Strong finish: Ocean lines raise profit outlook by 200%
Ocean Network Express liners expect the coming quarter to carry 2026, raising its full-year profit outlook by 200%.
The global shipping industry is constantly evolving, and the COVID-19 pandemic began a marked shift in how container shipping operates. Disruption caused by the pandemic has forced the industry to expand its capacity and reduce costs to remain profitable.
At the peak of the pandemic, containers essentially stopped moving. As manufacturers went into lockdown and closed factories, many of the containers used to ship those manufactured goods were left stranded at ports or storage depots, where they weren’t needed. Simultaneously, freight shippers were reducing the number of vessels in use due to the manufacturing slowdown. This limited global shipping capacity and disrupted the worldwide flow of containers and goods. As a result, some regions were left with an excess of stored containers, while other places were left with no containers at all.
As the pandemic slowed and the global economy began to rebound, labor shortages and congestion at ports have left many of these stored containers stuck where they aren’t needed. Now, instead of a shortage of shipping containers, the industry is dealing with too many. Many container storage depots are turning away new clients due to lack of space, and some shippers are even giving containers away to make room. Blank and cancelled sailings are increasing as well, as shippers decide to skip a port or cancel a trip altogether in order to manage changes in demand and capacity.
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Ocean Network Express liners expect the coming quarter to carry 2026, raising its full-year profit outlook by 200%.
South Korea’s Hyundai Merchant Marine is shifting vessel orders away from containers to other sectors. Is this a warning flag for shipping?
Liner CMA CGM and private equity’s Stonepeak are partnering on United Ports LLC, with terminals on four continents.
CMA CGM saw revenue and profit surge in the second quarter even as volatile conditions buffeted the supply chain.
Prosecutors charged 11 people after seven migrants, including a 14-year-old, died inside a rail cargo container traveling through Texas. Each defendant faces up to life in prison if convicted.
Far East shipping spot rates are softening slightly but remain high; declines are gradual and expected to continue in August.
Officials said traffickers hid nearly 1,700 pounds of cocaine among banana pallets inside a legitimate produce shipment moving through the international supply chain.
A public-private partnership backed by the Department of Transportation is testing nuclear reactor technology for commercial shipping operations.
Fuel prices climb anew as U.S., Iran battle over Strait of Hormuz, but near-term outlook for tariff pressures uncertain ahead of midterm elections.
Marad is partnering with the Port of Long Beach to pilot small modular reactors for commercial shipping.
ITE Management has acquired the North American Chassis Pool Cooperative, expanding its intermodal platform to over 60,000 units.
Yemen’s Houthi rebels announce a ‘blockade for blockade’ in escalation with Saudi Arabia that again threatens the Suez Canal shipping route.
Enhanced industry precautions and stronger law enforcement responses drive a regional decline in crime against Asia-based shipping.
Orient Overseas Container Line saw mostly improved second-quarter performance across volumes, utilization, and pricing.
The Port of Los Angeles topped 1 million TEUs for only the third month in its 118-year history.
The Port of Long Beach achieved its third-busiest June despite economic uncertainty and war-related supply chain pressures.
The Port of Jacksonville has broadened its reach as two liner operators add the Florida port gateway to a three-continent service.
DP World is reportedly planning a new UAE port and container terminal away from the Strait of Hormuz.
Shippers could start to see some relief from soaring trans-Pacific ocean rates, according to one analyst, as prices moderated in the most recent week.
Iran closed the Strait of Hormuz and attacked U.S. installations and regional energy production in a widening Gulf war.
The leadership transition at the fourth-busiest U.S. container port is marked by little more than a change in parking spaces.
Retailers are frontloading imports to beat expected August tariff increases, pushing major U.S. container ports toward a new all-time record in volume this month.
Strong demand on the trans-Pacific keeps container rates high despite lower fuel costs, though volumes may be peaking early.
A shift by a major carrier partnership could signal a wholesale return of global shipping to the Suez Canal.
Ocean shipping rates continue their upward climb as peak-season demand, and not crude oil, are driving higher prices.
FedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary.
Maersk raises its 2026 FY guidance, citing strong container demand in the Far East and higher spot rates.
A change of leadership at Zim Integrated Shipping Services as CEO Eli Glickman steps down after 10 years at the helm.
