Surplus of 8,000-10,000 TEU vessels looms with rash of newbuild orders

A cascade of ocean vessels between 8,000 and 10,000 twenty-foot equivalent units…

Maritime trade rose in 2012, but ships’ profits crimped by low rates

Seaborne trade increase and new ship deliveries slowed in 2012, but these…

More mergers, alliances planned to challenge P3

There are more planned cooperative endeavors being announced by some of the biggest…

Asian air cargo downtrend reverses with 2% growth

Asia-Pacific airlines posted a marginal but significant improvement in airfreight volume in…

FMC sets date for P3 regulatory summit with EU, China

The Federal Maritime Commission (FMC), the US shipping regulatory body, announced it…

Singapore appoints new MPA chief executive

The Maritime and Port Authority of Singapore (MPA) has named Andrew Tan…

G6 Alliance to extend reach to WCNA, trans-Atlantic trade lanes

The G6 Alliance said on December 3 it plans to expand to…

‘K’ Line to open Myanmar office

Japan’s Kawasaki Kisen Kaisha (“K” Line) intends to open a new subsidiary…

South Korea forms consultative body to aid logistics firms

South Korea’s Ministry of Land, Infrastructure and Transport (MOLIT) and Ministry of…

Maersk sets trans-Pacific rate hikes

Container shipping group Maersk Line announced the implementation of two general rate increases…