Maersk completes spin-off of oil drilling business

This move is part of a 2016 plan to push the carrier into logistics and supply chain services and away from oil and gas, in search of healthier and more stable profit margins.

By Emma Cosgrove • April 8, 2019

Shifting ro-ro cargo to containers could provide post-Brexit relief

About 20% of the current import volume at the Port of Dover could be shifted from trailers to containers and handled by other ports if post-Brexit congestion clogs the ro-ro facility, a Drewry analysis found.  

By Matt Leonard • April 5, 2019

IMO 2020 could cause M&A uptick among carriers

Drewry posits carriers may seek to consolidate to achieve greater price stability, especially as scrubber cost and fuel markets make for much more unpredictable waters in the months and even years to come.

By Emma Cosgrove • April 3, 2019

DSV to acquire Panalpina in $4.6B deal

The merger creates the fourth largest freight forwarding company by revenue and ends months of speculation about the future of Panalpina. 

By Shefali Kapadia • April 1, 2019

Port of Oakland retrofits cranes with hybrid power

The terminal operator will save on fuel costs and contribute to the port's larger goal of reaching zero-emissions operations.

By Matt Leonard • March 28, 2019

Improper packing, labeling to blame for string of ship fires, insurer says

Mislabeling hazardous materials leads to improper handling, which can cause fires, explosions and loss of life — not to mention cargo. TT Club puts the value of such cargo claims at $500 million per year.

By Emma Cosgrove • March 27, 2019

West Coast imports slip in February after 'global trade frenzy'

Volumes at East Coast ports rose year-over-year, but they may soon be headed for the same downturn as their West Coast counterparts. 

By Matt Leonard • March 25, 2019

Maersk joins alliance supporting low-carbon transport

The world's largest container shipping line is often seen as a leader in innovation and sustainability, taking its goals beyond the requirements of the International Maritime Organization. 

By Shefali Kapadia • March 21, 2019

CMA CGM, Ikea, Port of Rotterdam to test new sustainable fuel

The new biofuel promises significant carbon reductions and does not require any engine modifications, but it's not immediately clear what the final product would cost. 

By Matt Leonard • March 12, 2019

Will shipper-carrier tension melt away in favor of collaboration?

A noticeable sense of underlying tension among supply chain partners permeated sessions at TPM 2019 in Long Beach, California. 

By Shefali Kapadia • March 11, 2019

Solving intermodal's visibility 'black hole'

GE's Port Optimizer gathers and shares data across all stakeholders in the intermodal supply chain, but experts argue the drive must come from shippers. 

By Shefali Kapadia • March 7, 2019

Maersk CEO promises instant booking on most shipments by mid-year

The carrier is advancing its digital processes and visibility in an effort to become more customer centric and provide end-to-end solutions, CEO Søren Skou said at TPM 2019.

By Shefali Kapadia • March 5, 2019

Ocean carriers strive to keep capacity in check

Reduced capacity, if coupled with steady or increased demand, could come with the side effect of higher rates for shippers.

By Shefali Kapadia • March 4, 2019

FMC wrapping up investigation into detention, demurrage fees

In order to develop the commission's final recommendations, Dye has convened "innovation teams," set to meet in Washington, D.C. no later than April.

By Emma Cosgrove • March 4, 2019

US export losses from trade war pegged at $40B

Empty shipping containers in Asian ports are but a symptom of misaligned supply and demand caused by the ongoing trade skirmishes — and a symbol of billions in lost commerce.

By Rich Weissman • March 4, 2019

Ocean carriers need 'significantly higher' surcharges to offset IMO 2020 costs: study

AlixPartners estimated carriers operating Asia-Europe routes would need to increase surcharges by 40% to maintain their current financial standing. Asia-Americas routes would need to increase by 33%.

By Shefali Kapadia • March 1, 2019

Maersk, CMA CGM, Hapag-Lloyd digital leaders among ocean carriers: survey

"The first horses are out of the gate," said Freightos CEO Zvi Schreiber, but much work remains to move away from manual shipment and booking systems. 

By Gary Wollenhaupt • Feb. 25, 2019

Maersk expects trade uncertainty, fuel prices to wreak havoc in 2019

The carrier is in better shape than it was this time last year, but it's the hazy future that makes 2018's gains cold comfort going forward. 

By Emma Cosgrove • Feb. 22, 2019

Maersk strikes deal with refiner to secure low-sulfur fuel source

An adequate supply of low-sulfur fuel is essential to keeping the cost of the IMO 2020 transition in check, as 60% of a ship's operating cost is fuel. 

By Emma Cosgrove • Feb. 20, 2019

CMA CGM completes acquisition of CEVA Logistics

CMA CGM is now a 100,000-employee company with more than $30 billion in revenue, according to the ocean carrier's CEO Rodolphe Saadé.

By Matt Leonard • Updated April 10, 2019

Maersk acquires customs broker Vandegrift to broaden services

The Danish ocean carrier, along with several of its competitors, has been working in recent years to offer more inclusive supply chain services to bolster margins and brand loyalty. 

By Emma Cosgrove • Feb. 13, 2019

Freight market expected to reach $565B by 2022

Trucking is expected to generate the largest revenue of all the freight modes, according to a forecast by Freedonia Group, with expected revenue of $383 billion by 2022

By Matt Leonard • Feb. 11, 2019

Ocean freight rates increased ahead of Lunar New Year — but not by much

This January's month-to-month change was lower than previous years, signaling that rates are being kept up by a rush to beat tariffs.

By Shefali Kapadia • Feb. 11, 2019

Maersk's new virtual assistant helps customers track cargo

The assistant, named Captain Peter, will allow users to see if their shipments are delayed and track the temperature in refrigerated containers. 

By Matt Leonard • Feb. 8, 2019

Hapag-Lloyd will convert 15K TEU ship to LNG

Only a handful of carriers plan to use LNG to comply with IMO 2020, setting Hapag-Lloyd apart from other shipping lines.

By Shefali Kapadia • Feb. 5, 2019