News

Expansion plans for Durban, Ngqura port terminals commended: SA

“The Select Committee on Public Enterprises and Communication have welcomed the expansion plans at Durban’s port terminal and Gqeberha’s Ngqura port.” See the original story at ZAWYA. Source: ZAWYA (JK)

Container Dwell Fee On Hold Through June 24

“The San Pedro Bay ports of Long Beach and Los Angeles will once again delay consideration of the “C...

Capital Product Partners L.P. Announces the Acquisition of Three 13,278 TEU Container Vessels and the Sale of Two 8,266 TEU Container Vessels

“Capital Product Partners L.P., an international owner of ocean-going vessels, today announced: The...

Russian imports may drop by 30% this year, says top official, according to Tass

“Russian imports may drop by 30% this year but will not dwindle to zero, Tass news agency reported A...

Surge in Boxship Orders Could Create Capacity Surplus as Early as 2023

“Although trade volumes are cooling, the appetite by major ocean carriers for new ship orders continue to soar.” See the original story at The Maritime Executive. Source: The Maritime Executive (JK)

North Europe and West Africa connected with our WAX service

The following release was published by Hapag-Lloyd:

If you are shipping from the North of Europe...

Konecranes launches battery-powered handling series

“Konecranes has launched new large battery-driven container handling machines in a bid to introduce sustainable solutions for port operations.” See the original story at Port Technology. Source: Port Technology (JK)

China congestion easing after projected cargo boom fails to materialise

“China’s port congestion is easing as Shanghai’s post-lockdown cargo boom fails to materialise, and...

Shippers say easing of India rates is ‘calm before peak season storm’

“Cargo owners in India believe the easing of container freight rates across the major tradelanes in June will be short-lived, with the peak season hitting in July.” See the original story at The Loadstar. Source: The Loadstar (JK)

Flush MPV sector looks for new cargo as carriers re-absorb overspill boxes

“The Multipurpose (MPP) time-charter index has dropped slightly for the first time since the beginni...

DP World to build massive Saudi logistics park

“Terminal operator DP World and the Saudi Ports Authority (Mawani) have announced the signing of a 3...

Red-hot ocean carrier profits face cooling volumes

“The container shipping industry is enjoying its highest-ever profitability after carriers banked re...

Canadian National workers strike after failed negotiations: IBEW

“Canadian National Railway Co. workers have gone on strike after failing to reach an agreement on Sa...

North Europe: Latest updates on key region ports

The following advisory was published by A.P. Moller – Maersk:

In light of the ongoing congestion...

Savannah shatters container records in May

“The Port of Savannah moved an all-time high 519,390 TEU in May, breaking the previous record of 504,350 TEU set in October 2021.” See the original story at Port Technology. Source: Port Technology (JK)

Port of Los Angeles posts third-best month on record

“The Port of Los Angeles has posted its third-best month on record – moving 967,900 TEU in May 2022.” See the original story at Port Technology. Source: Port Technology (JK)

China lockdowns lead to dip in Mobile May volumes

“Container volumes at the Port of Mobile saw a 6 per cent dip in May 2022, only handling 43,865 TEU.” See the original story at Port Technology. Source: Port Technology (JK)

PIL adds Shanghai and Singapore port calls to Gulf China Service (GCS)

The following release was published by Pacific International Lines (PIL):

With the aim of continu...

Qingdao Sunrui bags FGSS order for six MSC boxships

“CSSC Qingdao SunRui Marine Environment Engineering Company has obtained order from Dalian Shipbuild...

Russia uses INSTC corridor to beat sanctions and drive trade with Iran and India

“Russia has begun sending goods to India via the International North South Transport Corridor (INSTC...

Carriers ‘fire-fighting’ in battle to ease congestion at N Europe ports

“Maersk is looking to overland Asian containers at less-congested North European ports and evacuate...

Ever Given insurance claims could exceed US$2 billion

“French reinsurance company SCOR said that Ever Given claims could amount to more than US$2 billion,...

Tuticorin terminal contract fiasco threatens PSA’s investment push in India

“PSA International’s growth aspirations in India have received a jolt after the country’s southern T...

Wan Hai Lines to enhance Asia to US East Coast Service (AA9)

The following release was published by Wan Hai Lines:

Taipei, Jun. 14, 2022 – Wan Hai Lines will...

Cosco Shipping Development names new chairman

“Cosco Shipping Development, the financing arm of Chinese state giant Cosco Shipping, has appointed Liu Chong as its new chairman, replacing Wang Daxiong, who has retired.” See the original story at Splash247. Source: Splash247 (JK)

Antwerp braces for further strike action on Monday

“The Port of Antwerp-Bruges, one of Europe’s largest ports, is braced for another strike, coming at a time where the Belgian facility is suffering from unseasonably high congestion.” See the original story at Splash247. Source: Splash247 (JK)

Three crewmembers jump from containership off US port

“Three crewmembers jumped off the Liberia-flagged 6,900 teu boxship Simba into the St. Johns River i...

