News

Major Chinese ports container volume up 4.4% in late Sep

"Container volume at eight major Chinese ports increased 4.4% year-on-year for late September. Expor...

Load factors nosedive, pushing carriers to idle ships in a bid to 'stop the rot'

"Container spot and short-term freight rates from China remain under pressure after the Golden Week...

Evergreen joins compatriot lines in renegotiating shipping contract rates

"Evergreen has followed its fellow Taiwanese carriers, Yang Ming and Wan Hai, in beginning to renego...

Box rates slip further on indices for 33rd consecutive week

"The streak of red for ocean freight continues, with both the Drewry's World Container Index (WCI) a...

BIMCO confirms need for non-European Union ship recycling yards on EU list

"Although more and more yards are being added to the European Union (EU) list of approved ship recyc...

Savannah port surpasses 1.5 million TEUs in three-month period

"Port of Savannah handled 1.5 million TEUs in the first quarter of the fiscal year 2023 (July-Septem...

Panstar to help Pyeongtaek’s container push

"South Korean ro-ro ferry operator PanstarLine.com on 12 October signed an agreement with Pyeongtaek...

UK introduces paperless trade bill

"The UK government has presented the Electronic Trade Documents Bill to promote digital trade across...

TSS Pearl sinks, containers lost after fire on boxship

"Container carrier TSS Pearl has reportedly sunk after a fire onboard the ship last week. Risk firm...

GSBN partners with project44

"Global Shipping Business Network (GSBN) and project44 have announced a partnership to enhance suppl...

ABS to class more Maersk methanol-fueled ships

"Maersk has chosen ABS to class its latest order of six methanol-fuelled container ships due to be c...

MSC may be gearing up to be 'master of its own destiny', outside the 2M

"According to Alphaliner data, MSC’s orderbook now stands at an eye-watering 1.76m teu, equivalent t...

Peel clashes with union as it warns of third strike at port of Liverpool

"Port of Liverpool operator Peel Ports has confirmed workers will stage a third two-week strike at t...

Ports under pressure as strikes over pay continue worldwide

"Global maritime research consultancy Drewry reports that labour disputes and port workers' strikes...

Barge sinks after collision with Vasi boxship in Thailand waterways

"Vasi Star, a 1,728 TEU feeder container ship owned by Singaporean operator Vasi Shipping, collided...

Chittagong port keeps Hapag Lloyd vessel detained after crane incident

"The Chittagong Port Authority has detained a 1,718 TEU container feeder vessel operated by Hapag Ll...

Port of Barcelona procceeds with wharf electrification plan

"The Port of Barcelona has awarded the pilot project to provide electrical power to ships at the BES...

Carriers skip Durban, Cape Town as dockworker strike intensifies

"A crippling dockworker strike in South Africa that has paralyzed operations at Durban and Cape Town...

CMA CGM to start the new winter version of EUROMAR, a service linking Morocco & North Europe

The following release was published by CMA CGM:

As there are always BETTER WAYS to address a mar...

Abidjan, Hinterland West Africa Now Directly Connected with Far East

The following advisory was published by Mediterranean Shipping Company (MSC): MSC is pleased to anno...

SC Ports breaks September box handling record

"South Carolina Ports (SC Ports) handled a record number of containers for the month of September. S...

Port of Melbourne welcomes largest ship ever to call at Victoria container terminal

"The CMA CGM Group has deployed the largest vessel to ever call at the Port of Melbourne (PoMC). Wit...

Container lines offer better contract deals as spot rates slide

"Carriers are offering better terms on the long-term market as the spread between spot rates and con...

South African shippers eye air cargo as Transnet strike wreaks havoc

"South Africa exporters are facing major disruption as a strike at Transnet, the rail and port compa...

Congested European ports not enough to cushion falling volumes

"While unrelenting port congestion in Europe has made liner operators skip some calls, it has been i...

