Renzo and Andrea Rosso Push OTB’s Sustainability Agenda to New Heights
Beauty’s Highest-paid CEOs
Ocean carriers
Amazon Slapped with $96M Complaint by Chinese Ocean Carrier for Breaking Contract
The e-commerce giant backed out of a two-year contract after an 11-month period where spot freight rates…
A Peek Inside India’s $9 Billion Vadhvan Port Project
By the time the port is completed in 2039, it is expected to be the largest container handling hub in India…
A Renewed US Shipbuilding Push Has Potential Side Effect—Higher Shipping Costs
The SHIPS for America Act proposed in Congress would be a boon to maritime shipping and security, but could…
Houthi Threat on Red Sea Shipping Still ‘Conditional’ Despite Israel-Hamas Ceasefire
Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of…
Red Sea Return Still Risky After Israel-Hamas Ceasefire
Hapag-Lloyd reiterated it will return to the Red Sea "when it is sufficiently safe to do so," while Maersk…
Crate & Barrel Says Ocean Carriers Failed to Honor Service Contracts
The home decor retailer and another now-bankrupt wholesaler, NBG Home, are the latest firms to take alleged…
As Retail Hails East Coast Port Deal, US-Bound Container Prices Might Ease
NRF and RILA are breathing a sigh of relief, while firms like Maersk, Hapag-Lloyd and Cosco saw stock prices…
Cosco Shipping Designated a Chinese Military Asset by US Department of Defense
The blacklist does not carry specific penalties, but discourages U.S. firms from doing business with the…
The Red Sea Crisis May Have Prevented an Overcapacity Crunch
Average capacity offered on Asia-to-Europe routes has increased just 8.8 percent, despite 31 percent more…
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed…
Hapag-Lloyd, ZIM Add Surcharges to Hedge Possible East Coast Port Strike
Additionally, ocean carriers MSC and CMA CGM will add transit fees at the Panama Canal Jan. 1 in response to…
US Navy Fends Off Multiple Houthi Attacks as Container Ships Still Avoid Red Sea
There have been 136 attacks on commercial vessels in the area since last November, and container lines have…
Gemini Alliance’s UK Port Swap is All About Schedule Reliability
Maersk and Hapag-Lloyd will stop at London Gateway instead of the Port of Felixstowe when their…
Hapag-Lloyd CEO Cautious on Trump Tariffs, but Praises ‘Very Healthy’ Demand
Rolf Habben Jansen said it was "difficult to judge" how much of the high container demand is due to…
Container Market’s ‘Sustained Demand’ Banks $2.7 Billion Profit for CMA CGM
The ocean carrier also reneged on a recent decision to return to the Suez Canal via its India-to-U.S. East…