Maritime News

Fesco is currently in talks with its creditors and bondholders over the restructuring of its debts.


Rates on Asia-South America East Coast has soared to its highest level ever recorded as disciplined capacity management by carriers continues to support the spot market.


Nine port pairs on services between Southeast Asia and the West Coast are experiencing faster transit times than before the new and enhanced alliances launched April 1.


The opening of the elevated Bayonne Bridge in June is likely to bring change.


Spot rates in the eastbound Pacific dropped for the fourth straight week.


After three weeks of declines, the China to Europe and the Mediterranean spot rates rose this week, probably lifted by shippers trying to beat the rate increases coming on June 1.

Legislators’ recent interest in rewriting the Shipping Act of 1984 has been sparked by third-party suppliers’ fears of alliances having too much power.

Inland barges are facing long delays at the Rotterdam World Gateway Terminal.

Costamare is one of the leading charter ship owners, with a fleet of 72 vessels.