Maritime

DOT and MarAd are moving on a new database aimed at preventing vessel collisions.

Investors in Danaos thought they were buying a container shipping stock. Now they’re invested in dry bulk, too.

After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.

Mediterranean Shipping Co., the largest ocean carrier in the world, is expanding its fledgling air cargo airline with an acquisition.

Despite upgrading its full-year outlook, container shipping giant Maersk no longer sees a second-half demand rebound.

The day after CEO Dave Bozeman’s first call with analysts, they weighed in on the company’s outlook.

Asian demand for propane continues to build, as does US supply, equating to booming business for LPG tanker owners in the middle.

Shipping lines are seeing higher cargo volumes and successfully integrating newly built vessels into their fleets, says Textainer’s CEO.

Requiring container ship operators to file an export policy would be too costly — and unlawful as well, carriers tell regulators.

“It is extremely difficult to announce a reasonable business forecast at this time,” said ONE, citing container shipping market uncertainties.

Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines.

Despite ongoing controversy over shareholder treatment, analyst Michael Webber says shipping is doing a better job.

Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.

Cargo volumes were a mixed bag for Gulf Coast ports in June, with Houston reporting container declines, while crude oil shipments boosted Corpus Christi.

A decline in loaded import volumes pulled the Georgia Ports Authority’s overall 2023 volumes lower.

After rapidly expanding its fleet during the boom, ocean carrier Zim is backpedaling and shedding ships.

Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.

Expectations for peak season have waned, but container lines may have bounced off the bottom.

Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.

Mediterranean Shipping Co. is part of a new breed of ocean carriers trying their hand as cargo airlines.