Zim Integrated Shipping Services’ financial recovery is gathering pace as the Israel-based ocean carrier posted its fourth consecutive quarterly operating profit in challenging market conditions.
South Korea's government plans to conduct research on ultra-large container ships, including the return on investment of the vessels, their impact on ports and the investment needed at terminals to handle them.
CMA CGM said it is upgrading its New Europe Mascarene Oceania service by adding new port calls, starting in early December.
Singapore will extend its block exemption order for liner shipping agreements for another five years until December 2020, the Ministry of Trade and Industry has announced.
The sharp decline in net income of Taiwan’s top three carriers through the course of the last three quarters gives a clear picture of the container shipping industry’s rapidly deteriorating operating environment.
Mitsui O.S.K. Lines, one of Japan’s three largest shipping firms, is thinking of withdrawing from the Asia to east coast of South America trade.
Australia’s government is considering a block exemption to the competition law for liner shipping in a move that has been cautiously welcomed by Shipping Australia, the industry’s national association.
Maersk Line Chief Operating Officer Soren Toft has said Neptune Orient Lines is not its only potential acquisition target, but he declined to comment on whether the Danish carrier planned to make a formal bid.
The sharp drop in bunker prices has not undermined the competitiveness of new liquefied natural gas-powered container feeder ships for the North/Baltic Sea sulphur emission control area, according to German shipowner Nordic Hamburg.
Daniel B. Maffei, a former congressman from New York, has been nominated by President Obama to succeed Richard Lidinsky Jr. as one of the five members of the U.S. Federal Maritime Commission.