Containershipping

Containers from MV Zim Kingston found ashore on Vancouver Island

The Canadian Coast Guard reported today that four containers from the stricken MV Zim Kingston that last week lost more than 100 units have been found ashore on the north end of Vancouver Island. One of the Coast Guard helicopters spotted the containers near Cape Scott. “Unified command has provided this information to the ship’s …

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Shipping lines reject planned LA/LB port surcharges on import containers

Trans-Pacific shipping lines say they have no intention of paying new “emergency” fees that will go into effect Monday in Los Angeles and Long Beach, according to a report on the JOC.com daily news platform. The highly-congested port complex is making a last-ditch effort to improve the flow of containers by penalizing carriers when boxes …

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Global container carrier profits to attain $300 billion

According to revised estimates in Drewry consultancy’s latest Container Insight Weekly, pre-tax profits of the global container shipping industry in 2021 and 2022 will be as high as $300 billion. The industry is expected to benefit well into 2022 from the current world supply chain crisis. The virtually unprecedented profit outlook stems from seemingly unstoppable …

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