Container Shipping News

West Coast rates have already fallen behind the spot rates in mid-July last year.

"It’s unethical,” says the Shippers Council of Bangladesh chairman.

The anticipated rate increases on Asia-Europe have yet to materialize with the spot rate falling for the third week in a row, despite a peak season volume surge.

“The info is wrong.”

The congestion appears to be worsening.

Pacific International Lines' traffic in US imports from Asia rose 67 percent year over year in the second quarter.

“The trade is doing much better than previously thought to be the case.”

APM Terminal (APMT) in the Port of New York and New Jersey says it will have mostly recovered from the cyber attack on Maersk by the end of the week.

Asia-Russia-Europe spot rates are up more than double year over year.

A 13,200 TEU vessel that is the largest ever to enter the Port of New York and the US East Coast passed under the newly-elevated Bayonne Bridge Monday afternoon.

The shuttering of many plants for three weeks and more, opposed to the traditional break of one or two weeks, bodes poorly for the country’s third-largest export and its second-largest import.

“The coastal shipping deal will reduce cost as well as time. To us, time is also money.”

Heavy-lift and project carriers are developing a new market that a few years ago would have been unthinkable — the Northern Sea Route to Russia’s frigid Arctic region.

The peak season spike in US imports from Asia should be just around the corner.

Spot rates on Asia-Europe have slid for the last two weeks, ignoring a rate increase levied from July 1 and peak season surcharges from some carriers.

What is a customer to do to protect its supply chain?

The increased shareholding followed the sale earlier this week of the remaining 8.5 million shares in Hapag-Lloyd held by TUI Group.

China's Belt and Road is projected to generate an additional $2.5 trillion in global trade over the next 10 years.

The pledge comes as Maersk Line recognizes concern among shippers at booking containers with the carrier while it limps back to a business-as-usual state.

Neither Codesp, nor CPSP could say when the full draft would be restored.

“What information is available today? What information do you need to act?”

Russian shippers are speaking out against restrictions on their dealings with terminal operators.

The sale of the ships to New York Stock Exchange-listed Navios is expected to be completed in parts from July 12.

The deal comes just over two months after Hapag-Lloyd sealed its merger with United Arab Shipping Company.

US importers in the coming weeks will begin to encounter a tightening of vessel space and occasional equipment shortages.

“There aren’t many other takeover candidates left on the shelf.”

The fleet of ships jobless for at least 14 days has declined from 1.7 million TEU in November 2016.

NYK's head of container shipping Jeremy Nixon will lead the new Japanese carrier ONE.

A combined Cosco-OOCL carrier will further reduce the options for shippers that have been cut drastically by a wave of consolidation in the past year.

The deal maintains the Hong Kong carrier’s brand and marks a new chapter in the ongoing industry consolidation.

Access to real-time data is extremely useful to carriers, BCOs, and others, but a consensus has yet to emerge on who owns the data.

Project shippers and carriers hope the Export-Import Bank of the United States, a political football for years, can get off the sidelines soon.

An Asia-ECSA service is a prime example of why ports around the world are racing to upgrade their infrastructure to keep up with growing ship sizes.

Spot rates in the eastbound Pacific this week could not sustain the double-digit increase of last week.

The duo will develop a container feeder service to cater to the needs of exporters, importers, and local coastal traders.

Japan's three major carriers have officially formed the One Network Express in Tokyo.

Spot market rates fall on Asia-Europe, ignoring the start of the peak season and tight space on the trade as volume rises.

It has been 10 days since a cyber attack crippled Maersk Line, Damco, and APM Terminals, but the carrier has reported a rapid rise in cargo bookings as its systems are restored.

Better freight rates and strongly growing volume will see Cosco Shipping posting a solid profit in the first half.