ocean container shipping
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Container
Shipping’s billion-dollar coke bust: 8 plead guilty, sentencing begins
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.
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Container
Container shipping is about to report blockbuster Q1 earnings
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
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Container
Could container shipping rates stay this red-hot until 2022?
Container shipping spot rates haven’t budged from COVID-fueled peaks. Cargo shippers' hopes for a rate pullback are fading.
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Maritime
Suez Canal still not back to normal — but it’s getting closer
Days after Ever Given backlog was declared cleared, the number of ships waiting to transit the Suez Canal remains high (with video).
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American Shipper
Maritime regulators dive into alleged tariff-fee overcharges
“Widely varying” tariff fees charged by container lines have prompted federal regulators to consider new rules.
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Maritime
How shipping giant MSC reacted to billion-dollar cocaine bust
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.
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Container
Demand boom on collision course with ocean transport ceiling
Bad timing: Still-rising cargo demand is coinciding with container-shipping constraints in the wake of the Suez Canal crisis.
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Container
US ports, shippers face major fallout from Suez Canal chaos
Suez Canal accident aftermath: Extensive disruptions ahead for key Asia-East Coast container shipping services.
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American Shipper
Could America’s historic import crunch get even worse?
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
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Company earnings
ZIM: US importers buckle, sign contracts early, pay 50% more
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
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