World’s Two Largest Shipping Lines Reach 10-Year Accord

Two of the world’s largest cargo shipping lines — Maersk and MSC Mediterranean Shipping Co. — have reached a deal that allows them to share vessels on some of the world’s busiest trade routes for the next decade. The move comes just weeks after government regulators in China nixed a wider alliance that would have … Read more

Does Pacific Container Lines Rate Hike Mean Strike Is Unlikely?

In a move that some observers say may be a sign that the looming strike by West Coast longshoreman may be avoidable, a consortium of container shipping lines announced that it is moving ahead with a planned rate hike. The Transpacific Stabilization Agreement — which includes container lines that move cargo between Asia and West … Read more