Freight rates at record low levels dragged down Maersk Line's first quarter net profit, leading to what group CEO Nils Andersen called a "break even result".
The U.S. Federal Maritime Commission is levying the collective experience of the private sector to fight congestion at U.S ports.
Pacific International Lines is looking beyond today’s bleak business climate and is aiming to make a splash later this month.
Trans-Atlantic spot rates are forecast to rise.
Allcargo Logistics, the parent of global non-vessel-operating common carrier ECU Line, plans to more than double annual revenue.
The world’s major ship owners are feeling the pressure as container ship charter rates plummet and charters are being renegotiated as the financial positions of shipping lines worsen, according to Drewry.
Maersk Line is poised to disclose its first-quarter results after a bruising three months.
Marine highways, or container transport via inland and coastal waterways, have had a rough go in the United States, but the U.S. Maritime Administration says it has learned from missteps.
Hanjin Shipping and Hyundai Merchant Marine have confirmed they are in discussions with other container lines on forming alliances.
Hanjin Shipping has reached out to ship charterers to request their patience and understanding as it tries to restructure its debt.