Maersk's first-quarter performance aligned with the company's expectations, reflecting a notable earnings rebound from Q4 2023. The positive results were propelled by Terminals' solid performance...

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Gulftainer facilitates successful rail cargo operation from Al Jubail to Al Riyadh

Ioanna Kontos - May 1, 2024 0

Gulftainer, a major operator of regional ports and terminals, celebrated a significant achievement in its logistics operations in Saudi Arabia. Through its subsidiary, Gulf Stevedoring...

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Houthis fire another MSC-operated vessel

Container News Team - May 1, 2024 0

MSC-operated 15,000 TEU container ship MSC Orion was targeted by a long-range Houthi drone in the Indian Ocean on 26 April with Houthi spokesperson...

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Unifeeder opens new office in Panama City

Container News Team - May 1, 2024 0

Unifeeder Group opens a new office in Panama City, continuing its expansion in Latin America. This latest investment follows the opening of new routes...

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Nigeria unveils Maersk’s massive port investment; No confirmation from Maersk

Antonis Karamalegkos - May 1, 2024 0

A.P. Moller-Maersk is reportedly poised to embark on a substantial US$600 million investment in Nigerian port facilities. Nigerian President, Bola Tinubu, has indeed announced that...

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BANDS and Linerlytica launch innovative virtual container trading competition

Antonis Karamalegkos - May 1, 2024 0

BANDS Financial and Linerlytica launch the first virtual container freight futures trading competition exclusively for companies and executives involved in the container shipping sector...

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Reverting impact of Red Sea Crisis on schedule reliability

Ioanna Kontos - April 30, 2024 0

Sea-Intelligence has released the latest edition of the Global Liner Performance (GLP) report, featuring schedule reliability data up to March 2024. The report of the...

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Hapag-Lloyd approves dividend allocation of €9.25 per share

Antonis Karamalegkos - April 30, 2024 0

The shareholders of German shipping company Hapag-Lloyd AG approved with the required majority all items on the agenda put to the vote at the...

News

FMC asks for financial relief for Baltimore businesses

Container News Team - April 30, 2024 0

Commissioner of the US Federal Maritime Commission (FMC) Carl Bentzel has written to US President Joe Biden to ask for financial aid to staff...

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ONE’s profit falls short of US$1 billion mark in FY 2023

Ioanna Kontos - April 30, 2024 0

Ocean Network Express (ONE) has unveiled its results for the financial year (FY) 2023, starting in April 2023 and ending in March 2024. During this...

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Global liner growth projections built on low volume comparisons

Container News Team - April 29, 2024 0

Early projections for this year’s liner shipping growth may be prejudiced by the slow growth that the global economy experienced over the past two...

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Wärtsilä and COSCO sign largest order for methanol-fuelled newbuild boxships

Ioanna Kontos - April 29, 2024 0

Wärtsilä has secured a significant contract to supply methanol-fuelled auxiliary engines to twelve new container vessels. Five of these vessels are for COSCO Shipping Lines,...

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