Maritime News

Matson plans to invest roughly $30 million in upgrades and new equipment into the new Alaska services it acquired from now-defunct Horizon Lines in May.

The Port of Townsville is set to receive a $403 million berth upgrade that will allow the northeastern Australian port to handle Panamax vessels, highlighting the movement of the majority of Australia’s trade from its southern to its northern ports.

Finnlines posted its best second quarter result in a decade as cost cuts offset the impact of a flat Baltic short-sea shipping market.

Captain Michael R. Watson, president of the American Pilots Association died July 23, 2015. He was 72.

No decision yet has been made on whether Hong Kong’s Competition Commission will grant the liner industry a block exemption from new rules to be enforced from December that will effectively render container shipping activity illegal.

Hapag-Lloyd has announced a general rate increase for shipments from the Middle East and the Indian subcontinent to the United States and Canada, as trade has grown by double-digits.

Three container ships sailed through the “new” Suez Canal over the weekend in the first trial run of a second shipping lane alongside the existing waterway ahead of the official opening next month.

The G6 Alliance today announced the cancellation of four Asia-Europe sailings in September as carriers on the poorly performing trade route struggle to achieve profitability with a surplus of capacity and low demand.

Singapore’s Temasek may be interested in offloading some of its underperforming companies such as NOL, but there is no pressing need for the immense state investor to do it on the cheap through a distressed sale, Drewry says.

Intra-Asia container shipping is swelling as manufacturing shifts from China to lower-cost countries, and may represent 25 percent of global container trade. In a global context, however, the trade is a 'blind spot' where accurate data and forecasts are hard to come by.