Maritime News

CMA CGM container ship in Hamburg, Germany
CMA CGM on Friday released extensive details of the Ocean Three east-west alliance that it will begin early in 2015 along with United Arab Shipping Co. and China Shipping Container Line.

NYK Line has teamed up with Gujarat Pipavav Port, an APM Terminals facility on India’s west coast, to build and operate a new dedicated automobile logistics terminal at the Pipavav port complex.

U.S. shippers must prepare for further disruption and delays in ship arrivals at congested U.S. West Coast ports “well into 2015”, according to Drewry Shipping Consultants.

Protests marred yesterday’s ground-breaking ceremony in Managua for the $50 billion Nicaraguan canal as opposition to the bold Chinese-driven interoceanic project mounted in the Central American nation.

Bunker prices sank an additional 8 percent last week, as a six month spiral has now led to a 50 percent decline in fuel prices.

Wilhelmshaven hailed its success in landing a third 2M service as a sign of ocean carriers’ growing interest in Germany’s only deep water port that is virtually empty more than two years after opening.

A China Shipping Container Lines (CSCL) executive has shrugged off demand forecasts predicting 3 to 5 percent market growth in the next few years that will not be enough to fill the capacity flooding into service.

Though many retailers initially began the holiday season with early shipping deadlines, shops clamoring for last-minute customers are testing fate with extended deadlines once again.

As labor negotiations between the Pacific Maritime Association and the International Longshore and Warehouse Union heated up this week, JOC readers clamored for information on the topic.

Concluding the final stage in its merger with Hapag-Lloyd, CSAV injected 259 million euros ($317 million) into the combined company and in doing so increased its shareholding to 34 percent in what is now the world’s fourth largest container line.