Ocean Network Express (ONE) reported a net loss of $88 million for the third quarter of FY2025, as persistent fleet growth and slower cargo movement weighed on short-term freight rates, particularly in the Asia–North America tradeThe result marked a sharp year-on-year deterioration from the same period in FY2024, reflecting a softer supply-demand balance driven by continued newbuilding deliveries across the global container fleet…
Last week, Governor Gavin Newsom announced that California had disrupted several major wildlife trafficking operations, including seizing hundreds of illegal products made from ivory, rhino horn, walrus tusks, suspected bear gall bladders, saiga antelope…
French shipping group CMA CGM and U.S. investment firm Stonepeak have agreed to create a joint venture valued at nearly $10 billion to operate and invest in port terminals, including in the United States, the companies said on Wednesday.CMA CGM…
The Digital Container Shipping Association (DCSA) announced that Contship has joined DCSA+, becoming the program’s first terminal operator partner.Contship is an integrator of containerized logistics, combining intermodal transport and port terminal operations to connect global supply chains…
A record crowd of more than 900 industry and community representatives gathered for the 11th annual State of the Port, where Port of Los Angeles Executive Director Gene Seroka outlined his vision for the future, highlighting “Build Bigger and Build Smarter” investment priorities…
Major shipping companies are devising strategies for a return to the Suez Canal after more than two years of disruptions due to security risks in the Red Sea.They have been rerouting vessels via longer, costlier routes around Africa since November 2023…
CMA CGM has announced its FAL1, FAL3 and MEX services connecting Asia and Europe, which recently began transiting Suez Canal again on backhaul voyages, will return to sailing around the Cape of Good Hope.CMA CGM cited the 'the complex and uncertain…
Guillaume Sauzedde has assumed the role as Maersk’s Regional Managing Director for the Europe region.The French national with over 25 years’ experience in the logistics industry is no stranger to the employees and customers in Maersk’s largest region…
Evergreen Marine, a leading container shipping company, has become the first Taiwanese operator to upgrade its fleet to NexusWave bonded connectivity solution from Inmarsat Maritime, a Viasat company. Following successful trials, Evergreen is transitioning to NexusWave to enhance crew welfare…
A.P. Moller - Maersk has appointed Ditlev Blicher as the new Regional President for North America, effective January 1, 2026.Blicher assumes the role after most recently serving as the company’s Regional President for Asia Pacific since 2023…
'Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecast ship demand growth of 2…
The third quarter of this year has broken all records when it comes to the most loaded containers transported to or from major Danish ports.Containerized goods equivalent to 137,000 TEU containers arrived at a Danish port in the third quarter…
Transnet SOC and International Container Terminal Services, Inc (ICTSI) have signed a 25-year partnership agreement for Durban Container Terminal (DCT) Pier 2 in South Africa.The agreement paves way for the joint partnership between Transnet…
The United Nations has launched the first ever United Nations Decade of Sustainable Transport (2026–2035).The Implementation Plan, launched in New York, is the result of a participatory consultation process and provides a roadmap to align policies…
The United States can use other measures to recreate the roughly $200 billion in revenues it is collecting under tariffs based on a 1977 law if the Supreme Court strikes down use of that law, U.S. Trade Representative Jamieson Greer said on Wednesday…
