container shipping
Late Lunar New Year Boosts February Cargo Volume at US Ports
U.S. ports handled 1.96 million TEUs of inbound cargo volume in February, up 26.4 percent from 1.55 million…
FMC to Ocean Carriers: Post-Baltimore Bridge Late Fees Must be ‘Reasonable’
The agency warned carriers not to capitalize on cargo diverted from Baltimore's port after the collapse of…
Container Cleanup at Baltimore Bridge Crash Site Begins After Biden Visit
The Army Corps of Engineers wants to restore normal port access by May 31—a timeline Baltimore mayor Brandon…
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Maersk to Phase Out Panama Canal ‘Land Bridge’ in May
Meanwhile, chief rival MSC faces a possible $63.3 million fine from the FMC for alleged violations of the…
Container Shippers Lost Nearly $700 Million in Q4 2023
Global ocean carriers have seen six straight declines in earnings following a $63.1 billion windfall in the…
Alternate Shipping Route Prepped Near Baltimore Bridge Collapse Site
State lawmakers want to pass emergency legislation that would establish temporary relief programs for port…
Ocean Carrier Giants Invoke ‘Force Majeure’ Following Baltimore Bridge Collapse
The clause passes the buck from carriers to shippers, who must pay the storage and transportation costs once…
Tragic Baltimore Bridge Collapse Expected to Have Minimal Impact on Apparel Shipping
"We haven't heard anything yet about [apparel] cargoes being swapped elsewhere," said S&P Global Market…
Francis Scott Key Bridge in Baltimore Collapses After Cargo Ship Collision
Two people have been rescued, and seven remain missing. All vessel traffic in and out of the Port of…
Maersk Won’t Return to Red Sea Just Yet as Risks Remain ‘Elevated’
The ocean carrier said sailing around Africa's Cape of Good Hope is currently "the most reasonable solution"…
Ocean Freight Contracts Update: ‘There’s A Lot of Shippers Who Are Just Waiting’
The largest shippers typically set the benchmark for contract negotiations, said Judah Levine, head of…
Maersk CEO: Post-Pandemic Freight Rate Declines ‘Unsustainable’
The comments come despite a likely boost into short-term profitability due to the Red Sea-driven pop in…
Red Sea Shipping Delays Persist at Adidas, Gap Inc., Zara and John Lewis
Despite the delays, which last as long as three weeks in some cases, retailers and brands haven't been…
Panama Canal to Increase Daily Transit Slots Ahead of Schedule
Water levels at Panama's Gatún Lake appear to be improving from late last summer, when the country…
Red Sea Disruptions Expected to Bring Container Shipping Back to Profitability
Benefits from increased freight rates might be more visible for ocean carriers in Q2 and Q3 2024, according…