Freight rates on the spot markets continued their downward trend in early September, but shippers as well as carriers continue to say there will be a peak shipping season this year, and it will take place from October into early November.
Greek authorities seized a cargo ship carrying undeclared weapons to Libya this week in the Mediterranean, which has become a become a thoroughfare for refugees, migrants, smugglers and terrorists in recent months.
CMA CGM will raise rates on cargo heading from the U.S. to Asia at a time of falling U.S. exports.
Orient Overseas Container Line, or OOCL, has joined the ranks of carriers this month announcing general rate increases for goods moving from Asia to Europe, despite the persistently weak market on those lanes that has undercut monthly GRIs for most of 2015.
Mitsui O.S.K. Lines is testing a container ship windshield that the Japanese carrier hopes will reduce wind resistance, save fuel, and reduce carbon dioxide emissions by an average of 2 percent.
The KM Meratus Banjar 2 sank in the Java Sea, claiming the lives of two sailors.
Maersk Line is upgrading its Middle East-South Africa-West Africa, or Mesawa, service by adding a direct call at Colombo, Sri Lanka, in an attempt to pick up additional cargo.
Spot freight rates on trade lanes from Asia to Europe and the Mediterranean held on to gains from the Sept. 1 general rate increase, rising for the second successive week, according to the latest reading of the Shanghai Containerised Freight Index.
An Australian fruit exporter has complained at the lack of transparency provided by shipping lines following faulty in-transit cold disinfestation treatment, a problem that can lead to the costly redirection of cargo.
Hyundai Merchant Marine has launched a new service connecting Asia and the west coast of Latin America.