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• US Coast Guard, World Shipping Council work to clear up SOLAS confusion

  Time: 2016-03-09 | Publisher: glafamily

  

  WASHINGTON — The U.S. Coast Guard has said it is communicating with the largest global container line group in an effort to hash out the details behind a controversial new container weight rule set to take effect in just 116 days.The news that the two are communicating just days after the World Shipp...
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• Asia-Europe container spot rates near all-time low

  Time: 2016-03-08 | Publisher: glafamily

  

  Ocean container spot freight rates on the Asia-North Europe trade closed in on its all-time low, declining almost 10 percent this week on the world’s largest shipping route.The rate to ship a 20-foot container from Shanghai to Rotterdam fell $26 this week to $231, the second-lowest level since the Shanghai Containerized Freight...
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• Hyundai, Hanjin have a better chance of surviving together, Drewry says

  Time: 2016-03-07 | Publisher: glafamily

  

  Hyundai Merchant Marine and Hanjin Shipping would stand a better chance of surviving their crushing debts if the carriers were merged, something that Drewry believes is now a distinct possibility.The London-based analyst said in its Container Insight Weekly previous merger talks between HMM and Hanj...
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• Chinese New Year keeps trans-Pacific rates depressed

  Time: 2016-03-06 | Publisher: glafamily

  

  The spot rate for shipping a 40-foot container from Shanghai to the U.S. West Coast plunged below $1,000 this week to $884 in a normal seasonal move associated with the Chinese New Year celebrations in Asia. However, the drop was compounded by the overcapacity problem in the trans-Pacific.The rate on all-water services f...
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• Hapag-Lloyd seeks more oversize cargo

  Time: 2016-03-05 | Publisher: glafamily

  

  Hapag-Lloyd plans to more aggressively seek shipments too large or heavy to fit into standard containers, and has established teams in Asia and the Americas to focus on oversize cargo.“Hapag-Lloyd has many years of experience in this attractive segment. We are well-known and renowned for our expertise. Now we intend to reach...
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• UASC upgrades India service network

  Time: 2016-03-04 | Publisher: glafamily

  

  United Arab Shipping Co. this week issued two trade notices enhancing its coverage on trades to and from India.The Middle East-based carrier set up a cooperation arrangement with CMA CGM to buy slots on the French carrier’s Indamex service between the Indian subcontinent and the U.S. East Coast.The sl...
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• Suez Canal tonnage, ship calls off to weak 2016 start

  Time: 2016-03-03 | Publisher: glafamily

  

  Container and bulk ships transiting the Suez Canal fell in both number and tonnage terms in January, continuing a trend of declining traffic that gained momentum in the second half of last year.The number of container ships transiting the canal fell 9 percent in January, from 513 to 467, compared with the same month the previous yea...
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• Mega-ships bring mega-risks, former ship captains tell TPM

  Time: 2016-03-03 | Publisher: glafamily

  

  LONG BEACH, California — Shipping lines may appreciate cost savings from so-called mega-ships, but for those who sail them, bigger ships can mean bigger risks.“With a 19,000-TEU (20-foot-equivalent unit) vessel, we’re looking at a potential $1 billion loss, if a ship is lost 80 percent laden,” Capt. Andrew Kinse...
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