Ocean carriers
Cosco Reopens Middle East Bookings Amid Hormuz Volatility
The Chinese carrier becomes the first major line to reopen bookings to select Gulf states as security risks…
Iran’s $2 Million ‘Pay-to-Pass’ Fees Reportedly Emerge in Strait of Hormuz
On Tuesday, the Iranian Navy turned back a container ship from passing through the corridor due to "failure…
Hormuz Disruptions Lift India-Bound Freight Rates
According to Xeneta, average spot rates for goods shipped from China to India's Nhava Sheva Port have…
Container Freight Rate Slide Hits CMA CGM, ZIM Earnings
Global container shipping capacity continues to outpace demand, pushing spot rates lower and clouding…
Gulf-Bound Cargo Bookings Fall 81% as War Leaves Shipments’ Final Destinations Unclear
With its "end of voyage" declaration, MSC could generate up to $150 million in diversion fees, with shippers…
Container Ships Stuck in Persian Gulf as Hormuz Conflict Paralyzes Traffic
More than 120 vessels remain inside the Gulf while carriers divert containers to Singapore, Colombo and other…
Attack on Container Ship in Strait of Hormuz Triggers Wider Gulf Shipping Disruptions
More ocean carriers are halting Gulf bookings and diverting cargo as the Malta-flagged Safeen Prestige caught…
‘You Can’t Insure Your Assets There’: ONE CEO Warns as Shipping Skirts Hormuz
Amid industrywide concern, President Trump said the U.S. will cover risk insurance for ships and provide a…
Ocean Carriers Dodge Hormuz, Red Sea as Middle East Conflict Jolts Global Shipping
War-risk premiums and emergency freight hikes threaten to drive up landed costs for shippers reliant on Gulf…
‘Targeted Injection of Capacity’ Into Vietnam, Thailand Reshapes Ocean Networks
A Sea-Intelligence analysis of the Ocean Alliance's network update says carriers are "betting on the…
Hapag-Lloyd Targets Downcycle Flexibility with $4.2B ZIM Acquisition
By acquiring ZIM, Hapag-Lloyd increases chartered vessel exposure, a strategy executives say will help adjust…
Falling Freight Rates Undercut Hapag-Lloyd Earnings, Overshadow Volume Gains
Despite stronger volumes than the broader container market, profit fell sharply as freight pricing…
HMM Launches Early Retirement Program as Carriers Tighten Costs
The South Korean ocean carrier insists the move is unrelated to a potential sale or overall container market…
NY/NJ Port’s Top Terminal Draws Suitors as Trade Shifts Away From China
An official sale process has not yet begun and there is no timeline for a divestment, but multiple carriers…
Maersk Slashes 1,000 Staff as Slumping Freight Rates Sink Earnings
Cuts of $180 million will target 17 percent of corporate roles as the carrier braces for supply overcapacity…