The largest container vessels on order has more than sextupled since 1975 and is set to expand by at least 13 percent by 2020, according to an IHS Maritime & Trade analysis of the orderbook.
A "toxic" mixture of overcapacity, weak demand and aggressive pricing is threatening ocean carriers’ profitability for the rest of 2015, according to Drewry Maritime Research.
The G6 Alliance will cancel another four Asia-Europe sailings in July and August in the latest indication that carriers do not expect much of a peak season this year.
The Port of New York and New Jersey handled record import container volume in May, the latest sign that diversi
HHLA, Hamburg’s largest container stevedore, forecast a “moderate” decline in traffic in 2015 but stuck to its earnings forecast thanks to increased intermodal volumes.
Evergreen Line has confirmed an order for 10 ships each with capacities of 2,800 twenty-foot equivalent units, a move aimed at capturing a larger share of the profitable and growing intra-Asia trade market.
APL announced Monday that its PA2 service from North Asia will skip calls to the Port of Oakland through the end of July because of the port’s congestion problems.
Brazilian fresh beef exporters will begin shipping to the United States for the first time in 15 years in September, paving the way for forecasted volume of up to 9,000 twenty-foot-equivalent units annually.
European Union competition regulators approved French carrier CMA CGM’s acquisition of OPDR, the German short-sea shipping line.
Maersk has sold its majority-owned offshore support company Esvagt to private equity investors in the latest disposal of non-core operations as it focuses on container shipping and terminals and oil and gas exploration and drilling.
Container volumes via major public ports in India dipped about 1.5 percent in June year-over-year as a slump in the country’s global trade continued, according to the latest port statistics compiled by JOC.com.
A Tokyo-based research firm has downgraded its outlook for Japanese container trade in fiscal 2015, which started on April 1, citing a significantly slower pace of growth in imports than previously anticipated.
Hong Kong’s container throughput could halve in the next decade as a host of factors begin to stack up against the port that has seen a steady decline in volumes over the past year.