Maritime News

The Asia-Europe spot market was flat this week, and although Europe-China prices have fallen in the past two weeks, the eastbound rate remains well above the levels reached last year.

The Department of Justice declined to say why CEOs of major carriers were served subpoenas March 15 at the biannual Box Club meeting in San Francisco.

While profit fell by nearly a third, revenue increased 24 percent.

Freight volumes have surged 23 percent in the first two months of 2017.

BCOs are looking to air freight as an alternative to shipping cargo from North Europe to Asia as ocean space remains tight.

A federal judge has allowed a bank to foreclose on and sell its interest in more than 1,500 Hanjin Shipping containers to repay the bank for owed lease payments.

Alphaliner executive consultant Hua Joo Tan's speech at the 17th annual TPM Conference took a look at where ocean capacity currently stands in relation to demand.

The decision on the deal, said to be worth around $4 billion, was due on March 27.

A smooth rollout is not expected.

It is not only dry containers where freight rates are heading for the stars.