Pacific International Lines is looking beyond today’s bleak business climate and is aiming to make a splash later this month.
Trans-Atlantic spot rates are forecast to rise.
Allcargo Logistics, the parent of global non-vessel-operating common carrier ECU Line, plans to more than double annual revenue.
The world’s major ship owners are feeling the pressure as container ship charter rates plummet and charters are being renegotiated as the financial positions of shipping lines worsen, according to Drewry.
Maersk Line is poised to disclose its first-quarter results after a bruising three months.
Marine highways, or container transport via inland and coastal waterways, have had a rough go in the United States, but the U.S. Maritime Administration says it has learned from missteps.
Hanjin Shipping and Hyundai Merchant Marine have confirmed they are in discussions with other container lines on forming alliances.
Hanjin Shipping has reached out to ship charterers to request their patience and understanding as it tries to restructure its debt.
After three straight weeks of decline, the spot rate for shipping a 40-foot-equivalent unit container from Shanghai to the West Coast shot up this week.
Hermann Yu, president of the Taiwanese container line Yang Ming Marine Transport, died at home on April 27, the company has announced. He was 59.