The Suez Canal is effectively closed. Not officially, of course, many Russian shadow fleet and Chinese crewed ships are sailing through. But if you’re a U.S. Merchant Mariner or have…
https://gcaptain.com/trump-vows-to-crush-the-houthi-threat-and-protect-american-ships/
Orient Overseas (International) Ltd. (OOIL) announced robust financial results for 2024 driven by its OOCL ocean container business, with profit attributable to equity holders reaching $2.58 billion, up from $1.37 billion in 2023.
The Hong Kong-based company owned by China’s Cosco Shipping reported revenue increased to $10.7 billion for calendar 2024 from $8.34 billion in 2023. Operating profit rose to $2.62 billion from $1.41 billion, while earnings per share grew to $3.90 from $2.07.
OOIL (0316....
https://www.freightwaves.com/news/oocl-sees-strong-2024-results-despite-ocean-shipping-challenges
Amid a global supply chain wracked by geopolitical strife, trade wars and parochial upheavals, the prospective return of the world’s largest container operators to the Red Sea-Suez Canal route is good news for most of the Middle East, but could signal leaner times for ocean transport providers, an analyst says.
“The opening of the Red Sea will lead to a drop in container [purchase] prices and freight rates and a massive surge in container availability, putting pressure on NVOCC [non-vessel...
https://www.freightwaves.com/news/stay-flexible-in-a-convoluted-market-experts-tell-ocean-shippers
Recent sanctions imposed by the US Treasury’s Office of Foreign Assets Control (OFAC) have disclosed active coordination between Houthi leaders and officials from Russia and China.
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https://container-news.com/further-rerouting-scenarios-red-sea-crisis/
Red Sea diversions and tariff fears boosted container carrier CMA CGM results in 2024, but the company sees a less clear outlook this year.
The world’s third-largest liner operator reported full-year revenue of $55.5 billion in 2024, up 18% y/y. Earnings before interest, taxes, depreciation and amortization was $13.4 billion, with an EBITDA margin of 24.2%.
Net income for the privately held company was $5.71 billion, up 2.07% y/y.
Revenue from container shipping was $36.5 billion, ahead 16.2% from...
https://www.freightwaves.com/news/after-bouyant-year-cma-cgm-sees-unprecedented-uncertainty-in-2025
Ocean container rates on trans-Pacific services to the United States are trending lower but remain elevated from year-ago prices.
Analyst Freightos (NASDAQ: CRGO) said Asia-U.S. West Coast rates fell 8% to $4,362 per forty-foot equivalent unit in its Baltic Index for the week ending Feb. 21 from the previous week.
Asia-U.S. East Coast prices were off 11% to $5,698 per FEU.
“The post-Lunar New Years lull has seen rates fall 30% since January which includes reductions in some peak season surcharges...
Es un momento tumultuoso para estar en la cadena de suministro de contenedores, un negocio que se presta no solo para comprar clichés marítimos sino también verdades tradicionales. Pero decir que la industria enfrenta vientos en contra significativos puede ser un eufemismo. El último disparo a través del arco provino de la oficina del representante […]
Esta entrada Análisis: tarifas del puerto de EE. UU. El último viento en contra para la cadena de suministro de contenedores Aparece primero en Fu...
It’s a tumultuous time to be in the container supply chain, a business that lends itself not only to shopworn maritime cliches but also time-honored truths. But to say the industry faces significant headwinds may be an understatement.
The latest shot across the bow came from the office of the U.S. Trade Representative, which capped an investigation into China’s maritime business by announcing a sweeping set of expensive port fees meant to penalize Chinese ships and shipbuilding while boosting...
The geopolitical instability triggered by the Gaza conflict and Houthi attacks in the Red Sea has significantly disrupted global shipping, with some companies navigating the challenges more effectively than others.
This crisis has underscored the strategic vulnerability of key maritime chokepoints, particularly the Suez Canal, which facilitates around 30% of global container trade. The prolonged disruptions have rippled beyond individual shipping firms, affecting global trade logistics and...
https://container-news.com/geopolitical-instability-in-the-red-sea-impact-on-top-5-ocean-carriers/
The European Union (EU) has prolonged its maritime security mission in the Red Sea region until 28 February 2026, dedicating more than €17 million (US$18 million) to ensure safe passage in light of persistent regional conflicts.
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https://container-news.com/european-union-prolongs-operation-aspides-in-the-red-sea/