SCFI registers two digit jump
"The composite Shanghai Containerized Freight Index (SCFI) closed at 1,012.6 points in Week 43, surg...
Container trade less of a GDP indicator these days
"Alphaliner's report said that container trade is decoupling from gross domestic product, as the TEU...
Pacific Northwest, Alaska, and Florida Receive Port Infrastructure Grants
"The first grants for the U.S. Maritime Administration’s 2023 Port Infrastructure Development Progra...
No takers, so more unemployed big box ships will join the idle fleet
"Ocean carrier loop suspensions will add significant tonnage to the idle fleet, unless the redundant...
VGM container weight mis-declaration 'rampant at most ports', say forwarders
"Container carriers are dealing with widespread weight mis-declarations by shippers, refuelling long...
Vessel utilisation continues to decline
"According to Sea-Intelligence, vessel utilisation is continuing to fall as the year comes to a clos...
PSA and PIL to develop low emission shipping routes
"PSA Singapore and Pacific International Lines (PIL) have inked Memorandum of Understanding to devel...
ONE announces China India Pakistan (CIP) service upgrade
The following release was published by ONE:
We are pleased to inform you that Ocean Network Exp...
'Learn from Hanjin collapse' – government urged to nationalise HMM
"HMM should be nationalised, according to Busan civic groups and members of South Korea’s marine ind...
ONE forecasts operating loss after it saw Q2 profits sink
"Confirmation that container shipping lines are operating in the red came today with the release of...
Suez Canal fee hikes set to add to the pressure on Asia-Europe carriers
"Container shipping lines are set to see another spike in costs next year after the Suez Canal Autho...
Mawani Boosts Maritime Links with Addition of CMA CGM's India Gulf Express Service to King Abdulaziz Port
The following release was published by Mawani:
The Saudi Ports Authority (Mawani) has announced...
MSC’s upsized Santana service shows Contecon Manzanillo is choice Mexican trade gateway
The following release was published by ICTSI:
Contecon Manzanillo S.A. (CMSA), International Co...
Competition in container terminal market hots up as concessions end
"Concessions to operate container terminals around the globe are coming to an end and the competitio...
Panama Canal making drastic cuts to booking slots as drought worsens
"The Panama Canal announced a series of sharp reductions in booking slots to just 18 daily by Februa...
Hapag-Lloyd - ADX Service Update
The following release was published by Hapag-Lloyd:
If you are shipping with Adriatic Sea Expre...
CMA CGM to adapt the setup of its EURAF 1 service connecting North Europe with West Africa
The following release was published by CMA CGM:
We would like to inform our customers that due...
Ports America appoints new chief commercial officer
"Ports America, one of the US largest stevedore and marine terminal operators, has named Rob Kusicie...
Container Exports Continue to Thrive at Port Houston
The following release was published by Port of Houston:
Port Houston has once again experienced...
CMA CGM to reshuffle its services linking East Med countries, Malta & Libya
The following release was published by CMA CGM:
As there are always BETTER WAYS to address a ma...
Transatlantic westbound 'a total disaster', with 'unsustainable' rates
"According to CMA CGM, westbound transatlantic ocean rates have now hit “unsustainable levels”." See...
Porto Itapoá has new service to the Caribbean and USA
The following release was published by Port of Itapoa:
Porto Itapoá will now have another impor...
Industry warns over ports call evasion of EU ETS
"The European Tugowners Association (ETA) has called on the European Commission to prevent cargo div...
Lynch: Brunswick on track to be top U.S. auto and RoRo port
"The Port of Brunswick is poised to become the top auto and machinery port in the U.S., with 264 acr...
Ports of Hamburg, Halifax, Valencia to create port innovation network
"The ports of Hamburg, Halifax and Valencia have started work on creating network of innovation cent...
Liner hopes for spot rate hikes dampened by 'a sea of red ink'
"Drewry’s WCI container spot rate index was a sea of red ink again this week, ahead of a planned wav...
'Overcapacity will persist, prompting more scrapping and slow-steaming'
"Overcapacity will persist next year and, along with stricter environmental regulations, will prompt...
More delays at Australian ports as more strikes are announced
"Labour strife is set to persist in Australia’s ports.
The Maritime Union of Australia (MUA) noti...
APMT appoints new COO
"APM Terminals (APMT) has announced Olaf Gelhausen as its new Chief Operating Officer (COO)." See th...
Chinese EV imports drive Piraeus port profits
"Chinese-made electric vehicles arriving in containers in Piraeus via the car terminal for sale in E...
China’s new land-sea corridor transports over 700,000 teu
"China’s new international land-sea trade corridor has handled container volumes of over 700,000 teu...
DP World’s expansion and terminal automation plans in the Americas
"DP World is investing in expansion and automation across 14 terminals in the Americas and could rol...
Hutchison Ports LCT Celebrates 50% Expansion of Its Terminal in Lázaro Cárdenas
The following release was published by Hutchison Ports:
With an investment of more than 220 mil...
ONE Launches India Ocean Mediterranean Service (IOM)
The following release was published by ONE:
Ocean Network Express (ONE) is pleased to announce...
Smaller vessels bound for the scrapheap as capacity mismatch widens
"The box shipping fleet has reached its highest average age since records began, according to resear...
Transpacific volumes bounce back as consumers carry on spending
"US domestic and transpacific carrier Matson has reported “solid freight demand, despite the muted p...
Israel to Pay for Ships Damaged in War
"Israel will provide compensation for ships that are damaged due to the war in Gaza and the governme...
Overcapacity absorption set to begin in 2028
"According to Sea-Intelligence, the earliest recovery to the supply/demand equilibrium will begin in...
Tecon Santos investing $520 million in container terminal expansion
"The Tecon Santos container terminal is undertaking an ambitious expansion and modernisation project...
COSCO SHIPPING Ports reports over 35 million TEUs and US$360 million revenue in third quarter
"COSCO SHIPPING Ports' total throughput increased by 4.1% year-on-year to 35.6 million TEUs in the t...
Russia and DP World forge venture to send container ships through the Arctic
"In one of several moves to promote the Northern Sea Route for a for a wider range of vessels, Russi...
APM Terminals and DP World spearhead roadmap for accelerating electrification of port operations in bid for net-zero
The following release was published by DP World:
APM Terminals and DP World today announce an i...
PHX2 Port Rotation Change
The following release was published by ONE:
Ocean Network Express (ONE) is pleased to inform yo...
Throughput in port of Rotterdam falls by 6.0% in first three quarters
The following release was published by Port of Rotterdam:
In the first nine months of 2023, the...
Massive boxship orderbook delivering into record ageing fleet
"Container shipping is entering a once in a generation fleet renewal with a record orderbook deliver...
Ships advised to wait further offshore as rockets rain down around Israel
"Shipping lines are being advised to wait further offshore when calling Israel as the nation battles...
Russia Plans Shipbuilding Partnerships With China
"It is no secret that Russia's shipbuilding industry is struggling. Foreign components and expertise...
Market volatility sees forwarders shy away from long-term deals
"With no end to the prevailing market uncertainty and volatility in sight, forwarders say relationsh...
HMM: no sale if the right buyer can't be found, says KDB chief
"Korea Development Bank (KDB) chairman Kang Seog-hoon said yesterday that HMM would not be sold if n...
MSC and Maersk 'decouple' their fleets, ready to go their separate ways
Ahead of the demise of the 2M Alliance at the end of next year, MSC and Maersk have already ‘decoupl...