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MSC establishes new MEDLOG cold store facility in South Africa

MSC announced the opening of a state-of-the-art 15,000-metre cold storage facility in Durban, South Africa. The facility, part of MSC’s MEDLOG logistics division, aims to...

OCEAN Alliance rolls out new service network

OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called "DAY 8 Product". After extending...

Carriers ‘undo’ rate hikes on India-US trades amid cargo volume pressure

Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump...

ABB, Kuenz secure record crane order for Dutch container terminal

Global engineering company ABB and Austria-based crane manufacturer Kuenz have secured the largest single order for Automatic Stacking Cranes (ASC) ever placed by a...

Hijacked Bangladeshi ship reaches Somalia; Crew remains hostage

A security ship followed the Bangladeshi hijacked ship Abduallah and fought with the pirates on Wednesday (13 March) night, according to a crew member...

We Asked AI: The Largest Container Ship in 2050

We asked an Artificial Intelligence (AI) system to provide us with a glimpse of the potential appearance of the largest container ship in 2050. The...

DP World’s profit drops despite consistent financial performance

DP World, one of the largest container port and terminal operators globally, has announced its financial results for the previous year. According to the company's...

Maersk circles DB Schenker as it ponders acquisition

Maersk has appointed financial advisors to help the carrier evaluate its freight forwarder target DB Schenker which was put up for sale last year. Danish...

ONE establishes new West Asia regional headquarters in Dubai

The sixth largest container line in the world, Ocean Network Express (ONE) has opened its new West Asia regional headquarters in Dubai, UAE. "This strategic...

Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...

Singaporean bulk carrier hit by Houthi missiles in mistaken identity

Houthi rebels have apparently fired at a Singaporean-owned bulk carrier after mistaking it for a US ship. The 2012-built Singapore-flagged Supramax vessel, Propel Fortune, was...

Red Sea challenges boost charter rates

Analysts and brokers are continuing to report charter rates spiralling upwards as carriers look to plug gaps in their diverted Asia to Europe services...

Most Popular

Maersk-operated ship knocks down Baltimore bridge

The Singapore-flagged container vessel Dali, which is chartered by the Danish shipping giant Maersk, crushed into a road bridge in Baltimore, US. The Francis Scott...

Carriers playing catch-up to further tilt supply-demand imbalance

Ocean Network Express (ONE) announced an aggressive midterm plan on 19 March to grow its operated fleet to 3 million TEUs by 2030, representing...

CMA CGM updates rates from Asia to North Europe

CMA CGM has announced new Freight All Kinds (FAK) rates effective from 1 April 2024 (loading date) until further notice. These updated FAK rates are...

CMA CGM teams up with new Saudi line to enhance Red Sea service

French ocean carrier CMA CGM is partnering with Folk Maritime, a new independent feeder and short-sea shipping operator in Saudi Arabia, to commence the...

Maersk relaunches Transpacific service

Maersk aims to improve its Asia - US East Coast service network by restarting the TP20 service. As of mid-April, the Danish shipping company will...