News

MSC Celestino Maresca named at Italy’s largest port

"MSC Mediterranean Shipping Company, the biggest shipping company in the world, has named its newest...

China Merchants makes first Southeast Asian terminal acquisitions

"China Merchants Port has made its first investments into Southeast Asia, forking out HK$480m ($61.5...

Mersin International Port unveils US$455 million project to boost container capacity

"Mersin International Port Management (MIP), a joint venture between PSA International, Akfen and IF...

Head of Cosco's Finance & Leasing Arm Steps Down After Weak Results

"Three weeks after Cosco's shipping finance and leasing division reported a steep drop-off in profit...

AD Ports closes in on $2bn deal to buy Indonesia’s Meratus

"Fast expanding AD Ports from Abu Dhabi is tipped to be finalising a deal to buy Indonesia’s top con...

More surcharges loom for shippers as Panama Canal restrictions tighten

"French carrier CMA CGM is set to become the first major carrier to apply a new surcharge on shipmen...

Asia-Europe carriers play hardball with threats of service suspension

"Shippers on the Asia-North Europe tradelane are worried about a heightened risk to their supply cha...

Port Houston approves FY 2024 budget

"The Port Commission of the Port of Houston Authority has approved the port’s latest $745 million ca...

SSAT Terminals, LLC Brings Two Additional Super Post-Panamax Cranes to Seattle’s Terminal 5

The following release was published by Northwest Seaport Alliance:

SSA Terminals (Seattle Termi...

Global Shipping’s $3.6 Billion Carbon Bill is Just Six Weeks Away

"Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, th...

Maersk to Wind Down Operations in Syria

The following release was published by Maersk:

A.P. Moller – Maersk would like to inform you th...

Gulftainer extends partnership with Sharjah Ports for 35 years

"Ports and terminals operator Gulftainer has extended its concession agreements with the Sharjah Por...

CMA CGM finally engages in scrapping

"French ocean carrier CMA CGM is scrapping a ship for the first time since the Covid-19-fuelled cont...

UK Follows EU in Moving to End Exemption from Antitrust Rules for Carriers

"UK regulators reversed their earlier decision regarding the oversight of the container shipping seg...

Durban Warns It Could Take 15 Weeks to Clear Backlog as 60 Ships Wait

"Port officials in South Africa are reporting it is likely to take until 2024 and possibly till Febr...

US east coast ports seeing the Asia import tide turn back west

"The US west coast ports of Los Angeles and Long Beach reported strong import container throughput i...

Unifeeder launches Bremerhaven-Copenhagen service

The following release was published by Unifeeder:

We are enhancing the services connecting Cope...

ONE launches Black Sea Turkey Service (BTS)

The following release was published by ONE:

Ocean Network Express (ONE) is pleased to announce...

Port of Tema begins second phase of expansion project

"The Ghanian President, Nana Akufo-Addo, has formally opened the second phase of the Tema Port Expan...

MSC fitting carbon capture system to megamax containership

"Container line MSC is to install a carbon capture and utilisation system (CCUS) from Zhejiang Energ...

Port of Los Angeles Cargo Volume Increases for Third Consecutive Month

The following release was published by Port of Los Angeles:

For the third consecutive month, Po...

All berths open for business at Port of Savannah

The following release was published by Port of Savannah:

The Port of Savannah’s Garden City Ter...

Port of Oakland October container export volume rises

The following release was published by Port of Oakland:

The Port of Oakland October export cont...

Scrubbers have saved container shipping $12bn: Sea-Intelligence

"They might have proven to be among shipping’s most contentious pieces of equipment, but there’s no...

Heavy Rains Disrupt Cargo Movement at Port of Mombasa

"After days of heavy rains in Kenya’s coastal region, the country’s railways operator has announced...

Carriers at a critical juncture as spot market flashes red signals again

"After recording gains across the board last week, the container spot market indices are back to fla...

Port of Antwerp-Bruges prepares for Certified Pick up container handling

"The Port of Antwerp-Bruges is set to streamline its container delivery process through Certified Pi...

MAWANI maps out logistics area in Jeddah Islamic Port

"The Saudi Ports Authority (MAWANI) has signed a land lease contract for the Saudi Sales Company to...

Valenciaport once again increases its traffic in October

The following release was published by Port of Valencia:

  • Data from the Valencian Port Authori...

Container shipping – a return to ‘normal’

"Port of Los Angeles (Port of LA) Executive Director Gene Seroka provided some very useful insights...

Two Chinese shipyards share ONE’s $14.5 billion container ship orders

"Ocean Network Express (ONE), the world’s sixth largest container ship owner, has selected two Chine...

Carrier alliance analysis: Ocean Alliance expands on Asia-North Europe

"Sea-Intelligence looked at the development in capacity market shares between the three carrier alli...

Zim goes for growth with bigger newbuilds, but will need to fill them

"Israeli carrier Zim says it needs to “capture volume” as it takes delivery of 46 long-term chartere...

Idle vessel fleet set to grow as large newbuilds continue to arrive

"The surge of inactive tonnage, long-anticipated following the avalanche of new large vessels being...

DSV investors uneasy over involvement in Saudi mega-city project

"Several Danish investors in DSV have expressed environmental, social and governance (ESG) concerns...

'Feeding frenzy' over low rates must end, say forwarders

"Forwarders need to pull out of the ‘race-to-the-bottom’ on ocean rates or risk losing customers, ma...

Ningbo-Zhoushan port container volumes up 4.5% in Jan-Oct

"The Chinese port of Ningbo-Zhoushan saw both cargo throughput and container volume continue to grow...

Samskip initiates strategic expansion in Baltic Sea region launching new direct short-sea service

The following release was published by Samskip:

This new service is a direct reflection of Sams...

ZIM Reports Financial Results for the Third Quarter and the First Nine Months of 2023

The following release was published by ZIM:

  • Reported Revenues of $1,273 Million, Net Loss of...

Container shipping costs from Korea to the U.S. West Coast up 7.1 percent on-month in October

"Container shipping costs from Korea to the U.S. West Coast gained 7.1 percent on-month in October,...

MSC bolsters Italian rail position

"Mediterranean Shipping Co’s (MSC) increasing focus on European rail is gaining speed." See the orig...

CMA CGM introduces congestion surcharge in South Africa

The following release was published by CMA CGM:

We inform our customers that following the cong...

India mulls outsourcing mooring services to improve port charges for carriers

"In a significant policy modification that could spark labour pushback, the government of India is e...

South Korea Will Invest $534M to Advance Next-Generation Shipbuilding

"The South Korean government outlined its plans to invest in the future of the shipbuilding industry...

Danaos enjoys strong Q3, but sees uncertainty as liners look to cut charter costs

"Greece-based non-operating containership owner (NOO) Danaos recorded another strong result in the t...

Cargo Volume Rises at Port of Long Beach

The following release was published by Port of Long Beach:

Cargo moving through the Port of Lon...

Evergreen first out with concrete EU ETS charges

"In what will be the first of a series of announcements Evergreen has declared the charges it will l...

Economic difficulties continue to impact HHLA’s business

The following release was published by HHLA

  • Chief Executive Officer, Angela Titzrath: ”The ec...

AD Ports Group Delivers Record Q3 2023 Results

The following release was published by AD Ports Group:

  • Q3 2023 Revenue grew by 189% YoY to AE...

MOL rolls out tech to combat fire scourge across its car carrier fleet

"Japanese shipowner Mitsui OSK Lines (MOL) will install cameras and an AI system developed by Israel...