The fleet of idle container ships is racing to an all-time high.
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Star Reefers sank into the red in the third quarter as the Norwegian refrigerated shipping line faced intense pressure from container lines.
DP’s World’s container traffic increased slightly in the first nine months of the year.
Panalpina’s profit stabilized in the first nine months of the year.
Costamare said it has delayed the delivery of four container ships.
The decision ends decades of indecision that has been condemned by UK business leaders, shippers, and freight forwarders.
Fesco’s revenue and earnings are still in freefall as Russia’s leading ocean and intermodal rail container operator struggles with a flatlining domestic economy.
APM Terminals has ordered more than 40 pieces of equipment for its second transshipment terminal under construction at the Tanger-Med port complex in Morocco.
Rotterdam announced a dip in its container traffic in the first nine months of 2016, just days after its top rival Antwerp booked an increase to further close the gap with Europe’s top box hub.
Antwerp’s container volume grew in the first nine months of 2016, keeping the Belgian port on course to post another record year and cement its position as Europe’s second-largest container hub.
Seatrade's order underscores the strength of the reefer market.
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