Container Shipping News

Spot market rates fall on Asia-Europe, ignoring the start of the peak season and tight space on the trade as volume rises.

It has been 10 days since a cyber attack crippled Maersk Line, Damco, and APM Terminals, but the carrier has reported a rapid rise in cargo bookings as its systems are restored.

Better freight rates and strongly growing volume will see Cosco Shipping posting a solid profit in the first half.

The new CMA CGM call will be part of the carrier’s north-south Cagema service.

India’s controversial decision to tax imports is increasing the financial pressure on transport services providers.

“We see lots of changes in terms of networks and ports of call and there is some impact on rates.”

Although the unemployment rate has stabilized, there has been a significant change in the makeup of the idled fleet.

The Athens-based company owns 11 container vessels.

The rapid rise of SM Line has been impressive, but its competitive advantage down the road could be undermined without bigger ships and alliance partners.

Just days after APL announced the launch of a direct Asia-Hawaii service, NYK has doubled its frequency to the US island state.

Hyundai affiliate CUT is closing its terminal in Los Angeles. Could it be followed by other terminal shake-ups resulting from restructuring of carrier alliances?

The notes will be listed on the Luxembourg Stock Exchange.

The move follows on the heels of rival Maersk Line revamping its India-Africa service network.

Carriers can lose up to 16 hours as vessels wait to be refueled.

SM Line Corporation plans to add nine more vessels to its fleet by the end of this year.

Rate levels look set to continue their recovery for the second half of the year, according to Drewry analysis.

Japan's three major carriers say the new joint venture liner shipping company is ready to be established.

Analysts say the introduction of larger ships could diminish service levels.

APL has added to its trans-Pacific network with a new and direct North Asia-Hawaii service.

Spike in trans-Pacific spot rates may be due to GRI.

Spot rates on Asia-Europe were up 13 percent this week as the rate increases took hold.

A key issue is which ships are allowed to enter the port first if there are several waiting.

Maersk is limping toward recovery from a devastating cyberattack.

The long-neglected south Brazilian port of Imbituba has secured its first deep-sea contract in more than two years.

Hapag-Lloyd has been taken off Standard & Poor’s CreditWatch.

The inability to communicate remains a serious issue, the carrier said.

Maersk was among several companies hit by the cyberattack.

The Danish transport and energy group said its IT systems are down across multiple sites and business units.

The Cape Sounio is the largest vessel in the Israeli ocean carrier’s fleet.

Canada’s economy is expected to pick up steam in 2017, with real GDP growth forecast at 2 percent for the year.

Eastbound Pacific spot rates to East and West coasts edge lower for the third straight week.

Orders from Europe are rising with a strong peak season on the cards, but growing volumes could spell space issues and equipment shortages in the months ahead.

There was little movement in China-Europe spot rates with a week to go to the July 1 rate increases and peak season surcharges also in the pipeline.

Starting Sunday, officials at the Port of New York and New Jersey can discuss a contentious per-container charge with major container lines, after a tied FMC vote.

The Taiwanese carrier announced the recapitalization plan in late 2016.

The unemployment rate of the global fleet continues to edge higher.

The decision comes just days before the new joint venture Ocean Network Express was expected to be formed.

Maersk Line India in a trade advisory said the one-stop freight link from cargo origins is more economical and reliable than air cargo transportation.

Maersk currently has 18 Rickmers vessels in its fleet.

Germany’s second-largest container carrier after Hapag-Lloyd boosted traffic by 7.2 percent.