With capacity in the ocean carrier industry continuing to outstrip demand levels, many are left wondering what carrier is next in line for a merger or acquisition.
Drewry calls some alliance port choices ‘illogical’
The London-based shipping research and consulting firm has examined the correlation between carrier terminal ownership and the choice of port calls by the 2M Alliance, and the upcoming alliances in April.
New Paulsboro Marine Terminal receives first ship
The Doric Warrior, a 93,115-dwt bulk carrier, delivered steel slabs from Tuapse, Russia on the Black Sea to the new Paulsboro Marine Terminal along the Delaware River on Thursday.
Discharge of cargo delayed in Honolulu
Members of the International Longshore and Warehouse Union had failed to report for work to unload a Pasha ship in Hawaii.
OOCL, Diana Containerships sign time charter agreement
The Hong Kong-based ocean carrier will charter a 5,576-TEU vessel from Diana Containerships starting April 8.
Report: IMO sulphur cap could cost carriers billions
The International Maritime Organization’s 0.5 percent sulphur cap regulation, set to go into force in 2020, could cause shipping industry fuel costs to jump by as much as $60 billion annually, according to a recent report from Wood Mackenzie.
Panalpina profits plummet in ‘challenging’ 2016
Consolidated net profits for the year dropped 40.7 percent to 52.3 million Swiss francs compared with the previous year as tight peak season airfreight capacity and the collapse of South Korean ocean carrier Hanjin Shipping put pressure on margins.
TIACA committee calls for change in supply chain
The Shippers’ Advisory Committee said change is needed, and that all sectors of the air cargo supply chain industry must work together to drive the adoption of new technology and greater transparency.
Commentary: What now? U.S. trade without TPP
Taneli Ruda, head of ONESOURCE Global Trade, has analyzed whether the Trans-Pacific Partnership is likely to move forward without the United States, and what approach the Trump administration will take on trade in general.
ZIM records profit of $4.6m for Q4 2016
The Israeli ocean carrier’s revenues for the fourth quarter of 2016 totaled $653.5 million, down from $687 million for the fourth quarter of 2015.