Maritime News

Carriers on the trans-Pacific have unveiled a bold new pricing approach to the 2015-16 contract season that will establish minimum rate levels and improve the bunker fuel cost recovery mechanism.

New England Marine Highway Project's articulated tug barge
A preliminary vessel design has been unveiled for a proposed domestic short sea container service connecting New York City and Portland, Maine.

Two indices show Chinese manufacturing production rose in September at a time that factories would normally be powering down as demand to fill Western holiday orders wanes.

Some bad news for shippers: Switching to low-sulfur fuel on a global basis in 2020 could cost the container shipping industry up to $100 billion per year, which will likely cause container freight rates to rise as carriers attempt to pass the costs onto beneficial cargo owners.

While congestion continues to plague ports in North America and northern Europe, a number of other incidents are popping up that are also likely to negatively impact the global schedule reliability of ocean carriers.

The benchmark spot rate from Hong Kong to the U.S. West Coast remained unchanged this week, despite the potential for weakness tied to China’s week-long Golden Week holiday in early October.

The pilots who guide ships through the Panama Canal fear that the navigation methods chosen to guide post-Panamax vessels into the new expanded locks and through the enlarged canal channels run higher risks of accidents than existing practices.

A Zim Integrated Shipping Services ship forced to abandon its scheduled call at the Port of Oakland over the weekend is now docked at the Port of Long Beach and unloading.

The Middle East-based short sea shipping line Admiral Feeders has introduced a direct feeder link between India and Iran.

Carriers operating in the Asia-Europe and trans-Pacific trades could fall victims to their own tactics, as Alphaliner predicts their refusal to trim capacity and the delivery of big ships could cause major spot rate erosion.