Maritime News

NOL Group, the parent of liner unit APL that has been acquired by French line CMA CGM, posted a loss of $105 million in the first three months of the year as the woeful container shipping market decimated its earnings.

Freight rates from Asia to North Europe and the Mediterranean this week gave back some of the gains made in the May 1 increase with the weak container shipping environment unable to support any sustained hike in rates.

The Italian ports and shipping community is mourning the loss of Marco Simonetti, the popular and highly regarded vice-president of Contship Italia Group who has died after a short illness. He was 63.

Matson expects its operating income from ocean transportation this year to drop 15 percent to 20 percent from 2015, when its niche China-to-U.S. service benefited from larger rivals’ problems at West Coast ports.

Pan Ocean, one of South Korea's largest bulk carriers, has resumed container services in Southeast Asia for the first time since it exited receivership in early 2015.

Hanjin Shipping’s creditors Wednesday approved the shipping line’s proposal for voluntary restructuring of its debt.

Damco profit jumped triple digits in the first quarter.

Every major metric of performance for APM Terminals suffered in the first quarter.

Speculation on the makeup of a new container shipping alliance is mounting following the unveiling of the Ocean Alliance last month, with Maersk Group CEO Nils Andersen chipping in with his views on the subject.

Freight rates at record low levels dragged down Maersk Line's first-quarter net profit.