Maritime News

CMA CGM Corte Real
CMA CGM, the world’s third-largest carrier in deployed capacity, increased revenue and cut operating expenses in the April through June period according to quarterly figures released today.

Maersk Kampala
Global schedule reliability has declined for the first time in six months, as carriers continue to deal with congestion in North Europe and the U.S. West Coast, according to a new report from SeaIntel Maritime Analysis.

air freighter
The air cargo industry has been battling declining market share for years as cost-sensitive shippers move long-haul cargo from air to ocean transport, but that trend may be coming to an end, PIL Managing Director Teo Siong Seng says.

Robert Sappio, former longtime executive at APL, has been named chief operating officer at SeaCube Container Leasing.

Emirates Shipping Line is the latest container line to impose surcharges on India-bound cargoes in response to the months-long intermodal delays that have led to serious equipment imbalance issues at India’s premier container gateways.

China Shipping Container Lines drifted into positive territory in the first half as a gain from one-time asset sales offset high costs and stubbornly weak freight rates that are troubling the liner industry.

Cosco Indian Ocean at Felixstowe
China Cosco Holdings saw its first-half losses soar to $338 million as a difficult shipping environment and the disposal of vessels dragged its year-over-year net profit down by 130 percent, despite solid growth in container volumes.

Jeffrey Boston has succeeded Chris Dombalis as chief executive officer at U.S. mainland-Puerto Rico carrier Trailer Bridge.

Maersk Line and Mediterranean Shipping Co. could eventually operate ships of up to 19,200-TEUs on east-west trades that touch the U.S., within their planned “2M” vessel-sharing agreement, according to a filing with the U.S. Federal Maritime Commission.

An investment consortia including the U.S. private equity giant Kohlberg Kravis Roberts has acquired a portfolio of nine feeder container ships previously owned by German KG funds.