Maritime News

Eastbound Pacific spot rates jump with peak season at hand


Maersk Line is pushing back against speculation that it will try to acquire Hyundai Merchant Marine.

Japan’s three largest container warned of even worse financials than originally expected after reporting deep losses thanks to overcapacity.

Global Ship Lease attributed its strong financial position to its independence from the spot charter market.
Global Ship Lease said it is well positioned to acquire more vessels.

Spot rates will end the month of July almost where they began after another big bounce.


World Direct Shipping has upgraded its two-year-old Gulf of Mexico service.

SLIDE SHOW: Wind power shipments have emerged as one of the key growth sectors in breakbulk and project cargo shipping.

Costamare and Diana Containerships said they would focus on maintaining liquidity in the wake of their second-quarter results.

Container lines are adding intra-Asia services or improving their coverage of the region to capture what appears to be increasing demand on the North-South trade.

Slowing global growth, liner overcapacity, and high capital expenditure needs will test the resilience of Asia's ports over the next couple of years.