Maritime News

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

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.

As shippers scrutinize carriers’ financial stability ahead of the 2016 to 2017 bidding season, the safeguards could provide those that deal with the THE Alliance some reassurances — and give alliance members a contracting edge.

Maersk Line ended weeks of speculation with an announcement that it had reached an agreement to buy Hamburg Süd.

There was moderately better news for APL and Zim in the third quarter; while APL enjoyed the scale benefits that came with its new parent, CMA CGM, Zim managed to narrow its net losses by almost 50 percent.

Fitch Ratings said Wednesday it expects Maersk Line to fulfill a long-anticipated takeover of a rival.

US federal safety investigators in mid-December will make public key information pertaining to the 2015 sinking of TOTE Maritime’s El Faro.

Fesco’s revenue and profit is still collapsing.