Drewry: Japanese Merger Could Spark Second Wave of M&As
Driven by the need to stop the cost competitive advantage of the bigger lines growing, a second, smaller wave of mergers and acquisitions involving medium-sized container carriers is a high probability… Read More
THE Alliance Unveils Services Network
The members of THE Alliance have revealed plans to deploy a fleet of more than 240 ships covering 31 services in the Asia/Europe, North Atlantic and Trans-Pacific trade lanes including the Middle East and the Arabian Gulf/Red Sea starting from April 2017… Read More
BIMCO: Boxship Demolition Reaches All Time High
The containership demolition has reached its all time high as it surpassed 500,000 TEU, providing a positive surprise for the struggling container shipping industry, according to BIMCO… Read More
UK Detains Five Foreign Flagged Vessels in October 2016
UK’s Maritime and Coastguard Agency (MCA) has revealed that five new vessels were detained in the country’s ports during October 2016 after failing Port State Control (PSC) inspection… Read More
MSI: Container Shipping Industry Still under Pressure
Whilst freight rates have improved marginally from the extreme lows seen over the middle of the year, the entire container shipping industry remains under significant pressure, according to Maritime Strategies International… Read More
World Maritime News Staff