Maritime News

Leading container shipping groups are under fire from a safe shipbreaking campaign group for continuing to send vessels to "sub-standard" beach demolition yards on the Indian sub-continent.

United Arab Shipping Co. has ordered 2,000 reefer containers as it prepares to expand into the South American liner trades.

Congestion on the West Coast, which has led to delays of one to three weeks on nearly all trans-Pacific services, has led carriers to inject significant additional tonnage into the trans-Pacific to maintain a semblance of schedule reliability, Alphaliner said.

China is the main battleground for the world’s four mega shipping alliances, that collectively depart from 10 mainland ports every week to North Europe in 74 weekly voyages, according to Drewry Maritime Research.

As the service contracting season in the eastbound trans-Pacific gears up, internal tensions within many large shipper organizations between a procurement and a logistics mentality will once again play out as contracts totaling billions of dollars are negotiated and signed between now and May 1. But procurement is slowly losing out.

Congestion and delays at U.S. West Coast ports meant UPS had to scramble to get containerized goods into its inland delivery network and to customers. Higher purchased transportation costs were a factor in lower fourth-quarter earnings.

The new carrier mega-alliances are set to shake up market share on the key Asia-North Europe liner trade while shippers will benefit from a greater choice of services, and probably lower freight rates, according to Drewry Shipping Consultants.

Cosco container ship at Prince Rupert
China’s largest shipping company, China Ocean Shipping (Group) Co., sailed back to profit in 2014 after three loss-making years, according to mainland media.

A European Commission proposal calling for carriers and forwarders to identify the buyers and sellers of imported goods in their customs filings has been slammed by the World Shipping Council (WSC).

After five years of strength in the southbound leg, the weakening value of the real is generating strong demand for Brazilian exports.