Container lines

A Panama Canal Authority plan to build a big new container terminal in Corozal near the Pacific entrance has foundered on legal challenges.

US exporters are scrambling to find containers, with some coming up empty-handed.

Only 28,000 TEU were sold for demolition in May.

French carrier CMA CGM declared Tuesday that it will buy Brazilian flag carrier Mercosul Line from Maersk Line.

The move spurred by the diplomatic row that effectively cut off supply chains to and from Qatar.

The two sides failed to reach agreement at their last meeting on June 1.

The Indian subcontinent is expected to continue generating growth in container volume, with carriers introducing services that connect India, Sri Lanka and Pakistan to the hub ports of Asia and the Mediterranean.

The $228 million deal comes in the wake of similar deals in Europe, Asia, and the Middle East — including the purchase of Rotterdam’s Euromax Terminal and a majority stake in Greece's largest port, Piraeus.

Freight rates are soaring.

The Oslo-based company said it will spend the cash on buying additional feeder ship.

SHIP-LOG’s management team will retain 25 percent of the company’s shares and will manage its operations.

The closure caused heavy losses for shippers, carriers, and terminal operators.

Spot rates on the major east-west trade lanes this week retreated after a brief uptick.

US lawmakers have introduced legislation that would expand the powers and the purse strings of the FMC to “oversee and intervene” on behalf of port service providers.

US retailers are expecting US import volumes to hit record levels in the coming months.

CMA CGM and its APL unit are launching two new services linking the Mediterranean, the Arabian Gulf, and the Indian Subcontinent.

The lack of equipment needed to screen cargo at the country’s busiest port of Chittagong is likely to compound already extensive congestion there.

Carriers will have a more difficult time maintaining rate increases on their services to Los Angeles-Long Beach this peak season than elsewhere in the eastbound Pacific.

As companies institute sustainability goals to woo investors and consumers, the shipping industry is becoming more transparent about its carbon emissions.

The move comes amid a diplomatic row between Qatar and four of its neighbors.

Spot rates in the eastbound Pacific this year have been running 30 to 60 percent higher than at this time last year.

Rates for ships more than 5,500 TEU are “nose-diving,” and the 7,500- to 11,000-TEU segment has been hit by a “sudden meltdown”.

The strikes follow months of slowdown.

The digital transformation of Singapore and Rotterdam will play a crucial role in their competitiveness and both ports have launched new technology initiatives.

German carrier Hapag-Lloyd has become the second liner operator this month to impose a booking cancellation fee after CMA CGM.

The 1,103-TEU Samoana will replace the 844-TEU Islander.

The Panama Canal Authority plans to implement a reduced toll schedule for Atlantic-to-Pacific backhauls.

Spot rates on the East-West trades had contrasting results this week with the trans-Pacific up and Asia-Europe losing gains.

The union last week canceled five of eight days of planned strikes between May 24 and June 9.

The New York Stock Exchange-listed group’s net income tumbled.

Throughput volume at the world's major gateways has been so strong in the first quarter that analyst Alphaliner has revised upwards its forecast for 2017.

The joint study found contacts between key industry stakeholders are often “zero-sum” and not normally focused on cooperation to make improvements for mutual gain.

The name of the joint venture container line that will be formed from the merger of Japan's three main carriers has been announced.

The sharp difference in what carriers will have to pay for lower sulfur fuel makes it tempting to skirt the new rule.

The shareholders also approved the expansion of the company’s supervisory board.

The market rebound will reverse the heavy deficit incurred in 2016.

Earnings nosedived across all of the business segments on India's largest shipping line.

Fesco is currently in talks with its creditors and bondholders over the restructuring of its debts.

Rates on Asia-South America East Coast has soared to its highest level ever recorded as disciplined capacity management by carriers continues to support the spot market.