Maritime News

Japan's Imabari Shipbuilding Co., Ltd. says it has secured orders for 11 containerships with capacities of 20,000 twenty-foot-equivalent units, and is adding a large dry dock for their construction.

Japan's three major diversified ocean carriers -- Mitsui O.S.K., NYK Line and “K” Line” -- posted profits for t


Months of severe congestion caused container shipping line on-time performance to plunge nearly across the board in 2014, according to Danish research firm SeaIntel Maritime Analysis.

Maersk Line is in early talks with Asian shipbuilders for an order of up to 10 container ships that would have capacities of up to 20,000 20-foot-equivalent units, the Wall Street Journal reported Friday.

OOCL plans to upgrade its intra-Asia service network by joining the Singapore-Chennai 2 (SC2) service operated by Wan Hai Lines and Bengal Tiger Line, starting in early February.

Sen. John McCain’s amendment to repeal a key provision of the Jones Act failed to make it into a Senate-passed bill authorizing construction of the Keystone XL oil pipeline.

Orient Overseas Container Line (OOCL) saw its revenue rise by 3.5 percent in 2014 to $5.8 billion as the carrier transported 5.5 percent more containers than in the previous year, according to the line’s latest operational update.

On the eve of a host of planned general rate increases, Asia-North Europe spot rates tumbled 8.2 percent this week, shedding most of the sharp gains made since mid-January, according to the latest reading of the Shanghai Containerised Freight Index (SCFI).

Hanjin Shipping ended 2014 with a loss of $386 million, a result that was still an improvement of 37.8 percent over 2013 and was achieved on the back of a vastly improved operating result.

China Cosco Holdings ended 2014 in profitable territory, growing its net earnings by 50 percent to $56 million on the back of cost cuts, improved revenue and lower bunker fuel prices.