Container Shipping Industry Expected to Remain Profitable Despite Downturn
The container shipping industry experienced a second straight earnings downturn in the fourth quarter of 2022, with net income reaching $34.7 billion,
The container shipping industry experienced a second straight earnings downturn in the fourth quarter of 2022, with net income reaching $34.7 billion,
The top ten container ports in the U.S. had a their biggest monthly decline on record in February, reflecting the dramatic boom-to-bust cycle caused by the
Container imports into the U.S. recored the biggest decline in more than a decade last month. In his latest ports report, industry veteran John McCown said
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
Imports through the top ten container ports in the U.S. marked the largest overall monthly decline since the financial crisis and likely the largest single
The results are in. The container shipping industry earned profits of $58.9 billion in the third quarter, breaking a streak of seven straight record quarters
Imports into the top 10 U.S. container ports fell 5.5% in September driven by a steep drop on the West Coast, industry veteran John McCown said in his latest
With U.S. port data from August trickling in, we’re getting greater insight into the West to East cargo shift that continues to play out in the United
As part of the directives to the Federal Maritime Commission (FMC) contained in the three month old “Ocean Shipping Reform Act of 2022” (OSRA 2022), the
While inbound container growth appears to be flattening for now, the long-term outlook spells trouble for U.S. ports. Liner industry veteran John McCown,
By Brendan Murray (Bloomberg) — The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%,
Ocean carriers raked in a “mind-bending” $59.3 billion profit in the first quarter of the year—the highest quarterly earnings in container
Join the 93,868 members that receive our newsletter.
Have a news tip? Let us know.Maritime and offshore news trusted by our 93,868 members delivered daily straight to your inbox.