MOL on Monday confirmed orders and charters for six 20,150-TEU vessels that catapults the Japanese carrier into the ranks of the operators of the world’s largest container ships.
An overview of container trade, container lines and shipping line news.
News & Analysis
01 Mar 2015
Cargo interests undoubtedly are relieved that the International Longshore and Warehouse Union and the Pacific Maritime Association reached a tentative contract deal on Feb. 20 after more than nine months of unexpectedly difficult negotiations, but now it’s time for importers and exporters to reassess their commitment to West Coast ports.
28 Feb 2015
The economic fundamentals of the trans-Pacific trade are strengthening, setting the stage for what would normally generate rapid growth in container volumes, especially in the eastbound trade. But this isn’t a normal year.
26 Feb 2015
Militants loyal to ISIS could bring Somali-style piracy to the Mediterranean, threatening the world’s largest trade lane, European officials warn.
25 Feb 2015
The last two months of U.S. West Coast congestion appear to have cemented many shippers’ plans to divert cargo to other ports, according to a recent JOC.com survey.
24 Feb 2015
Trade between China and Iran has been growing at almost 40 percent a year since 2012, driven by rapidly rising consumer demand, according to a Seabury Group study.
24 Feb 2015
Los Angeles-Long Beach will always be a vital U.S. gateway, but the nine-month labor dispute that helped bring West Coast ports to the brink of being shutdown is making shippers and industry analysts take a hard look at the trans-Pacific supply chain.
23 Feb 2015
The Great Lakes-St. Lawrence Seaway system’s navigation season is scheduled to reopen March 27 following its annual winter shutdown that began Jan. 1, U.S. and Canadian authorities announced.
23 Feb 2015
Trans-Atlantic carriers face a struggle to hike rates amid rising capacity and new competition, even as the euro’s slide against the U.S. dollar boosts shipments on the key westbound leg, according to Drewry Shipping Consultants.
16 Feb 2015
The falling oil price is having a talismanic effect on the cargo shipping industry, boosting consumer spending, raising U.S. demand for China imports and improving the profitability of container lines, research from Barclays has found.