Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 170 percent to $732 per 20-foot container (TEU) in the week ended on Friday,
An energy market rout has ravaged fortunes from Texas to North Dakota and hit thousands of small investors, but some tycoons are still coining it in thanks to a
The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance.
The following statement was released by the rating agency:
Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address
An agitated sea has blocked the entrance to Brazil's largest port of Santos, preventing ships from entering or leaving for more than 12 hours during peak soy export season.
There’s a unique new artwork on display at one of Manhattan’s best-known cultural hubs, and it was GAC that delivered it from Europe to the Big Apple.
Van Gogh’s Ear,
* Maersk Line will introduce a simplified process for obtaining the Landing Certificates from May 1st , 2016
* Maersk line waives off the Landing Certificate fee of INR 1000
Hanjin's debts at 5.6 trln won at end 2015; company has been squeezed by low shipping margins.
South Korea's Hanjin Shipping Co Ltd will ask creditor banks to restructure its debt,
Venezuelan state agencies have run up close to $1 billion in debts with shipping firms due to delays in returning containers, potentially boosting the cost of importing
Amid speculation that Hyundai Merchant Marine Co. (HMM) may go into court receivership, the financial authorities and creditors will try to make it a subsidiary of Korea Development Bank (KDB).
Maersk Line says its alliance with MSC unaffected by Asia-focused vessel sharing deal by other rivals Maersk Line says welcomes consolidation in container industry and will help cut costs.
Hapag-Lloyd is in talks to merge with rival United Arab Shipping Company (UASC), the German container shipping group said on Thursday, confirming an earlier report.
EU approval conditional on NOL pulling out from G6 alliance.
French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines is set to be cleared
Kalmar, part of Cargotec, has secured an order for nine diesel-electric straddle carriers from the leading European port and transport logistics group Hamburger Hafen und Logistik AG (HHLA).
South Carolina Ports Authority (SCPA) reported a 3.8 percent increase in twenty foot-equivalent unit (TEU) volume fiscal year to date, with 1.45 million TEUs handled since the period began in July.
The South Carolina Ports Authority announced plans to pursue a second inland port facility, driven by the success of Inland Port Greer and demand for enhanced efficiency
The Port of Rotterdam handled roughly the same volume of cargo in the first quarter of 2016 as in the same period last year, as an increase in the volume of, mainly,
The Danish Maritime Authority has – in cooperation with a number of business organisations – drawn up three short guidelines on the regulations on the determination
Shipping freight rates for transporting containers from ports in Asia to Northern Europe have plummeted 78 percent this year, after posting another drop this week,
Cargo shipments at the Port of Long Beach were up 6.1 percent for the first three months of 2016 compared to the same period last year, starting the year off strongly.