container shipping
Three Killed in First Fatal Houthi Attack on Red Sea Shippers
The Red Sea disruptions have impacted European operations at Abercrombie & Fitch, and resulted in less spring…
CMA CGM Makes ‘Case-by-Case’ Red Sea Return, Maersk Says to Seek Alternatives
In a Tuesday update, Maersk's North American president Charles van der Steene said "No one knows for how long…
Ocean Alliance ‘In a Very Strong Position’ After Extending Vessel-Sharing Commitment
Ocean carriers CMA CGM, Evergreen, Cosco and OOCL might have a leg up on their competitors as they outpace…
WWD Recommends
Bed Bath & Beyond in Yet Another Legal Battle With Ocean Carrier
The retailer's bankruptcy estate filed a $4.3 million complaint with the FMC against Evergreen for failing to…
Container Ships Spurn Suez Canal as Houthis Tout ‘Submarine Weapons’
Container tonnage crossing the Suez Canal fell by 82 percent between Dec. 1 and Feb. 12, cited the U.N.'s…
Panama Canal Restrictions Not Expected to Change Until April
In good news for retailers and brands, some ocean carriers are restoring services that had temporarily moved…
Maersk Doesn’t See Red Sea Improvements ‘Anytime Soon’
At the Manifest conference, Hellmann's Stefan Borggreve called human customer service "underrated" in helping…
Red Sea Skirmishes Won’t Slow Down Heavier Flow of Cargo Into US Ports
For the first half of 2024, top U.S. ports are expected to host 11.1 million TEUs of cargo, up 5.3 percent…
Maersk CEO: Overcapacity at Sea Will Squeeze Profit Margins
The ocean carrier's stock fell 15 percent amid forecasted 2024 profits between $1 billion and $6 billion—down…
UN Trade Body Has ‘Profound Concerns’ Over Panama Canal, Red Sea Disruptions
The U.N. Conference on Trade and Development estimates that weekly transits through the Suez Canal plummeted…
Vietnam, South Korea Exporters Get Government Help Amid Red Sea Crisis
As vessels reroute from the Red Sea, government agencies in South Korea and Vietnam are helping local…
Container Ships Shrug Off Perils of Panama Canal Restrictions
While 7.4 container ships per day sailed the Panama Canal in November and December, it's a small falloff from…
Maersk CEO: Red Sea Disruptions Could Linger ‘A Few Months, At Least’
At Davos, Vincent Clerc said he still expects longer vessel transit times, while DHL CEO Tobias Meyer warns…
Maersk, Hapag-Lloyd Stress Reliability Upon Forming New Shipping Alliance
The ocean carriers expect 90 percent schedule reliability rates once the network is established—30 percentage…
Container Vessels Warned to ‘Stay Well Away’ From Red Sea After Yemen Air Strikes
A series of coordinated joint retaliatory U.S.-U.K. air strikes on Houthi military targets in Yemen has…