Spot rates in the eastbound Pacific edged lower this week, but another modest spike in freight rates is anticipated later this month.
The trustee-manager canceled a Nov. 9 vote on restructuring a bond because there were insufficient bondholders to form a quorum.
Container lines and shippers can fix what some consider to be a broken industry if they concentrate more on accelerating the flow of data and cargo and less on freight rates and cost-cutting measures.
Rising spot rates as 2016 winds down will not be enough to lift carrier margins back into profitability, but the upwards trend will be a welcome relief after a year to forget.
US regulators are reviewing a proposed agreement between two marine terminal operators at the Port of Miami that would allow the terminals to jointly negotiate terms and conditions with container lines — a first for the United States.
The providers of LCL services are expanding their US to China and India offerings that give forwarders and shippers better access to Asia.
TTI refuses to post security bond with Northwest Seaport Alliance.
Maersk Line’s acquisition of Hamburg Sud will likely force it to sell its Brazilian flag operation Mercosul Line, which could open the door to CMA CGM or Mediterranean Shipping Co. to enter the closed Brazilian coastal shipping market.
Global container lines found guilty of cartel practices in the Russian market are seeking a settlement with Russian authorities in an attempt to avoid multi-million dollar fines.
A broad range of US shippers, truckers, and transportation intermediaries are asking federal maritime regulators to consider creating a rule to prevent marine terminals and container lines from charging demurrage and detention fees.