In 2025, 1,478 containers were lost at sea, a new report found, with challenging weather and fires the primary causews.
Hamburg’s Eurogate container terminal could soon have a powerful new stakeholder.
The world’s second-biggest ocean container line makes a major rail shift for boxes moving inland out of Southern California.
The busiest U.S. container port recognizes a local trucking provider for helping establish a “Green Truck Corridor” between the port and Mexico.
South Carolina Ports is pausing operations at a key container terminal amid an uncertain outlook for trade and a need to reduce costs.
An unidentified cargo vessel was the target of a suspected attack off Oman just as global shipping restarts transits through the Strait of Hormuz.
The Port of Long Beach saw record-high cargo growth in May despite economic and geopolitical uncertainty.
U.S.-based Americold plants a flag in Canada as part of a rail-maritime cold chain integration with CPKC and DP World.
Iran is likely to assert newfound control over the gateway to the Persian Gulf and its crude oil stockpiles.
CSX officially opens a $495 million tunnel project in Baltimore to increase container traffic along the I-95 corridor and at the city’s port.
In the arms race among East Coast container ports, the Port of Virginia has raised the bar by deepening the harbor.
Amid the Iran conflict, the introduction by ocean carriers of emergency bunker surcharges on top of standard adjustments created a risk that shippers were double-paying for fuel price increases.
Trade experts at Flexport say July could bring sweeping tariff changes, new compliance requirements and legal battles over U.S. trade policy.
Resilient consumer spending helped boost what is looking like an early peak shipping season as importers try to stay ahead of rising fuel costs and the changeable U.S. approach to trade.
But supply chain normalcy is likely months off as anxious shippers spur an early peak in a rush to beat fuel surcharges and price hikes by Asian manufacturers. Spot rates on the benchmark Asia-U.S. West Coast route were unchanged at $4,836 per forty foot equivalent unit (FEU) in the latest week, according to the Freightos […]
The United States and Iran announced an agreement to end the war in the Arabian Gulf, but it could take months for shipping and logistics to normalize.
Shippers of American agricultural commodities say a push by Democrats to tax Chinese ships docking at U.S. ports could put some crop producers out of business.
The Trump administration unveiled a program to pre-screen import containers and streamline connections through the supply chain.
The Los Angeles Board of Harbor Commissioners has approved a $3.4 billion annual budget for fiscal 2026-2027 for the Port of Los Angeles. The increase comes as the port, which along with neighboring Long Beach comprises the busiest U.S. container gateway, is forecasting a 7% decline in box volumes, to 9.3 million twenty foot equivalent […]
The biggest U.S. container port leveraged a program to award $54.4 million in materials and services contracts to small businesses.
Leading Democratic senators have called for the U.S. to reinstate a tax on Chinese ships after Trump and Xi agreed to a mutual postponement through November.
Investigators say organized cargo theft crews continue targeting Arizona rail corridors, with train burglaries occurring up to a dozen times each month across Northern Arizona.
A year after analysts predicted a fundamental shift to a late peak season, trans-Pacific rates are surging on frontloading by importers as the U.S. hits dozens of countries with new punitive tariffs.
The Gulf crisis has yet to hit global container traffic, liner operators say, as April volumes surged past year-ago levels.
A liner drops one of the biggest recent surcharges as demand surges for the peak shipping season.
Rate hikes and surcharges pushed up benchmark ocean container rates by $1,000 in the latest week, with more to come.
Cargo through the Port of Oakland was little changed from a year ago despite a decline in total vessel calls.
Maersk paid a $1.9 million fine to the Federal Maritime Commission for improper detention billing to non-contracting third parties.
Maersk this week contradicted a consultant’s report that one of its vessels made a recent transit of a violence-plagued Mideast shipping route.
New Port of Virginia CEO and Executive Director Sarah McCoy spoke with FreightWaves at the hub’s annual State of the Port event.
In Virginia, South Korea’s LX Pantos Americas eyes collaboration that will enable long-term growth.
CMA CGM sees precipitous decline in Q1 core earnings as higher volumes failed to boost weak ocean rates.
Port Houston reported its first container slowdown since early 2025 in April, though executives say improving May volumes point to a quick recovery.
Long-serving International Longshoremen’s Association executive James McNamara inducted into the International Maritime Hall of Fame.
