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Torched container ships halved in 2024

Boxship demolitions in 2024 halved from 2023 as the Red Sea crisis sent freight rates to post-Covid-19 peaks. Just 56 vessels, or 80,950 TEUs,...

Dali deployed to Central America service in post-accident return

Dali, the container ship that knocked down the Francis Scott Key Bridge in Baltimore in March 2024, has resumed service after two months of...

Can US-Japan-Philippines Triangle Counter China’s Shipping Dominance?

The prospect of Japan, the Philippines, and the United States forming a trade shipping alliance in the context of ongoing territorial disputes and trade...

Assessing Impact of COSCO’s Potential Expulsion from Piraeus Port

Following the United States blacklisting of Chinese shipping giant COSCO, the owner and operator of the port of Piraeus, the operations at the major...

Rapid rate declines expected in February

Vespucci Maritime CEO Lars Jensen said in a Baltic Exchange report that the alliance reshuffling is expected to result in short-term overcapacity in February. This...

US ramps up sanctions against Russia

In the waning days of Joe Biden's presidency, US officials have launched their most extensive set of sanctions, targeting the so-called "dark fleet" along...

ZIM joins “Move to -15” coalition

ZIM announced its participation in the “Move to -15” coalition, a cross-industry alliance aiming to cut emissions in the cold chain sector by raising...

Yemen ports face new strikes by US and Israeli forces

According to several reports, a US Coalition has made airstrikes on the Harf Sufyan District of Western Yemen in the North of the Capital...

Container Lines Orderbook Rankings

In the dynamic world of global shipping, understanding the capacity and fleet size of major container line operators is crucial. The latest orderbook rankings, sourced...

OOCL nears US$10 billion in annual revenues

Hong Kong-based container carrier Orient Overseas Container Line (OOCL) achieved a 55% increase in its 2024 fourth quarter revenues, compared to the same period...

Gemini unveils intra-Far East feeder service network

Gemini Cooperation of Maersk and Hapag-Lloyd has announced a set of joint intra-Far East feeder services centered on Maersk’s hub of Tanjung Pelepas and...

What a difference a year makes

Red Sea diversions were in their infancy in January last year and followed a series of major industry challenges, including the pandemic, the Ever...

Latest Posts

We asked AI: What if container ship’s deck transformed into a neighborhood?

Imagine a neighborhood gently rocking with the waves. Sounds wild? Maybe. But also kind of brilliant. We asked AI, what if a container ship's...

CULines launches JCT Service

CULines has introduced its latest service offering -JCT (Japan–China–Thailand)- aimed at boosting regional connectivity across East and Southeast Asia. The new direct service officially...

PT SPIL powers ahead with solar energy initiative

In a meaningful step toward greener operations, PT SPIL has begun harnessing solar energy at one of its main facilities, reinforcing its commitment to...

Port of refuge deal closer for more stable Wan Hai 503

Salvage teams assisting with the Wan Hai 503, which suffered a cargo fire on 9 June, have further stabilised the ship and reduced the...
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