Maritime News

Drewry’s Hong Kong-Los Angeles container freight rate benchmark was unchanged for the second week in a row at $2,075 per FEU.
Spot rates in the trans-Pacific trade are holding steady as peak-season volumes continue to keep capacity tight on trips to the U.S. East and West Coasts.

Shipping a container from India can cost nearly double what it costs to ship the same container from China, according to a report from the Associated Chambers of Commerce and Industry of India.

Like a sparkling Ferrari on a showroom floor, the U.S. Southeast ports are sitting pretty when it comes to import and export automobile traffic growth.

Maersk Inc. has sold its U.S. headquarters building in Madison, New Jersey, for a reported $53.3 million and leased offices in nearby Florham Park, New Jersey.

Asian Gypsy Moth

Tiny, dirt-like egg clusters are waylaying cargo at ports in the United States, delaying thousands of containers for days at a time.


Damco warehouse
Carriers’ strategy to bundle logistics services with container shipping services appears to be “unraveling,” according to Alphaliner’s latest newsletter.

CSAV has announced plans to introduce a new weekly service, the IMEX Sling 1, connecting the Indian subcontinent, the Middle East and North Europe, starting in late October.

The world’s largest container manufacturer, China International Marine Containers (CIMC), does not expect the U.S. government’s antidumping and countervailing duty investigation to be resolved before May next year.

Middle East-based Simatech Shipping has announced the launch of a fortnightly feeder service linking Dakshin Bharat Gateway Terminal, a new private facility in India’s Port of Tuticorin (V.O. Chidambaranar), with Colombo, Sri Lanka, starting this month.

German-Russian business ties were on full display at a reception in St. Petersburg hosted by the Port of Hamburg, where politics was a main theme of discussion.