Following the collision in the North Sea between the container ship Solong and the tanker Stena Immaculate, industrial plastic pellet pollution has been detected...

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Li family accused of betrayal in Hutchison terminal sale

Container News Team - March 18, 2025 0

Chinese state media Ta Kung Pao has accused the owners of CK Hutchison of betraying the interests of the Chinese people, following the company’s...

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Hanwha takes stake in Australian shipbuilder Austal

Antonis Karamalegkos - March 18, 2025 0

South Korean business conglomerate Hanwha Group now holds a 9.9% stake in Australian shipbuilding firm Austal, according to an exchange filing. The filing revealed that...

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Triton acquires GCI in a deal exceeding US$1 billion

Container News Team - March 14, 2025 0

US container leasing company Triton International will buy its compatriot competitor Global Container International (GCI), according to a report by DynaLiners. The transaction, including outstanding...

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Geopolitics, tariffs and war result in rates bloodbath

Container News Team - March 14, 2025 0

A rates bloodbath is shaping up as fundamentals in supply and demand finally overwhelm the black swan events that have seen shipping lines bank...

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Evergreen’s financial figures skyrocket in 2024

Container News Team - March 14, 2025 0

Taiwan's major shipping company Evergreen Marine Corporation announced improved financial results during 2024. In particular, the ocean carrier reported revenue of TWD 463.6 billion (US$14.1...

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Australian competition body raises concerns over DP World’s Silk Logistics acquisition

Container News Team - March 14, 2025 0

The Australian Competition and Consumer Commission (ACCC) has outlined preliminary concerns about DP World Australia’s proposed acquisition of Silk Logistics. DP World Australia operates container...

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OOCL posts solid revenue and profit growth

Ioanna Kontos - March 13, 2025 0

Orient Overseas (International) Limited, owner of Orient Overseas Container Line (OOCL), has reported strong financial results for the full year 2024, with a total...

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HMM must not be slanted towards containers, says KOBC boss

Container News Team - March 12, 2025 0

The new president of Korea Ocean Business Corporation (KOBC), HMM’s second-largest shareholder, said that South Korea’s flagship container line should diversify further beyond its...

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SM Line’s vessel loses containers in Canada due to weather rolling

Antonis Karamalegkos - March 7, 2025 0

SM Line-operated 4,228 TEU container ship SM Portland has reported significant cargo damage and container losses while transiting to Vancouver, Canada through the Bering...

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HMM’s helm changes hands

Antonis Karamalegkos - March 7, 2025 0

South Korea's major container carrier HMM has named Choi Won-hyuk as its new Chief Executive Officer (CEO). The 65-year-old shipping veteran was selected as the...

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CMA CGM invests US$20 billion to strengthen US maritime and supply chain

Ioanna Kontos - March 7, 2025 0

CMA CGM Group, a global container shipping company and the owner of US flag liner operator American President Lines (APL), has announced a US$20...

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