The acid test of dedication to hub-and-spoke systems is how many mainline ports are served when there is a magnetic pull to serve more local markets directly, writes Jeremy Masters.

Swire and SAL have confirmed deals to secure more ships in a bid to meet expected rising demand for project cargoes.

Cargo owners want more details on why carriers feel confident that it is safe to send fully laden vessels through the Red Sea despite ongoing security risks, the Global Shippers Forum says.

Tung took over running the family shipping interests, which included Orient Overseas Container Line and bulk operator Island Navigation, in 1982 following the death of his shipping magnate father, but immediately faced the fallout from a global shipping industry crisis.

An already strong peak shipping season is forecast to end with a bang this month as vessel delays in China and draft restrictions along the Panama Canal push robust imports into early fall, the National Retail Federation says.

Strong time charter rates that have hardly moved in recent years and ongoing robust demand are keeping aging multipurpose vessels on the water.

That comes as ONE said the port would be temporarily omitted from 11 Premier Alliance US East Coast sailings through mid-October to maintain schedule reliability.

The breakbulk and bulk terminal operator has quintupled the size of its network with the Logistec acquisition and aims to gain share in industrial end-markets.

The proposed $4.2 billion acquisition raised national security fears in Tel Aviv, sparking strong opposition since the deal was announced in February.

 The electronics maker, seeking $186 million in restitution, alleges the ocean carrier did not perform its promised merchant haulage moves across US ports during the pandemic, saddling Samsung with excess late fees.

But whether the market's mid-year resilience will carry through to the end-of-year peak season remains unclear with rates beginning to ease.

With dockworkers in Germany walking out and Dutch unions preparing to strike on Friday, the on-time performance of ocean carriers on Asia-Europe trade lanes has fallen to unprecedented lows.

The escalating tussle follows an advisory from Adani Ports eliminating the flexibility of ocean carriers to nominate off-site depots for the storage of empty containers shipped through Mundra from Sept. 1.

Container services to the US East Coast have seen a rash of one-off schedule changes that stem from draft limits hitting the Panama Canal and recent typhoons that shut big Chinese ports.

The contract with South Korean shipyard Hanwha Ocean pushes the global order book for LNG-fueled vessels to more than 6.8 million TEUs.

Developments linked to multiple energy sources — including data center-driven gas, nuclear, LNG, and offshore oil and gas exploration — are among projects in the works for major EPCs Fluor, KBR, TechnipFMC and Worley.

There is a good business case for buying assets that will reduce costs and increase efficiency, but the cycle that generates the cash for those deals doesn’t last forever, writes Jeremy Masters.

The revamped service from Southeast Asia and South China will also be notable because the vessels will completely discharge their inbound containers in Long Beach and reload for the backhaul without calling Oakland.

The latest move in that direction came Monday with MSC announcing it is shifting its Albatros, Jade, Himalaya and Tiger strings back to Red Sea transits, following similar moves by competitors.

The carrier Trailer Bridge has reached an agreement with the terminal operator and stevedore to take over cargo handling for its main service to Puerto Rico.