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Maritime News

The idle container ship fleet likely will stick at its current four-year low as ocean carriers are reluctant to pull services during the slack winter season, according to Alphaliner. The jobless fleet has remained largely unchanged over the past two weeks, with 114 ships with an aggregate capacity of 211,600 20-foot-equivalent...
HONG KONG — Growing international trade and rising container volumes and revenue during the third quarter was reflected in the financial results of China’s top two carriers — China Shipping Container Lines (CSCL) and China Cosco. The improved financial result during the July through September period lifted CSCL into profitability for...
Revenue gained through Suez Canal tolls in September rose 6.3 percent year-over-year but fell 8 percent from August, suggesting freight growth on the Egyptian waterway might be slowing. Peak containers shipping season to feed U.S. and European retailers ahead of the winter holidays is showing signs of fading, potentially explaining the...
KANSAS CITY — Collaboration, an old word in supply chain management, is new again, as U.S. shippers struggle with systemic capacity shortages from West Coast ports to Midwestern truck terminals that threaten inland distribution as the holiday season approaches. “When we talk to customers this year, the topic of conversation is how do...
Shanghai Containerized Freight Index spot rates from Asia to Europe continued a downward spiral this week, sinking below the $700 per 20-foot container mark to $697 per TEU. In the 12 weeks since Aug. 1, the spot rate has dropped 52 percent or $758 per container. The rates are not just...

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