Shipping group Maersk expects global container demand to fall this year as sales of durable goods come to a 'standstill', leaving flat-screen TVs and furniture piling up in warehouses, the company said on Wednesday.A surge in consumer demand…
Last month, CMA CGM’s Zephyr became the largest containership by cargo capacity to ever transit the Panama Canal.The Neopanamax containership Zephyr has a total capacity of 16,285 TEUs. After calling at the U.S. ports of New York and Savannah…
Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected.The shipping industry has seen record…
The United States' Federal Maritime Commission (FMC) on Friday announced it creating a new bureau to handle its enforcement and compliance activities. The agency, which is responsible for the regulation of oceanborne international transportation of the U…
Staff at Britain's largest container port, Felixstowe, have voted in favor of strike action in a dispute over pay, the Unite union said on Thursday, warning of huge disruption across the supply chain.The dockworkers join a growing wave of employees…
Marine terminals at California's Port of Oakland reopened for regular weekday hours on Monday after independent truckers formally ended a week-long protest of the state's new 'gig worker' law that stranded cargo on ships, docks and warehouses…
Protesting truckers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they demonstrated against a new state labor law that makes it harder for independent truckers to operate.Drivers picketed…
The Panama Ship Registry has added Ever Alot to its fleet, touted as the world’s biggest container ship and the first to break the 24,004 TEU mark. Panama has 18 of the world’s 20 largest container ships in terms of TEUs.The vessel is mammoth at 400 x 61…
A.P. Moller-Maersk has withdrawn its board member from industry organization International Chamber of Shipping (ICS), partly over the trade association's stance on climate change, according to the company's website.Maersk, one of the world's largest shipping groups…
The dispute between Brazilian port operators and global shipping giants Maersk and MSC is expected to escalate in the coming weeks, according to Brazilian newspaper Valor.Local port terminal operators, through their industry group ABTP, are…
Shipping giant CMA CGM said on Thursday it would reduce container shipping rates for some common consumer products imported in France to support government steps to curb inflation.The group will from Aug. 1 reduced shipping rates by 500 euros ($520…
Pacifica Shipping confirms it is introducing a second vessel onto its New Zealand coastal shipping service, which is expected to be operational mid-September this year.The vessel will add 1,300TEU extra capacity every week and will complement…
The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. The long term fixes, which require Federal Maritime Commission rule-making, establishes additional requirements requiring the FMC to issue rules related to certain fee assessments…
President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week…
Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs.The COVID-19 outbreak has lengthened ship delivery times since 2020…