Maritime News

The idle container ship fleet has crept slightly higher.


The offering starts Aug. 27 and lasts eight weeks.

After chasing market share during the rate wars of 2016, Maersk Line is now concentrating on maintaining profitability in the recovering market.

Maersk is “quite pleased with growth in the [air cargo] business.”

All proceeds from the sale have been paid to an HSH Nordbank-led syndicate.

Maersk Line had a good second quarter and expects this to continue, and not even a possible $300 million third quarter hit from the cyber attack will derail its full-year profit expectations.

Brazilian chicken exporters are cheering.

Niche carriers either greatly overperform or dramatically underperform the top 16 carriers.

Trade between Charleston and the United Kingdom is growing faster than trade between the United States and the United Kingdom as a whole.

Singapore carrier PIL and port operator PSA are exploring blockchain technology with IBM, the latest container shipping industry players to link up with the IT giant.