Maritime News

Hapag-Lloyd has ordered five 10,500-TEU container ships for the South American trades.

The first container ship designed to run on natural gas has been launched at General Dynamics NASSCO in San Diego for operation by Sea Star Line in the U.S. mainland-Puerto Rico trade.

U.S. containerized exports to the east coast of South America will shrink in 2015 by 2.4 percent from the prior year, thanks to unfavorable exchange rates between the Brazilian real and dollar, and subdued demand from Latin America’s biggest economic engine.

A full recovery for the world container market is still a long time out, providing little short-term hope to the container lessing sector, say analysts at Drewry Maritime Research.

Five more Chinese ports can now allow foreign-flag vessels to provide cabotage services to their container terminals.

The saving grace for carriers on the Asia-Europe trade battling record low freight rates has been lower bunker costs, but even at their present lows, with weakening load factors many ships will not be covering their unit costs, according to Drewry.

There is anecdotal evidence that the stunning new lows for container spot rates being recorded by indices covering the Asia-Europe trade do not reflect the actual level to which the prices have fallen.

Schedule reliability for the core east-west trade lanes hit a five-month peak in March, according to Drewry Maritime Research.

There was an average of three major cargo thefts every day in Europe last year, driven in part by the growing p


Spot rates in the eastbound trans-Pacific trade lane continue to drag as major U.S West Coast ports make headway on reducing the backlog of cargo that began stacking up at marine terminals since the early fall.