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Stronger financial results, lower box volumes for OOCL in 2022

Orient Overseas (International) Limited, the parent company of Orient Overseas Container Line (OOCL) announced the full-year results for 2022, reporting revenue of US$19.82 billion. In...

Container movement to fall in 2023: Mizuho Bank

Mizuho Bank's industry research division predicts that demand for maritime container transport will fall in 2023 in a study on current supply and demand...

MSC enhaces KIWI service connecting Australia, New Zealand and Thailand

MSC announced the enhancement of its KIWI service which will connect Australia, New Zealand and Thailand on a weekly basis. The full rotation of the...

MSC upgrades ScanBaltic to US service

MSC introduced the expansion of its ScanBaltic to the United States service, which links the Northwest region and markets in the US. The new rotation...

Hapag-Lloyd increases freight rates from Asia to Latin America

Hapag-Lloyd announced a new General Rate Increase (GRI) from Asia to the West Coast of Latin America, Mexico, Caribbean and Central America. The German carrier...

Chittagong port to receive larger vessels

The Chittagong Port Authority (CPA) officially invited larger ships to take a berth in its jetties, to enhance productivity, leading to low import costs...

A. P. Moller – Maersk to divest Maersk Supply Service

A.P. Moller - Maersk has agreed to divest Maersk Supply Service (MSS), a supplier of worldwide offshore maritime services and project solutions for the...

Maersk upgrades Oceania service

Maersk has announced that its Polaris service will be upgraded to a weekly service, effective from April. The Danish ocean carrier said the Polaris service...

Maersk introduces API-integrated reefer solution with shareable datalog

A.P. Moller – Maersk announced the launch of the new Captain Peter Integrated package, enabling data integration with Application Programming Interface (API) for its...

THE Alliance stops Cape of Good Hope diversions

THE Alliance has stopped rerouting ships around the Cape of Good Hope on the Asia-Europe route. The rerouting was a temporary measure as sailings were...

FMC imposes nearly US$1 million fine against Wan Hai

The Federal Maritime Commission (FMC) has confirmed a fine of US$950,000 against Wan Hai Lines. The Taiwanese box line has also agreed to refund...

Is integration strategy one-way street for container carriers?

The diversity of services and/or products that a company can provide can help in its financial results, according to Bronson Hsieh, former chairman of...

Latest Posts

GEODIS rolls out new digital sales platform

GEODIS has officially launched a new fully digital sales platform in France, in a move aimed at making logistics more accessible to small and...

Port Newark adds new electric truck charging station

The Port Authority of New York and New Jersey has unveiled a new electric truck charging station at Port Newark. This is a significant...

China’s decision to merge the main shipyards reflects an attempt to maritime dominance

China’s recent decision to merge its two massive shipbuilding conglomerates, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), has quietly set...

CMA CGM reaches 4 Million TEU milestone

Based on Alphaliner's latest report, French container shipping powerhouse CMA CGM has officially crossed the 4 million TEU mark in operated capacity. This growth...

Global Ship Lease receives affirmed credit ratings and stable outlooks

Global Ship Lease announced that three major credit rating agencies have reaffirmed the company’s credit ratings and maintained stable outlooks. Moody’s Investors Service upheld its...
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