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ZIM confirms US$870 million charter deal for 13 boxships

Antonis Karamalegkos - 0
ZIM will charter 13 container ships from Navios Maritime Partners L.P. for a total of approximately US$870 million, according to a new agreement. The charter...
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Maersk agrees to buy US transportation and logistics firm for US$1.68 billion

Antonis Karamalegkos - 0
Maersk has announced its intention to acquire the US-based transportation and logistics company Pilot Freight Services for US$1.68 billion with the closing of the...
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HMM to shift out of Hyundai Group building, removes all Hyundai vestiges

Container News Team - 0
HMM will cut off its last remaining link to the Hyundai chaebol as South Korea’s flagship liner operator will move out of the Hyundai...
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Global container carriers thrive despite signs of rate decline

Container News Team - 0
The latest Xeneta Shipping Index (XSI) Public Indices Report has shown the decline of 3.6% in long-term contracted ocean freight rates in January fails...
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Niche container lines outperform top-14 global ocean carriers in terms of reliability

Container News Team - 0
Sea-Intelligence has reported that schedule reliability dropped from 78% in 2019 to 63.9% in 2020, and then to 35.8% in 2021, which is not...
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MSC increases prices to Middle East and Far East

Container News Team - 0
The Swiss/Italian ocean carrier Mediterranean Shipping Company (MSC) has published fresh Freight All Kinds (FAK) increases for shipments destined to Far East and Middle...
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Maersk’s 20,000 TEU container vessel runs aground off German coast

Antonis Karamalegkos - 0
Maersk has confirmed that its 2018-built Mumbai Maersk has run aground near the Port of Bremerhaven in Germany on 2 February at around 23:00...
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European freight forwarders turn liner operators

Container News Team - 0
Two freight forwarders, UK’s Uniserve and Italy’s Rifline, have begun running liner services to guarantee space to their customers, as tight shipping capacity and...
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Maersk launches warehouse construction in Chittagong

Container News Team - 0
After facing severe logistics challenges in Bangladesh for years, A.P. Moller Maersk has started building a 200,000 square feet (18,580m²) custom bonded warehouse in...
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Economic Survey 2021-22: Global container shortage to remain

Container News Team - 0
India's finance minister Niramala Sitharaman has tabled the pre-budget Economic Survey for 2021-22 in the Parliament that gives an insight into the economic status...
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Yang Ming reportedly makes exceptions with 12-month bonuses

Container News Team - 0
Yang Ming Marine Transport is said to have broken with tradition by giving staff 12-month bonuses, in response to employees clamouring for the Taiwanese...
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After skyrocketed profit earnings, container lines eye investment opportunities

Container News Team - 0
From an investor's standpoint, shipping used to be what they call a 'drag' sector, and shipping company stocks received very less attention when compared...
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Bee Logistics Indonesia deploys professional inter-island transportation services

Services Giannis Nikolakis - 0
Bee Logistics Indonesia has launched two dedicated inter-island transportation services to support the growing domestic trade market across the Indonesian archipelago, which spans more...
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Toll Group to partner with Defence

News Giannis Nikolakis - 0
Toll Group has been selected by Defence to deliver vital equipment, supplies, and support across Australia under the new $1.5 billion Defence Theatre Logistics...
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Marie Maersk to resume voyage after flames contained

News Container News Team - 0
The fire on container ship Marie Maersk has been brought under control after almost two weeks, and the vessel has been deemed safe to...
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How One Mistake by a Truck Driver Can Change Your Life Forever

Sponsored Nondas - 0
A single moment of distraction, fatigue, or misjudgment by a truck driver can have absolutely devastating consequences that ripple through entire families for years....
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How Shippers Secure Fast Capital for Peak Season

Sponsored Nondas - 0
Are you anticipating the surge of peak shipping and freight season?  For importers, non-vessel operating common carriers (NVOCCs), and drayage operators, securing fast funding before...
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