The EU has ruled that container lines cannot be make general rate increases (GRIs) more than 31 days in advance, with companies bound by the maximum rate level for period of announcement.
MSC has added a call at DP World-operated London Gateway on its Australia Express Service, making the new fastest direct connection between UK and Australia, according to MSC.
Mitsui OSK Lines (MOL), Mediterranean Shipping Company (MSC) and Maersk Line have signed a vessel sharing agreement (VSA) for Asia-South American East Coast trades.
The rapid rise of the mega-containership of 18,000 teu and above has radically altered the landscape of mainline container shipping.
The Saudi Ports Authority's flagship facility, Jeddah Islamic Port (JIP), will retender concessions to its north and south terminals in around 2017, its top official tells Seatrade Global.