Container Shipping

gCaptain’s full coverage of the global container shipping industry.

Thursday, November 30, 2023
FILE PHOTO: Shipping containers are stacked at Gwangyang port in Gwangyang, South Korea, June 14, 2022. Yonhap via REUTERS

Container Shipping Market Faces ‘Brutal’ 2024, Xeneta Says

The latest data from Oslo-based Xeneta suggests that 2024 could be an even more difficult year for carriers in the ocean freight shipping market. The Xeneta

3 hours ago
Total Views: 216

Wednesday, November 29, 2023
Vytautas Kielaitis /

Former Bed Bath & Beyond Files Massive Lawsuit Against MSC Alleging Profiteering

The bankruptcy estate of Bed Bath & Beyond Inc. has filed a complaint with the U.S. Federal Maritime Commission against Swiss-based MSC Mediterranean

22 hours ago
Total Views: 3178

Tuesday, November 28, 2023
Aerial view of containerships at the port of Southampton

Fleet-Heavy Ocean Carriers Also Stuck With too Many Containers

By Mike Wackett (The Loadstar)- Not only do ocean carriers have too many ships, they also have too many containers to fill vessels that are being deployed. In

November 28, 2023
Total Views: 4167

Monday, November 27, 2023
The ONE Integrity with 21,954 TEUs loaded in the Port of Singapore. Photo courtesy ONE

ONE Sets New Cargo Record

Shipping line Ocean Network Express is claiming a new world record with the loading of 21,954 twenty-foot equivalent (TEUs) containers on board a single ship.

November 27, 2023
Total Views: 1950

Friday, November 24, 2023
An image of the containerized VentoFoil wings. Image courtesy ONE

ONE Launches Wind-Assisted Propulsion Trial

Singapore-based shipping company Ocean Network Express (ONE) has announced the commencement of its first wind-assisted propulsion trial. In collaboration with

November 24, 2023
Total Views: 2165

Stock image of an MSC containership

MSC Slaps Surcharge on Boxes Through Restricted Panama Canal

By Alexander Whiteman (The Loadstar) – MSC has slapped a bumper $297 per teu surcharge on shipments transiting the Panama Canal in response to the

November 24, 2023
Total Views: 2986

Monday, November 20, 2023
The Port of Savannah's Garden City Terminal courtesy Georgia Ports Authority

Port of Savannah Sees Notable Uptick in Containership Calls

The Port of Savannah’s Garden City Terminal experienced a significant increase in the number of containership calls last month, with 129 visits for a 26

November 20, 2023
Total Views: 3312

Sunday, November 19, 2023
The CMA CGM Marco Polo container ship passes under the Verrazzano-Narrows Bridge, to enter New York Harbor. Photo: REUTERS/Brendan McDermid

Billlionaire Shipping Scion Warns Of Difficult Time For Industry

By Tara Patel and Benoit Berthelot (Bloomberg) –Rodolphe Saade, the billionaire head of the world’s third-largest container line, warned the

November 19, 2023
Total Views: 4232

Friday, November 17, 2023
Stock photo shows a MSC shipping container being lifted onto a ship

Carriers Struggle to Uphold Rate Increases as Spot Rally Fades

By Mike Wackett (The Loadstar) – After recording gains across the board last week, the container spot market indices are back to flashing red for the

November 17, 2023
Total Views: 899

Wednesday, November 15, 2023
Jane McAllister works a ZIM containership at the Port of Virginia. Photo courtesy McAllister Towing

ZIM Navigates Downturn as Impairment Loss Sinks Earnings

Israeli container shipping line ZIM announced its financial results for the third quarter of 2023, reporting a $2.2 billion loss driven by a massive $2 billion

November 15, 2023
Total Views: 1805

A containership in port

Danaos Navigates Market Uncertainty with Strong Q3 Profits

By Mike Wackett (The Loadstar) – Greece-based non-operating containership owner (NOO) Danaos recorded another strong result in the third quarter,

November 15, 2023
Total Views: 563

Monday, November 13, 2023
Australia Cyberattack Leaves 30,000 Containers Stuck at Ports

Australia Cyberattack Leaves 30,000 Containers Stuck at Ports

(Bloomberg) — DP World Plc is struggling to work through a backlog of 30,000 shipping containers piled up at ports across Australia as the company

November 13, 2023
Total Views: 1607

Sunday, November 12, 2023
A shipping container passes through the Suez Canal in Suez. REUTERS/Mohamed Abd El Ghany/File Photo

Shipping Shifts From Jackpot To Job Cuts After $364 Billion Boom

By Brendan Murray and Tara Patel Nov 12, 2023 (Bloomberg) –Consumers gearing up to buy the latest imported appliances, clothes or electronic gadgets

November 12, 2023
Total Views: 8275

Friday, November 10, 2023
Mega Container-ship CMA CGM Louis Bleriot

CMA CGM Urges Industry to Avoid Price War

By Tara Patel (Bloomberg) — CMA CGM SA, the world’s No. 3 container carrier, urged the industry to avoid a price war as the delivery of new vessels

November 10, 2023
Total Views: 3005

FILE PHOTO: Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, as it sails in the Strait of Gibraltar towards the port of Algeciras, Spain January 19, 2023. REUTERS/Jon Nazca/File Photo

Ocean Carriers’ Race to the Bottom Hits Earnings

By Alexander Whiteman (The Loadstar) – Carriers are themselves driving the rates ‘race to the bottom’ they warned would lead to a “dire

November 10, 2023
Total Views: 7580

The LNG-powered containership, the CMA CGM, on the river Elbe near the city of Hamburg, Germany, February 14, 2021. Photo: FrankHH /

CMA CGM Profits Plunge as Container Shipping Market Normalizes

French shipping company CMA CGM saw a significant decline in profit during the third quarter of 2023, as the container shipping market continued to return to

November 10, 2023
Total Views: 4919

Thursday, November 9, 2023
brussels express lng ship converstion

Container Shipping Bracing for Downturn, Hapag-Lloyd Chief Says

(Bloomberg) — The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical

November 9, 2023
Total Views: 2791

The M/V Berlin Express pictured at the Container Terminal Burchardkai in the Port of Hamburg. Photo courtesy Hapag-Lloyd

Hapag-Lloyd Reports Weak Demand and Lower Freight Rates in Quarterly Earnings

Hapag-Lloyd has released its quarterly earnings report, revealing continued weak demand and significantly lower freight rates compared to last year. The

November 9, 2023
Total Views: 657

Tuesday, November 7, 2023
A containership at the Port of Long Beach

U.S. Container Imports Continue to Rise, Outpacing Pre-Pandemic Levels

U.S. container import volume saw a significant increase in October 2023 compared to September and has even surpassed the levels seen in October 2019 before the

November 7, 2023
Total Views: 3893

Friday, November 3, 2023
FILE PHOTO: Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, as it sails in the Strait of Gibraltar towards the port of Algeciras, Spain January 19, 2023. REUTERS/Jon Nazca/File Photo

Maersk to Reduce Headcount by 10,000 Amid Challenging Market Conditions

A.P. Moller-Maersk has announced plans to cut its workforce by 10,000 employees due to challenging market conditions in the ocean shipping industry as the

November 3, 2023
Total Views: 1975


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