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Ever Given partially refloated

Convoys on the Suez Canal can resume once the refloated Ever Given has been towed away by tugs, according to the agency company GAC. The...

COSCO suspends Myanmar services

COSCO Shipping Lines (COSCON) has joined several major liner operators in curtailing calls to Myanmar as the recent military coup in the Southeast Asian...

Wan Hai expects tight capacity to continue this year

Wan Hai Lines expects another good year for the container shipping industry, after the Taiwanese carrier's 2020 net profit rose nearly fourfold amid tight...

Ottawa draws up Montreal Port strike contingency plan

Canadian media is reporting that Justin Trudeau’s federal government is drawing up plans to prevent strike action following the overwhelming rejection of the latest...

Maersk joins global methanol association

A.P. Moller - Maersk becomes the first container shipping company to join the Methanol Institute (MI), the global trade association for the Methanol Industry,...

Second update: Ever Given could block Suez Canal for days

Container shipping experts have said that it could be a "good while" before the Ever Given is freed from its position blocking the Suez...

Hapag-Lloyd unveils plans for sustainability note

Hapag-Lloyd AG plans to issue a sustainability-linked corporate senior notes of €300 million (US$356 million), which will comply with the principles of the International...

Industry majors enter partnership with Mærsk Mc-Kinney research centre

Vessel owner Seaspan Corporation has become the latest major maritime company to sign a partnership agreement with the Mærsk Mc-Kinney Møller Center for Zero...

ZIM breaks all time record income during pandemic

Zim has generated the highest net income in its 75-year history during the last year despite the outbreak of the pandemic, according to Eli...

Wan Hai and Evergreen use 2020 incomes on service development

Taiwanese liner operators Wan Hai Lines and Evergreen Marine Corporation will use massive 2020 profits, built on soaring freight rates, to develop their fleets...

Montreal dockers reject latest offer

Union sources say that dock workers at the Port of Montreal have rejected the latest offer made by the Maritime Employers’ Association (MEA) in...

ONE suspends Myanmar import bookings

Ocean Network Express (ONE) has decided to suspend import bookings into Myanmar immediately due to a number of difficulties caused by the coup in...

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Maersk-operated ship knocks down Baltimore bridge

The Singapore-flagged container vessel Dali, which is chartered by the Danish shipping giant Maersk, crushed into a road bridge in Baltimore, US. The Francis Scott...

Carriers playing catch-up to further tilt supply-demand imbalance

Ocean Network Express (ONE) announced an aggressive midterm plan on 19 March to grow its operated fleet to 3 million TEUs by 2030, representing...

CMA CGM updates rates from Asia to North Europe

CMA CGM has announced new Freight All Kinds (FAK) rates effective from 1 April 2024 (loading date) until further notice. These updated FAK rates are...

CMA CGM teams up with new Saudi line to enhance Red Sea service

French ocean carrier CMA CGM is partnering with Folk Maritime, a new independent feeder and short-sea shipping operator in Saudi Arabia, to commence the...

Maersk relaunches Transpacific service

Maersk aims to improve its Asia - US East Coast service network by restarting the TP20 service. As of mid-April, the Danish shipping company will...