On Monday night, a violent storm hit an Ocean Network Express (ONE) containership on its way to the Port of Long Beach. A large number of shipping containers were lost overboard. Others were [...]
U.S. agricultural exporters are getting screwed. All the international shipping attention in the U.S. seems focused on importing rather than exporting. International shipping news sources, when [...]
It looks like the practices of ocean carriers during the pandemic and the resulting record-high freight rates have caught the attention of American and Chinese maritime regulatory [...]
The peak season continues to be strong, especially for transpacific ocean freight shipping. And surprise, surprise, equipment shortages are reported to have come with the strong peak [...]
How about a positive headline for 2020? It's a great year for ocean freight carriers in the international shipping industry. Transpacific cargo volume continues to surge here in the peak season, [...]
While the idea of shipping goods is quite an old one, using containers for their transportation in bulk quantities across the sea is fairly new. Only about six decades ago, an entrepreneur named [...]
If you go on Facebook and scroll through, you'll probably find a lot of people bemoaning 2020 as a terrible year. For ocean freight carriers, on the other hand, 2020 has been one of the greatest [...]
A couple weeks ago, we posted a blog about how ocean freight carriers, in the middle of the coronavirus pandemic, went from being projected to lose as much as $23 billion in 2020 to looking like [...]
Ocean freight carriers are supposed to lose billions of dollars in 2020, right? Wrong. They're going to make billions. Probably. As long as things continue the way they're going. Wait. [...]
With the first half of 2020 marked by COVID-19 shutdowns around the world, first in China and eventually in the U.S., ocean carriers' biggest strategy for dealing with decreased shipping demand [...]
This is a guest post by David Fan. According to reports: Danish shipping major A.P. Moller – Maersk has decided to join its counterparts CMA CGM and the Mediterranean Shipping Company (MSC) as [...]
We're finally seeing news on how carriers will pass higher fuel costs, which are on the way, to shippers.
It seems that all the news around the International Maritime Organization's [...]
A couple years ago in San Francisco, the world's major ocean freight carriers were holding a biannual Box Club meeting when the U.S. Department of Justice (DOJ) burst in on them with a raiding [...]
Shippers will start seeing random container inspections from Maersk on U.S. imports and exports.
Gavin van Marle reports in the Loadstar:
Maersk Line is set to begin [...]
Something about international shipping has countries worried. And they're considering legislating it, which makes shipping industry professionals nervous.
What's the issue? Invasive [...]
You would think the trade war between the U.S. and China would be nothing but bad for transpacific shipping; however, it may have just saved the year for carriers.
Back in June, we [...]
I've seen a lot of headlines this year about various ocean freight carriers losing money. However, it all came to a head for me with Mike Wackett's article in the Loadstar last week with the [...]
"We're all going to go bust," MOL President and CEO Junichiro Ikeda said to the Financial Times about the near future of ocean carriers in the international shipping industry.
For [...]
Fuel costs have significantly increased this year, causing many carriers to post first-quarter losses for 2018.
At least, carriers are saying higher fuel bunker prices are the cause [...]
Last month, Maersk said it expects carrier competition to shrink to only three global companies. It’s possible that Maersk is wrong, but it’s hard not to take the words and [...]