Maritime News

Mediterranean Shipping Co. is adding calls at North Europe ports to its Angola Express Service in another sign of West Africa's allure to players in the container trade.

CMA CGM and its partners in the Ocean Three Alliance are combining services to form a new string as carriers continue to try to reduce capacity on the oversupplied Asia-Europe trade.

FESCO, one of Russia’s largest privately-owned transportation and logistics companies, posted significant declines in container volumes in the first half but believes that its future is bright.

CMA CGM announced a Sept. 20 general rate increase of $500 per 20-foot-equivalent unit encompassing all cargo originating in Asia and heading to North Europe.

NYK Line is looking to profit off India’s booming auto industry with the addition of a new roll-on, roll-off terminal in Pipavav in the state of Gujarat on the country’s northwest coast.

Panama Canal officials have said it will take one month to repair leaks discovered in locks for the Pacific side, but warned El Nino is a bigger threat to the canal’s operations.

China Merchants Holdings (International)’s first half net profit jumped 29 percent year-over-year to HK$2.8 billion ($US 361 million) after throughput gains at Chinese terminals exceeded China’s overall container growth rate and traffic through overseas facilities rose at a double-digit clip.

TOTE launched the second of two liquefied natural gas-powered container ships that the company’s Sea Star Line subsidiary will operate between the U.S. mainland and Puerto Rico.

CMA CGM ‘s second quarter net profit jumped 66.7 percent as rising volumes and lower costs driven by oil prices offset a 7.8 percent drop in average revenue per container.

Australia’s container shipping business appears to have escaped the fate of its dry bulk sector that has been crippled by China’s economic slowdown, but even as volumes grow strongly excess capacity in the north-south trade is preventing rates from rising.