A giant containership remains stuck in the Suez Canal, blocking one of the world’s busiest maritime trade routes that’s vital for the movement of everything from oil to consumer goods.
March 24, 2021Containerships News Updates
Shipping Container Crunch Shows Signs of Easing, Index Shows
A global shortage of shipping containers that has sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods.
January 25, 2021Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet
A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.
January 6, 2021Bottlenecks Wear Down World Economy’s Fleet of Containerships
Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days.
December 22, 2020Maersk Warns of Africa Piracy Risk After Cargo Ship Attacked
A containership owned by A.P. Moller-Maersk A/S was attacked off the West African coast, prompting the company to warn of a rising risk from piracy in the area.
December 21, 2020Large Ocean Vessels Create Challenges for Shippers
LONG BEACH, Calif. — Ports throughout the United States are prepared to accept megaships carrying 18,000 TEUs or more, but while the larger vessels create efficiencies for maritime providers, they take more time to unload and can create bottlenecks for those at the port and the drivers hauling the loads.Â
September 19, 2018Ocean Shippers Fear Engine Failures as Industry Forced to Upgrade Fuel
Add oil tankers breaking down at sea to the list of things shipping companies are worrying about as they brace for a once-in-a-generation overhaul to the kind of fuel the industry must consume.
September 11, 2018Ships Carrying 50,000 Containers Are on Horizon, Report Says
Container ships just keep getting bigger and bigger. Today’s top dog, the OOCL Hong Kong, can carry a mind-boggling 21,413 boxes – far more than the largest ship ever to call on the Port of Hampton Roads.
November 29, 2017New Containership Service to Be ‘Fruitful’ for Central America, Port Everglades
Cargo chartering company King Ocean Services Ltd. has entered into a vessel-sharing agreement with Crowley Caribbean Services to offer less-than-containerload service between Port Everglades, Fla., and Central America.
August 11, 2017Cosco Shipping Reaches Preliminary $6 Billion Deal With OOCL; Effect on Trucking Unclear
West Coast seaport officials and trucking executives are monitoring Cosco Shipping’s $6.3 billion bid to purchase Orient Overseas International Ltd. to see how the consolidation would affect their businesses.
July 13, 2017Trending
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