ONE boosts ownership stake in Seaspan parent Poseidon
CEO Jeremy Nixon said the investment, which could be valued at close to $1 billion, is part of ONE’s plan to reach 3 million TEUs in capacity
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Waves of diverted containers swamping Middle East ports
Ports closest to the Persian Gulf are under mounting pressure with a second round of containers inbound as carriers start to offload cargo that
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Montreal terminal operator signs deal with striking office workers
The port’s Cast and Racine terminals remained open to vessels during the five-month strike by clerical staff, which began last September.
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CBP lays out initial tariff refund plan that requires ‘minimal’ work from importers
Under the US Customs and Border Protection’s proposal, shippers will not have to sue the administration for refunds of the IEEPA tariffs and will
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CMA CGM preps for challenging year after 2025 revenue, profit decline
The carrier said it would rely on the diversification of its activities, network flexibility and financial strength to weather the uncertain outlook this year.
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Gemini suspends, revamps Middle East services amid growing conflict
The service disruptions come as freight tracking platform Vizion said Friday there has been an 81% drop in daily bookings placed by shippers looking
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CMA CGM adds direct India-USWC string as part of Asia network overhaul
The new express service comes amid expectations of a rebound in capacity demand with the easing of tariffs between the two countries and ongoing
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Intercontinental Exchange to launch container freight futures in April
The push to launch futures contracts for container shipping has gained momentum in recent years given the seemingly never-ending volatility and disruption in the
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TPM26: War a problem for container shipping, but not ‘pandemic-scale’: analyst
While of concern to shippers and ocean carriers, the global impact of the war in the Middle East on container flows will be less
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TPM26: Empty boxes pose structural challenge for Europe’s busy ports
A sharp increase in imports from Asia, declining back-haul volume, and congestion delaying the return of empties are slowing down the repatriation of equipment
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