Maritime News

Indian shippers who have been reeling from unpredictable demand may have some cost relief on the way after the Directorate General of Shipping and stakeholders moved a step closer to reaching an agreement over abolition of shipping surcharges.


Higher costs for operating ships will only increase the financial pressure on container lines already struggling to keep their heads above red ink.

The idle container shipping fleet has soared to 1.7 million twenty-foot-equivalent units this year.

A look at the market shares of the JOC’s Top 5 ocean carriers in the first three quarters of 2016 compared with last year reveals the rapid consolidation of capacity into fewer, larger liner hands.

Unless something changes dramatically, container lines risk a repeat of the brutal 2015 to 2016 contracting season; deepening industry losses are set to approach $10 billion this year alone.

Eastbound trans-Pacific spot rates are sliding on the wind down of the peak season.

Container shipping lines are “playing poker” with ports as their push for lower handling charges puts future terminal investments at risk, Drewry Shipping Consultants said.

Spot rates on the Asia-Europe trade have taken a sharp turn upwards, rising by 20 percent over the previous week.

Union names successor to retired Judge Milton Mollen.

Risks surrounding rapid changes in carrier and terminal industries are a source of confusion for ports and shippers.