Maritime News

Automotive interests press for efficient planning by supply chain partners to help ports keep up with volume.

Container lines focused on calling at Caribbean ports such as St. Thomas in the U.S. Virgin Islands, pictured, have found themselves facing stronger competition from global majors.
Caribbean container ship operators have tried to rationalize vessel capacity, but their efforts have failed to curb the decline in rates.

The financial benefits of a merger between Hapag-Lloyd and United Arab Shipping Company could begin to materialize for both liners as soon as next year.
Hapag-Lloyd shareholders Friday paved the way to a merger with United Arab Shipping Company and creation of the world’s fifth-largest container shipping line.

Trans-Pacific volumes have been respectable this year, but they have still been unable to catch up with capacity introduced by container lines in the recent past.
Vessels carrying peak-season imports from Asia are filling up.

Although Rickmers Holding has backed away from this merger, the company signaled it remained open to other opportunities that might present themselves.
Germany’s Rickmers Holding and ER Capital have dropped plans to merge their ship management operations.

Matson will build two container/roll-on, roll-off ships.

The Port of Hong Kong, pictured, is just one of the many top ports that will soon find themselves facing new challenges on a number of fronts.
The reign of container terminals as profit leaders in supply chains is under pressure.

The weather system currently extends from eastern Cuba north to the central Bahamas.

The cash from Korean Air Lines is separate from an earlier announced plan to raise liquidity at Hanjin Shipping.
Korean Air Lines is swooping in to support Hanjin Shipping.

The days of questions about zero freight on the Asia-Europe trade may be gone, but the market is still a difficult one for container lines.
It may not seem like it, but there has been an upward trend in Asia-Europe freight rates since the March lows.