Maritime News

CMA CGM, the world’s third-largest container line in deployed capacity, plans to make a port on a French island in the Indian Ocean into a transshipment hub to serve markets in Africa, the company said in a statement.

Air and sea freight volumes in European east-west trade lanes have seen consecutive gains in recent months, but growth is expected to subside over the next six months, according to a new survey from the investment firm Stifel Nicolaus.

A good peak season will lead to a shortage of containers, with the inventory of new boxes standing at less than two months of the required levels, Singamas chairman Teo Siong Seng said in Hong Kong.

Singamas chairman Teo Siong Seng does not believe the antidumping and countervailing duty investigation the company is facing in the U.S. will have a lasting effect on its business.


Simatech Shipping, X-Press Feeders and Orient Express Lines have expanded their joint ASX Service between India and the Middle East by adding a direct call at Adani Hazira Container Terminal, a private facility in western India.

Port Metro Vancouver is receiving a modest windfall in container volume thanks to the uncertainties surrounding longshore contract negotiations on the U.S. West Coast, but it might have profited even more if its terminals had more capacity to handle diverted cargo. Projects are planned to expand its capacity substantially over the next 10 years.

The Port of Oakland was returning to normalcy Wednesday after four days of on-again, off-again demonstrations by anti-Israel protesters involving the Zim Piraeus container ship.

Maersk Line star
In reporting its second-quarter and first-half 2014 results this week, Maersk Line again showed how its financial fortunes are diverging from most of the rest of the container shipping industry.

Evergreen container ship, Ever Lambent
The cost benefits of Evergreen Marine joining the CKYH Alliance were reflected in its second-quarter earnings, which saw the Taipei-based carrier returning to profitability.

Overall capacity operated by the Top 21 container carriers increased 5.6 percent or 847,000 TEUs in the last 12 months, according to industry analyst Alphaliner’s latest newsletter, furthering chronic overcapacity in the container shipping market.