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Market buzzes in expectation of ULCS building spree

Japanese banks Yamiguchi Financial Group and Ehime Bank have established a joint venture called the West Seto Partnership Agreement (WSPA), with the aim of...

IMO 2020 boosts demand for post-Panamax container vessels

High demand for post-Panamax container ships has resulted in a string of sales since the start of 2020, a trend aided by the new...

CMA CGM downplays fever reports on ship

French liner operator CMA CGM said that all crew members on one of its container ships are in good health, despite reports to the...

VSFLO price decline gathers pace

The decline in the cost of VSLFO has intensified with the approach of the Lunar New Year in China and pressure on the price...

Market decline is a symptom of coronavirus disease

Global trade markets are tense in the face of the novel coronavirus (nCoV) which has spread through parts of China and is hitting transport...

CMB aims for carbon neutrality this year

Belgian shipping company CMB has pledged to achieve net zero carbon status in the course of the current year. The Antwerp-based group, which is celebrating...

HMM changes terminals in Gwangyang port

Hyundai Merchant Marine is expected to shift its cargo handling in Gwangyang port, from Hutchison Ports' terminal, to Gwangyang West Container Terminal (GWCT). South Korea's...

Northern Jupiter owners declare general average

Following the outbreak of fire on the 8,500TEU container vessel Northern Jupiter operated by ONE and owned by Norddeutsche Reederei H. Schuldt, a subsidiary...

Long Beach suffers in Trump’s China trade war

Throughput at the Port of Long Beach fell substantially last year as the impact of the trade dispute with China took its toll. Import cargo...

DP World anger at MUA as dispute intensifies

DP World’s COO Andrew Adam hit back at the Maritime Union of Australia (MUA) accusing the union of “grandstanding” in preference to collective bargaining...

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Levels of piracy are a function of poverty multiplied by the will to subdue it

Munro Anderson, is a partner at the security consultancy Dryad Global, which is involved in the monitoring and advising of shipping lines and local...

Ireland direct link to US starts in June

Direct services between Ireland and the US are returning with the addition of the Port of Cork to the International Container Lines (ICL) transatlantic...

Fire on Cosco boxship causes container losses off South Africa

The 2013-built container ship Cosco Sao Paulo suffered fire onboard and container losses in Cape Town outer anchorage, according to several reports. It is not...

Zhejiang Seaport orders more feeder vessels

Zhejiang Seaport Shipping Company has added to its string of newbuilding orders, with an order of four 1,000TEU feeder ships from the Singapore-listed Chinese ship...