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Port operator Cosco Pacific handled higher container volumes globally in the first five months of this year, backed by strong throughput growth at terminals in East Asia's southeast coast.
Hong Kong port's container throughput continued to slide in May, falling 10.5% to 1.84m teu from 2.06m teu in the same period the year before.
MOL has contracted a salvage company and is proceeding to rescue the cargo and hulls of stricken MOL Comfort after the containership split into two on the Indian Ocean due…
As it launches the first of its Triple-E class mega-containerships, AP Moller-Maersk will pay about $100m less than expected for its overall order of 20 ships from Daewoo Shipbuilding &…
Taiwan's biggest container line Evergreen Marine Corp aims to return to the black, or at least break even, by implementing cost control measures and seizing opportunities to raise freight rates,…
Nicaragua National Assembly has given final ratification of its agreement with HKND Group to develop a new canal in the country.
The outlook for the global shipping market will remain grim over the next 12-18 months as the supply of ships will likely continue to outstrip demand in most shipping services,…
Container lines Nippon Yusen Kaisha (NYK), Evergreen Marine and Simatech Shipping will jointly introduce a new West Asia service, the Bengal Arabian Service (BAS), from 27 June.
Hamburg Süd will launch a new South Africa – Argentina/Brazil (SABR) service from July 2013 in cooperation with Nile Dutch.
As the 1 July rate increase date approaches on the Far East-Europe trade, forward rates suggest that lines may only achieve half of their proposed rate rises, according to Alphaliner.
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