Top Container Carriers of 2010
Mediterranean Shipping Company (MSC) rises above Maersk Line and serves as number 1 in export volumes in the U.S. On the other hand, the standing for the number 1 spot in the U.S. for import [...]
Mediterranean Shipping Company (MSC) rises above Maersk Line and serves as number 1 in export volumes in the U.S. On the other hand, the standing for the number 1 spot in the U.S. for import [...]
It looks like carriers are jumping onboard for issuing fees on container cancellations and no-shows from shippers, as Hapag-Lloyd is now adding such a fee to their practices, according to a Gavin [...]
This year has seen record low freight rates due, in part, to overcapacity. To put it simply, there has been way more space on container ships than demand from shippers to fill it. Overcapacity is [...]
Last week we blogged about the P3 Network, an alliance between the largest three shipping container carriers in the world–Maersk, Mediterranean Shipping Co., and CMA CGM. The alliance would [...]
On Tuesday of this week, the world’s three largest container shipping carriers, Maersk, Mediterranean Shipping Co., and CMA CGM announced a long-term operational alliance on East-West trades, [...]
Many shippers feel like ocean freight carriers are unfairly taking advantage of recent global events for financial gain. In particular, many believe the Red Sea-related surcharges carriers are [...]
Introduction We’re still only beginning to see how the changes to U.S. shipping law will affect businesses’ imports and exports as well as carriers’ and other industry stakeholders’ operations [...]
Shippers have long complained about unfair detention and demurrage fees at the ports. A particular point of contention is getting charged for days when port terminals are closed, and it's [...]
One of the top stories in the Journal of Commerce (JOC) yesterday (January 31st, 2022) was CMA CGM acquiring "a majority stake in European last-mile logistics specialist Colis Privé, a parcel [...]
Keith Wallis reported in a Journal of Commerce article this week that South Korea's Fair Trade Commission fined ocean freight carriers over $80 million for collaborating in setting freight [...]
Over the last year and a half, shippers might have thought they'd seen it all. Astronomical freight rates, hundreds of blanked (cancelled) sailings, no-roll fees that basically amount to holding [...]
At the beginning of August, we shared a story in Universal Cargo's blog about a U.S. shipper, MCS Industries, filing an official complaint with the Federal Maritime Commission (FMC) that accused [...]
A couple months ago, we blogged about carriers making billions with these high freight rates shippers are being forced to choke down. Well, that was nothing. Wait until you hear this.... If [...]
In the midst of an early peak season and port congestion, carriers suspend containership calls to the Port of Oakland, according to Bill Mongelluzzo's reporting in the Journal of Commerce [...]
This is staggering. Over 3,000 shipping containers fell into the Pacific Ocean last winter, Tim Lydon reports in the Revelator. We're not talking about all shipping containers lost throughout the [...]
For years, ocean carriers struggled with overcapacity. It pushed freight rates low, and they lost billions. Over the last couple years, carriers learned more discipline with capacity. Over the [...]
Soaring freight rates for the last year plus have significantly cut into shippers' profits. Not surprisingly, these sky-high freight rates have had the opposite effect for carriers. But just how [...]
If you thought freight rates couldn't get any higher, carriers responded with, "Hold my beer." We often focus on transpacific freight rates, with the prevalence of importing from China, which [...]
71 U.S. agricultural industry groups teamed up to write a letter to President Biden, informing him of the injury ocean freight carriers are doing to US agriculture, food, and forestry product [...]
I've typed the words "ocean freight carriers are notoriously unreliable" so many times over the last decade of writing in Universal Cargo's blog that I should probably have the statement [...]