Maritime News

Artist’s rendition of one of Matson’s planned Aloha Class vessels.
Jones Act carrier Matson posed slight declines in second-quarter net profit and operating income but said it expects its operating results in the second half of 2014 to show improvement from a year ago.

Spot rates to northern Europe jumped 20.9 percent this week
August general rate increases have given a boost to spot rates on all of the major lanes this week.

ECT Delta East terminal
Hapag-Lloyd announced it is temporarily diverting vessels deployed on one of its Europe-Asia services from Rotterdam to Antwerp as congestion worsens at Europe’s biggest container port as the peak shipping season gathers speed.

Ship engine telegraph pointing to ahead slow.
Diversions from the West Coast to avoid longshore labor negotiations are creating delays of up to two to three weeks for some ocean cargo moving from Asia to the U.S. East Coast, according to a freight forwarder.

A group of pro-Palestinian activists will not be gathering en masse at Port of Oakland’s Berth 57 on Aug. 2 to protest the arrival of ships belonging to the Israel-based carrier Zim Integrated Shipping Services, the group announced on its Facebook page.

Mitsui O.S.K. Lines Ltd. reported a sharp deterioration in its container-shipping financials for its fiscal first quarter ending on June 30th and said that rates during the remainder of its year would not recover to the degree it had projected.

Interim result season is in full swing, and the financial reports reveal carriers in the container-shipping industry searching for a silver lining.

Horizon Lines reported a 10.8 percent increase in its second-quarter container volume but said rates declined, largely because of growing competition on its Jones Act domestic trades.

China shoe factory
China will remain the clear leader in U.S. footwear imports even as Vietnam and other countries nibble away at its market share, according to a new forecast by the Footwear Distributors and Retailers of America.

Despite managing to restore profitability in the past year, MOL president Koichi Muto said the company’s container division continues to lose money and can’t recover without massive changes.