Factories across China are closed for the Golden Week holidays, but a few days of limited container volumes through mainland ports are little compared to a year of surplus capacity and record low freight rates.
A U.S. Coast Guard air crew found a life ring belonging to the missing TOTE Maritime roll-on, roll-off/container ship late Saturday about 75 miles northeast of the ship's last know position near Crooked Island in the Bahamas.
France’s CMA CGM has claimed that its new 18,000 TEU vessel, CMA CGM Bougainville, is the first container ship in the world to be equipped with new technology turning its payload of containers into “smart connected objects.”
The U.S. Coast Guard has resumed its search for a missing TOTE Maritime roll-on, roll-off/container ship with 33 crew members that was caught in Hurricane Joaquin, near Crooked Island, Bahamas.
Some ocean carriers are exploring a rail route through Honduras to move containers from Asia to the North American East Coast, a Federal Maritime Commissioner said at a Port of New York-New Jersey Port Industry Day forum.
Expectations of a rebound in daily rates for charter container ships following the end of the summer holidays are being quashed as container lines reduce their active route capacity.
Maersk Line will this month start a direct service between Thailand and Australia, eliminating the need to make transshipment calls at other Southeast Asian hubs and cutting down both transit time and costs for shippers.
Repairs to the Panama Canal's new locks will be more extensive than previously indicated, and the date for their completion is uncertain.
Container ship operators are being told that finding new ways to cut costs to stay profitable is the "new normal" in container shipping. The discipline is being imposed on them, in part, by orders for large newbuildings, which will postpone cyclical recovery.
Zim Integrated Shipping Services announced it is upgrading its Asia-Mediterranean service network, comprising the East Med-Black Sea Express, or EMX, and the Asia-India Subcontinent East Med, or AME, by adding new port calls and upsizing tonnage deployment.