The CMA CGM group has joined with China Shipping Container Lines (CSCL) and United Arab Shipping Co. (UASC) in a new container service arrangement known as Ocean Three.
Total cargo shipments on the St. Lawrence Seaway have now surpassed 2013 levels despite one of the most difficult starts to the shipping season in years due to ice coverage. According to Seaway figures, total cargo tonnage from March 25 to August 31 reached 20 million metric tons, up 3 percent over the same period last year.
A vote for independence from the UK would have a negative effect on the Scottish shipping and offshore maritime sector, according to a survey by international accountant and shipping adviser Moore Stephens.
The International Maritime Bureau (IMB) is calling for vigilance in the maritime sector as it emerges that shipping and the supply chain is the "next playground for hackers."
The number of container ships afloat has decreased in the first half of 2014 and could fall on an annual basis this year, for the first time in at least 20 years. Although the total TEU nominal capacity of the global fleet continues to increase by about 6 percent a year, this growth in capacity now comes solely from the increase in average ship size, not from having more ships.
Ports America is purchasing a 30-percent stake in International Transportation Service Inc., a terminal operating division of Japan's Kawasaki Kisen Kaisha, Ltd. ("K" Line) in Long Beach, Calif.
Reefer capacity on the containership fleet is expected to increase by 22 percent over the next five years, at the expense of a declining specialized reefer fleet, according to Drewry's latest Reefer Shipping Market Annual Review & Forecast.
Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multibillion-dollar project to expand trade along the fastest shipping route between Europe and Asia.
Evergreen Line has enhanced its ocean container services to and from Dublin, Ireland and Liverpool, England. From its hub in Rotterdam, the line will offer a twice-weekly service to Dublin, and dedicated slots on a weekly basis to Liverpool.