Maritime News

Spot freight rates on the Shanghai-North Europe and Asia Mediterranean trades shot up 60 percent this week as the May 1 general rate increases kicked in, according to the latest reading of the Shanghai Containerised Freight Index.

Technology is playing an increasing role in the management of freight rates as parties in the supply chain try to mitigate the extreme volatility that on trades such as the Asia-Europe can change every day and are a nightmare for the industry to manage.

China will conduct random inspections on export containers at the country’s ports from July 1 as part of its enforcement of the new container weighing requirements, according to long-awaited industry guidelines issued by the Ministry of Transport.

The Port of Houston has announced how it will handle the SOLAS verified gross mass rule.

Japan’s three largest container lines mostly reported dismal financial results for fiscal 2015 on Thursday.

A big new container shipping alliance aimed at blunting the power of a partnership between the world’s two largest ocean carriers and promising to shake up the other major vessel-sharing agreements will not set sail until it passes muster with global regulators.

The Port of Charleston and its CEO James Newsome are emerging as mavericks in the increasingly heated debate over a global container weight rule.

The decline in global piracy continued into the first quarter, but attacks are rising in some parts of the world.

CMA CGM has introduced a new container to corner the live lobster market.

Could U.S. freight volumes rise and overall economic growth slow?