Ocean carriers
India Charts $1 Trillion Course to Become Maritime Powerhouse
At a New Delhi roundtable, India's shipping minister pitched global envoys on mega port projects, green…
OOCL Warns US Port Fee Impact ‘Relatively Large’ as Cosco Looks Beyond Trans-Pacific Trade
The trans-Pacific trade lane generated 29 percent of container shipping revenue for Cosco and OOCL in the…
Panama Canal Puts Port Rights Up for Sale in Bid to Foster Carrier Competition
The Panama Canal Authority plans to sell two yet-to-be-built ports as concerns grow of widening influence…
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ZIM Warns of Weak Peak Shipping Season as Freight Rates, Volumes Slide
"Maybe the bulk of it is already behind us," said ZIM chief financial officer Xavier Destriau, as poor…
Hapag-Lloyd Warns of Slower Container Demand in H2 2025, Plans $1B in Cost Cuts
The cost-cutting program is largely driven by the carrier's recent phase-in into the Gemini Cooperation…
US Ambassador Calls Panama Ports Owner ‘A Bad Operator’ as Cosco Rumors Ramp Up
Washington again pressures Panama to cut Chinese ties near the canal, while Cosco's potential entry into the…
Maersk Lifts 2025 Outlook as Global Container Market Defies Tariff Turbulence
The ocean carrier now expects worldwide container market growth to expand between 2 percent and 4 percent…
Dali Shipowners Sue Vessel Manufacturer Over Baltimore Bridge Collapse
The Singaporean duo claims Hyundai Heavy Industries is negligent for designing a faulty switchboard on the…
Houthis Vow More Red Sea Attacks on Israel-Linked Ships
Last month, the Yemini group attacked multiple vessels, killing four seafarers on the bulk carrier MV…
CMA CGM Watching Hutchison Port Sale ‘Very Closely’ As Potential Suitor
The ocean carrier giant has scooped up multiple port terminals in recent years, and could enter the…
European Port Congestion is ‘Here to Stay’ Through 2025
Vessels are enduring wait times of up to 10 days for a berth in the Port of Rotterdam's World Gateway…
Dollar General Claims Yang Ming Owes $14.8M Over Failure to Fulfill Contract
The discount retailer claims the carrier diverted reserved cargo space to higher-paying customers, leading…
Pakistan Slashes Port Qasim Export Fees 50% in Bid to Revive Trade, Lure Ocean Carriers
Facing regional restrictions, the Port Qasim Authority cut costs for exporters in effort to boost apparel…
US-Iran Clash Sparks Strait of Hormuz Blockade Threat Fears
A blockade would likely be a more targeted operation focused on U.S. and Israeli shipping, according to a…
Chain Reaction: Michael Goldman of Caru Containers on Why ‘Sourcing Diversity is Paramount’
In this Q&A, Goldman discusses how Caru Containers supports its partners in building more resilient and…