Maritime News

Australia’s top container terminal operator will have a new owner in short order. 


U.S. exports continue to struggle amid low freight rates and the strong dollar. 


Orient Overseas Container Line moved more containers in the second quarter of 2016 than the same period a year before.

OOCL, its G6 Alliance partners and other ocean carriers can't seem to find the magic formula needed to bring trans-Pacifc capacity in line with demand.
Container lines in the eastbound trans-Pacific this week were unable to hold on to their rate increases of last week.

Asia-Europe spot freight rates continued their steady march down from the year’s high reached on July 1.

Span Alaska gives Matson Logistics greater reach into The Frontier State, and door-to-door service capabilities increasingly needed to compete.

Maersk Line will deploy the same size ships on the new Panama routing as it did via the old routing through the Suez Canal.
Maersk Line said it would reroute one of its Suez Canal strings just days before the Panama Canal opened June 26.

Mega-ships and the 2M Alliance are both critical features of Hyundai Merchant Marine's efforts to stabilize its finances.
Hyundai Merchant Marine on Thursday signed an agreement with its creditors to proceed with its business normalization plan.

APMT hopes that new cranes able to handle some of the largest mega-ships afloat, pictured, will help transform Pecem, Brazil, into a regional container hub.
APM Terminals and port owner Cearaportus hope to turn the Brazilian Port of Pecem into a regional east coast South America hub.

The new CEO of Hyundai Merchant Marine will be quite busy as he or she tries to return to profitability a company that was on the brink of receivership just two months ago.
Hyundai Merchant Marine will get a new CEO in August.