Ocean Alliance
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American Shipper
Evergreen Marine: Revenues up, profit down sharply
Evergreen Marine said third quarter operating income was 11 percent higher than in the same 2018 period, but profit from continuing operations plunged.
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Container
Port Report: Ocean carriers cut as container rates slide
Small tariff increase fails to excite demand as rates reach 2-year lows.
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Container
Port Report: China’s Golden Week means cuts in ocean service
At least 15 scheduled sailings from Asia are being temporarily culled due to the Chinese national holiday.
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American Shipper
COSCO Shipping leans on new U.S. trade partners for growth
Third largest carrier reports rebound in results, partially thanks to rates and partially to subsidies.
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Asia-Pacific
Port Report: Cosco Ports reports good volumes out of China, but overseas bets better
World’s largest operator of marine terminals saw first quarter throughput at its non-China-based assets grow faster than China-based ones.
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Maritime
Depressed Asia to Europe freight rates to remain under pressure for four years
Overcapacity and low utilization rates have plagued the Asia to Europe trades for some years, and with a further 1.1 million TEU capacity set to…
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Asia-Pacific
Port Report: China may look to take a little extra time off this Lunar New Year
Slowdown headed for U.S. import volumes as largest exporter sees economy weaken ahead of prolonged holiday.
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Container
Government shutdown sidetracks US shipping agency’s new mandates
New power given to the Federal Maritime Commission to scrutinize the effects of ocean carrier competition has been put on hold by the government shutdown.
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Maritime
Evergreen adds mega-ships to its fleet
Evergreen has added a second and third ultra-large container ship to its China, Europe and Mediterranean service, adding around 6,000 TEU of capacity to the…
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Maritime
Ocean carriers gain on cutbacks, tariff fears as rates head higher into September
Spot markets register tightness in vessel capacity as peak shipping season is only just starting.
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