC, we want to continue to improve towage service efficiency and expand Rimorchiatori Mediterranei, building on the impressive work of the Genoese families that have developed the company the past 100 years,” MSC CEO Soren Toft said.
7,1 millones de TEUs en pedidos frente al anterior récord de 6,6 millones en 2008
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?
President Biden made his case for getting ocean carrier reform on the books by accusing ocean carriers of jacking up prices for consumers.
The Jacksonville harbor deepening project “demonstrates Florida’s unwavering commitment to strengthen and grow supply chains.”
This week: Trailer Bridge and ATS International donate to Habitat for Humanity of Puerto Rico, UPS makes $38,000 in donations to Down Syndrome Alabama and MSC moves Operation Smile medical supplies.
First came a pause in cargo bookings to Russia. Now, ocean carriers have halted almost all of their Russian port calls.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
DOT is leading a freight data exchange pilot project that it envisions as a long-term effort to speed cargo flow and cut costs for consumers.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
CEO Rodolphe Saadé said CMA CGM “will transform the Beirut port’s container terminal into a state-of-the-art facility that meets the best international standards.”
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.
The latest example of an ocean carrier expanding into the logistics space involves MSC trying to buy a piece of Bolloré Logistics.
An American company has accused foreign ocean carriers of abusing the container market to pad their profits.
The Federal Maritime Commission is auditing container lines to evaluate potential abuse of leverage against exporters.
The ocean carrier said Monday that BNSF is reducing import traffic at the ports of LA and Long Beach, while inbound trains from New York area ocean terminals to three Midwestern destinations are also being monitored.
Former chief mate of MSC Gayane gets seven years behind bars for lead role in massive 2019 smuggling operation.
Consolidation in the liner sector is already extreme. Newbuild orders will further concentrate market power in fewer hands.
Congestion is cutting liner capacity just as freight rates are at all-time highs, incentivizing carriers to buy or charter more ships.
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.
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.
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
The lack of Lunar New Year shutdowns contributes to the busiest February on record.
The ocean carrier has not said when customers can expect to receive damaged or intact cargo.
FreightWaves identifies importers who use the Asia-West Coast service.
E-documentation initiative establishes data and process standards for bill of lading preparation and issuance.
The GEODIS Women’s Network “is also intended to improve the reputation of the logistics and transport industry, a field traditionally dominated by men.”
“Obviously everything with COVID is a learning curve,” says Tom Hughes.
ZIM and 2M increase capacity of vessels calling Texas.
Port Call Data Definitions guide is available for free download.
With two more major carriers actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform
The French shipping giant’s network is down.
“We are going to lose some of the food and pharmaceuticals.”
Container lines, some with damaged or destroyed buildings, are scrambling to reroute cargo bound for Lebanon.
Group of nine container carriers has banded together for digital standardization.
Carrier recognizes ‘the importance of digitalization across the shipping industry.’
A language barrier of sorts may be blocking shipping lines and ports from adopting common technology platforms.
The container ship helping set the record is longer than the Eiffel Tower is tall and capable of carrying 384 million pairs of shoes.
Clients can help support a hydroelectric power project in China and a forest protection program in Zimbabwe
Two space-sharing alliances already have canceled 75 voyages through September
Digital Container Shipping Association establishes internet of things standards for connectivity
Net loss whittled from $24.3 million last year to $11.9 million in Q1 2020
San Pedro Bay complex braces for more blanked sailings as coronavirus pandemic rages on.
The 19,200-TEU MSC Anna is retrieving empty containers piling up during the coronavirus crisis to return to Asia.
DCSA publishes recommendations ahead of International Maritime Organization compliance deadline.
The Artic Ocean may be the next area that sees the superpower nations “rubbing up” on each other in search of faster ocean passage and a new source of natural resources.
INTTRA by E2open on Tuesday announced a new technology platform, compliant with the new Digital Container Shipping Association (DCSA) Interface Standard for Track and Trace 1.0, published last week by the DCSA. The platform sets a new standard in the shipping industry, setting the bar for technology companies and shipping lines alike to standardize the […]
Trans-Pacific container rates continue to fall as Asia-Europe rates continue to rise.
But an undercover survey finds that traditional forwarders face increased pressure from container lines and digital forwarders.
Move to establish green bona fides comes as the liner operator is called out for its carbon output.
With less than a month until the IMO 2020 regulations go into effect, Ben Thrower writes about the impacts about to hit the maritime industry, importers/exporters and consumers.
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.
Maersk, MSC, Hapag-Lloyd and COSCO will be the main market share “losers”, says Alphaliner.
French calls for mandatory slow steaming continue, but the introduction of low-sulfur bunkers could see container lines accelerate services as fuel markets are played for competitive advantage.
World’s second largest container fleet continues push with ultra-large container ships.
Container ships are setting new records, but for all the wrong reasons, as the vessels become an increasingly popular way to smuggle drugs. As FreightWaves’ Mike King reported, the Maersk Gibraltar, which can carry the equivalent of 5,000 common shipping containers, was the site of the U.K.’s largest drug bust as authorities found about 1.2 […]
Freeport Harbor in the Bahamas is open following Hurricane Dorian, but initially is expected to handle self-geared ships.
Forwarders and ocean carriers are betting a major holiday in Asia and seasonal inventory building at U.S. retailers will provide a boost to container shipping rates. Despite the short-term bump, one outlook for 2019 suggests the container shipping industry will remain challenged. Spot rates on one of the busiest ocean trade lanes for moving containerized […]
The Caribbean is container shipping’s all-important crossroads of the Americas.
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 […]
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, […]
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.
Blockchain can help expedite customs procedures, reduce expenses and boost both global trade volumes and economic output.
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.
Shippers benefit as transportation rates expected to stay low.
Anyone up for some ‘Texas Chicken’? Maybe not anymore as pilots request one-way traffic on busiest shipping hub in North America.
The sale of Gioia Tauro, the last remaining major transhipment hub to be operated by an independent terminal company in the Mediterranean, has been agreed today and is now subject to regulatory approval.
Changing trading patterns have seen volumes at the port of Gioia Tauro decline. Its only remaining customer, MSC, is expected to successfully conclude more than two years of talks to acquire the facility in the coming weeks.
Industry lobbyists and research group present opposing views on whether the alliance structure of ocean carriers has worked.
