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Major container lines make history with US$41.6 billion earnings in 2022 Q2

Danish maritime analysis company Sea-Intelligence looked at the financial and volume results posted by the major container carriers for the second quarter of the...

MSC could face default penalty in MCS’ FMC complaint

MSC is facing a default judgement from the US Federal Maritime Commission (FMC) in the complaint brought by US furniture maker MCS Industries, after...

Felixstowe port workers announce new strike action

Workers at the port of Felixstowe will go on another strike after the failure in negotiations between the British trade union Unite and CK...

Container spot rates on a free-slide

The Drewry’s World Container Index (WCI) slid another 5.01% to end at US$5,378.68. The fall has been so sharp, such that the Index has...

Shanghai and Ningbo ports brace for typhoon Muifa

Chinese authorities have begun taking precautions with yet another typhoon approaching the Yangtze River Delta. Barely a week after super typhoon Hinnamnor brushed past Shanghai,...

Ukraine war drives port of Constanta rapid container growth

Port of Constanta in Romania, which is located at the crossroads of the trade routes linking markets of the landlocked countries of Eastern Europe...

Seafarers rescued from burning boxship off Xiamen

Nineteen seafarers on a Chinese domestic container ship, Zhong Zhou Chang Hong, were rescued by local search and rescue personnel, after a fire broke...

British trade union confirms two-week strike action at Port of Liverpool container division

British trade union Unite has confirmed that more than 560 port operatives and maintenance engineers will take strike action from 06:00 (local time) Monday...

Rodolphe Saadé expects shipping demand downturn, while CMA CGM reports another profit jump

French container carrier CMA CGM has announced huge year-on-year increases in its financial figures for the second quarter of the year, reporting a net...

Chinese ports drilled into closed-loop mode amid new Covid outbreaks 

Having experienced on-off lockdowns since the Covid-19 pandemic started in 2020, major container ports in China are now ever-ready to impose closed-loop operations as...

Three dead in container explosion in Italy

A container on the working deck of the offshore supply ship ASSO exploded on the evening of 31 August, killing three crew members and...

Oil tanker blocked Suez Canal for more than five hours

The Suez Canal again on global media headlines with over five hours remained blocked as the oil tanker Affinity V ran aground while crossing...

Latest Posts

US rejects shipping climate framework amid maritime powerplay

Geopolitical tensions escalate as Washington threatens retaliation against nations supporting IMO's Net-Zero Framework, revealing deeper strategic competition in global maritime dominance. ...

Port of Aarhus sees record 45% jump in container volumes

The Port of Aarhus has smashed multiple records in 2025, with container traffic hitting new all-time highs. July alone saw volumes surge over 45% year-on-year,...

COSCO leads in Far East-Indian Subcontinent/Middle East lane

COSCO Shipping Lines is the largest player in the Far East-Indian Subcontinent/Middle East/Red Sea trade, with a market share of around 13%, with 250,000...

HMM posts H1 2025 profit despite rate pressures

HMM closed the first half of 2025 with solid profits, despite weaker freight rates and global trade challenges. Revenue for H1 reached KRW 5,477 billion,...

Maritime security under traditional and digital threats

As the United Nations Security Council convened this week for critical deliberations on maritime security, the discussions underscored a troubling reality: the ocean highways...
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