Maritime News

The world’s largest container carrier — and reefer carrier — Maersk Line is well-versed in the details of shipping temperature-controlled cargoes. William “Bill” Duggan, vice president of North American refrigerated services, recently shared his thoughts on key challenges and opportunities confronting the global reefer market.

At a time when east-west container shipping trades are being pummeled by what Drewry Maritime Research calls a toxic mix of overcapacity, weak demand and aggressive pricing, the trans-Atlantic is standing out as a lone, and surprising, stalwart.

Greek container ship-owner Danaos more than doubled second-quarter earnings as it continued to cut financing costs and increased its charter revenue.

Hawaiian shippers frustrated with high freight rates had their hopes for change dashed last week after a U.S. federal court rejected their bid to strike cabotage provisions from the U.S. Merchant Marine Act.

The slowdown in China’s economy poses some risks for container shipping, according to Drewry Maritime Research.

“It is a historic day – a day for removing barriers,” proclaimed U.S. Secretary of State John Kerry on July 20, as Cuba and America reopened their embassies and ended a 54-year diplomatic stalemate.

HONG KONG — Australia is preparing for a free trade agreement with its largest trading partner China that is se


Asia-Europe spot rates more than doubled this week, hitting highs that haven’t been seen in months and giving carriers a much-needed glimmer of hope.

Japan’s three largest container lines saw their net profits surge in the first quarter of fiscal 2015, buoyed by brisk container traffic volume from Asia to the United States as well as a weaker yen and lower fuel prices.

Although U.S. consumer spending is still lagging its potential this year, it is likely to pick up in the second half, but not enough to fill container vessels with the imports needed to support freight rate increases. That was the takeaway from Thursday’s JOC webcast on the Peak Season Shipping Forecast.