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HMM and SM Line are reportedly expanding their shipping services from South Korea to the U.S. and Europe in response to a request from the South Korean government. That’s at least the second time HMM has done so after extending temporary services last October, though since then there ... Read more →
Seaboard Marine is extending its U.S.-Central America container-line services include a New York to El Salvador, Guatemala, Honduras and Nicaragua routing. The move may be an attempt to shore up growth. Seaboard’s U.S.-inbound shipping volumes fell 5.1% year over year in the three mon... Read more →
The U.S. seaport sector continues to be roiled by financial restructuring, with two Singaporean investments made in the past few days. PSA International acquired a series of assets from Macquarie including Penn Terminals. The largest users of that asset include ICL, Seaboard Marine and Crow... Read more →
The global shipping industry is going through a period of major upheaval, but business as usual must still continue. Only five of the top 25 shippers on U.S.-bound routes saw a drop in volumes handled on a year earlier in November. There was some evidence of a flight to safety, with Maersk ... Read more →
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