CMA CGM Narrows $2,000 South America Surcharge to Contract Cargo
CMA CGM will keep a $2,000 peak season surcharge on dry containers from India's west coast, Pakistan and Sri Lanka to South America's east coast, but limit it to long-term contracts from September.
Maersk Approaches Its Fleet Limits as Utilisation Hits 96%
Maersk chief executive Vincent Clerc says demand resilience has pushed vessel utilisation to 96% and second-quarter ocean volumes up 4.1%, forcing a reassessment of fleet expansion.
MSC Files New Far East-Africa Rates for September as Demand Firms
MSC has filed new freight-all-kinds rates on Far East-Sub-Saharan Africa and Indian Ocean trades for 1-14 September, ranging up to $8,000 per 40-foot container to Somalia.
A 23-Year-Old VLCC Changes Hands at $57m as Vintage Tanker Values Surge
The 2003-built, 300,000 dwt VLCC Hellstugutinden has been sold for a reported $57m, an unusual valuation for a tanker entering its twenty-fourth year.
Baltic Dry Index Snaps Two-Session Slide as Capesize Earnings Climb
The Baltic Exchange's main dry bulk index rose 15 points to 2,791 as capesize gains outweighed a weakening panamax market and softer iron ore futures.
Taiwanese Line Nearly Doubles Quarterly Profit As Margins Recover
A Taiwanese container line has almost doubled its attributable second-quarter profit from the preceding three months, reaching 16.03 billion New Taiwan dollars, equivalent to about 499 million United States dollars.
Korean Container Line Holds A Ten Percent Operating Margin
A South Korean container carrier has reported first-half revenue of 6.121 trillion won with an operating profit of 623 billion won and net profit of 765 billion won, giving an operating margin of 10.2 per cent for the six months.
Freight For A Single Gulf Voyage Reaches Twenty-Five Million Dollars
A single voyage carrying about two million barrels of crude out of the Gulf has been fixed at a freight level implying a bill of roughly twenty-three to twenty-five million dollars, against something closer to two million dollars for
Freight For A Single Gulf Voyage Reaches Twenty-Five Million Dollars
A single voyage carrying about two million barrels of crude out of the Gulf has been fixed at a freight level implying a bill of roughly twenty-three to twenty-five million dollars, against something closer to two million dollars for
Maersk goes from red to black
A.P. Moller-Maersk has sharply upgraded its guidance, now expecting an underlying operating profit of $2bn to $4bn this year, the clearest sign yet that 2026 is shaping up as another profitable year for container shipping.
Container spot rates fall for a third week as front-loading ends
Global container spot rates declined for a third consecutive week, with weakening demand and the end of the front-loading surge weighing on the major east-west trades.
Hapag-Lloyd to raise North Europe-US rates by up to $800 from August
Hapag-Lloyd will raise freight rates on shipments from Northern Europe to the United States by up to $800 per box from August.
Drewry container index jumps 9% on transpacific and Asia-Europe gains
Drewry's World Container Index rose 9% to $4,530 per 40ft box as transpacific and Asia-Europe rates jumped on tight capacity.
Shippers may have overpaid fuel surcharges on transpacific route
Shippers on the Far East to US West Coast route may have paid up to $475 per teu more than actual fuel costs in April and May, according to new analysis.
Never miss a move
Maritime, in motion. In your inbox.
The vessel sales, incidents, and market moves worth knowing, sent as they happen.