After a steady diet of stories in the maritime trade press about shipping companies teetering on the verge of insolvency, it was refreshing to read the latest news from Neptune Orient Line (Lloyd’s List, Sept. 2). The Singapore-based shipowner reported…
What if the predictions of economic recovery are wrong? Clay Maitland takes a hard look at the prospects for the future, and it's not necessarily a pretty picture. I commend to your attention the article posted earlier this month by…
More sad faces at major container lines. Hapag-Lloyd blames soaring fuel costs for 2nd quarter loss. Bloomberg today reported that Hapag-Lloyd AG, Europe's fourth-largest container line, reported a second-quarter loss after soaring fuel costs offset modest improvements in freight rates…