Maritime News

Cars loaded on roll-on, roll-off ship
A year ago, the European roll-on, roll-off market was rife with fears of carrier bankruptcies, shotgun sales and shuttered operations. Then the unexpected happened: Oil prices plummeted, and those fears haven’t just been allayed, but ro-ro carriers are on the verge of a mini-boom.

With West Coast port congestion and container backlogs easing faster than predicted, beneficial cargo owners are reassessing their supply chain strategies for the coming shipping season.

The privatization of Kingston Container Terminal should help revive transshipment, but the new operator will face competitive challenges

The number of westbound 40-foot equivalent ocean containers available in Chicago and Kansas City surged in early April, another sign the West Coast container logjam has broken and the Chinese New Year reprieve is over.

A former employee of U.S. mainland-Puerto Rico carriers Sea Star Line and Trailer Bridge has been charged with defrauding the companies of $2.1 million by submitting phony invoices for container and equipment decals and inspection and transportation of containers and equipment.

Horizon Lines said it expects to complete its sale to Matson by the end of Horizon’s second quarter in late June. The deal received clearance from U.S. antitrust regulators this week.

Zim container ship in Savannah
Zim Integrated Shipping Services announced the launch of a new service between Asia and the U.S. East Coast via the Suez Canal at the end of May.

OOCL container shipping passing under Golden Gate Bridge
Orient Overseas Container Line reported falling volumes and revenue in the first quarter with the trans-Pacific and intra-Asia trades placing a drag on the carrier’s performance.

Navios Group has acquired a further 14 ships at risk of bankruptcy from HSH Nordbank in the second deal between the NYSE-listed Greek shipowner and the German bank in the past two years.

Shippers should expect more blanked sailings and service disruption as the carriers try to raise freight rates that have tumbled to unprecedented levels on the Asia-Europe trades, a major forwarder has warned.