Maritime News

In a stark example of the phenomenon, the DP World terminal at Prince Rupert on Wednesday was refusing to work a Hanjin ship that has arrived there from Asia carrying its own cargo and that of its alliance partners Cosco, “K” Line, Yang Ming Line and Evergreen Line, according to two sources close to the matter.

Japanese shipping group "K" Line has set up a joint venture with India’s J.M. Baxi Group.

The first half was not kind to Rickmers-Linie, and the second half will not be much better.
Multipurpose carrier's average rates per ton fall 20 percent amid industry-wide overcapacity.

Sharp spot rate increases could take effect as soon as Thursday.

The idle container ship fleet continues to rise despite efforts to cut it down through scrapping.
The idle container ship fleet remains above 1 million 20-foot-equivalent units and is still rising.

Being in the red for four of the last five years has caught up to Hanjin Shipping.
Debt-stricken Hanjin Shipping will file for court protection after losing the support of its banks unhappy with its restructuring efforts.

Few things spook shippers more than the potential for a ship to be arrested in port, something Hanjin has reportedly faced and may see more of as creditors come collecting.

A merger of Hanjin and HMM is in the national interest, believes the Korea Shipowners Association.

As vessel alliances change, SPRC of Colombia, pictured, and ports around the world will face new challenges.
The days of multiuser container terminals could be coming to an end, according to the head of a Colombian container terminal.

Mediterranean Shipping Co. has introduced a new container service between India and Africa to “improve transit times and enhance delivery to those destinations.”