The long-depressed market for multipurpose vessel operators is starting to improve.
The Cape Sounio is the largest vessel in the Israeli ocean carrier’s fleet.
Executive Director Gene Seroka said the container was discharged from an Evergreen Line vessel.
Eastbound Pacific spot rates to East and West coasts edge lower for the third straight week.
Portonave is the second-largest container terminal in Brazil.
Orders from Europe are rising with a strong peak season on the cards, but growing volumes could spell space issues and equipment shortages in the months ahead.
There was little movement in China-Europe spot rates with a week to go to the July 1 rate increases and peak season surcharges also in the pipeline.
Starting Sunday, officials at the Port of New York and New Jersey can discuss a contentious per-container charge with major container lines, after a tied FMC vote.
Will stability return to container shipping? In Q1 2017, JOC.com posed this question to Robbert Van Trooijen, Asia-Pacific CEO of Maersk Line.
Although May’s inventory-to-sales ratio, the final test for the theory, is still unavailable, other factors suggest the turnaround has begun.