Skyrocketing Containership Rates Draw EU Scrutiny
By Aoife White (Bloomberg) Container shipping’s surging rates are getting scrutiny by the European Union, adding to a U.S. call for more competition among
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
By Aoife White (Bloomberg) Container shipping’s surging rates are getting scrutiny by the European Union, adding to a U.S. call for more competition among
By Mike Wackett (The Loadstar) – Cosco subsidiary Orient Overseas (International) Q2 figures from its container arm, OOCL, give an early indication of
By Brendan Murray (Bloomberg) — President Joe Biden’s targeting of shipping lines in a crackdown on uncompetitive industries should be welcome
Strong consumer demand is continuing to drive double-digit growth of imports at the nation’s top container ports now a year since the economic recovery
President Biden signed a wide-ranging executive order on Friday directing over a dozen federal agencies to take action to promote competition in the American
Cargo volumes through the Port of Long Beach remained strong in June but showed signs of leveling off as retail spending cooled down and consumers warmed up to
By Mike Wackett (The Loadstar) – Ocean carriers have sucked dry the sale and purchase containership market, outbidding one another to acquire tonnage
By David Shepardson WASHINGTON, July 8 (Reuters) – President Joe Biden will soon order U.S. transportation agencies to crack down on anti-competitive
By Tarek El-Tablawy, Mirette Magdy and Abdel Latif Wahba (Bloomberg) — For a nation that provides safe passage for so many ships through its waters,
By Fabiana Batista (Bloomberg) — Sugar refineries waiting for sky-high shipping rates to ease before locking in purchases may find that supplies tighten
By Marcy Nicholson and Natalie Obiko Pearson (Bloomberg) — Hundreds of rail cars have been halted by wildfires that damaged tracks in western Canada
Captain Kara was stuck in Egypt for more than a year as a court-appointed legal guardian of the bulk carrier MV Kenan Mete. A Turkish ship captain is heading
By Mike Wackett (The Loadstar) – Ocean carriers could be on course to make a profit of $100bn this year. And Drewry says their medium-term
JERUSALEM/DUBAI (Reuters) – Israeli defense officials were checking whether Iranian forces were behind a possible attack on a cargo ship under partial
SMAILIA, July 6 (Reuters) – An Egyptian court has lifted the detention order on the Ever Given container ship, allowing its expected release from the
By Jeff Kearns (Bloomberg) — Elsa, the first hurricane of the 2021 Atlantic storm season, is bearing down on the Caribbean as extreme weather continues
The U.S. Coast Guard and its partner agencies are kicking off a national campaign this Fourth of July weekend aimed at preventing accidents and fatalities due
Greek containership owner Danaos (NYSE: DAC) has exercised its option to acquire the remaining 51% equity in its joint venture Gemini Shipholdings Corporation.
By Nick Savvides (The Loadstar) – A doubling of detention and demurrage charges (D&D) during the pandemic has resulted in complaints across the US,
By Augusta Saraiva and Eric Martin (Bloomberg) — The U.S. trade gap widened in May to the second-largest on record as imports increased faster than
Join the 96,913 members that receive our newsletter.
Have a news tip? Let us know.Maritime and offshore news trusted by our 96,913 members delivered daily straight to your inbox.