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

24 Apr 2016
The roll-on, roll-off shipping market is relatively upbeat after emerging surprisingly unscathed from a year of tough economic and geopolitical challenges. The outlook for pure car carriers, however, is looking less optimistic against a backdrop of rising supply and subdued demand for automobiles.
11 Apr 2016
Shippers will have to pay more to ship their products around the world when the International Maritime Organization’s new container weight verification requirements take effect on July 1.
28 Mar 2016
Roll-on, roll-off operator Wallenius Wilhelmsen Logistics is best known for its fleet of pure car and truck carriers and has owners with deep shipowning roots, but the company’s fastest-growing business is on land.
11 Mar 2016
The U.S. government has fined two Maersk Group units a total of $3.66 million for documentation violations related to a defense contract the company described as “the submission of improper invoices.”
02 Mar 2016
The loss of a mega-ship could "rewrite the law of general average," costing more than $1 billion, former container ship captain and maritime risk expert Andrew Kinsey said at the 16th annual TPM Conference. Captain Michael Lloyd warned losses such as the sinking of the MOL Comfort could become more common.
23 Feb 2016
Neptune Orient Lines posted a $707 million net profit for 2015 as the sale of its logistics unit lifted annual earnings by $888 million, but collapsing freight rates in the fourth quarter and falling volumes hit the liner business hard.
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.