Antonis Karamalegkos
Global container trade grows in January
In January, seaborne container trade saw a 5.8% year-on-year increase, according to Container Trades Statistics.
Overall, trade lane performance was positive, with 32 routes recording...
SITC revamps intra-Far East coverage
Hong Kong-based shipping line SITC has announced the revision of its Japan/China-Philippines network.
SITC decided to add the new CPX4 service and change the existing...
MSC shortens intra-Far East service
Swiss/Italian ocean carrier MSC has decided to drop Tanjung Pelepas, Subic Bay, Manila and Shanghai from its intra-Far East Origami service, according to DynaLiners.
Additionally,...
DP World reports improved financial results for 2024
DP World Limited recorded revenue of US$20 billion in 2024, marking a 10% growth compared with the previous year, while adjusted EBITDA rose by...
ZIM bounces back to profit after 2023 losses
Israel-based container carrier ZIM reported total revenues of US$8.43 billion for the full year of 2024, compared to US$5.16 billion for the full year...
Yang Ming records US$2 billion in annual net profit
Taiwan's major ocean carrier Yang Ming Ming reported consolidated revenues of US$6.94 billion and a net profit after tax of US$2 billion, resulting in...
North Sea Accident: Container Ship Captain Arrested
The captain of the Portuguese-flagged container vessel Solong, which was involved in a collision with the tanker Stena Immaculate in the UK North Sea...
North Sea ship collision leaves seafarer missing, raises chemical spill fears
US-based logistics company Crowley, the operator of the tanker Stena Immaculate, confirmed the vessel involvement in a North Sea allision with the container ship...
Hapag-Lloyd’s HGT acquires majority stake in French port operator
Hapag-Lloyd's Terminal & Infrastructure division Hanseatic Global Terminals (HGT) has completed the acquisition of 60% of the shares in CNMP LH, the operator of...
Container ship and tanker collide in North Sea, fires reported; Emergency response underway
A container ship and a tanker collided in the North Sea, with fires reported on both vessels. The alarm was raised at 09:48 GMT,...
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Port of Long Beach appoints new managing director of engineering services
The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...
DP World and J.P. Morgan launch partnership
DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...
Red Sea shipping traffic rebounds as Houthis limit targets
Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported.
However, it still falls short...
CMA CGM applies new surcharge from Far East to West Africa
French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...
