More than 100 neopanamax ships have already made reservations to transit the waterway's new larger locks following the historic inauguration and first voyage, according to the Panama Canal Administration.
The European Union competition watchdog said a trustee will monitor both companies to ensure there is no information sharing between the Ocean3 and G6 ocean carrier alliances, of which CMA CGM and Neptune Orient Lines subsidiary APL are currently members.
Scales currently used to comply with federal and state laws are acceptable for complying with the new International Maritime Organization container weight regulations due to go into effect July 1, according to the U.S. Coast Guard.
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The Baltic Exchange's main ocean freight index rose for the twelfth consecutive trading session Wednesday thanks to higher rates for panamax, supramax and handysize dry bulk vessels.
Meanwhile, a global survey from the London-based Federation of National Associations of Ship Brokers and Agents finds many countries have failed to take action at national level to ensure the IMO container weight requirement can be met.
There’s reason to hope that spring has arrived for the ocean freight industry, with one measure of the demand side rebounding from a record low, but the supply side is still a “horror show,” according to Bloomberg commodities columnist David Fickling.