The launching ceremony of SITC’s first “Silk Road Shipping” e-commerce express line was held in Xiamen Port

The following release was published by SITC Line:

On the morning of June 10, 2022 , the launching...

OOCL launches Transpacific Latin Pacific 6 (TLP6) to offer express linkage between China and West Coast South America

The following release was published by Orient Overseas Container Line Limited (OOCL):

**OOCL laun...

Louisiana commits near-$100 million to Port NOLA to aid expansion projects

“Port NOLA is to receive $96.5 million in state funding to aid expansion projects at the Napoleon Avenue Container Terminal and Jourdan Road Cold Storage Terminal.” See the original story at Port Technology. Source: Port Technology (JK)

SITC successfully delivered the new 2400TEU container ship “SITC Xincheng” in Yangzijiang Shipbuilding Industry

The following release was published by SITC Line:

On June 15 , 2022 , SITC International and Yang...

Korean truckers end strike – but supply chains remain seriously disrupted

“Following an eight-day strike, South Korean truckers went back to work today after hammering out an agreement with the government just before midnight.” See the original story at The Loadstar. Source: The Loadstar (JK)

Port sector players get together again – but their views on congestion are apart

“Global port industry players met in person for the first time in two years at this week’s TOC confe...

CMA CGM, CEVA Logistics launch new intermodal service from Italy to Europe

“CMA CGM and its subsidiary CEVA Logistics have started a new weekly intermodal service from the port of Trieste in Italy to Central and Eastern Europe.” See the original story at Container News. Source: Container News (JK)

Port of Los Angeles working with Biden administration to clear rail-cargo backlog

“There are currently more than 29,000 containers waiting at the Port of Los Angeles to move by rail....

Maersk faces sexual assault at sea charges

“Maersk is facing a manning crisis at sea as multiple reports of sexual assault surface.” See the original story at Splash247. Source: Splash247 (JK)

Container shippers tapping ro/ro capacity amid tight vessel space

“Shippers are increasingly turning to roll-on/roll-off (ro/ro) carriers to transport containers and noncontainerized goods amid a persistent lack of capacity on container ships and sky-high spot rates.” See the original story at JOC. Source: JOC (JK)

US imports from Asia surge to unexpected record in May

“US imports from Asia set a new monthly record in May, demonstrating that despite the more than two...

West Coast ports strike is unlikely even if no deal is reached by July

“Employers and the union representing more than 22,000 dockworkers at 30 US ports on the West Coast...

Maersk to launch dedicated coastal service in New Zealand

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

New Zealand – Maersk is launching a...

Adani allocates $50 billion to create world’s largest green hydrogen ecosystem

“Adani New Industries Ltd (ANIL) will invest $50 billion to create the world’s largest green hydroge...

Ningbo-Zhoushan port adds container berth

“Ningbo-Zhoushan port is bringing a new large-size container berth at Meishan container terminal into operation.” See the original story at Seatrade Maritime News. Source: Seatrade Maritime News (JK)

ILWU and PMA reassure shippers there will be ‘no strike or lockout’

“The media blackout on the negotiations between the ILWU and Pacific Maritime Association (PMA) have...

Korean traders urge truckers to end strike as it hits computer chip production

“The Korea International Trade Association (KITA), representing importers and exporters, has called on striking truckers to end their industrial action and get goods moving again.” See the original story at The Loadstar. Source: The Loadstar (JK)

Maersk rolls out container damage coverage ‘to end disputes over box repairs’

“Maersk has now rolled out its ‘container protection solution’ across 27 countries in Europe and Asi...

TIPC cashes in on Yang Ming stocks

“Taiwan International Ports Corporation (TIPC) is selling more of its holdings in Yang Ming Marine Transport to cash in on the rising stock price.” See the original story at Container News. Source: Container News (JK)

UK trade union plans network rail strike in June

“United Kingdom’s trade union, National Union of Rail, Maritime and Transport Workers (RMT), has announced a planned strike in the next days of June.” See the original story at Container News. Source: Container News (JK)

Yang Ming enhances its fleet with another 11,000 TEU container ship

“The Taiwanese container line Yang Ming has received another 11,000 TEU container vessel, namely YM Tranquility.” See the original story at Container News. Source: Container News (JK)

Chittagong depot owners in dilemma as lines refuse to carry hydrogen peroxide laden containers

“Chittagong container depot owners are now in trouble as some of the shipping lines are refusing to...

Allseas Shipping Company launches

“UK-based shipping agent DKT Allseas turned liner operator has this week officially launched its own container shipping company.” See the original story at Splash247. Source: Splash247 (JK)

Page 3 of 259