Maritime News

Shippers using CMA CGM on the North Europe-Mid East-India trade will face a container booking cancelation fee from June 1.


Such a move already has support on Capitol Hill, where lawmakers have been weighing options to strengthen Federal Maritime Commission safeguards against collusion among carriers in the world’s three major VSAs.


Five have already been taken over and the remaining two are scheduled for delivery by the end of June.

Rapid growth in intra-Asia container volume unable to get rates up, which Drewry suggests may be a result of larger vessels being deployed on the trade.

There are signs that the liner shipping business is clawing its way back to profitability, but with the real impact of higher contract rates yet to be felt, it is too soon to say.

The US import trade from Asia returned to market fundamentals.

CMA CGM returned to the black in the first quarter.

Container shipping has reached a point where digitization has become a competitive necessity.

Spot rates on China-Europe and Asia-Mediterranean trades have continued to decline, defying carrier attempts to move prices in the opposite direction.

Roughly $4.6 billion is needed at East and Gulf coast ports to remedy pinch points in harbor infrastructure.