Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port's overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
The maritime information provider and creator of the famed Baltic Dry Index will work closely with shipbrokers and end-users to create new freight rate benchmarks and indices to be launched later this year, according to Baltic Exchange CEO Mark Jackson.
The recently formed shipowner started by investment and asset firm MPC Capital announced the acquisition of seven initial containerships on Monday, with an additional six on the way.
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The eastbound lane at Gatun locks will tentatively close for 10 days in May for dry chamber work.
The troubled Taiwanese ocean carrier will charter the YM Wind and YM Wreath from Seaspan and GCI Group, respectively, in an effort to grow its overall fleet while reducing average vessel age, Yang Ming said in a statement.
According to composite leading indicators from the Paris-based research organization, the U.S. and the UK are expected to see slower but stable growth over the next six to nine months.