Sea

Price Joins Georgia Ports, to Succeed Lynch

The Georgia Ports Authority said Feb. 10 that veteran terminal operator Kevin Price will join the agency as president beginning July 1, as part of a planned leadership transition that will eventually place him in the top role. Price will report to current President and CEO Griff Lynch and is expected to assume the role of president and CEO in mid-2027 under a long-term succession plan announced by the authority. Price is ... [+]

Hapag-Lloyd to Buy ZIM in $4.2 Billion Deal

Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services for about US$4.2 billion in cash, a merger that would create the world’s fifth-largest container shipping company and could reshape competition and freight pricing across major trade lanes. Under the deal announced Feb. 16, Hapag-Lloyd will pay ... [+]

January Box Imports Post First Rise in 6 Months

U.S. import volumes at major container ports are expected to post their first month-over-month increase in six months in January but remain below year-earlier levels until late spring, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. January volume ... [+]

New Commissioner DiBella Named FMC Chairman

President Donald J. Trump on Jan. 28 designated Laura DiBella to serve as chairman of the Federal Maritime Commission. DiBella was sworn in as a new commissioner about three weeks earlier; she was nominated by Trump Dec. 18 and confirmed by the Senate on Dec. 18 ... [+]

MPV, Heavy-lift Shipping on Firmer Footing, MSI

The multipurpose and heavy-lift shipping market entered 2026 on a firmer footing, according to the 20th edition of Market Sentiment Index (MSI) from One World Shipbrokers, which recorded its third consecutive quarterly rise to 53.4 in the first quarter. The index points to modest improvements in ... [+]

CMA CGM, Maersk Diverge on Red Sea Strategies

CMA CGM will reroute vessels on its FAL 1, FAL 3 and MEX Asia-Europe services around the Cape of Good Hope, reversing a recent return to the Suez Canal and adding fresh uncertainty for North American shippers already grappling with volatile transit times, freight rates ... [+]

WisDOT Awards Port Milwaukee Harbor Funding

Port Milwaukee said it will receive more than US$1.4 million in Harbor Assistance Program funding from the Wisconsin Department of Transportation to support infrastructure improvements on Jones Island. The grant will be used to fund roof repairs for Terminal 2, a 53,000-square-foot building that was built ... [+]

ONE Posts Q3 Loss as Container Market Weakens

Ocean Network Express (ONE) reported a net loss of US$88 million for the third quarter of fiscal year 2025, reflecting weaker freight rates, vessel oversupply and softer demand on key trade lanes. The Singapore-based container carrier said revenue for the October-December 2025 period totaled US$4.074 billion, ... [+]

Maersk Orders Eight 18,600-TEU Vessels

A.P. Moller–Maersk has ordered eight large container vessels from China’s New Times Shipbuilding Co. Ltd., expanding its newbuilding pipeline as part of an ongoing fleet renewal program. The ships will form a new series of 18,600-TEU vessels, with deliveries scheduled for 2029 and 2030. Measuring 366 ... [+]

FMC Fines MSC $23 Million Over Billing Practices

The U.S. Federal Maritime Commission slapped Mediterranean Shipping Co. S.A. (MSC), the world’s largest container carrier, with civil penalties totaling US$22.67 million for multiple violations of the Shipping Act, the agency announced Jan. 28. In a final order (Docket No. 23-08), the FMC said its Bureau ... [+]

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