Neptune Orient Lines (NOL) return to the black in Q2 has proved to be short-lived with it reporting a $96m net loss for the third quarter.

Container carrier APL has agreed to pay $9.8m to the US government to resolve allegations that it violated the False Claims Act, according to the US Justice Department.

Container carrier APL will launch a new fortnightly US-flagged service to Guam and Saipan, connecting with another new soon-to-start Eagle Express Service (EX1) in Japan’s Yokohama.

Container carrier APL will launch a weekly US-flagged service to connect key markets in North Asia with the US West Coast, as well as serve the US inland regions via rail.

While the El Nino effect this year has had an impact on global reefer trade flows, it has not been completely negative. Shortage of supply of bananas from the Philippines for example has led to Asian importers sourcing from Latin America instead...

The common denominator behind the improved performances of liner companies in the current reporting period has been the sharp drop in bunker prices. This has made up for the drops in revenue per teu they have experienced.

The International Chamber of Shipping (ICS) has called Egypt’s achievement in completing work on the New Suez Canal Expansion on schedule and inside one year ‘astonishing.’

Given the massive drop in Asia – Europe spot container freight rates in recent months APL says contract customers are seeking to re-negotiate previous agreed levels.

Neptune Orient Lines (NOL) narrowly returned to the black in the second quarter net profit of $3m, excluding the gain from the sale of APL Logistics.

Global Container Terminals USA welcomed the maiden call of APL and SeaLand's new North-South NAE/ACX service to GCT New York on 28 June.