Maersk Line clarified a recent comment by CEO Soren Skou in which he appeared to say that his company would not relinquish its longtime No. 1 ranking after Alphaliner said it would be overtaken by Mediterranean Shipping Co. in 2016.
The U.S. Commerce Department set duties on 53-foot dry intermodal containers from China after a preliminary determination concluded manufacturers received unfair subsidies from the Chinese government
Global container port traffic will top 840 million 20-foot-equivalent units by 2018, with Africa and greater China posting the fastest growth rates, according to shipping consultancy Drewry.
CMA CGM, China Shipping Container Lines, OOCL and PIL plan to launch a new joint service connecting Northeast Asia, Australia and New Zealand in early November.
The 2M and O3 alliances likely will first lock horns in the Asia-Mediterranean trade, with planned increases in capacity threatening to unleash a rate war, according to analyst Alphaliner.
New export orders saw China factory output increasing in September as the mainland manufacturing sector continued to expand, reaching a two-month high and raising expectations that inventory building could see export growth into the fourth quarter.
TOTE Shipholdings and Saltchuk Resources have secured a $324.6 million Maritime Administration loan guarantee for construction of two container ships that will be fueled by liquefied natural gas.
Air and ocean freight are expected to see “good” trade volume growth through the third and fourth quarters of 2014, especially in air freight, given a strong peak season outlook and a number of high-profile tech product launches, according to a new survey from the investment firm Stifel Nicolaus.
The European Shippers Council attacked the proposed 2M vessel-sharing agreement in a letter sent last week to the Federal Maritime Commission but is unlikely to convince the U.S. regulatory agency to reject the agreement involving the world’s two largest container lines.
U.S. containerized trade increased 2.6 percent year-over-year in the first half of 2014, with just three carriers — Maersk Line, Mediterranean Shipping Co. and Evergreen Line — accounting for 28.4 percent of all trade.