Source: Maritime News A new player on the container shipping market has been established this year -Awilco Containers AS. The latest market entrant is a wholly-owned subsidiary of Norwegian shipping company Awilco AS….
Source : JOC News German liner shipping company Hapag-Lloyd has sold three of its older containerships which were owned by United Arab Shipping Company (UASC) prior to the merger of the duo…
Shipping confidence reached its highest rating in the past three years in the three months to end-August 2017, according to the latest Shipping Confidence Survey from Moore Stephens. The average confidence level…
Source : Air Cargo News Speaking on condition of anonymity, the head of cargo at one carrier revealed to Air Cargo News that his company is taking steps to prepare for direct engagement…
Source: Loadstar The Shanghai Containerized Freight Index (SCFI) slumped a further 5% this week to a composite rate of $735.91 per teu as spot rates surprisingly came under pressure ahead of…
Source: Loadstar Analysts have raised concerns over another bout of overcapacity, following the latest orders for ULCVs, by CMA CGM and MSC. These orders are on top of the expected delivery over the next…
Source : NT Publishers For two months, Seatrade chartered container ship ‘Kea Trader’ has been stuck on a reef near New Caledonia. With a helicopter, more than 300 containers have been…
Source Drewry Carriers’ lack of success implementing spot market freight rate increases in September is less worrying than it appears, according to shipping consultancy Drewry. As lines managed to tame some…
Source: Maritime News THE Alliance is establishing a USD 50 million insolvency contingency fund to ensure smooth cargo flow in the event of another ocean carrier bankruptcy or catastrophic failure. The parties to…
Source : Mike Wacket With the first anniversary of the Hanjin Shipping bankruptcy just passed, there are growing fears that ocean carriers are sliding towards a new freight rate war. There…