Jaxport adds new Asia-LatAm-Med container service
The Port of Jacksonville has broadened its reach as two liner operators add the Florida port gateway to a three-continent service.
The Port of Jacksonville has broadened its reach as two liner operators add the Florida port gateway to a three-continent service.
The Federal Maritime Commission has opened a probe into possible anti-competitive pacts between Port Houston and ocean carriers.
Here’s what you need to know as ocean carrier alliances prepare to deploy new and reorganized container services.
The Zim Kingston ship fire in 2021 shows Canada isn’t adequately prepared for marine emergencies, according to the Transportation Safety Board of Canada.
Spot rates are back above breakeven and Zim’s costs are falling.
The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.
Imports to Europe and the U.S. East Coast face heavy delays as Operation Prosperity Guardian fails to bring shipping back to the Red Sea.
Shipping stocks are under pressure as some ocean carriers show faith in military protection from Red Sea attacks.
Container-ship route diversions — first to avoid the Panama Canal, now to avoid Red Sea chaos — could help offset rate pressure from newbuilding deliveries.
There has been a surge of attacks and threats targeting Israel-linked ships, including one incident where the U.S. Navy came to the rescue.
Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.
Panama Canal restrictions force more ships to transit the Bab el-Mandeb Strait off Yemen, where they face a hijacking risk.
Zim’s headline loss looks ugly, but most of the decline was non-cash and it still has ample reserves to weather the downcycle.
The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.
Average CEO compensation rose as ocean shipping company earnings increased, fueled in many cases by share-based compensation.
Unprecedented supply-demand imbalances amid the pandemic led to historic dividend payouts by container shipping lines.
Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?
After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.
Expectations for peak season have waned, but container lines may have bounced off the bottom.