Container Shipping Industry Faces Unprecedented Slump in Long-Term Rates
The container shipping industry experienced a significant downturn in global long-term freight rates during the month of May, as the contracted cost of
gCaptain’s full coverage of the global container shipping industry.
The container shipping industry experienced a significant downturn in global long-term freight rates during the month of May, as the contracted cost of
Global container production is set to reach its lowest level in 14 years due to stagnating trade and a surplus of shipping containers caused by eased
By Mike Wackett (The Loadstar) – The prospect of a traditional peak season is slipping away with each week that passes and ocean carriers are as yet
By Mike Wackett (The Loadstar) – The Panama Canal Authority (ACP) is to further reduce the maximum draft allowed for vessels transiting the waterway
The World Shipping Council (WSC) has released its annual Containers Lost at Sea report, shedding light on encouraging developments regarding container safety
By Mike Wackett (The Loadstar) – Last week’s announcement by the 2M Alliance partners that they intend to inject nine additional vessels into
By Mike Wackett (The Loadstar) – MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-hand containerships,
As U.S. imports continue to come in well below last year’s records, Port Houston has announced that its container exports are surpassing historic volumes
South Korean shipping line Hyundai Merchant Marine (HMM) has announced plans to reign in costs as it reports a significant decline in its financial performance
Cargo container traffic slowed at the Port of Long Beach in April as consumers continued to limit purchases and shippers shuffled trade from the West Coast to
Port Houston has made significant progress in the competitive landscape of U.S. container ports, leaping from the seventh to the fifth spot in the ranking
By Mike Wackett (The Loadstar) – Next month, 2M partners MSC and Maersk will deploy nine extra vessels on their Asia-Europe services, an injection of
by John Konrad (gCaptain) In the vast cosmos of technological innovation, the concept of rocket-propelled cargo transport has become a dazzling star,
Hapag-Lloyd, one of the world’s leading container shipping companies, has reported its financial results for the first quarter of 2023, highlighting the
By Mike Wackett (The Loadstar) – THE Alliance and Ocean Alliance vessel-sharing partners are taking full advantage of the 2M’s potentially messy
Jacksonville Port Authority (JAXPORT) has announced a new record with the arrival of the ONE Stork, marking the largest container ship to ever call
Descartes’ latest Global Shipping report highlights an increase in U.S. container import volumes in April 2023, with a significant surge in imports from
More than $1 million in disputed charges have been waived or refunded through the Charge Complaint process, established by the Ocean Shipping Reform Act of
(Bloomberg) — Chinese imports plunged and export growth slowed in April as the recovery waned, raising concerns about the country’s ability to boost
After years of seafarers being injured or killed during lifeboat evacuation drills, the Container Ship Safety Forum e.V. (CSSF) has called for a revolution in
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