Container Shipping News

The Japanese lines may as well fast track their merger following the voting down of their proposed agreement by the FMC on jurisdictional grounds, as the new line is unlikely to be blocked.

Traffic out of the Mediterranean surged 28 percent.

If ocean carriers want shippers to take no-shows seriously, there is a lot ship lines can do to be taken more seriously.

The value of recently shunned Panamax container ships is growing faster than other vessel sizes.

A new paper says beneficial cargo owners are largely to blame for the poor service levels of today’s liner shipping industry.

The Danish carrier said the additional call would offer northern India hinterland shippers more ”options to route their cargo to and from North Europe, the Mediterranean, and West Africa.”

Eastbound Pacific spot rates dip slightly, waiting for back-to-school merchandise to begin moving this summer.

The carrier says its China express service continues to attract premium rates.

Vessel arrival delays at Shanghai port are easing, according to the latest data, with forwarders expecting another two weeks before bottlenecks at the Yangshan terminals will be resolved.

Yang Ming Marine Transport Corp, stock code 2609, is trading again on the Taiwan Stock Exchange after a two-week suspension.

Legislators said their interest in the area has been piqued by a broader inquiry into possible collusion among carriers in the world’s three major vessel-sharing agreements.

The New York Stock Exchange-listed company’s net income rose to $6.8 million.

The US Federal Maritime Commissioners voted 4-0 to reject ‘K’-Line, MOL, and NYK Line’s plan to share information with each other ahead of the merging of their container operations in July

Bunker fuel costs are about $150 per container higher than last year at this time.

Container ship operators to and from India are increasingly tapping breakbulk or heavy cargo opportunities.

Maersk's first second-generation Triple-E has made its first call on the Asia-Europe network of the 2M Alliance, with another 10 of the giant 20,568 TEU ships still to come.

All-in freight rates on the Asia to ECSA trade lane appear to be settling in at levels at least double what they were during the last bidding season.

BCOs fear that any teeth added to service contracts will come out of their pockets in other ways.

Spot rates in the eastbound Pacific this week went up for the first time since mid-January.

The House of Representatives — and soon the Senate, sources say — will hear the concerns of domestic tugboat operators.

"Port Klang will be the big loser as a result of the alliance shifts.”

The cost of the takeover was revealed for the first time.

The first two ships have begun their charters.

It has been a good first quarter for OOCL with solid increases in revenue and volumes on the east-west trades. Business appears to be looking up for Hong Kong's OOCL.

Spot rates on the Asia-Europe trade have risen close to their 2017 highs, even as backhaul rates fall for the forth consecutive week.

The next 12 months will be good for Japan's top three carriers that are predicting a profitable 2017/18 financial year.

Seaspan Corporation’s earnings and revenue declined in the first quarter.

The move seeks to solve a core problem that underpins the industry’s slow pace in digitalizing processes.

With the help of Microsoft, Maersk Line plans to roll out customer software applications in the third quarter that will help beneficial cargo owners track containers and manage cargo.

Trading in Yang Ming stock on the Taiwan Stock Exchange was suspended last week.

Work is already under way to develop the scope of the Baltic’s freight market information services.

Japan’s container trade is estimated to have risen 1.9 percent year-over-year to 11.9 million TEU in fiscal 2016.

Carriers control the physical transport of containers, so any supply chain solution needs to have their support.

Although the alliance changes that reshuffled carrier alliances from four to three took effect April 1, the impact is only slowly emerging on routes across the globe.

Installation of the new Tideworks Technology system at San Juan follows the rollout of the system last September at Crowley’s Port Everglades, Florida terminal.

There are signs potential negative effects of the new alliances on transshipment and tariffs may be overstated, according to the CEO of HPH Trust.

Yang Ming has managed to beat the market on the trans-Pacific eastbound in the first quarter as the carrier tries to restore shipper confidence following its recent share trading suspension.

There is not yet any resolution to the Shanghai congestion, but vessel berthing delays are showing a slight improvement.

Spot rates in eastbound Pacific basically flat last week.

The upside is that spot freight rates likely will stabilize.