Boxships with a capacity of 26,000 TEU may be viable: industry opinion

Building 26,000-TEUers is possible, though ship size eventually reaches a point of diminishing returns and especially on shuttle services between two ports. An opinion expressed in Maritime Executive of Fort Lauderdale indicated that such supersize ships would be too big to sail through the new, expanded Suez Canal and would…

IAG profit up 9.7pc to US$1 billion, but IAG Cargo earnings fall 7pc

INTERNATIONAL Consolidated Airlines Group's (IAG) third quarter net profit increased 9.7 per cent year on year to EUR930 million (US$1 billion) drawn on revenues of EUR6.5 billion, down four per cent. Meanwhile, IAG Cargo reported third quarter revenue of EUR240 million, down seven per cent year on year. IAG encompasses…

FMC approval allows OCEAN Alliance to be operational this week

The US Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, FMC Agreement No 012426, allowing it to operate this week from October 24. Today's announcement follows an FMC review that examined the alliance to assure competition would not suffer, reported the American Journal of Transportation.…