United Arab Shipping Co., a member of the Ocean Three Alliance, has taken delivery of the world’s greenest ultra-large container ship.
A new report from the International Maritime Organization warns that shipping emissions could spike 250 percent over the next 35 years.
It’s no secret that specialized carriers are losing refrigerated cargo market share to containerized carriers, but details about why it’s happening, how much cargo is really shifting and who ultimately will control which pieces of the market are less apparent.
The general rate increase announcements for early June are flooding in from carriers on the troubled Asia-Europe trade, even as a price war between the lines continues to drag down spot rates.
Shipping Corporation of India swung to $31.5 million net profit in fiscal year 2014-15, which ended March 31, from a $43.2 million loss in the previous year, driven by continued cost-cutting and improved freight earnings that helped compensate for a marginal decline in operating revenue.
Demurrage and per-diem detention fees at gridlocked U.S. ports have turned into a multimillion-dollar hot potato. Cargo interests, truckers, ocean carriers and marine terminals are locked in noisy, seemingly nonstop argument over responsibility for the fees. It’s a complex problem with no easy solution — but plenty of finger-pointing.
DFDS, the short-sea shipping and logistics group, raised its full year earnings outlook after operating profit surged 150 percent in the first quarter as higher freight traffic on its North European network offset lower volumes on Russian routes.
Shipping Australia boss Rod Nairn doesn’t always agree with officials, but when deputy prime minister Warren Truss outlined the government plan to simplify coastal shipping regulation, he was all for it.
The Suez Canal is scheduled to be wider and deeper by the end of the summer, but the potential savings of time and money for shippers and carriers is not a concern for Panama Canal Authority CEO Jorge Quijano said Wednesday.
Maersk’s SeaLand brand focused on Americas trade on Wednesday said it would tie-up with APL to launch a weekly service connecting Colombia, Panama and the U.S. East Coast, starting as soon as next month.