Retailers, manufacturers and farmers worldwide are protesting a new marine shipping safety rule they say will raise transport costs and cause delays at ports worldwide.
Wallenius Wilhelmsen Logistics (WWL), a provider of roll-on/roll-off shipping and related logistics services, is increasing frequency and capacity in its service from Europe to the U.S. West Coast.
The gloomy outlook for the dry bulk shipping market continues to afflict shipowners, and the market is not expected to return to profitability before 2017, according to the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
In future conflicts, America's merchant fleet could find itself outnumbered and outmaneuvered on the high seas, say the authors of a new paper on U.S. maritime security.
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period.
Severe shipyard overcapacity in China has prompted the National Development and Report Commission's Jiangsu province to cancel work on 23 projects. The projects included construction of new docks, offshore vessels, facility conversion projects and additional expansions.