The Port of New York and New Jersey closed out 2022 handling a record 9.5 million TEUs—smashing its previous record set a year earlier in 2021. The TEU
German container shipping company Hapag-Lloyd has acquired a 40% stake in India’s leading private terminal and inland transport service provider J M Baxi
Drewry believes MSC’s biggest size makes it better positioned to go it alone in the competitive market for container shipping, while Maersk’s focus
By Ana Monteiro (Bloomberg) — The pandemic-era surge in shipping costs was a “smoking gun” that foretold the global inflation spike, and the sharp
By Jacob Gronholt-Pedersen COPENHAGEN, Jan 25 (Reuters) – Denmark’s Maersk and Swiss-based MSC, the world’s largest container shipping
By Seun Sanni LAGOS, Jan 23 (Reuters) – Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is
U.S. container ports experienced the largest contraction of inbound containers ever in the final months of 2022 as a slowdown in global trade continues to
The Port of Charleston handled a record 2.8 million TEUs in 2022, joining other East and Gulf Coast ports that also reported record cargo volumes in 2022.
By Mike Wackett (The Loadstar) – North Europe’s container hub ports are bracing themselves for the weak January import volumes from Asia to continue
By Mike Wackett (The Loadstar) – Transpacific container carryings from Asia to the US west coast fell sharply in last year’s fourth quarter reflecting
Cargo volumes at the Port of Long Beach fell just shy of 2021’s record last year as trade slowed in the second half of the year. The Port of
Port Houston has closed out its best year on record in 2022 with 3.9 million TEUs handled. As the port reports, the figure is nearly double the volume posted
By Mike Wackett (The Loadstar) – Ocean carriers are busy cascading bigger ships on to secondary trades in order to absorb some of their surplus tonnage
By Mike Wackett (The Loadstar) – Ocean carriers do not expect consumer demand in North Europe to recover until at least March, when they hope container
By Mike Wackett (The Loadstar) – Improved booking prospects show the Asia to Mediterranean tradelane is proving more resilient than the North European
By Laura Curtis (Bloomberg) A year ago this week, a record 109 container ships carrying US imports surrounded the twin ports of Los Angeles and Long Beach,
Container shipping’s pandemic-driven surge has finally come to end as imports through the United States’ major container ports falls below the 2
By Samson Ellis and Yvonne Man (Bloomberg) — Taiwan’s Evergreen Marine Corp. is celebrating a standout year by awarding stellar bonuses to some of its
By Lisa Baertlein LOS ANGELES, Jan 9 (Reuters) – Prices in the most volatile segment of ocean shipping are collapsing, but top
By Mike Wackett (The Loadstar) – Container spot rates from Asia to North Europe, as recorded by Drewry’s WCI index, increased by 10% this week from
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