Container capacity on the Transpacific route would remain unchanged this year as shipping lines currently do not plan any increases, according to Alphaliner.
The carriers’ cautious approach marks the first time since 2009 that no new transpacific services are to be introduced on the route in the transpacific contract season, which starts on May 1, for the summer’s peak shipping season.
Alphaliner said that Transpacific cargo volumes are expected to [...]
Dubai-based port operator DP World expressed its optimism about future performance despite international trade tensions, as it delivered a 10.2% rise in profit in 2018.
“Current year has started with trading in line with expectations and whilst the near-term outlook remains uncertain with the trade war and geopolitical headwinds, we expect our portfolio to remain resilient and see increased contributions from our recent acquisitions and investments,”Sultan Ahmed Bin Sulayem, DP [...]
A number of companies have recently joined The Clean Shipping Alliance 2020 (CSA 2020), increasing the organisation’s membership to 35 shipowners operating a combined fleet of almost 2,500 vessels.
Norwegian/Swedish shipping company Wallenius Wilhelmsen is the latest shipowner to join the alliance. Other companies that have recently joined include Hammonia Reederei, International Seaways, Chandris (Hellas) and Genco Shipping & Trading.
Wallenius Wilhelmsen operates a fleet of about 130 vessels, of which [...]
The International Labour Organization (ILO) unveiled a plan to make the maritime profession more attractive and accessible to young and women seafarers only days ahead of the International Women’s Day 2019.
In a roadmap that was agreed at the event in Geneva, Switzerland, which took place from February 25 to March 1, representatives from more than 40 countries in addition to social partners further identified ways of addressing the gap in recruitment [...]
Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license
The U.S. Department of Justice has closed a two-year investigation into alleged price fixing by a group of major container shipping lines.
The investigation, which was unveiled in March 2017, was closed without filing charges or imposing fines. The process started when U.S. officials walked into a meeting of the industry’s 20 biggest companies and handed out subpoenas to top executives at several companies, including Danish giant Maersk, Swiss Mediterranean Shipping Company [...]