Maritime News

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.

Maersk’s chief executive warned global trade will never return to the heady growth rates experienced before the global financial crisis of 2008, partly due to moves by western firms to repatriate manufacturing closer to home.

Spot rates on the Asia-North Europe trade surged to $1,256 per 20-foot container as carriers levied January general rates increases and volumes grew in the build up to Chinese New Year, according to the latest reading of the Shanghai Containerized Freight Index (SCFI).

The global container ship fleet this year is set to increase 7.8 percent in terms of capacity, outpacing last year’s 6.3 percent growth, according to Alphaliner.

APM Terminals' Maasvlakte2 in Rotterdam
Europe’s ports face a rocky ride in 2015, dominated by a potential glut of container-handling capacity in the north that will only be partially offset by steadily rising transshipment traffic in the Mediterranean.

APL Gwangyang at Port of Singapore
It will be “better luck” this year for loss-making Neptune Orient Lines as plummeting bunker fuel prices give a huge boost to the company’s cost savings drive, according to investment bankers DBS Vickers.

A bipartisan group of 32 U.S. House members are pushing back against a recently filed amendment to repeal requirements that domestic waterborne cargo be shipped in U.S.-flag ships owned, built and operated by Americans.