Container ship schedule reliability on the growing trans-Atlantic route during April was the lowest in at least three years, according to SeaIntel Maritime Analysis.
Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs. 4.32 crore ($675,000) in the previous year.
Rising charter rates helped Greek container shipowner Box Ships narrow its first-quarter loss close to break even.
A German-owned multipurpose vessel with a cargo of containerized fertilizer was evacuated Tuesday night in the North Sea after a fire broke out in one of its holds, according to the German Central Command for Maritime Emergencies.
The results of the 2015-2016 trans-Pacific contracting season are mostly in, and although carriers dug in their heels to get rate increases, for the most part they fell short of getting what they wanted.
Container traffic through the Port of Baltimore in April fell 8.8 percent year-over-year after a record March, Maryland Port Administration statistics show.
Guangzhou Port Group has announced plans to invest $484 million to expand the deepwater channel of the port to meet the demand for two-way transport of large vessels.
Intra-Asia freight rates have fallen off a cliff during May on some of the regional routes, with China to Japan spot rates falling by up to 75 percent compared to the same month last year as capacity pours into the trade.
It is unlikely to be casual Friday on May 28 as the new Japan Post-owned Toll Group marks its first official business day.
Harbor drayage companies on the U.S. West Coast feared that a provision in the new International Longshore and Warehouse Union contract mandating longshore inspections of chassis would cause uncertainty and delays for truckers, but they didn’t imagine that it would happen so quickly.