Investors continue to trade heavily in OOCL shares amid speculation that the Hong Kong-based carrier is for sale.
SM Line will set sail without the help of an alliance.
The ongoing rise in trans-Pacific spot rates has so far not been replicated in contract rates for large shippers.
Thorco Projects and MC-Schiffahrt have established a joint pool with an initial 14 vessels.
French line CMA CGM has followed through on its commitment to making Singapore its Asian hub with the opening of a regional operations centre in the city-state.
Bond issuance comes ahead of its merger with United Arab Shipping Co.
Asia-Europe container carriers are breathing a sigh of relief as traffic edged higher in 2016, despite another dull peak season, reversing the previous year’s slump.
US ports will face unprecedented operational challenges when ocean carriers on April 1 restructure their vessel-sharing alliances.
Overcapacity, a wider Panama Canal, Hanjin's failure, and sustained weak demand for containerized cargo are hurting non-operating ship owners as chartered vessels come flooding back.
Creditors worried they won’t be properly compensated with the sale proceeds.