June 1 general rate increases make their presence felt on Asia-Europe.
Forwarders see little sign of a rate rebound in spot and contract rates on the trans-Atlantic.
Hyundai Merchant Marine has said its financial restructuring will allow it to acquire mega-ships.
Zim Integrated Shipping Services swung to a loss in the first quarter despite an increase in container volume.
The fleet of idled container ships has fallen to its lowest level since November 2015.
Maersk Line continues to outperform competitors.
Commodities traditionally dominate U.S. containerized exports in terms of volume, but the stars are rarely aligned for U.S. exporters.
The Baltic Exchange today confirmed it is in exclusive talks with the Singapore Exchange over an offer for the international shipping market place.
Hapag-Lloyd has postponed its annual shareholders’ meeting scheduled for June 1.