Maritime News

The weather system currently extends from eastern Cuba north to the central Bahamas.

The cash from Korean Air Lines is separate from an earlier announced plan to raise liquidity at Hanjin Shipping.
Korean Air Lines is swooping in to support Hanjin Shipping.

The days of questions about zero freight on the Asia-Europe trade may be gone, but the market is still a difficult one for container lines.
It may not seem like it, but there has been an upward trend in Asia-Europe freight rates since the March lows.

Singamas manufactured 112,599 less containers in the first half of 2016 than 2015.
The world’s No. 2 container maker, slumped to a loss in the first half of 2016.

The Ocean Alliance will get a new 45-day review period from the U.S. Federal Maritime Commission after it submits responses to FMC queries.
U.S. maritime regulators have more questions for the Ocean Alliance.

A group of Asia-based container lines are teaming up to offer new joint services on the intra-Asia trade.


Traffic at Venezuelan ports such as Puerto de La Guaira‎, pictured, has plummeted in recent years because of the collapse in the price of oil and government mismanagement of the economy.
It is hard to believe that Venezuela’s container import business could get any worse — but it has done just that in 2016.

Hanjin Shipping has until Sept. 4 to meet the conditions set by its creditors, and the South Korean government has expressed reluctance to bail out the struggling container line.
Hanjin Shipping on Thursday submitted its plan to boost liquidity to the Korea Development Bank.

APL’s tie-up with CMA CGM has allowed the Singapore liner to re-enter the India-Europe trade lane.

The Aotea Maersk will become the largest container ship ever to visit New Zealand when it calls at Tauranga on Oct. 4.