Maritime News

Overcapacity, a wider Panama Canal, Hanjin's failure and sustained weak demand for containerized cargo are hurting non-operating ship owners as chartered vessels come flooding back.

Creditors worried they won’t be properly compensated with the sale proceeds.

Northwest Seaport Alliance receives guarantee it said it needed to withdraw its objection to sale of former Hanjin terminal in Seattle.

Trans-Pacific spot rate increases again in run-up to the Chinese New Year.

The China Cosco Shipping Group will receive $26 billion for Belt and Road investments and reforming of state-owned enterprises.

OOCL's partners in the Ocean Alliance are the most likely to buy the Hong Kong-based container line, analysts say, provided it is for sale.

Spot rates on Asia-Europe are still well above last year's levels with tight space supporting prices.

If additional carriers go bankrupt, the lines that remain will quickly consolidate their power, enabling them to dictate pricing.

Steadily increasing bunker fuel prices will enable carriers on the intra-Asia trade to raise rates that are at unprofitable levels on some regional routes.

Eimskip has averted a strike that was planned for next week.