Multiple calls by large vessels on certain days of the week, known as vessel bunching, are straining the equipment and labor resources at US ports and presenting a growing threat to productivity at container terminals.
Fesco’s revenue and earnings are still in freefall as Russia’s leading ocean and intermodal rail container operator struggles with a flatlining domestic economy.
APM Terminals has ordered more than 40 pieces of equipment for its second transshipment terminal under construction at the Tanger-Med port complex in Morocco.
A recent spike in the container spot market has given carriers improved pricing power, with shippers resigned to paying higher rates in their 2017 service contracts.
The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.
US maritime regulators gave the green light to the Ocean Alliance to take sail on US trades in April.
Creditors of Hanjin Shipping have just four days to make a claim against the troubled carrier.
US importers are riding an increase in rolled cargo, as trans-Pacific eastbound spot rates hold at levels at twice that of some contracted prices.
A group of Asian container lines is injecting capacity into the Asia-Australia trade.
Spot rates remained flat this week ahead of a range of rate increases planned by the container lines.