container shipping

The shipping research and consulting firm Drewry says supply is expected to continue to outstrip demand in the container shipping industry but that carriers are "battle-hardened to cope with yet another challenging and unpredictable year." "Much like last year, carriers should be able to return...

The start of a new year is prime time to reflect upon not just the prior year, but the longer-term journey. In the container-shipping sector, a central question is: With all of the ownership consolidation and alliances, has the industry been able to charge more over time to move a container from...

December slides in container spot rates could give way to higher rates on mainline trades, according to Maritime Strategies International, or MSI. Carriers achieved success with GRIs and aggressive capacity management at the start of November, but spot rates then retreated. "We expect Asia-Europe...

The split between the world's two largest container-shipping trade routes has grown even more acute as this year comes to a close. The cost to transport eastbound boxes across the Pacific from Asia to the U.S., as tracked by the Freightos Baltic Daily Index, has continued to slump, whereas the...

A sharp reduction in costs helped CMA CGM boost profits in the third quarter, but the purchase of CEVA Logistics continues to weigh heavily on the bottom line of the container shipping and logistics conglomerate. CMA CGM's core earnings before interest, taxes, depreciation and amortization (EBITDA...

The container-on-barge business of the SCF Marine Inc.'s SEACOR America's Marine Highway (AMH) unit has seen its business grow rapidly with the boom in exports of plastic resin from U.S. producers. SCF is a subsidiary of SEACOR Holdings Inc. (NYSE: CKH) The SEACOR AMH service moves containerized...

Farmers and other shippers in Oregon got some good news this week when the South Korea-based container carrier SM Line announced it will bring weekly container shipping service back to Portland early next year. The service "will create more jobs for Oregonians and more opportunities for local...

The good news for container lines is that trans-Pacific box shipping rates actually did improve in early November, just as forecasters had previously predicted. The bad news is that rates remain well below where they were at this time last year. From a year-on-year perspective, it's too little, too...

Brian Sondey, the chief executive officer of Triton International Ltd. (NYSE: TRTN), said the world's largest container leasing company had solid financial performance in the third quarter despite facing weak leasing demand since last fall and slow leasing activity throughout what is traditionally...

The ebb and flow of trade relations between the U.S. and China have had a significant effect on Pacific container markets, whether cargoes are discharged on the West Coast or transit the Panama Canal to the East Coast. Now, trade tensions are heating up between the U.S. and Europe. The U.S. is...

BIMCO's chief shipping analyst Peter Sand says in a commentary that global container shipping volumes in the first seven months of 2019 were 1.2% higher than in the same period of 2018, While that reflects a pick-up in activity, as in the first quarter this year volumes were only 0.8% higher than...

What if a giant bird could grab ocean containers with its oversized talons and fly them out of a congested port to a location several miles away — perhaps an intermodal rail terminal or less congested truck depot — so that not all the trucks shuttling containers had to travel the same roads or line...

Read the headlines on trade wars and tariffs and the clash of wills between the U.S. and China, and you'd think the ocean container-shipping sector is highly volatile – tossed in the center of a storm. Analysts and executives speaking at the Marine Money Week conference in New York on June 16-19...

Industry lobbyists and seafarers' union present opposing views on whether the alliance structure of ocean carriers has worked. In addition to fuel changes next year, another big uncertainty facing container shipping is its anti-trust status in Europe.   The industry's three major...