International Freight Shipping

News relating to the import and export business, including customs, current economics and more.

Commentary

The transloading trend is placing severe pressure on the largest container gateway in the Americas, where the adjacent Los Angeles and Long Beach ports handled a combined 14.4 million 20-foot-equivalent units last year.

News & Analysis

11 Feb 2016
APM Terminals says it continues to pursue an independent course in seeking carriers’ business while providing corporate affiliate Maersk Line with dedicated capacity at three transshipment centers.
10 Feb 2016
Damco posted a $19 million profit in 2015, reversing a 2014 loss of $293 million in what Maersk Group CEO Nils Andersen called “an early sign” that the forwarder’s two-year turnaround program is working.
10 Feb 2016
APM Terminals reported a 27.3 percent drop in net profit for 2015 as its container throughput declined by 5.9 percent because of divestments and weak volumes in some markets, parent A.P. Moller-Maersk Group said.
10 Feb 2016
Maersk Group’s 2015 profit tumbled 82 percent to $925 million as record low freight rates and a write down in the value of its oil assets savaged the Danish shipping giant’s annual earnings.
15 Jan 2016
Like a mirror image of the ocean container shipping industry, the shipping lines that operate the multipurpose ships that carry breakbulk and project cargoes are suffering from overcapacity, lack of global demand and low freight rates. And like the container fleet, multipurpose ships are getting ever bigger.
13 Jan 2016
A class-action complaint filed with the U.S. Federal Maritime Commission seeks damages for alleged shipping act violations by 10 roll-on, roll-off carriers already entangled in criminal and civil price-fixing investigations.
12 Jan 2016
With two and possibly three mergers or acquisitions among container lines scheduled to occur this year, beneficial cargo owners are wondering how their supply chains will be impacted.
23 Dec 2015
Maersk Line has promoted a long-time executive to chief commercial officer, promoted another to head its intra-Europe brand and tapped a global head of sales as part of restructuring at its Copenhagen headquarters in which 110 positions will be cut.
16 Dec 2015
To mitigate service disruptions caused by potential consolidation, APL, CMA CGM, China Shipping Container Lines and Cosco could elect to participate in more than one major alliance during a transition phase, Federal Maritime Commissioner William Doyle said last week.
14 Dec 2015
CMA CGM’s $2.4 billion acquisition of Neptune Orient Lines and the forthcoming merger between state-owned Cosco and China Shipping are unlikely to spur a fresh round of consolidation in container shipping, according to Drewry.