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OOCL’s revenue more than halved in 2023 first quarter

Ioanna Kontos - 0
Orient Overseas Container Line (OOCL) announced that its total revenues dropped by 57.8% to approximately US$2.2 billion in the first quarter of 2023, compared...
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Dalian begins works on new MSC LNG-powered 16,000 TEU vessel

Ioanna Kontos - 0
Dalian Shipbuilding (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has begun the construction of the 10th LNG-powered 16,000 TEU container ship for...
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Container lines’ profit margins fell in 2022

Container News Team - 0
Container shipping companies' profit margins hit a two-year low in the fourth quarter of 2022, as rates and demand plunged. According to Alphaliner's latest report,...
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Ocean carriers increase schedule reliability, Maersk ahead of competitors

Container News Team - 0
The ocean carriers' global schedule reliability increased sharply by 7.7% month-to-month in February 2023, reaching 60.2%, according to Sea Intelligence. On a year-to-year level, schedule...
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Hapag-Lloyd to launch new service in Latin America

Container News Team - 0
Hapag-Lloyd has announced it will commence a new service in Latin America, named WCSA Feeder 4 (WS4). The new service will launch in June and...
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PSA Terminal leads Nhava Sheva Port’s fiscal 2023 throughput growth

Container News Team - 0
Nhava Sheva Port (JNPT), India's busiest public gateway, logged an all-time throughput high in the fiscal year 2022-23, which ended on 31 March, according...
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Boxship demolition slows to crawl

Container News Team - 0
The expected tsunami of container vessels sold for demolition is evaporating. Liner operators are intent on chasing market share despite the correction in freight...
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Hapag-Lloyd implements new rate increase from East Asia to North America

Container News Team - 0
Hapag-Lloyd announced a general rate increase (GRI) from East Asia to North America for cargo transported in dry, reefer and special containers, including high...
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ZIM quits Pacific Southwest lane again as ZEX service axed

Container News Team - 0
ZIM will withdraw its eCommerce Xpress (ZEX) service, which was launched during the peak of the freight market in 2020, at the end of...
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World Shipping Council defends vessel-sharing arrangements

Ioanna Kontos - 0
The World Shipping Council (WSC) released a statement supporting the use of vessel-sharing arrangements (VSAs), which are being phased out under a new US...
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Advisors appointed for HMM sale

Container News Team - 0
Samsung Securities has been appointed to manage the sale of the South Korean government’s shares in HMM, while Samil PricewaterhouseCoopers and law firm Lee...
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Hapag-Lloyd upgrades Oceania-North America service

Ioanna Kontos - 0
Hapag-Lloyd announced an update on North America Westcoast - New Zealand - Australia (WSN) service. The German ocean carrier said the bi-weekly service rotation will...
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Latest Posts

Flinders Port Holdings announces $350 million investment

News Giannis Nikolakis - 0
Flinders Adelaide Container Terminal (FACT) is poised for a major transformation with an investment exceeding $350 million to boost its capacity and operational efficiency....
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Port of Hamburg to invest €1.1 billion

Port News Antonia Saratsopoulou - 0
Hamburg embarks on a transformative €1.1 billion investment in its port infrastructure, with a focus on expanding and modernising operations at the Waltershofer Hafen,...
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Volatility returns to the Red Sea after new Houthis attack

CN Premium Articles Alexandros Itimoudis - 0
In July 2025, the Red Sea remained a focal point of conflict driven by Houthi rebel activities, with significant military and economic implications. On July...
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ABB and Royal Caribbean Group sign 15-year fleet service agreement

Out of the Box Giannis Nikolakis - 0
ABB has signed a 15-year fleet-wide service agreement with Royal Caribbean Group, expanding a decades-long partnership and reinforcing ABB’s role in advancing maritime performance...
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How to Use a Freight Shipping Calculator Effectively

Sponsored Nondas - 0
Today, the process of shipping is way more complicated than moving items from one place to another. Seeking the best possible routes and transport...
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