The Georgia Ports Authority said higher operating costs and a softer market were reflected in the latest container figures for the Port of Savannah.
The U.S. Justice Department has indicted four major Chinese shipping container manufacturers and seven executives in a global price-fixing conspiracy.
Ahead of a takeover by Hapag-Lloyd, Zim earnings were hit by a softer freight rate environment and weaker demand.
Southern California ports saw broadly steady container dwell in April across truck and rail.
As the peak season nears, freight rates are expected to shift from their currently high fuel-cost baselines due to seasonal demand and fleet capacity management.
Maersk led a growing stream of brand-name vessels transiting the Suez Canal-Red Sea route, says consultant Drewry.
An investor’s surprise bid for ZIM Integrated Shipping Services would sweeten the buy price and keep the liner under Israeli control.
The biggest port in northern China is using an autonomous vacuum berthing system that secures a container ship in 30 seconds.
Evergreen Marine Corp. saw first-quarter profit tumble 70% as higher container volumes were dragged by weaker shipping rates.
Flexport leaders said import demand remains uneven across North America, with Houston and East Coast ports gaining share.
Ocean freight rates on the trans-Pacific remain above pre-war levels as retailers warn of tepid peak season gains.
Hapag-Lloyd posted a loss in the first quarter as lower volume and weaker rates hit earnings.
The Justice Department is bringing criminal charges against the operators of a container ship that crashed into a Baltimore bridge in 2024, killing six people.
Chassis provider CCM has expanded its management team with a new senior vice president/general counsel coming over from a major Japanese auto maker.
One of the world’s biggest ocean shipping forwarders officially opened its new U.S. headquarters in New Jersey.
The Port of Los Angeles posted its second-best April ever as consumer-fueled volumes surged above year-ago levels.
A bulk carrier managed by a U.S. company was one of several vessels hit by suspected hostile fire in the Persian Gulf.
The Trump administration’s trade agenda is facing mounting legal and political pressure from importers, the European Union and automakers.
The U.S. Department of Transportation has launched an initiative to explore powering cargo ships with onboard nuclear reactors.
While Portland has struggled to keep the doors open at its lone container terminal, the Maritime Administration has awarded a grant to a similar project from a competing port.
The Georgia Ports Authority’s annual conference showcased supply chain solutions addressing global trade challenges.
Maersk said first-quarter profits fell as weaker rates undercut increased volumes in the ocean container business.
Sarah McCoy will lead the Port of Virginia as CEO and executive director after serving in an interim role this year.
While Panama chased a Chinese terminal operator out of its ports, U.S. companies face long odds in bidding for those port concessions, a source says.
The United States paused military escorts of ships in the Strait of Hormuz after a missile attack on a French container vessel injured crew members Tuesday.
Developers break ground on a new Baltimore container terminal they hope will spur a sea change in mid-Atlantic intermodal transportation.
A Maersk vessel under U.S. military contract made a safe exit from the Strait of Hormuz Monday, escorted by American warships.
Port Houston secured a $48 million grant to expand Bayport Container Terminal to boost capacity and truck flow.
Ocean freight rates remain high despite low seasonal demand due to increased fuel costs amid ongoing Strait of Hormuz closure.
The Port of Virginia is in the midst of a massive buildout as it leverages its operating status and structural advantages to cement a ranking among the top American container ports.
Port Houston’s March throughput climbed on grains and energy cargo, even as steel imports declined.
The Iran war is making it more expensive to ship a container from Asia to the U.S., thousands of miles from the conflict.
America wants to make its maritime sector globally competitive again. But significant obstacles hinder development and expansion, says the chief U.S. ocean shipping regulator.
Persian Gulf vessel traffic still at a trickle as the U.S. presses a blockade of the Strait of Hormuz.
Global reach, transformational change and customer service: Chair Laura DiBella says this isn’t the Federal Maritime Commission you thought you knew.
The Federal Maritime Commission has again rejected a request by Maersk to waive the 30-day waiting period to implement emergency fuel surcharges.
It could take six months from the time hostilities cease for insurers to clear Strait of Hormuz shipping for normal operations.
A weaker March turned out to be a pre-season tuneup as the port of Los Angeles still managed to play up to the back of its baseball card.