Maritime News

Container volume at the Port of Philadelphia jumped 29 percent during the first half of the year, aided by two new services and a continuing shift of breakbulk to containers for shipments of imported fruit.

Hamburg Sued ships
Hamburg Süd has signed a preliminary agreement to acquire the container operations of the Valparaiso, Chile-based Compañía Chilena de Navegación Interoceánica, or CCNI, by Dec. 31, 2014.

Ocean carrier rate revision roundup for July 25
Several container lines have planned general rate increases in multiple trade lanes in August, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.

Costamare’s revenue and net income grew in the second quarter as the Greek container shipowner boosted its fleet of chartered vessels.

A sale of Horizon Lines’ Puerto Rico service could prompt the carrier to also sell its Alaska route, with Matson the most likely buyer, analysts at investment bank Stifel Nicolaus said in a research note.

The U.S. Federal Maritime Commission is seeking authority to use its website instead of the Federal Register to provide public notice when it revokes or suspends the licenses of ocean transportation intermediaries.

Malaysia’s Westports Holdings turned in an impressive first-half performance, with throughput rising 13 percent year-over-year and strong growth across all trade lanes.

CMA CGM said it will reorganize the rotations of its ASAF and WAX lines to improve service between Asia and West Africa.

INTTRA has hired John F. Fay, formerly of brokerage Newedge Group, as CEO, effective immediately.

The Drewry benchmark spot rate from Hong Kong to Los Angeles dropped $100 this week to $1,800 per FEU.
With another week left before carriers in the trans-Pacific lanes attempt a general rate increase of $600 per 40-foot container, spot rates from Asia to the U.S. West Coast dropped once again.