Maritime News

Charter rates for container ships have fallen completely out of sync as owners in the most hard-pressed segments scramble to secure any short-term cover they can get.

Eimskip is eyeing fleet expansion after the Iceland container shipping and refrigerated logistics group, posted its best quarterly result since 2009.

The government of Greece has again extended the bidding process for the sale of the port in Piraeus — the country’s largest — this time at the request of the potential purchasers.

DFDS’s record quarterly profit has highlighted the rebound in northern Europe’s short sea shipping traffic and the positive impact of low fuel prices as ships face tougher environmental standards.

The Asia-Australia container trade is facing capacity cuts and service withdrawals in the next few months that should give added impetus to rising freight rates that have been increasing since mid-year on a better supply-demand balance.

Container lines are withdrawing larger capacity vessels from the major east-west trades in a selective approach that will better tackle the chronic over supply problem, according to Drewry.

The Hong Kong Competition Commission will not take any action against industry sectors that have applied for a block exemption from the law that takes effect on Dec. 14 until the applications have been reviewed, according to the city’s liner shipping lobby.

CMA CGM moved a step closer to acquiring Neptune Orient Lines after entering into an exclusivity agreement with the Singapore carrier that could see a formal offer made in early December.

Russell Held at JOC Inland 2015
Port of Virginia's Russell Held on its short-haul inland network, rail connections and the Panama Canal expansion.

William Dunavant at JOC Inland 2015
William B. Dunavant III on the future of American agriculture shipping.