Zim Integrated Shipping Services’ net loss narrowed in the third quarter as the Israeli ocean carrier started to benefit from a $3.4 billion debt restructuring.
An independent organization of ocean industry executives seeks to enhance the efficiency and popularity of electronic invoicing by establishing a single standard that simplifies ocean freight invoicing by automating the time-consuming and costly manual invoicing and reconciliation process.
U.S. Federal Maritime Commissioners voted 3-2 to ask members of the Transpacific Stabilization Agreement more questions on their proposal to permanently include westbound trans-Pacific trade in their discussion agreement.
CMA CGM will use at least some of its new reefer fleet to serve growing produce trade between countries bordering both the Black Sea and the Mediterranean.
China Shipping said it will launch the first of five 19,100-TEU container ships by end of the month, supplanting Maersk Line as the operator of the world’s largest container vessel.
Major U.S. retailers don't expect U.S. West Coast port congestion to hamper getting Black Friday products on the shelves, but they’re far less confident on their ability to keep stores stocked through the entire holiday season.
Ports are set to dominate container shipping strategy with the focus on terminal productivity and capacity expansion, industry analysts said at the JOC Group’s Port Performance Conference Europe in London.
Trans-Pacific carriers only achieved half the general rate increase gain they hoped to via a $600-per FEU hike, Drewry Maritime Research said today.
The new ocean carrier alliances set to launch in 2015 will operate more reliable schedules, removing a major factor behind the congestion that has plagued major container ports this year, marine terminal operators said at the JOC Group’s Port Performance Conference in London today.
As least seven carriers have suspended newly announced port congestion surcharges on cargo heading from Asia to the U.S. West Coast, likely resulting from importer pushback and U.S. regulatory scrutiny.