The revenue container shipping lines are achieving per TEU has been falling steadily over the past three years as freight rates continue to weaken under the burden of excess capacity.
For the second time in two weeks, three carriers are reversing their decision to implement port congestion surcharges, though the reason wasn’t immediately clear.
An Israel Corp. shareholder vote on the spinoff of Zim Integrated Shipping Services and several other businesses into a new company, Kenon Holdings Ltd., has been scheduled for a Dec. 31 vote.
Matson Navigation Co. will raise its rates for its Guam Commonwealth of Northern Mariana Islands and Micronesia services by $225 for both westbound and eastbound containers, effective Jan. 25, 2015.
Saying water levels have fallen in the St.
The International Maritime Organization last week agreed to an amended rule requiring container weights to be verified before boxes are loaded, cementing the rule’s implementation in July 2016.
With Asia to Europe trade showing growth that far exceeds the region’s GDP growth this year, and forecasts call
CMA CGM on Wednesday announced the acquisition of German short-sea shipping line OPDR in the latest move by the French carrier to boost its share of the fast growing intra-European container shipping market.
The U.S. Government Accountability Office says the military should revise practices that cost taxpayers $823 million in fees over 10 years for late return of shipping containers, mostly for the war in Afghanistan.
Reinstated port congestion surcharges for container imports into the U.S. West Coast will go into effect beginning on Wednesday.