News

'A hard landing' as Asia-North Europe freight rates collapse to $1,000 a box

"There seems to be nothing ocean carriers can do – or are prepared to do – to stop the rapid slide o...

New US shipping law sparks surge in litigation against box lines

"Shippers in America are rushing to post complaints against carriers at a rate of over 30 cases a mo...

Sea Consortium sues for $29.4m in cargo lost when TSS Pearl sank

"Singapore based Sea Consortium, parent of X-Press Feeders, has filed a $29.4m lawsuit in the US aga...

High charter termination rates force some liner operators to run at a loss

"Severe early termination penalties on charters have seen a number of smaller carriers continue to o...

Control of FESCO up for grabs following jail sentence of its largest shareholder

"Following a four-year court battle, Ziyavudin Magomedov was sentenced to 19 years in jail yesterday...

Manufacturing orders from China down 40% in unrelenting demand collapse

"After reaching record-breaking levels of trade during the pandemic lockdowns, vessel TEU (twenty-fo...

Alphaliner forecasts profit shocks for carriers in fourth quarter

"After riding a windfall of profits over the past few quarters, container carriers are heading towar...

Eco-friendly containership Maersk Acadia delivered

"Jiangsu New Yangzi Shipbuilding Co., a subsidiary of Chinese Yangzijiang Shipbuilding, has delivere...

TASMANIA CELEBRATES RECORD CONTAINER VOLUMES

"A RECORD 607,205 TEU transited Tasmanian ports in 2021-22, an increase of more than 2% since 2020-2...

Bolloré inaugurates $490 million Timor Port

"The President of the Republic of Timor Leste, Dr. José Ramos Horta, inaugurated the Tibar Bay Deepw...

South Korea strike mayhem sees no end

"Bargaining between the South Korean government and truck drivers has failed to provide a deal to en...

2M split may be on the horizon as tonnage-rich MSC prepares to go it alone

"Since August 2020, MSC’s brokers have completed the acquisition of nearly 250 second-hand container...

Orders for methanol-fuelled ships overtook LNG bookings in October

"Μonthly orders for methanol-fuelled ships overtook LNG bookings for the first time in October, as n...

Shipyard workers across Hyundai Heavy Industries group to strike

"Employees across the Hyundai Heavy Industries (HHI) group of shipyards have voted to strike on 6, 7...

Demolition prices slip to US$525 per LDT in India: BIMCO

"According to a shipping analysis from BIMCO, conducted by Filipe Gouveia, demolition prices slip to...

Global bunker indices continue firm decline

|According to the weekly outlook of Marine Bunker Exchange (MABUX) for bunker prices, global fuel in...

Castor Maritime fixes financing for containership pair

"Cyprus-based diversified owner Castor Maritime has secured $22.5m in funding from an Asian lender t...

Landslides block road to Brazil’s Paranagua and Antonina ports

"Landslides after heavy rain on Tuesday blocked the main access route to the ports of Paranaguá and...

Bi-partisan Senate vote ends threat of US rail strike

"The Senate voted overwhelmingly Thursday to force all US rail unions to accept terms of a tentative...

Louisiana funds new transload facility for Port NOLA

"The state of Louisiana will fund a short-line rail operator’s plan to build a new transloading faci...

Trans-Pac service contracts renegotiated lower to reflect changed market

"A growing number of shippers on the eastbound trans-Pacific have renegotiated rates in existing ser...

Mozambique’s Mocimboa da Praia Port Resumes Operations

"After nearly two years of closure, Mozambique’s Mocimboa da Praia port re-opened this week, signali...

Port of Houston maps out container yard expansion

"The Port of Houston Authority is planning to add capacity by converting Bayport Container Terminal...

Port Houston pauses container dwell fee

"Software developer delays has led to the postponement of Port Houston’s container dwell fee.

The...

Fears that transatlantic rates may sink under the weight of extra tonnage

"Ocean carriers are upgrading tonnage and shifting capacity to North Europe-US east coast services,...

Decaying demand sees China's ports building empty container mountains

"Amid a “very quiet” end-of-year shipping season, empty containers are piling up at Chinese ports."...

Government must stand firm, say shippers after latest Korean strike talks fail

"The South Korean government has refused to bargain with striking truckers, beginning the second wee...

OCEAN Alliance to upsize Transatlantic lane again

"The OCEAN Alliance is upsizing its transatlantic service again by replacing four 8,500-10,000 TEU s...

ICTSI announces start of first Rijeka – Austria direct cargo rail service

"International Container Terminal Services Inc. (ICTSI) has announced that a new first regular train...

EU agrees preliminary ETS deal for shipping

"EU institutions have hammered out a preliminary agreement to include shipping within the scope of t...

Carrier results could fall up to 70% in the fourth quarter: Alphaliner

"With the container shipping industry widely accepting that the peak of an epic cycle was passed by...

House takes action to avert crippling US rail strike

"Major shippers applauded the House of Representatives passing a bill Wednesday that would avert a c...

Revolutionary wind deflector ONE Trust arrives at Le Havre

"Le Havre Port is one of the latest ports to welcome the ONE Trust container ship equipped with a re...

Melbourne forecasts container dip for 2022 outlook

"The Port of Melbourne has witnessed throughput increasing 15.6 per cent in October over last year,...

Mindanao Container Terminal acquires mobile harbour crane

"Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.’s (ICTSI) busine...

Nansha to add four large-size container berths

"To further improve container handling capacity at Guangzhou port, Nansha is going to construct four...

Things 'not all bad', says Maersk as it revamps network for the 'new normal'

"Major Chinese export markets are showing signs of a recovery after the steep post-Golden Week holid...

President Biden calls on Congress to intervene as rail dispute threatens US industry`

"With a rail strike that could cripple industry just 10 days away, US president Joe Biden has called...

China Merchants leasing unit makes boxship debut

"China Merchants Commerce Financial Leasing (CMC Leasing), a lessor owned by Chinese state-owned con...

UWL opens first office in China

"UWL, an American-owned NVOCC and provider of 3PL services, has expanded its global presence with th...

Seoul issues jail threat in bid to end trucker strike

"South Korea’s government issued an order Tuesday for some of the thousands of truck drivers who hav...

Violent protests against Adani’s Kerala port project

"At least 150 people were injured and over 3,000 booked Monday after a violent protest against the c...

A.P. Moller - Maersk and IBM to discontinue TradeLens, a blockchain-enabled global trade platform

The following release was published by A.P. Moller - Maersk:

"TradeLens was founded on the bol...

Carriers continue calling South Korea's Busan as truckers strike drags on

"Ocean carriers are taking contingency measures to cope with growing cargo congestion at South Korea...

Ocean carriers struggle to match capacity with plummeting demand

"Capacity discipline by ocean carriers is being severely tested by demand and rate levels that conti...

AD Ports Group Inks Topside Infrastructure Agreement for CMA Terminals Khalifa Port with China Harbour Engineering Company

The following release was published by AD Ports Group:

Abu Dhabi, UAE – 25 November 2022: AD P...

FESCO to launch Alexandria – Novorossiysk shipping service

"FESCO Transport Group (FESCO) is mulling opportunities to open a new shipping service from Alexandr...

Port of New York and New Jersey throughput highlights East Coast power shift

"The seaport retained its title as the nation’s busiest for a third consecutive month in a row, movi...

Baltic Hub kicks off construction of third Gdańsk port terminal

"On 28 November 2022, Baltic Hub (formerly known as DCT Gdańsk), the operator of the largest contain...

DP World launches London Gateway-Southampton intermodal train

"DP World has launched a new intermodal train service connecting DP World’s container terminals at L...