Maritime News

The European Union has agreed a regulation compelling all ships sailing in its waters to monitor their carbon emissions, and it immediately drew criticism from ship-owner bodies for complicating, and possibly jeopardizing, ongoing efforts to reach a global accord.

United Arab Shipping Company (UASC) today named the industry’s first ever LNG-ready ultra large container vessel at Ulsan in Korea, with Sajir becoming the first of 17 vessels ordered by the carrier.

Shipping lines on the trans-Pacific saw all gains made by the Nov. 15 general rates increases fall away as the spot rate plunged $253 per 40-foot container in the past week, according to the latest reading of the Shanghai Containerised Freight Index (SCFI) released today.

There will be no speedy solution to the congestion that is creating bottlenecks at ports around the world as terminals battle to cope with growing trade and surges in container volume.

Orient Overseas Container Line (OOCL) became the latest carrier to postpone a port congestion surcharge for cargo entering North America via West Coast gateways, reversing a decision to impose the levy announced just days ago.

The revenue container shipping lines are achieving per TEU has been falling steadily over the past three years as freight rates continue to weaken under the burden of excess capacity.

For the second time in two weeks, three carriers are reversing their decision to implement port congestion surcharges, though the reason wasn’t immediately clear.

An Israel Corp. shareholder vote on the spinoff of Zim Integrated Shipping Services and several other businesses into a new company, Kenon Holdings Ltd., has been scheduled for a Dec. 31 vote.

Matson Navigation Co. will raise its rates for its Guam Commonwealth of Northern Mariana Islands and Micronesia services by $225 for both westbound and eastbound containers, effective Jan. 25, 2015.

Saying water levels have fallen in the St.