Maritime News

India and Bangladesh are moving closer to allowing introduction of coastal shipping services between the two countries with the goal of boosting bilateral trade.

Spot freight rates on the Asia to North Europe and Mediterranean trades came surging back after last week’s record lows, most likely a result of carriers laying up greater numbers of the larger vessels deployed on the westbound trade.

Construction on the $50 billion Nicaragua canal has been delayed again and work will not begin until late 2016, according HKND Group, the Chinese company with exclusive rights to build and operate the waterway.

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.