Maritime News

Fesco’s revenue and earnings are still in freefall as Russia’s leading ocean and intermodal rail container operator struggles with a flatlining domestic economy.

APM Terminals has ordered more than 40 pieces of equipment for its second transshipment terminal under construction at the Tanger-Med port complex in Morocco.

A recent spike in the container spot market has given carriers improved pricing power, with shippers resigned to paying higher rates in their 2017 service contracts.

A container line's ships won't be empty if it goes under, making it harder still for shippers to see the signs they need to avoid disruption like that caused by Hanjin Shipping's insolvency.
The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.

The fate of the Ocean Alliance had become uncertain in recent months after the US Federal Maritime Commission halted its review process to receive more information from alliance membners.
US maritime regulators gave the green light to the Ocean Alliance to take sail on US trades in April.

Creditors of Hanjin Shipping have just four days to make a claim against the troubled carrier.

US importers are riding an increase in rolled cargo, as trans-Pacific eastbound spot rates hold at levels at twice that of some contracted prices.

A group of Asian container lines is injecting capacity into the Asia-Australia trade.

Spot rates remained flat this week ahead of a range of rate increases planned by the container lines.

Legal battles over cost and equipment liabilities related to Hanjin Shipping's bankruptcy continue to play out in courts around the world.
The court is hearing issues related to the bankruptcy filing by Hanjin Shipping, which left its more than 90 ships and 500,000 containers around the world in limbo.