Maritime News

The container sale and leasing business is not benefiting from rebounding trade volumes on major east-west routes as low rental yields and falling prices in a lacklustre shipping environment put the squeeze on the global market leaders.

CMA CGM has joined other major liner operators in imposing congestion surcharges on inbound inland containers handled at the ports of Jawaharlal Nehru (Nhava Sheva) and Pipavav, India’s leading container hubs, to compensate for the extra costs caused by intermodal delays.

Baltic Reefers will acquire NYKCool from NYK Reefers, the refrigerated shipping segment of Japanese shipping giant NYK Line on Sept. 1.

freezing ship in Arctic
While the melting polar ice cap presents opportunities for carriers to take cheaper and faster cross-Arctic shortcuts between the Atlantic and Pacific oceans, the chilly routes represent a dilemma for the marine insurance industry.

Officials at the Port of Hueneme hope that a new funding bill will help them become more competitive in years to come.

Drewry’s Hong Kong-Los Angeles container freight rate benchmark was unchanged for the second week in a row at $2,075 per FEU.
Spot rates in the trans-Pacific trade are holding steady as peak-season volumes continue to keep capacity tight on trips to the U.S. East and West Coasts.

Shipping a container from India can cost nearly double what it costs to ship the same container from China, according to a report from the Associated Chambers of Commerce and Industry of India.

Like a sparkling Ferrari on a showroom floor, the U.S. Southeast ports are sitting pretty when it comes to import and export automobile traffic growth.

Maersk Inc. has sold its U.S. headquarters building in Madison, New Jersey, for a reported $53.3 million and leased offices in nearby Florham Park, New Jersey.

Asian Gypsy Moth

Tiny, dirt-like egg clusters are waylaying cargo at ports in the United States, delaying thousands of containers for days at a time.