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Container ship demolition sales surge in January

The first month of 2023 was the busiest month for container vessel demolitions since July 2020, according to a recent VesselsValue report. A total of...

ONE joins forces with Sony for smart container solution

Singapore-based container line Ocean Network Express (ONE) has announced plans to develop and integrate a smart container solution across its global fleet in collaboration...

MSC announces rate increase from India and Pakistan to European major ports

Swiss/Italian container carrier Mediterranean Shipping Company (MSC) has announced the following freight rates, which will be effective from 1 March 2023 until 31 March...

Danish analysts see “price war” behind carriers reaction to recent container demand collapse

Danish maritime data analysis company noted the different approaches of container shipping lines to the demand decrease at the beginning of 2020 caused by...

Cyclone Gabrielle wreaks havoc on New Zealand ports

Container movements to key New Zealand ports have been interrupted as the country declared a state of emergency in the wake of Cyclone Gabrielle...

Maersk sues Evergreen and Shoei Kisen over Suez Canal blockage

A.P. Moller-Maersk confirmed that it has filed a lawsuit against Japan’s Shoei Kisen, the owner of Ever Given, and Evergreen, the operator of the...

Nhava Sheva truckers voice concerns over box scanning delays

Container trailer operators serving India's Nhava Sheva Port (JNPT) are reporting long truck waits and congestion problems at the terminal entry points due to...

Two container vessels suffer severe damage after collision in Vietnam

Two container vessels collided on the Long Tau river in southern Vietnam on 11 February. The two ships and many containers were severely damaged. The...

HMM achieves annual profits of over US$7 billion

South Korean container shipping company HMM saw its revenue rose 34.7% to US$14.57 billion in 2022, while its operating profit increased by 34.8% to...

Shanghai Composite Index falls into triple digits

The Shanghai Containerized Freight Index (SCFI) issued after Chinese New Year 2023 saw the index fall into the triple digits, closing at US$995 for...

Drewry’s World Container Index sinks below US$2,000 for first time in 32 months

The Drewry's World Container Index (WCI) annexed the psychological mark of US$2,000 on the downside for the first time since July 2020, post the...

Iskenderun port fire to cause trade loss of around US$680 million: Russel Group

According to Russell Group, a data and analytics company, the container fire at the Port of Iskenderun in Turkey, caused by the heavy earthquake,...

Latest Posts

Konecranes to supply more cranes to Super Terminais

Brazilian terminal operator Super Terminais is expanding its equipment fleet with the order of three more Konecranes Gottwald ESP.10 mobile harbor cranes, reinforcing its...

Shipping industry calls for action after deadly Red Sea attacks

Leading global shipping associations have issued a joint statement condemning the recent attacks on merchant vessels in the Red Sea, which have resulted in...

Liebherr delivers 2,000th mobile harbour crane to Marcegaglia

A major milestone was reached in European port logistics on 8 July, as Liebherr officially handed over its 2,000th mobile harbour crane, to steel...

Barcelona Port kicks off first Shore Power Project

The Port of Barcelona has officially launched its first Onshore Power Supply (OPS) project for cruise ships, marking a major step in its wider...

Researcher urges caution for South Korean shipbuilders eyeing tie-ups with US peers

The Export-Import Bank of Korea (KEXIM) is calling on the country's shipbuilders to assess the risks before working with US shipbuilders. KEXIM’s Overseas Economics Research...
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