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Maersk and Vestas sign mega container cargo deal

A.P. Moller - Maersk has entered into a long-term strategic partnership with the energy solutions provider Vestas for all containerised transport. According to the agreement...

Transpacific box rates have fallen 50% since September

Shippers' relief from the drop in the China-US spot rate market during the first week of October seems to be continuing into November, according to...

Evergreen splashes out on 24,000TEU ships and more containers

Taiwanese liner operator Evergreen Marine Corporation has extended its spree on newbuildings and containers, as its profit continues to climb amid firming freight rates. On...

VesselsValue Report: 2021 Port Congestion

Vessel and port congestion levels in 2021 so far have been unprecedented, significantly impacting capacity in the Container and Bulker sectors and disrupting global...

OOCL warns of fraudulent activities

Orient Overseas Container Line (OOCL) has announced that it recently observed an increase in fraudulent activities and has warned that fraudsters can hack email accounts,...

CMA CGM acquires major LA terminal for US$2.3 billion

CMA CGM Group has signed an agreement to buy a 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held...

Almost all trades impacted by bottlenecks, reports Sea-Intelligence

The Danish research and analysis company Sea-Intelligence has conducted an investigation to examine how bottlenecks in the maritime supply system have impacted vessel delays. The...

THE Alliance to drop Savannah port calls

The Alliance, which comprises Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has announced it will temporarily remove calls at the Port of...

MSC announces new surcharges from Europe to America

The Swiss box carrier MSC will apply new Peak Season Surcharges (PSS), which will take effect by the end of November, for cargoes transferred...

Maersk to open new logistics facility in Jeddah Islamic Port

AP Moller - Maersk has signed an agreement with Saudi Ports Authority (Mawani) to invest US$136 million over a period of 25 years for...

ONE reports 891% increase in profit

ONE has achieved an astonishing year-on-year rise of 891% in its first half profit, totalling US$6.76 billion, according to the company's financial results for...

Potential impact of China’s power crisis on the supply chain industry

The largest container carrier in the world, Maersk Line has warned about the potential impact of the electricity challenges in China on the supply...

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