Container Shipping News

 

Container Prices, Leading Rates Decline

Aug 22, 2022

Average container prices have declined by more than half from the last year in August as China picks up containerized trade volumes more recently, according to an analysis published by Container xChange.Trade in China was impacted in the first half of the year…

Empty Containers in East Coast Ports enter FMC's Crosshairs

Aug 09, 2022

While there are many layers to the continued container shipping supply chain woes, and the U.S. Federal Maritime Commission has set its sites on the nuisance of empty containers clogging traffic, on the heals of FMC Chairman Maffei's visit to the Port Authority of New York/New Jersey…

Container Shipping Rates: Has the Peak Been Reached?

Jul 28, 2022

Despite another slew of rises in long-term contracted ocean freight rates across key global trade corridors, month-on-month growth is slowing - and spot rates continue to weaken – suggesting prices may have peaked. However, according to the latest Xeneta Shipping Index (XSI)…

Nippon Yusen Kabushiki Kaisha Revises Financial Outlook

Jul 21, 2022

Nippon Yusen Kabushiki Kaisha has upgraded its financial outlook for the fiscal year ending March 2023, projecting higher revenue and operating profits across the board in light of changing market conditions across multiple sectors it serves…

Container Shipping: "Fluctuating fortunes for Ocean and Air Freight out of Far East

Jul 15, 2022

While spot rates head in the right direction for ocean freight from the Far East to the South America East coast, short-term air freight rates are failing to take off on major intra-Asian and long haul trades, according to Xeneta.“Certainly…

DB Schenker to Launch Un-Crewed Coastal Container Feeder in Norway

May 05, 2022

Supply chain management and logistics solutions firm DB Schenker plans to build a fully-electric, zero-emission, un-crewed coastal container feeder to serve the route between Ikornnes quay and the Port of Ålesund in Norway. DB Schenker, and its cooperation partners…

Maersk Suspends All Container Shipping to Russia

Mar 01, 2022

Shipping group Maersk will temporarily halt all container shipping to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, the company said on Tuesday.The move follows similar decisions by Singapore-headquartered Ocean Network Express (ONE)…

Supply Chain Chaos to Boost Maersk 2022 Profit

Feb 09, 2022

Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half.It expects underlying earnings before interest, tax…

Container Shipping: Rates Dip in January, Fundamentals Strong says Xeneta

Jan 31, 2022

Long-term contracted ocean freight rates fell 3.6% in January, according to the latest Xeneta Shipping Index (XSI) Public Indices, the second consecutive monthly rates decline following 14 straight months of increases. Despite the recent stumble…

Size Not the Main Goal, Shippers Say, as MSC Overtakes Maersk

Jan 06, 2022

Swiss-based container group MSC has overtaken Denmark's Maersk as the world's biggest shipper, the company said, confirming data from intelligence provider Alphaliner.After taking delivery of several ships last year, MSC or Mediterranean Shipping Company has capacity to move the equivalent of 4…

Maersk to Buy LF Logistics for $3.6B

Dec 22, 2021

Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.The deal is one of the group's largest takeovers to date…

Port of Oakland Chief Seeks State Supply Chain Help

Nov 05, 2021

Speaking as President of the California Association of Port Authorities (CAPA), Port of Oakland Executive Director Danny Wan requested state help this week to ease a U.S. supply chain crisis. He called for increased collaboration and solutions…

Global Logistics Crisis Boosts Smaller UK Ports

Nov 05, 2021

Global supply chain disruption is changing cargo flows coming into Britain and smaller ports such as Liverpool are benefiting as suppliers look for other ways to route cargoes and minimize disruptions, Liverpool port's operator said.Major bottlenecks…

Maersk Triples Quarterly Income Despite Lower Container Volumes

Nov 02, 2021

Shipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.The coronavirus pandemic has prompted a shortage of container ships and logjams at ports at a time of high consumer spending…

Meishan Terminal at China's Ningbo Port Resumes Operations

Aug 25, 2021

Meishan terminal at China's Ningbo port resumed operations on Wednesday after shutting down for two weeks due to a COVID-19 case, a port official said at a press briefing.The closure of the terminal has caused logjams at ports across China's…

Logistics News

Container Vessel Bunkered with Methanol During Cargo Operations

Container Vessel Bunkered with Methanol During Cargo Operations

Cyprus Scraps $1.3 Billion Port Concession

Cyprus Scraps $1.3 Billion Port Concession

Stena Prosperous Bunkers Methanol in Singapore

Stena Prosperous Bunkers Methanol in Singapore

Green Marine Lays Foundation for its New Global Structure

Green Marine Lays Foundation for its New Global Structure

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