Maritime News

The Drewry benchmark spot rate from Hong Kong to Los Angeles dropped $100 this week to $1,800 per FEU.
With another week left before carriers in the trans-Pacific lanes attempt a general rate increase of $600 per 40-foot container, spot rates from Asia to the U.S. West Coast dropped once again.

German banks’ toxic shipping loans are a matter of concern ahead of the European Central Bank’s stress tests, the International Monetary Fund warned.

Matson Inc. has agreed to pay the U.S. government $9 million to settle allegations that the company submitted false claims for fuel surcharges on military household goods shipments between continental U.S. points and Hawaii and Guam.

Crowley Maritime Transportation is hailing the Florida East Coast Railway decision to open its newest Intermodal Container Transport Facility at Port Everglades...

MSC container ship
China’s rejection of the P3 alliance dealt a blow to the idea of a mega-alliance, but the aftermath has paved the way for a variety of smaller vessel-sharing agreements to enter the market.

Hanjin at Oakland
Service reliability in the container shipping business is set to improve as carriers with lower standards joining the big alliances will be forced to raise their game.

Crowley Maritime Corp. is in talks to acquire the Puerto Rico ships, routes and San Juan port facilities of competitor Horizon Lines for about $80 million, according to a report in Caribbean Business.

The post-Panamax container ship MSC Flaminia will rejoin Mediterranean Shipping Co.’s fleet this week, two years after being heavily damaged in a mid-Atlantic fire that killed three crewmembers.

China Shipping has injected $300 million into its wholly owned subsidiary China Shipping Container Lines (CSCL


The Indian government, looking to capitalize on the growing importance of cross-border trade, has finalized plans to star