Maritime News

Maersk Line is poised to disclose its first quarter results after a bruising three months that have continued to produce the familiar collapse in revenue per container despite regular carrier attempts to lift freight rates off the floor through general rate increases.

Marine highways, or container transport via inland and coastal waterways, have had a rough go in the United States, but the U.S. Maritime Administration says it has learned from missteps.

Hanjin Shipping and Hyundai Merchant Marine have confirmed they are in discussions with other container lines on forming alliances.

Hanjin Shipping has reached out to ship charterers to request their patience and understanding as it tries to restructure its debt.

After three straight weeks of decline, the spot rate for shipping a 40-foot-equivalent unit container from Shanghai to the West Coast shot up this week.

Hermann Yu, president of the Taiwanese container line Yang Ming Marine Transport, died at home on April 27, the company has announced. He was 59.

The U.S. Coast Guard Thursday gave its stamp of approval to two alternative methods for obtaining certified container weights to comply with new international regulations.

Intra-Asia trade will increasingly benefit from the rapid growth of consumption in Asia as a higher percentage of cargo is shipped to end markets in the region instead of to destinations in other parts of the world.

CMA CGM, the third-largest global container line, got the go-ahead on Friday from the European Union to acquire Neptune Orient Lines, the parent company of APL, but with one condition.

Spot freight rates on the Shanghai-North Europe and Asia Mediterranean trades shot up this week.