China’s rejection of the P3 alliance dealt a blow to the idea of a mega-alliance, but the aftermath has paved the way for a variety of smaller vessel-sharing agreements to enter the market.
Service reliability in the container shipping business is set to improve as carriers with lower standards joining the big alliances will be forced to raise their game.
Crowley Maritime Corp. is in talks to acquire the Puerto Rico ships, routes and San Juan port facilities of competitor Horizon Lines for about $80 million, according to a report in Caribbean Business.
The post-Panamax container ship MSC Flaminia will rejoin Mediterranean Shipping Co.’s fleet this week, two years after being heavily damaged in a mid-Atlantic fire that killed three crewmembers.
China Shipping has injected $300 million into its wholly owned subsidiary China Shipping Container Lines (CSCL
The Indian government, looking to capitalize on the growing importance of cross-border trade, has finalized plans to star
While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and June indicate retailers were also diverting shipments away from West Coast ports.
Multiple carriers have announced general rate increases on several trade routes to take effect in August.
Instability in the spot rate market continued this week, as spot rates from Shanghai to northern Europe, the Mediterranean and both coasts of the United States sank yet again...
The Port of Antwerp plans to build a bunkering station to encourage use of liquefied natural gas by self-propelled river barges.