Spot rates on the Asia-US west coast trade surge to $2,503 per feu as rates to the US east coast from Asia track 50% above last year, but rate rot prolongs for Asia-Europe carriers

Spot rates on the transpacific are currently up by more than 50% over last year, while Asia-Europe rates sit 5%-10% above 2017 levels

Alphaliner estimates container shipping's idle fleet is set to swell to more than 3% of the total operable fleet by the end of the year

Survey of 10 countries found that most have some form of legislation covering electronic contracts

BIMCO, along with paint and coating manufacturers, ship operators and companies engaged in hull cleaning hope that by the autumn of 2019 a standard for the underwater cleaning of ships’ hulls that is safe, efficient and environmentally sustainable will be in place

Mr Don is leaving the post of CEO of the Port of Milford Haven on good terms after eight years in the role

Its recent partnership with Mitsui to build large LNG carriers is an opportunity for Yangzijiang to once again demonstrate that it can do a better job than its state-owned peers

Despite higher rates, low utilisation will keep time-charter rates subdued for the remainder of 2018

An uptick in exports from China to the US ahead of the imposition of further tariffs looks likely to be short-lived

BIMCO, along with paint and coating manufacturers, ship operators and companies engaged in hull cleaning hope that by the autumn of 2019 a standard for the underwater cleaning of ships’ hulls that is safe, efficient and environmentally sustainable will be in place

Demand growth and rates seen sliding back by end of the year however as tariffs finally kick in

The USMCA, the agreement replacing Nafta, gives the US the power to deem a third party a currency manipulator and veto the trade agreements of the agreement’s co-signers, Mexico and Canada