container shipping

The always cool and collected Gene Seroka nearly got fired up when talking about Southern California ports' loss of market share during a press conference on cargo volumes. Seroka, executive director of the Port of Los Angeles, gave a more than three-minute response when asked Wednesday about what...

Spot rates in the trans-Pacific ocean trade continue to reach epic new heights, leading to talk of price gouging. "Container lines have done well during the global pandemic, but are they profiteering from the crisis?" asked U.K.-based consultancy Drewry. "Perversely, lines look set to make more...

THE Alliance and 2M have canceled 75 sailings scheduled for the third quarter. In a joint announcement, THE Alliance — Hapag-Lloyd Aktiengesellschaft (OTC: HPGLY), HMM, Ocean Network Express and Yang Ming — said Wednesday that it will continue to have blanked sailings through September at least....

The North Carolina State Ports Authority is celebrating a refrigerated container volume record and the expected arrival of the largest vessel ever to call the Port of Wilmington. NC Ports said it moved 1,459 refrigerated containers — 2,918 twenty-foot equivalent units (TEUs) — through the Port of...

Container lines have "blanked" (canceled) an unprecedented number of sailings to bring capacity in line with coronavirus-stricken cargo demand. Blank-sailings data is a key leading indicator for U.S. ports, cargo shippers, truckers and railways. A container ship that doesn't depart from Asia...

Steep reductions in containership sailings over the next several months due to the ongoing coronavirus pandemic have many U.S. marine terminal operators wondering how they are going to afford their annual lease payments to port authorities. The country's nearly 100 large and small container...

Global carriers are heavily curtailing ocean services as the coronavirus decimates import demand. Just as it makes sense to rationalize vessel deployment, it also makes sense to rationalize terminal usage. There will inevitably be terminal winners and losers in the months ahead. The legal fight in...

Oceanex, which said it delivers nearly 50% of the freight to Newfoundland, has suspended a weekly sailing from Montreal to the Port of St. John's "in response to impacts of COVID-19 on the sustainability of operations." Executive Chairman Sid Hynes told American Shipper on Thursday, "As the...

In the second article of a two-part series, FreightWaves examines how COVID-19 affects the Caribbean Basin's all-important transshipment hubs. Part One addressed fallout for regional container markets and carriers.   The palm trees waving languidly in the breeze are deceptive. In the world of...

The online services of Mediterranean Shipping Company (MSC), the second largest container line in the world, are now back online after an extended outage. The company's website, msc.com, and its online booking platform, myMSC.com, went offline last Thursday night. In the interim, customers were...

Container shipping companies including Maersk Line, MSC and others continue to "blank" (cancel) transoceanic sailings to bring vessel capacity in line with pandemic-stricken cargo demand. And by doing so, they've been able keep freight pricing from collapsing — so far. More blank sailings...

There's an old saying: "You can't stop a big ship on a dime." A fully loaded supertanker can take 20 minutes over a 15-mile stretch to go from full speed to full stop. The higher the mass of an object in motion, the greater its inertia. The same goes for global trade, which is much bigger than a...

The Port of Long Beach said it continued to feel the economic effects of COVID-19 in March with more canceled sailings and a decline in cargo containers shipped through the nation's second-busiest seaport. Terminal operators and dockworkers moved 517,663 twenty-foot equivalent units (TEUs) last...

The U.S. Federal Maritime Commission (FMC) said there has been no shortage of container-shipping industry members willing to participate in its initiative to identify ways to overcome supply chain obstacles caused by the coronavirus pandemic. "There was a very strong, positive response to the...

Container lines have now cancelled 212 sailings over the next three months in response to the coronavirus pandemic, according to Copenhagen-based Sea-Intelligence. The tally has more than quadrupled from 45 "blank" (cancelled) sailings just one week ago. According to Sea-Intelligence CEO Alan...