Profits being reported by container shipping lines are down from the stratosphere but many still surpass pre-COVID returns.
“It is extremely difficult to announce a reasonable business forecast at this time,” said ONE, citing container shipping market uncertainties.
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
The recognition by the Maritime Association of the Port of New York and New Jersey “is reserved for those who have made a lasting difference in our industry and helped advance all aspects of the global transportation industry.”
HMM acknowledged that “freight rates in most key trade lanes have been under downward pressure since H1 2022.”
ONE’s profit dropped by 50% quarter over quarter to $2.76 billion.
Containerized imports to the ports of Los Angeles and Long Beach have now fallen well below pre-COVID levels.
Un primer semestre “lento para la carga” en 2023, predice el consejero delegado de la compañía de transporte marítimo ONE
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Shippers and carriers are increasing the pressure on ports and other supply chain participants to roll out “green corridors” using digital technology.
The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.
Japanese shipping firm Ocean Network Express has filed a lawsuit against Union Pacific because a shipment of solar panels was stolen in transit.
The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
This week: UPS highlights employee volunteerism for Global Volunteer Month, Women in Trucking honors Candor Expedite’s Nicole Glenn and ONE helps with regreening initiatives in Africa.
Container lines and tanker owners rapidly and preemptively suspend business with Russia.
Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.
Agriculture exporters on the West Coast are feeling neglected by ocean carriers. The Port of Oakland is trying to make more equipment available so they can ship their goods.
Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.
Ocean Network Express says the “economic environment is now changing” and it cannot forecast what the rest of 2021 holds, but Hapag-Lloyd can. It expects to triple 2020’s EBITDA.
The South Korean ocean carrier says the newbuilds will provide the “capacity and flexibility” to serve its shippers.
