Maritime News

CMA CGM has signaled its intent to order nine 22,000 ships that, if delivered before 2019, will add to the huge amount of megaship capacity coming in to the Asia-Europe trade.


The wake-up call to the cost of unsustainably priced freight sent by the demise of Hanjin Shipping may be short-lived.

Coastal cooperation with domestic peers could be a major driver of that liner turnaround.

Copenhagen-based Maersk has been seeking to reduce its exposure to the energy market.

The new investment brings its total venture capital funding to $13 million.

Carriers will have to reduce services or risk upsetting the supply demand balance as a massive injection of capacity is delivered between now and 2019.

As of Aug. 16, Port Everglades has replaced Miami on the TA1/NEUATL1.

At least three carriers have pre-filed general rate increases.

The move would heighten competition in a key US domestic market.

After getting off to such a strong start that rates soared and space on ships ran out, exports from Europe to Asia fell steadily in the second quarter.