Ocean carriers
FMC Requests More Info on Maersk, Hapag-Lloyd Alliance
The agency says the Gemini pact proposal "lacks sufficient detail to allow for a complete analysis of its…
Court Overturns FMC Ruling on Late D&D Fees—A Win for Ocean Carriers
In winning its appeal against the FMC, Evergreen could set a precedent for how detention and demurrage fees…
Maersk CEO: Red Sea-Driven Capacity Challenges Will Persist into Q3
Vincent Clerc said Maersk will use different-sized ships compared to ones used in normal conditions, reducing…
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Amid Red Sea War-Risk Premium Surge, Rerouting Around Africa ‘Less Expensive by Comparison’
A Defense Intelligence Agency report says the combined costs of crew bonuses, war-risk insurance and Suez…
Hapag-Lloyd: Israel-Hamas Ceasefire Would Not Put End to Red Sea Crisis
Even after the Suez Canal reopens for transit, it would likely take four to six weeks for operations to…
Singapore Port Congestion Sparks 7-Day Delays Amid Red Sea Fallout
Singapore has needed to reopen shuttered berths and open new ones as it juggles 450,000 TEUs waiting to enter…
MSC Resumes Service to the Port of Baltimore
The ocean carrier makes its return after the Dali vessel responsible for the Key Bridge collapse was…
Maersk, Hapag-Lloyd Prep Return to Port of Baltimore
The ocean carriers are resuming bookings to load and discharge cargo at the port, pending a timely cleanup at…
Ocean Carriers Establish Direct Asia-to-Mexico Trade Lanes
The moves from MSC, CMA CGM and OOCL come as container shipping imports from China into Mexico shot up 60…
Attacks on Shipping ‘Unacceptable’, Industry Associations Tell UN
After the seizure of the MSC Aries, 16 trade groups called on U.N. members to facilitate the release of 24…
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…
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…
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…