Maritime News

“This is an important strategic milestone and a big step forward for Hapag-Lloyd.”

“The first quarter was in line with our expectations.”

According to analysts, low freight demand, overcapacity, and the consequent tightening of profit margins has placed shipbuilding on a sort of hiatus, but it won't last.

The launch of the new BBC Euro-Gulf Express Line follows BBC’s addition this month of westbound capacity on its Mediterranean-America service.

The Swedish government is coming under increasing pressure to intervene in the year-long industrial dispute at APM Terminals Gothenburg.

Shippers using CMA CGM on the North Europe-Middle East-India trade will face a container booking cancellation fee from June 1.

Such a move already has support on Capitol Hill, where lawmakers have been weighing options to strengthen Federal Maritime Commission safeguards against collusion among carriers in the world’s three major VSAs.

Five have already been taken over and the remaining two are scheduled for delivery by the end of June.

Rapid growth in intra-Asia container volume unable to get rates up, which Drewry suggests may be a result of larger vessels being deployed on the trade.

There are signs that the liner shipping business is clawing its way back to profitability, but with the real impact of higher contract rates yet to be felt, it is too soon to say.