Container Shipping

The Port of Virginia rode the pandemic-fueled imports surge to an all-time fiscal year record in 2021, processing more 3 million TEUs for the first time in the

Cosco Shipping has announced a $1.5 billion order for ten new containerships. The order was placed by COSCO Shipping Holdings at COSCO Shipping’s

By Ange Aboa (Reuters) Deliveries of cocoa beans to Ivory Coast’s two main ports have slowed in recent weeks as an energy crisis hit industries in the

By Brendan Murray (Bloomberg) — Container shipping rates from Asia to the U.S. and Europe increased to new record levels over the past week,

By Nick Savvides (The Loadstar) – Maersk is redesigning its network in west and central Asia to “improve [cargo] speed to market”. The aim is to

How did Maersk CEO Søren Skou navigate his company from unprecedented levels of cargo contraction last year to today’s surge in demand? With vaccine

The Port of Los Angeles has closed its fiscal year with record volumes of 10,879,383 TEUs, setting a new Western Hemisphere record as the economy rebounded

Greek containership owner and charterer Danaos Corporation (NYSE: DAC) has entered into an agreement to acquire six 5,466 TEU containerships on the secondhand

The World Shipping Council (WSC) is coming to the defense of ocean liners after President Biden issued an executive order addressing anti-competitive behavior

The U.S. Federal Maritime Commission and the Department of Justice have signed an agreement to increase cooperation and communication in oversight and

By Mike Wackett (The Loadstar) – Antwerp is the latest North European box port to suffer from the knock-on effect of terminal and quay congestion, with

By Aoife White (Bloomberg) Container shipping’s surging rates are getting scrutiny by the European Union, adding to a U.S. call for more competition among

By Mike Wackett (The Loadstar) – Cosco subsidiary Orient Overseas (International) Q2 figures from its container arm, OOCL, give an early indication of

By Brendan Murray (Bloomberg) — President Joe Biden’s targeting of shipping lines in a crackdown on uncompetitive industries should be welcome

Strong consumer demand is continuing to drive double-digit growth of imports at the nation’s top container ports now a year since the economic recovery

President Biden signed a wide-ranging executive order on Friday directing over a dozen federal agencies to take action to promote competition in the American

By Mike Wackett (The Loadstar) – Ocean carriers have sucked dry the sale and purchase containership market, outbidding one another to acquire tonnage

By David Shepardson WASHINGTON, July 8 (Reuters) – President Joe Biden will soon order U.S. transportation agencies to crack down on anti-competitive

By Brendan Murray (Bloomberg) –The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps

By Mike Wackett (The Loadstar) – Ocean carriers could be on course to make a profit of $100bn this year. And Drewry says their medium-term