Maritime News

Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.

Four out of five ships operated by the world’s 20 largest container lines arrived in port on time in August, the best performance since November 2013, SeaIntel Maritime Analysis said in its Global Liner Performance report.

Searchers are combing the Atlantic today in the fast-dwindling hope of finding survivors among the 33-member crew of the TOTE Maritime cargo ship El Faro, which sank five days ago during a Category 4 hurricane off the Bahamas.

The Louisiana Chemical Association has filed suit to block raises for two groups of Mississippi River ship pilots that would boost their average annual pay more than $50,000 over four years, to $473,692 in 2019, according to a local report.

The Panama Canal Authority is not only focused on expanding the waterway itself, but also on synergistic ancillary ventures that render the entire system more attractive.

A body of one crew member of the TOTE Maritime cargo ship El Faro has been found, the Coast Guard said, and the search continues for the remainder of the 33-member crew of the vessel, which sank during Hurricane Joaquin.

U.S. West Coast ports are expected to claw back market share lost to the East Coast during the congestion earlier this year, but the longer term trend is for cargo to migrate to the east, Drewry says.

When the Panama Canal’s expansion is completed, likely next year despite the likelihood of fresh delays, it will immediately orphan a class of ships specifically designed to maximize use of the existing canal. This could have a big impact on container ship supply in coming years.

Factories across China are closed for the Golden Week holidays, but a few days of limited container volumes through mainland ports are little compared to a year of surplus capacity and record low freight rates.

A U.S. Coast Guard air crew found a life ring belonging to the missing TOTE Maritime roll-on, roll-off/container ship late Saturday about 75 miles northeast of the ship's last know position near Crooked Island in the Bahamas.