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Maritime News

Even at lower rates of growth in container volumes globally, ports will still have to absorb hundreds of millions of additional TEUs over the next decade, a challenge for marine terminals over and above the painful transition to an era of big ships. Brushing aside a frequent theme in container shipping...
The international shipping industry is only spending 0.1 percent less on bunker fuel than it was 24-weeks ago, but that fluctuation equates to big savings: $117 million daily. The industry-wide usage of bunker fuel sits at 257 million tons a day, a figure that cost ship operators about $149.5 billion a...
Four carriers today joined Mediterranean Shipping Co. in announcing congestion surcharges on cargo heading from Asia to U.S. West Coast ports. Carriers’ push to implement surcharges ranging from $800 to $1,000 per 40-foot container on shipments at the port of origin starting Nov. 26 comes just days after at least nine...
With the violence in Iraq and Syria capturing the global attention, one could not be blamed for assuming a state of calm in Egypt – at least in relative terms – in recent months. After all, the shaky leadership of Mohamed Morsi had come to an end in 2013, with...
Full-size imageHONG KONG — Spot rates on the Asia-Europe trade plunged 13.4 percent this week to $809 per 20-foot container, the third straight week of heavy declines since the Nov. 1 general rate increases failed to stick, according to the latest reading of the Shanghai Containerised Freight Index (SCFI). After surging...

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