Container line schedule reliability remained low in October with no line managing over 50% reliability and the lowest – Evergreen – just 13.6%. Marcus Hand | Nov 30, 2021 Sea Intelligence’s latest Global Liner Report showed a marginal improvement in container line schedule reliability in October with 0.4% percentage point improvement to 34.4%. The report covers

SSA Marine has notified importers at its Seattle port facilities that it will introduce an additional storage charge on Wednesday for containers lingering longer than five days in an effort to clear space so stevedores can better service vessels and reduce cargo delays. The cargo-handling company said a temporary levy of $50-per-day fee will be

The ports of Los Angeles and Long Beach for a second time have postponed collection of a new surcharge on long-dwelling containers, saying progress by ocean carriers and shippers has reduced the amount of aging containers on the docks by a third. Fees will not be assessed before Nov. 29, the port authorities said Monday.

Unprecedented $48.1bn earnings for container shipping in Q3 saw the industry surpassing tech giants Facebook, Amazon, Netflix and Google, or FANG, in terms of profitability. Marcus Hand | Nov 22, 2021 The McCown Container Results Observer estimated the profit of container shipping in Q3 at $48.1bn taking the earnings of public listed lines, which stood at

Another ocean carrier financial report, another awe-inspiring bottom line. Germany’s Hapag-Lloyd posted its best quarter ever on Friday, and CEO Rolf Habben Jansen provided his take on spot rates, California congestion and all those new container ships that were ordered. The world’s fifth-largest ocean carrier reported earnings before interest taxes, depreciation and amortization of $3.92

Current container supply chain congestion is set to continue through 2022, with a return to liner schedule reliability a key factor, according to the Port of Rotterdam. Marcus Hand | Nov 12, 2021 Europe’s largest port has seen good volume growth this year, although these volume increases on their own would not result the difficulties being

PortMiami posted a record fiscal year 2021 with throughput up 17.6% to 1.25m teu making calendar 2021 the busiest in history. Michele Labrut | Nov 09, 2021 Despite strong growth, in the fiscal year 2021 (from 1 October 2020 to 30 September 2021), the port precinct did not have any detained vessels, congestion or delays. The

CMA CGM is acquiring Fenix Marine Services (FMS) one of the largest container terminals in the Port of Los Angeles. Marcus Hand | Nov 04, 2021 The $2.3bn deal sees CMA CGM acquiring a 90% stake in FMS from private equity fund EQT Infrastructure III, making the French line the sole shareholder in the terminal. The terminal