MSC’s orderbook breaks multiple records

"With Yangzijiang Shipbuilding recently confirming Mediterranean Shipping Co (MSC) has ordered a doz...

CMA CGM comes onboard €2bn clean hydrogen infrastructure fund

"French carrier CMA CGM has joined what is said to be the world’s first and largest infrastructure f...

Ocean freight rates may slide to pre-pandemic levels by end of year: HSBC

"Container shipping spot rates could hit 2019 levels by the end of the year as vessel demand weakens...

September plunge in US imports from Asia signals more declines ahead

"US imports from Asia in September plunged 10.4 percent from August to the lowest monthly volume sin...

Carriers moved too slowly at outset to stem trans-Pac spot rate collapse

"How to make sense of the head-spinning collapse in trans-Pacific West Coast spot rates to levels no...

CMA CGM to reorganize its BRAZEX services

The following advisory was published by CMA CGM:

Starting November 2022, CMA CGM is pleased to an...

CMA CGM to launch AMERICAS XL, a new service between US East Coast and West Coast South America

The following release was published by *CMA CGM:*

Effective December 2022, CMA CGM is pleased...

Union rejects major US railroads deal

"A US union with almost 12,000 maintenance workers is rejecting the works agreement reached between...

COSCO cashes $13.6 billion profit for 2022

"COSCO Shipping Holdings has achieved more than $13 billion in profit in the first three quarters of...

MSC containership stranded in Turkey waters

"MSC-flagged containership Malena has suffered an engine failure in front of Canakkale, in the Turki...

Adani gets go-ahead for Gangavaram port buyout

"Adani Ports and Special Economic Zone Ltd (APSEZ) has received approvals from NCLT Ahmedabad and NC...

MSC chief Toft warns of ‘some difficult quarters ahead’

"Mediterranean Shipping Co. (MSC) boss Soren Toft has warned of some difficult times ahead for the c...

Huangpu Wenchong shipyard restarting work after Covid shutdown

"CSSC Huangpu Wenchong Shipbuilding is resuming production after a Covid lockdown at beginning of th...

Maersk and MSC cull Asia-North Europe capacity as bookings founder

"Ocean carriers are suspending more headhaul services from Asia as global demand plummets. Maersk sa...

Blank sailings fail to prop up rates: 'we need capacity withdrawn permanently'

"China is back at work after its Golden Week holiday, but carrier-blanked sailings have been “ineffe...

Coming up for sale: Korean shipping line HMM, but it will be expensive

"HMM’s second-largest shareholder, Korea Ocean Business Corp (KOBC), wants to reduce its shareholdin...

Port of Liverpool workers set for further strikes as pay dispute remains

"British trade union Unite is to begin a second wave of strike action at the Port of Liverpool from...

NWSA, Ray-Mont Logistics sign lease for Seattle Terminal 10

"The Northwest Seaport Alliance Managing Members have adopted a lease for Terminal 10 in Seattle wit...

APMT welcomes largest containership ever to call at Vietnam

"Cai Mep International Terminal (CMIT) – APM Terminal (APMT)’s joint venture with Vietnam Maritime C...

Russian forwarders look to get ships from China while their rates stay high

"Russian freight forwarders that have started liner services to China are looking to buy ships from...

Union claims Peel Ports restructure/redundancy plan is revenge for strikes

"Peel Ports has been condemned for timing a planned restructuring of its container division on the e...

DP World starts new berth construction at London Gateway

"DP World UK has confirmed the launch of the construction works on a new berth at London Gateway. Th...

Mundra Port gains Middle East regional connection amid growing volumes

"Mundra Port, India's top container gateway, continues to ramp up its ocean service network reach. D...

Saudi Ports Authority to upgrade Jeddah Islamic Port with new berths

"The Saudi Ports Authority (Mawani) has signed two contracts worth US$170 million with major contrac...

APM Terminals Gothenburg announces channel deepening

"APM Terminals has announced that works to deepen the shipping channel in Gothenburg, Sweden are und...