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HMM to buy back US$1.4 billion of shares to boost corporate value

Container News Team - 0
HMM will buy back up to KRW 2 trillion (US$1.4 billion) of its own shares by the end of June, to be held as...
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Premier Alliance announces Transpacific service updates

Container News Team - 0
The Premier Alliance of HMM, Yang Ming, and Ocean Network Express (ONE) has announced changes to its Transpacific West Coast service network. The new PS5...
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MSC revises East-West trade network

Antonis Karamalegkos - 0
Swiss/Italian ocean carrier MSC will disconnect its Europe-Far East Swan and Far East-US West Coast Sentosa services and combine the latter with the Far...
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US-China tariff reprieve drives surge in large vessel relets

Container News Team - 0
Owners and operators of large container ships in the 5,000 - 7,000 TEU range are busy reletting their vessels to take advantage of firm...
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BIMCO elects new President

Container News Team - 0
BIMCO, the world’s largest shipping association, has elected Paul Pathy, President & CEO of Canada’s largest dry bulk shipping company, Fednav, as President. Pathy was...
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Transpacific exposure trumped bullish charter market in 2024

Container News Team - 0
Transpacific routes proved to be crucial for mid-tier shipping lines in 2024, according to Alphaliner. (adsbygoogle = window.adsbygoogle || ).push({}); US...
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Rates & Surcharges

CMA CGM implements operational protection measures amid India-Pakistan tensions

Antonis Karamalegkos - 0
French ocean carrier CMA CGM has announced a series of network adjustments aimed at mitigating the operational impact of ongoing geopolitical tensions between India...
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Positive Q1 results for Hapag-Lloyd

Antonis Karamalegkos - 0
Hapag-Lloyd concluded the first quarter of 2025 with EBITDA of US$1.1 billion, EBIT of US$487 million and profit of US$469 million. The German ocean carrier...
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Pause in China-US trade war complicates shipper options

Container News Team - 0
An agreement between Chinese and US negotiators to reduce tariffs by 115% and hold fire in their trade dispute for 90 days has further...
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Record cocaine haul in Busan port

Container News Team - 0
More than 700 kilos of cocaine were seized on 10 May by Korea Customs from a container on a ship operated by Hapag-Lloyd, making...
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Yang Ming nears US$1.4 billion in Q1 revenue

Antonis Karamalegkos - 0
Taiwanese shipping company Yang Ming reported total revenues of US$1.38 billion in the first quarter of 2025, while container volumes between China and the...
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MSC Antonia grounding tied to escalating GPS jamming near Jeddah

Container News Team - 0
Three days after running aground off the coast of Jeddah, Saudi Arabia, the 7,000 TEU container ship MSC Antonia remains stranded in the Red...
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Red Sea shipping traffic rebounds as Houthis limit targets

News Alexandros Itimoudis - 0
Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...
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CMA CGM applies new surcharge from Far East to West Africa

Rates & Surcharges Container News Team - 0
French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...
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China to counterbalance Panama setback through South America projects

CN Premium Articles Alexandros Itimoudis - 0
As geopolitical tensions deepen and shipping lanes become politicized battlegrounds, China is recalibrating its approach to the Western Hemisphere. The recent retreat of CK Hutchison...
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PIL christens new 8,200 TEU boxship

News Container News Team - 0
Pacific International Lines (PIL) named its latest 8,200 TEU LNG dual-fuel container vessel, Kota Ocean, at the PSA Terminal in Singapore. The vessel was named...
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Singapore authorities away grounded container barge

News Container News Team - 0
Authorities in Singapore have towed away a container barge that ran aground off the resort island of Sentosa this morning (6 June). ...
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