What is today a small club of carriers operating or having ordered 18,000-TEU ships or larger is likely to grow, but not necessarily overnight, as carriers intensify their focus on reducing costs without regard to greater market or infrastructure implications.
United Arab Shipping
22 Apr 2014
Joseph J. Cortese, who retired last year as U.S. national sales manager at United Arab Shipping Co. after more than 40 years in the shipping industry, died April 20 at his home in Middletown, N.J. He was 67.
24 Mar 2014
CMA CGM, China Shipping Container Lines and United Arab Shipping Co. will launch a new jointly operated, fixed-day weekly service...
12 Mar 2014
Carriers’ schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances...
11 Mar 2014
United Arab Shipping Company’s decision to exercise an option for a sixth 18,000-TEU vessel simultaneously highlighted the growing importance of size as ocean carriers seek to cut unit costs and increased the pressure on rivals to scale up to mega ships.
04 Feb 2014
Based on SeaIntel’s monthly Global Liner Performance reports from 2013, container ships reached their destination ports around the world on time 79.5 percent of the time in 2013...
03 Feb 2014
United Arab Shipping Co. today said it has exercised an option for six additional 14,000-TEU container ships, taking its total order book to 16 vessels worth more than $2 billion.
13 Jan 2014
It’s too early to predict precisely how the container shipping business will play out in the new year, but there is one certainty: The P3 Network will shake things up in a big way. In the six months since Maersk Line, Mediterranean Shipping Co. and CMA CGM announced they would pool their biggest ships in a giant vessel-sharing alliance in the main east-west trades, competing liner companies have been playing catch-up in an effort to match the P3’s market size and power.
27 Dec 2013
What follows are our picks for the top 10 stories of 2013. Do you agree? Disagree?
19 Dec 2013
United Arab Shipping Co. has closed a $1.251 billion loan for the partial financing of seven 14,000-TEU container ships and five 18,000-TEU container ships...
16 Dec 2013
Will there be a CKYH-E?
01 Nov 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November and December.