News

Container Carrier Profits Soar On Record Volumes, Higher Rates

"The global container shipping industry saw profits surge to more than $10 billion in the second qua...

by Hristijan Ivanov

The Largest Port Expansion in 40 Years Opens at the Port of Gothenburg

The following release was published by Port of Gothenburg:

Today, a brand new 144,000 square me...

by Hristijan Ivanov

Suez Canal faces new threat, warns The Economist

"Worsening conflict in Sudan has the potential to cause yet more disruption to global trade through...

by Hristijan Ivanov

Giant MSC Marie sets Panama transit record

"In another sign that operations are getting back to normal at the Panama Canal, the waterway on Fri...

by Hristijan Ivanov

Maersk to launch new Far East-Indian Subcontinent 1 service

"Maersk will launch a new Far East-Indian Subcontinent 1 (FI1) service calling at Colombo, Laem Chab...

by Hristijan Ivanov

ONE launches Black Sea Turkey Service 2 (BT2)

The following release was published by ONE:

Ocean Network Express (ONE) is pleased to announce...

by Hristijan Ivanov

MSC Enhances Santana and Carioca Services for Improved Connectivity

The following release was published by MSC:

We are delighted to announce that our standalone se...

by Hristijan Ivanov

Methanol 'happy hour' over, and decarbonisation will double freight rates

"Shipping’s methanol “happy hour” has ended, with LNG back on the menu, decarbonisation “slowing” an...

by Hristijan Ivanov

Sri Lanka Ports records 1.54 million TEU

"The Sri Lanka Ports Authority (SLPA) has cleared the recent claims indicating a decrease in transsh...

by Hristijan Ivanov

COSCO orders a dozen 14,000 teu ships

"COSCO Shipping, the world’s fourth largest containerline, has ordered a dozen 14,000 teu ships at a...

by Hristijan Ivanov

Maersk container vessel smashes iconic tall ship Leeuwin

"The box ship Maersk Shekou collided with the tall ship Leeuwin II in Fremantle port heavily damagin...

by Hristijan Ivanov

Romania bids to take over Moldova’s only port

"The Romanian government is in talks to buy Moldova’s only port, amid interest from a Bulgarian comp...

by Hristijan Ivanov

ONE - New Services Launch Connecting East Asia and the Middle East

The following release was published by ONE:

Ocean Network Express (ONE) is delighted to announc...

by Hristijan Ivanov

Hapag-Lloyd hails delivery of another LNG dual-fuel 23,600 TEU giant

"German liner major Hapag-Lloyd has taken delivery of the new liquefied natural gas (LNG) dual-fuel...

by Hristijan Ivanov

SeaLead Relaunches Far East India Express 2 Service, Connecting Central China to West India

The following release was published by SeaLead:

SeaLead, a fast-growing global shipping line, i...

by Hristijan Ivanov

MSC buys all four of Safetrans’ ships

"The Panamax vessels, SFT Egypt, SFT China, SFT Saudi and SFT Turkey, have all been sold to the Medi...

by Hristijan Ivanov

Arrival of new box ships and fewer blank sailings should ease port congestion

"Port congestion should ease as new vessel capacity comes in and Red Sea diversions become the norm...

by Hristijan Ivanov

Transpacific rates war breaks out as new arrivals undercut major liners

"A rates war on the Asia-US West Coast tradelane is under way, as newcomer transpacific carriers off...

by Hristijan Ivanov

Gemini's hub-and-spoke strategy will 'fuel demand for feeder vessels'

"Non-operating feeder containership owner MPC Containerships (MPCC) said this week it was “looking f...

by Hristijan Ivanov

US West Coast Ports Poised to Gain from Canadian Port Disruptions

"Recent labor disputes at Canadian ports have created opportunities for US West Coast ports to captu...

by Hristijan Ivanov

De-risking the contract season

"Volatile markets and loose contracts mean that shippers and forwarders are having to negotiate cont...

by Hristijan Ivanov

LA’s APM Terminals says upgrades reduce truck waiting times to 35 minutes

"The APM Terminals at the Port of Los Angeles has completed a major upgrade deploying new automated...

by Hristijan Ivanov

Maersk christens fourth large methanol dual-fuel boxship in Los Angeles

"Danish shipping heavyweight A.P. Moller Maersk has held a christening ceremony for Alette Maersk, i...

by Hristijan Ivanov

Oregon’s Port of Portland Rescue Plan Calls for Doubling Container Volume

"The Port of Portland, Oregon’s only ocean-going seaport, submitted its revised comprehensive busine...

