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Red Sea Crisis: Spiralling ocean freight rates from Far East to US may have peaked

The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to...

Wan Hai and ONE launch joint service to link Asia with US West Coast

Taiwan's ocean carrier Wan Hai Lines has announced the revamp of its Asia-Pacific Service (AP1), to enhance its current network on the United States...

Houthi missiles hit Greek ship

Lycavitos, a Greek-owned supramax bulk carrier, operated by Helikon Shipping Enterprises, was damaged by Houthi missiles in the Gulf of Aden yesterday (15 February)...

CMA CGM receives first container ship in a series with unique design

The CMA CGM Group has announced the delivery of the pioneering CMA CGM Mermaid, the inaugural vessel in a series of 10 cutting-edge 2,000...

Red Sea crisis sees COSCO and MSC perform ad hoc North Europe-Med feedering

COSCO Shipping Lines and MSC have each taken out a ship from their Transatlantic services to feeder containers between North Europe and the Mediterranean,...

ONE unveils new Transpacific service

Ocean Network Express (ONE) has announced the launch of the Asia Pacific 1 (AP1) service, a new route connecting Asia with the United States...

China-US container leasing rates rise threefold, container demand recovery on the horizon

The global shipping industry experienced a significant surge in rates over the past couple of months, as an aftermath of the Red Sea crisis. Three...

How long can Maersk investors tolerate below-par performance, wonders Linerlytica

Maersk blamed overcapacity for its record EBIT losses in the fourth quarter but it failed to mask the fact that it has continuously underperformed...

Braemar sees looming crisis in feeder sector

Demand for feeders is rising mainly as a consequence of the Red Sea crisis which has had a knock-on effect on demolition, but ultimately...

Worker killed as shipbuilding structure topples in HD Hyundai Heavy Industries

A shipbuilding structure weighing 9,000 tonnes came loose at South Korean shipbuilder HD Hyundai Heavy Industries (HHI) on the evening of 12 February, killing...

Fatal assault claims four lives at Greek shipping firm offices

Reports indicate that a tragic incident unfolded at a Greek shipping company located in the southern Athens suburb of Glyfada on Monday, 12 February...

CMA CGM replaces Brazilian port call on BRAZEX service

French box line CMA CGM has announced changes to its weekly BRAZEX service connecting the US Gulf, Latin America and the Caribbean. Commencing with the...

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CMA CGM introduces Red Sea contingency fee

Marseille-headquartered box line CMA CGM will implement a contingency charge from 1 March due to the additional expenses caused by rerouting services via the...

WEC Lines enhances its reefer container fleet

WEC Lines has decided to enter the refrigerated container market by adding 45ft reefer boxes to its container fleet. The company has added the first...

Crew from sunken cargo ship saved as South Korean president steps in

All 11 seafarers on a general cargo ship were rescued by the Korea Coast Guard shortly before their vessel sank, in an event that...

Red Sea Crisis: Spiralling ocean freight rates from Far East to US may have peaked

The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to...

Wan Hai and ONE launch joint service to link Asia with US West Coast

Taiwan's ocean carrier Wan Hai Lines has announced the revamp of its Asia-Pacific Service (AP1), to enhance its current network on the United States...