Maritime News

Increasing cooperation between Hamburg Sud and carriers in the Ocean 3 alliance suggests it “seems only a matter of time” before the German container line joins the alliance, Drewry Container Insight said in a speculative commentary this week.

Matson’s first quarter operating income quadrupled from a year earlier as the carrier’s niche China-to-U.S. West Coast service continued to benefit from delays afflicting other trans-Pacific carriers.

Trans-Pacific ocean carriers have been digging in their heels to get rate increases in their 2014-2015 trans-Pacific ocean contracts and have been getting increases in some cases, especially on routes from Asia to East Coast ports, but rates negotiated for shipments from Asia to West Coast ports have been flat or lower than last year in some cases when bunker fuel surcharges are included in the rate.

Greece is expected to launch the long delayed privatization of the port of Piraeus, a top 10 European container hub, this week as its leftist government reluctantly undertakes reforms demanded by its international creditors.

An 18 percent injection of capacity on the U.S. East Coast and Gulf routes will put rates under pressure, even as the proportion of all-water cargo rises now that West Coast port operations in the U.S. have returned to normal.

Alianca Navegacao e Logistica launched a 4,800-TEU, the Bartolomeu Dias, in the Brazilian and South American coastal service and plans to launch a second ship this summer.

Vessel operators are being warned against transit in the Strait of Hormuz, three days after a Maersk Line cargo ship was fired upon and seized by the Iranian Revolutionary Guard.

Charter rates for containerships up to 6,500 twenty-foot equivalent units are on a roll as a rush of new liner services injects a further boost to an already dynamic market, Alphaliner reported.

Panama’s cabinet council has approved a request by the Panama Canal Authority to implement volume-based discounts for container ships. The new toll schedule will take effect April 1, 2016.

Asia-Mediterranean spot rates rose sharply on the back of May 1 general rate increases this week, but a host of GRIs on the Asia-Europe trade were unable to stem the sliding container prices, according to the Shanghai Containerized Freight Index (SCFI).