Freight rate indices are sending mixed messages but most of the latest indicators show a steady decline in rates as lines and shippers negotiate annual contracts on the transpacific.
Nearly a month after the collapse of the Key Bridge in Baltimore city, lawyers have fired back at Dali owners Grace Ocean and Synergy Marine, filing a lawsuit that claims the companies were negligent.
IMO secretary general Arsenio Dominguez called for the release of the crews of Galaxy Leader and MSC Aries in his opening remarks to the IMO Legal Committee meeting.
Pacific International Lines (PIL) has introduced two revamped weekly direct services, connecting key ports in China, Singapore, with Brazil, Argentina, and Uruguay.