‘No end in sight’: Congestion levels continue to climb as boxships queue outside German ports

“Congestion in container shipping is continuing to rise with more than 12 per cent of all shipped goods currently stuck.” See the original story at Port Technology. Source: Port Technology (JK)

‘No hope’ of bounce-back in demand for container shipping this year

“Cold water is being poured on any optimistic outlook by some ocean carriers for a speedy recovery of the container industry from the impact of Covid-19.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Not much has changed’ at China’s ports, despite traditional post-CNY lull

“The traditional post-new year (CNY) lull has helped ease China’s port congestion, but cargo backlogs and container shortages are still propping up rates.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Peak season’ to yield spectacular returns for reefer owners

“Owners of specialised reefer vessels have not had much to cheer about recently as refrigerated slot...

‘Revitalised’ Zim reports biggest profit in its 75-year history

“Israeli ocean carrier Zim has posted its first annual profit for three years – and the biggest in i...

‘Robust cooperation throughout 2024’: THE Alliance members bid to quash speculation

"In a bid to quash rampant speculation about its future, the members of THE Alliance have issued a r...

‘Slidings’ replacing blank voyages as ocean carriers stretch transit times

“Ocean carriers are looking to extend transit times in a bid to improve schedule reliability and cut costs.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Smart’ container fleet set to increase tenfold over next five years

“The number of smart containers in the world’s box fleet could increase tenfold over the next five years, according to new research from Drewry Maritime Advisors.” To learn more, see the original story at The Loadstar. Source: The Loadstar (JK)

‘Sophisticated’ cyber attack takes IMO offline

“The International Maritime Organization (IMO) is fighting a cyber attack, the second high-profile m...

‘Storage in transit’ products expand to head off looming box congestion crisis

“MSC has announced four additional container wayport storage hubs as part of its Covid-19 suspension...

‘Super-port’ of Antwerp-Bruges lining up to be UK’s first call

“Antwerp is positioning itself to be the UK’s gateway to Europe. Unaccompanied container volumes hav...

‘Synchro-modality’ the key to solving congestion problems at Europe’s ports

“Barge owners are calling for port operators to adopt “synchro-modality” to address the congestion crisis plaguing Europe’s box terminals.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Synchromodality’ the key to beating Europe’s inland waterway congestion

“DP World VP of inland and logistics for Europe Rob Harrison is urging shippers to buy into “synchromodality” to combat North Europe’s systemic barge congestion.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘The Party is Over’ for Container Shipping, Says Hapag-Lloyd CEO

"Container freight rates will keep declining in the current realignment of shipping demand and suppl...

‘THE’ Alliance transatlantic loop calls Port of Philadelphia

**“The weekly AL1 service, operated by “THE” Alliance, made its first call to the Packer Avenue Mari...

‘Tramp’ ships coming to NY-NJ port, hoping for berth space

“An increased number of ad hoc vessels and “tramp” ships operated by small, Asia-based operators are...

‘Unreasonable fees’ send Australian shippers into multi-billion dollar frenzy

“Australian shippers are battling a double-whammy of spiralling supply chain inflation, container detention fees and delays to manufacturing in China.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Unsustainable’ Team Lines to close its doors next month

“Hamburg-headquartered feeder operator Team Lines will cease trading on 11 February, after deeming its business model “unsustainable”. ” To learn more, see the original story at The Loadstar. Source: The Loadstar (JB)

‘Volatile’ box trade has shifted ‘from a demand crisis to an operational crisis’

“The era of low-cost ocean freight could be over as volatility and exception handling become the new battleground for forwarders and carriers.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘We don’t want others to leapfrog us’: Maersk CEO

**The shipping industry might be suffering a tough period of overcapacity but chief executive of oil...

‘We need more box ships’ – PIL joins industry-wide chase for tonnage

“Revived Singapore-based liner operator Pacific International Lines (PIL) has joined the industry-wi...

‘We will not compromise on our survival’: Marshall Islands responds to ICS criticism

“The republic of the Marshall Islands has hit back at claims it is being both inflexible and unrealistic in its stance on shipping’s greenhouse gas emissions.” For more, see the original article on Splash 24/7. Source: Splash 24/7 (LF)

‘We’re sold out’ says ONE, but we all face new hurdles in ‘this incredible year’

“As container shipping’s rollercoaster year continues a steep climb, one senior carrier executive has declared: “We’re sold out.”” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Well prepared’ K+N weathers tough first half, and sees a brighter Q2

“Kuehne + Nagel today put a brave face on lower first-half revenue and profit on the back of declining volumes in every division.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘When will it end?’: November surge pushes freight rates to 121% yearly increase

“Long-term contracted ocean freight rates rocketed by a further 16.3% over the course of November 20...