by Hristijan Ivanov

Container manufacturers tell customers they are ‘sold out’ until mid-October

"Drewry says it expects 2024 to be the second-highest year on record for dry freight container produ...

by Hristijan Ivanov

Threat of more strikes at German ports as workers reject 'inadequate' offer

"German trade union ver.di has rejected the Central Association of German Seaport Operators’ (ZDS) c...

by Hristijan Ivanov

Container Shipping’s Fleet Expansion Continues

"The global container shipping industry is experiencing a significant surge in fleet expansion, acco...

by Hristijan Ivanov

Panama Canal delays new long term booking system to October

"Implementation of the Panama Canal Authority’s (ACP) new long- term slot allocation (LoTSA) system...

by Hristijan Ivanov

Indian Port Workers Call Off Strike, Agree New Wage Deal

"Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike f...

by Hristijan Ivanov

Yang Ming buys more chartered ships

"Taiwanese liner operator Yang Ming Marine Transport continues to expand its owned fleet by prematur...

by Hristijan Ivanov

Shanghai futures market shows liner fortunes plummeting

"Looking at the futures market being traded in Shanghai, analysts at Asia-based container consultanc...

by Hristijan Ivanov

Transhipment boom at port of Colombo fades as the competition grows

"The unusually strong transhipment cargo gains by Sri Lanka’s Colombo port this year, driven by Red...

by Hristijan Ivanov

Indian Port Unions, Officials to Meet in Attempt to Avert Strike

"Union representatives from India’s state-run ports are expected to meet government officials on Tue...

by Hristijan Ivanov

Port Houston July Volume Dips

"Port Houston recorded a 5% decrease in container volume in July 2024 compared to the same month las...

by Hristijan Ivanov

U.S. Container Ports See Significant Growth in Inbound Volumes

"The ten largest container ports in the United States experienced “striking” growth in year-over-yea...

by Hristijan Ivanov

Panama Canal Plans Reservoir Expansion to Combat Next Drought

"The Panama Canal expects to be ready to combat a possible new drought, which could hit the world’s...

by Hristijan Ivanov

Regional Container Lines adds another pair of boxships at Huangpu Wenchong

"Thailand’s Regional Container Lines (RCL) has ordered an additional pair of 4,300 teu ships with MB...

by Hristijan Ivanov

OOCL Celebrates the Naming of its Last Newbuilding in the 24,188 TEU Series

The following release was published by OOCL:

Orient Overseas Container Line Co., Ltd. ("OOCL")...

by Hristijan Ivanov

Wan Hai Lines Holds Naming Ceremony for 13,100teu Newbuilding “WAN HAI A17”

The following release was published by Wan Hai:

Wan Hai Lines held ship naming ceremony for WAN...

by Hristijan Ivanov

Panama’s Colon Container Terminal adds hybrid yard cranes

"Colon Container Terminal (CCT) in Panama has received 12 new hybrid RTGs (Rubber Tyred Gantry) cran...

by Hristijan Ivanov

Canada labor board orders rail employees back to work

"An independent tribunal in Canada has ordered workers at the country’s two largest railways to get...

by Hristijan Ivanov

Port of Oakland July container volume registers consistent growth

"The Port of Oakland July full container volume continues on its trajectory of steady growth. Full c...

by Hristijan Ivanov

The challenges for containerships braving the waters around the Cape

"Sailing around the Cape of Good Hope was regarded as foolhardy in the days of tall ships and wooden...

by Hristijan Ivanov

Asia-Europe spot rates soften, while transpac prices harden as dock strike threatens

"Transpacific container spot rates were in the ascendancy this week as industrial action storm cloud...

by Hristijan Ivanov

Valenciaport handled in July 461,121 containers

The following release was published by Port of Valencia:

Valenciaport handled 461,121 container...

by Hristijan Ivanov

Port of New York and New Jersey hits 4 million TEU in six months

"The Port of New York and New Jersey handled 708,977 TEUs in June 2024. This marked the port’s fourt...

by Hristijan Ivanov

Maersk opens the doors to its largest Logistics Park at Jeddah Islamic Port in Saudi Arabia

The following release was published by Maersk:

"The 225,000 sq. m. facility, with an investment...

by Hristijan Ivanov

Canadian government steps in to end rail strike and force arbitration

"The Canadian government has stepped in to end the rail strike that only started yesterday." See the...

by Hristijan Ivanov

Maersk - Far East Asia to Med AE11 Service Port Change

The following release was published by Maersk:

We are continuously striving to improve our prod...

by Hristijan Ivanov

New Saudi liner buys first vessel

"Folk Maritime, a recently established Saudi liner, is being linked to its first vessel purchase." S...

by Hristijan Ivanov