Top News Archives - Page 21 of 275

News

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...

News

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...

News

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...

News

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...

News

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...

CMA CGM poised to overtake Maersk as second-largest liner operator

Antonis Karamalegkos - March 6, 2025 0

French shipping company CMA CGM is set to become the second-largest ocean carrier in the world. The Marseille-based shipping line is poised to surpass...

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Economic Pressures and Geopolitical Shifts Reshape Global Ship Recycling Operations

Alexandros Itimoudis - February 28, 2025 0

Global ship recycling operations hit some of their lowest activity levels in nearly two decades, while undergoing notable shifts. In 2024, only 324 merchant ships...

News

COSCO and Kansai Paint roll out “improved” zinc-coated containers

Container News Team - February 28, 2025 0

China’s state-owned COSCO shipping group and Japanese paint company Kansai Paint are producing zinc-coated containers in a pilot test of the anti-corrosion technology. Its joint...

Services

MSC revises Asia to North America West Coast service network

Antonis Karamalegkos - February 28, 2025 0

Swiss/Italian ocean carrier MSC has decided to proceed with announced changes to its standalone network of its East/West services. In particular, the company will move...

News

Feeder ships now in demand as availability drops

Container News Team - February 27, 2025 0

Boxship chartering activity has turned to the feeder sizes, as supply in this size segment starts diminishing. MB Shipbrokers (formerly Maersk Broker) said the market...

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Mid-sized box carriers active in fleet expansion

Container News Team - February 27, 2025 0

Acquisitions and newbuildings saw mid-tier liner operators expand their fleets beyond the market average for 2024, according to Alphaliner. The consultancy stated that the 18...

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