Aggressive capacity management in response to the effects of the COVID-19 crisis and escalating tariffs has helped the top 10 container carriers operating in the Europe–US trade increase their share of the market so far in 2020.
Independent Container Line
Independent Container Line
Located in Glen Allen, VA, Independent Container Line (ICL) provides containerized services between Europe and the United States. ICL provides fixed weekly sailing from each of its four ports of call: Antwerp, Belgium; Southampton, United Kingdom; Chester, Pennsylvania; and Wilmington, North Carolina.Its integrated door-to-door services cover warehousing and distribution; documentation services; managed cargo clearance; hard-to-handle services; and online cargo tracking, Its Coil-Tainer division, dedicated to the secure transportation of coils, provides a patented pallet and portable container-loading/unloading system for shipments of steel, aluminum, copper and tin-plate coils.
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08 Apr 2020
The expansion of the “Suspension of Transit” program highlights the rising demand from European and North American cargo owners to avoid demurrage fees as COVID-19 saps the need for non-essential goods.
16 Sep 2019
Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.
15 Aug 2017
Niche carriers either greatly overperform or dramatically underperform the top 16 carriers.
06 Aug 2014
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.
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