Ocean carriers
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"…
Biden Admin Expands Supply Chain Data-Sharing to Track Inland Ports
The FLOW initiative includes retailers like Walmart, Target, Nike, Ikea and Gap Inc., as well as UPS, FedEx…
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…
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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…
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…
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…
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…
All Eyes on the Suez Canal as Container Shipping Giants Halt Passage Through Red Sea
Rerouting vessels around Africa could add 10 days to a ship's route—and 15 percent to shipping costs—said S&P…
Bed Bath & Beyond Files $316 Million Lawsuit Against MSC
The world's largest container shipping firm said it is studying the "meritless" claims in the bankrupt…
Container Demand Rebound Could be 18 Months Away
According to Container XChange, 43 percent of shippers and carriers expect low-profit freight rates to…
FMC Issued $3M in Fines Against Ocean Carriers
The FMC resolved 36 cases involving illegal charges and contract breaches in the 12 months to September.
Why Ocean Carriers are Butting Heads with the FMC
Carriers cry foul at the FMC's suggested changes to the Ocean Shipping Reform Act of 2022, which target…
Maersk CEO Figuring Out ‘Radically Changed Business Environment’
Collapsing freight rates and declining demand cut the ocean carrier's Q1 revenues.
Bed Bath & Beyond Claims Ocean Carrier Owes it $32 Million
Plus, the bankrupt retailer has been sued by a different shipping company it says owes it more than $7…
MSC, Maersk Ending 2M Alliance in 2025: ‘Much Has Changed’
The CEOs of the freight giants said the divorce "paves the way for both companies to continue to pursue their…