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CMA CGM achieves massive US$5.6 billion profits

CMA CGM Group has reported an astonishing surge in its profits during the third quarter of the year, reporting US$5.6 billion, while last year...

Top 10: Ship owning nations in the world

November 2021 total fleet values in the following Top 10 Ship Owning Nations list include the following vessel types: Bulker, Tanker, Container, Reefer, Small...

KMTC acquires 900 new reefer containers from Carrier Transicold

The container refrigeration system provider Carrier Transicold and part of Carrier Global Corporation (CARR) will provide Korea Marine Transport Containers (KMTC) with new reefer...

Dalian bans reefer imports

Port of Dalian does not accept import reefer cargo due to another Covid-19 outbreak in China. There is a customs restriction for import reefer cargo...

Zinus agrees with Maersk for fixed-rate stable container supply in 2022

The world's largest container line Maersk will provide Zinus with a stable supply of containers at a fixed price in the next year, allowing...

Container alliances’ market domination alarms White House

The White House has raised concerns about the lack of competition in global container shipping, caused by the domination of the market by the...

US EPA fines MSC container ship over Vessel General Permit violations

On 15 November, the US Environmental Protection Agency (EPA) has assessed penalties totaling US$81,474 against two commercial ships over inspection, monitoring, and reporting violations...

Rate reduction could take 18-30 months, reports Sea-Intelligence

The Danish provider of research & analysis, data and advisory services within the global supply chain industry, Sea-Intelligence has analysed the composite China Containerized...

World’s largest LNG tank container ship launched

Tiger Gas (Shanghai), part of Hong Kong shipping investor Graham Porter's portfolio, has launched the world's largest LNG tank container ship. The ship, Tiger Maanshan,...

Progress in reduction of import boxes on Californian terminals leads to “container dwell fee” postponement

The two ports in Los Angeles and Long Beach have decided to delay consideration of the "container dwell fee" directed at ocean carriers until...

Wan Hai buys chartered feeder ship

Just days after unveiling an additional US$200 million budget to buy second-hand ships, Wan Hai Lines has acquired a vessel. The company is paying US$40.5...

VesselsValue demolition report, June – October 2021

Since the end of the first half of the year, there have been 163 cargo vessels sold for demolition, a 4.5% increase on the...

Most Popular

Singaporean state investment firm Temasek mum on PIL bailout

The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...

High speed and compromised manoeuvring caused Milano Bridge accident

The container ship Milano Bridge had failed to slow down as it attempted to berth in Busan New Port on 6 April 2020, causing...

Chinese shipyards win giant container ship order

Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing)...

MSC Rosa M damages Mumbai crane

The 14,000TEU MSC Rosa M has hit and seriously damaged a crane at the DP World terminal in Nhava Sheva, NSIGT in Mumbai, while...

Taking the personal view for crew working on container shipping

Philip Eastell – Founder of Container Shipping Supporting Seafarers – describes the personal side of container operations at a time when crew, affected by...