‘Win-win’ for shipowners, with charter market rates and vessel values soaring

“Containership owners have seen the value of their assets soar in the past few weeks, and they are said to be “raking in the money”.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘World’s first’ 700 TEU pure battery-powered containerships are here

"China’s shipping company COSCO Shipping Development has taken delivery of two 700 TEU electric cont...

‘Yantian effect’ could cause shortage of goods as rates are set to stay high

“Chronic congestion in Asia, particularly at Yantian, the US and Europe will force rates higher and...

"Mawani" Exported containers increased by 13.61%, while imported containers rose by 5.30%.

The following release was published by Mawani:

Ports overseen by the Saudi Ports Authority "Maw...

"Overtime" Boxes Clog Nigeria's Container Terminals

"Container terminals try to discourage long dwell times for cargo, and Lagos' gridlock shows why. Ov...

“Damietta Alliance” developing and operating a new container terminal in Damietta, Egypt

The following release was published by Hapag-Lloyd:

A new terminal will be built in the port of D...

“JVH” Offers an Ever-Faster Service Connecting Haiphong With Hakata

The following release was published by ONE:

Ocean Network Express (“ONE”) is pleased to announc...

“K” Line Launches Asia Chennai Express Service (ACE)

**KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce its enhanced containership service o...

“K” Line raises FY Q3 profit forecast on soaring container rates

““K” Line has increased its fiscal third-quarter profit forecast to more than $385 million on the back of soaring container rates, the shipping line said on Monday. ” See the original story at JOC. Source: JOC (JK)

“Makeshift” boxships gain pace with Starbulk capesize carrying containers

“With the shortage of container vessels hitting critical levels, some operators have begun using bulk carriers or other vessel types to move containers.” See the original story at Container News. Source: Container News (JK)

“Mawani” Records a Growth in the Incoming Containers by 16.88% in February 2024

The following release was published by Mawani:

The ports supervised by the Saudi Ports Authorit...

“Mawani”: Adding the Shipping Service “East Africa Express” to King Abdul Aziz Port in Dammam to Link the Kingdom to East African Ports

The following release was published by Mawani:

The Saudi Ports Authority “Mawani” has announced...

“The shipping industry could be entirely reshaped within the next five to ten years”

“Over the next decade the shipping sector could be completely reshaped, writes Danish Ship Finance i...

“THX” offers a competitive service from Thailand to Hakata

Ocean Network Express (ONE) is pleased to announce a new direct service

**Thailand Hakata Express...

$1 billion CIMC – Maersk reefer deal scrapped

"The proposed $1 billion deal between China International Marine Containers Ltd. (CIMC) and Maersk C...

$1.4 billion added to US railroad modernisation programme

"The U.S. Department of Transportation (USDOT) has announced the availability of over $1.4 billion i...

$1.67 billion for new box terminal Port of Valencia

"The Port of Valencia will commit €1.56 billion ($1.64 billion) to a new container terminal.

The...

$1.9 bln Shipping Rescue Package in Taiwan

[![[An Evergreen container vessel at port]](https://app.eesea.com/news/wp-content/uploads/evergreen-...

$103m suit filed against Dali’s owner and manager

"The US Department of Justice filed a $103m civil claim yesterday against the owner and manager of t...

$120m worth of HSFO in Singapore found to be contaminated

“Singapore’s contaminated fuel outbreak is likely to cost tens of millions of dollars and keep lawyers busy for years to come.” See the original story at Splash247. Source: Splash247 (JK)

$154 million funding boost required for Houston Ship Channel

"The Port Commission of the Port of Houston Authority held a Special Public meeting on 21 May to dis...

$173 per feu: Maersk warns EU’s emissions trading plans will be ‘significant’

"One hundred and seventy euros ($173). That’s the price Danish carrier Maersk estimates clients will...

$2 billion worth of imports at risk due to Felixstowe Port delays

“The ongoing crisis at the UK’s Port of Felixstowe could impact up to nearly $2 billion of trade imports, according to analysis by the Russell Group.” See the original story at Port Technology. Source: Port Technology (JK)

$200 per container cost gap for zero emissions shipping

"A new 34-page report released today at the margins of COP28 details the annualised total costs of z...

$23B of Russia to UK trade to be disrupted by British ports closure to Russian ships

“£17 billion ($23 billion) of annual Russian exports to the UK will be disrupted by the closure of a...