The 15 top container carriers are at risk of significant and damaging cyber-attacks, according to the head of a leading market intelligence provider and cyber-security firm in the industry.
The quality, availability and management of data has to improve if the supply chain is to efficiently handle the mountain of information that is now available to carriers and their customers, panelists told TPM 2015.
U.S. containerized imports in 2015 will increase a paltry 1.7 percent, dragged down by West Coast port congestion, JOC Economist Mario Moreno told the 15th annual TPM Conference in Long Beach on Monday.
Japan’s third-largest shipping line, Kawasaki Kisen Kaisha, announced Monday it would be beefing up its LNG and bulker vessels over the next four years, while downsizing its container shipping fleet.
Spot rates on the Asia to the Middle East and South Asia are being undermined as carriers on the trades struggle to maintain load factors to support freight rate increases, according to Drewry Container Insight.
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.
SeaLand, the hallowed container shipping brand relaunched by Maersk Line in January, sees an opportunity to gain market share in the Latin American lanes resulting from two mergers — between two German container lines and two Chilean carriers.
A premium shipping market awaits container lines who would be willing to offer premium service at a higher price than commoditized service offered by most carriers today, Kuehne+Nagel Chairman Karl Gernandt told TPM 2015.
Rickmers Group, the leading German ship owner and manager, said it has successfully concluded negotiations with its bankers to restructure 1.28 billion euros (US$1.43 billion) of loans.