Maritime News

Bunker fuel prices in Rotterdam, a global indicator, held steady this week though the charge per metric ton is historically lower than in previous years.

Iran and Oman plan to launch a shipping line to boost maritime trade between the two countries by the end of the year.

The number of container ships passing through the Suez Canal is on an upward trend, after nearly three years of declining transit numbers because of rapidly increasing ship sizes.

Maersk is facing aggressive competition on its most lucrative north-south routes, which are being targeted by rival carriers seeking to offset losses from the overtonnaged Asia-Europe trade lane.

Trans-Atlantic spot container rates have been relatively stable in recent months on both eastbound and westbound shipping routes between northern Europe and North America, according to Drewry Maritime Research.

A Hapag-Lloyd vessel dropped three containers into the Suez Canal on Monday morning after colliding with a Maersk Line vessel, interrupting a southbound convoy through the Egyptian waterway.

A Zim Integrated Shipping Services vessel that was the target of anti-Israel protesters left the Port of Oakland late Saturday without being worked when longshoremen refused to report to their jobs, citing health and safety concerns.

About 40 anti-Israel protesters picketed the vessel Zim Shanghai Saturday morning at the Port of Oakland. The vessel was not worked during the day shift.

Weekly wrap-up: Maersk news, carrier rankings and LA fire
Maersk Line-related stories dominated on this past week. The No. 1 container carrier again made news with more 2M developments, plans for new ship orders and comments from its CEO.

“K” Line has pled guilty to U.S. price fixing charges in the roll-on, roll-off market and will pay a $67.7 million criminal fine and take an extraordinary loss of roughly the same amount in its fiscal second quarter