Rates from Shanghai to Europe declined 4.7 percent since last week, from $859 per TEU to $819 per TEU, while rates from Shanghai to the Mediterranean fell 4.3 percent, from $838 per TEU to $802 per TEU.
Somali Pirates release tanker, crew without ransom
Four people were reportedly hurt in gun battle that ensued when a boat tried to provide a small bunkering tanker with supplies.
SCPA records strong growth in container volumes
The port authority has experienced an increase in container volumes, while inland ports have also shown promise, between the port authority breaking ground on Inland Port Dillon and increased rail moves at Inland Port Greer.
Browz initiates compliance program for short line railroads
The compliance solutions company has created a program that will enable rail lines and contractors to achieve compliance to the FRA Part 219 requirements long before the deadline.
U.K. port volumes slide 3% in 2016
Major seaports in the United Kingdom handled 117.2 million metric tons of freight in the fourth quarter of 2016 and 473.5 million metric tons for the full year, according to preliminary figures released by the U.K. Department for Transport.
Does SM Line have its timing right?
Ocean carriers entering the market in 2010 and 2011 had a tough time, but SM Line said it believes it is timing its entrance into the transpacific market well, noting how freight rates are improving.
Pacific Harbor Line tests low emissions locomotive
The short line railroad, which serves the ports of Los Angeles and Long Beach, is testing locomotives to verify compliance with EPA Tier 4 standards.
Euronav’s profits, revenues sink in 2016
The Antwerp-based independent tanker company recorded a $204 million profit on revenues of $684.3 million for 2016, year-over-year declines of 41.8 percent and 19.2 percent, respectively.
Panama Canal to launch vessel scheduling system
The system will utilize algorithms and integrate canal operations to shorten vessel waiting times and improve reliability.
Report: OOCL charters eight large boxships in lead up to OCEAN Alliance launch
In addition, Hong Kong-based Orient Overseas Container Line is scheduled to receive a series of 20,000-TEU ships later this year.