Intra-Asia trade will increasingly benefit from the rapid growth of consumption in Asia as a higher percentage of cargo is shipped to end markets in the region instead of to destinations in other parts of the world.
CMA CGM, the third-largest global container line, Friday got the go-ahead from the European Union to acquire Neptune Orient Lines, the parent company of APL, on one condition.
Spot freight rates on the Shanghai-North Europe and Asia Mediterranean trades shot up this week.
Technology is playing an increasing role in the management of freight rates.
Long-awaited guidelines on how China will implement the SOLAS container weight rule have been released.
The Port of Houston has announced how it will handle the SOLAS verified gross mass rule.
Japan’s three largest container lines mostly reported dismal financial results for fiscal 2015 on Thursday.
A big new container shipping alliance aimed at blunting the power of a partnership between the world’s two largest ocean carriers and promising to shake up the other major vessel-sharing agreements will not set sail until it passes muster with global regulators.
The Port of Charleston and its CEO James Newsome are emerging as mavericks in the increasingly heated debate over a global container weight rule.
The decline in global piracy continued into the first quarter, but attacks are rising in some parts of the world.