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Shipping

Shipping News

Volume growth steady for US ports US ports are positioned for another solid year of growth, though the Trump administration’s evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings …

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Shipping

Shipping News

Mexican port posts historic high volume Mexican major port container volume increased 12.2 percent year on year to 6,375,338 million TEU in 2017 for the first time in history, according to Mexico’s Secretariat of Communications and Transportation (SCT). Terminals on …

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Shipping

Shipping News

Strong capesize, panamax rates push baltic index higher The Baltic Exchange’s main sea freight index rose on Wednesday for the third straight session, supported by firmer rates for capesize and panamax vessels. The overall index, which factors in rates for …

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Shipping

Shipping News

Container market still competitive With nearly 400 different vessel operators plying their trade worldwide there is plenty of competition and potential for more M&A activity. The collapse of freight rates during the second half of last year, far out of …

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Shipping

Shipping News

NWE, Persian Gulf ULSD vessels change course on less attractive US arbitrage Vessels heading to the US and Caribbean with ultra low sulfur diesel from the Baltics and the Persian Gulf have reversed course after the arbitrage, which some sources …

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Shipping

Shipping News

Port of Shanghai again breaks record lifting its 40 millionth TEU Shanghai International Port Group reached a record breaking 40 millionth TEU crossing its Yangshan dock on December 29, making the city’s port the first and only in the world …

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Shipping

Shipping News

2018 seen tough for cargo shipping With more than 220 cargo ships scheduled for delivery in 2018, realizations of container shipping lines across the globe are expected to come under pressure next year because of oversupply. 2018 is going to …

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Shipping

Shipping News

Shipping confidence at highest level for three-and-a-half years Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months to end-November 2017. The average confidence level expressed by respondents was unchanged at the level …

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Shipping

Shipping News

Largest automated container terminal in Shanghai China started trial operations of the world’s biggest automated container terminal, the Shanghai Yangshan Deep Water Port, in eastern China, on Sunday (Dec 10), Chinese official media reported. Located at the south of Donghai …

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Shipping

Shipping News

EUROPE BILLIONAIRES IN SHIPPING SPENDING SPREE A shopping spree by two European billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity. Jacques Saade’s CMA CGM SA, the world’s third-largest container line, announced an …

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