News

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...

Port of Oakland September container volume holds steady

The following release was published by Port of Oakland:

The Port of Oakland September container...

China Cosco’s Chen takes over helm at OOIL

"In a leadership change China Cosco Shipping Deputy General Manager Chen Yangfan is taking over the...

NEOM and DSV Establish US$10 Billion Logistics Joint Venture

The following release was published by NEOM:

  • Multi-billion-dollar leading logistics company t...

Growing dominance of the Ocean Alliance risks running the wrath of regulators

"The Ocean Alliance risks running the wrath of regulators given how large it is set to become in the...

MSC Begins Offering to Acquire Shares of Hamburg Port Operator HHLA

"MSC Mediterranean Shipping Company is moving forward with its offer to acquire half of the operatin...

Port of Los Angeles Cargo Volume Increases Again in September

The following release was published by Port of Los Angeles:

For the second consecutive month, P...

Hapag-Lloyd on course to be the world’s only shipping line with smart container fleet

"Tracking devices on 1.6 million containers by 2024. Celebrating 700,000th installation on the path...

DP World signs 30-year concession to operate Dar es Salaam port in Tanzania

The following release was published by DP World:

“We are honoured to partner with the Governmen...

Australian gives the nod to Chinese Firm’s lease on Darwin port

"The Australian government has announced it will not cancel the lease deal of the Port of Darwin ink...

Gloomy outlook for container shipping – and not just for 2024

"The outlook for the global container shipping trades continues to darken, according to Drewry’s lat...

Rotterdam and Antwerp terminals still seeing reduced container volumes

"The ports of Rotterdam and Antwerp-Bruges are reporting drastically reduced container volumes this...

Box lessor Textainer agrees $7.4bn Stonepeak takeover offer

"The last major container lessor with publicly traded shares is set to go private after Textainer ag...

Carriers fight back against sub-economic rates with FAK hikes

"Ocean carriers are planning a wave of sizeable FAK rate hikes across the major east-west tradelanes...

Shipping experts in Korea say HMM buyer must have 'deep pockets'

"South Korean shipping experts have questioned the suitability of the three competitors to buy HMM."...

BAL claims terminal $8.8m congestion surcharges were 'unfair'

"Bal Container Line is seeking $8m in damages from SSA Terminals after filing a complaint with the U...

Brazil's southern ports situation

The following release was published by Maersk:

In our commitment to keeping you informed and en...

Hapag-Lloyd enters Brazilian cabotage market with Norcoast JV

"Hapag-Lloyd and Brazilian firm Norsul have formed 50:50 joint-venture company Norcoast to provide c...

Evergreen line declares force majeure on Israel shipment

"Container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of A...

THE Alliance announces Asia-North Europe change

The following release was published by Hapag-Lloyd:

In consideration of the present market situ...

Freight rates up on long-haul lanes as capacity withdrawn

"Sentiment for rates on long-haul routes has turned positive for the first time since August. Vessel...

Suez Canal fees set to rise

"Fees for transiting the Suez Canal are set to rise by 15% for most vessel types from the 15 January...

Valenciaport handles nearly 386,000 TEUs in September

"The Port of Valencia has announced a year-on-year drop in September container volumes handling 385,...

Cyclone threat closes Oman’s Salalah Port

"Salalah Port, Oman's major cargo gateway and a notable transshipment hub for the West Asia region,...

Evergreen and Copenhagen Infrastructure Partners to jointly explore green fuels

"Evergreen Marine Corporation and Copenhagen Infrastructure Partners (CIP) have signed a Memorandum...

Colossal 24K TEU MSC Mette christened in France

"MSC Mette, a new 24,116 TEU containership owned by Swiss shipping major MSC Mediterranean Shipping...

CMA CGM to reshuffle TMX 1 connecting Turkey, Spain, France, Algeria & Malta

The following release was published by CMA CGM:

As there are always BETTER WAYS to address a ma...

Strongest September on Record at Port of Long Beach

The following release was published by Port of Long Beach:

The Port of Long Beach achieved its...