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Folk Maritime announces new Chief Operating Officer

Folk Maritime, a Saudi container line that has recently launched operations, has officially appointed Mohamed Badawy as Chief Operating Officer of the company. "Badawy's extensive...

End of Red Sea crisis to reignite container shipping challenges

Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption regresses. Boxship fleet growth is estimated at 9%...

With Baltimore out, Maersk plots alternative services through eastern North America

Maersk Line is ready to offer services through several gateways from eastern Canada, down to the southern Atlantic Ocean and US Gulf, as it...

WEC Lines announces full rebranding

W.E.C. (West European Container) Lines B.V. is undergoing an official name change to WEC Lines B.V., operating under the trade name WEC Lines, and...

Engineers to open temporary access to Baltimore port

The US Corps of Engineers, who are working to remove the Wreckage of Baltimores Francis Scott Key bridge, will open a temporary channel on...

Seafarer falls from boxship in Busan

Korea Coast Guard is searching for a Filipino seafarer who is believed to have fallen overboard from a container ship in Busan, South Korea. The...

Kerry Logistics reports significant decline in financial figures

Hong Kong-based logistics provider Kerry Logistics Network Limited reported a 42% decrease in revenue, amounting to around US$6.1 billion. Additionally, the company reported a core...

CMA CGM halts operations at Haiti’s major port

Due to escalating security concerns in Haiti's Port-au-Prince and its surrounding areas, CMA CGM has decided to suspend operations at the Lafito terminal until...

Container lines record combined EBIT loss of US$1.44 billion in 2023 Q4

Following Sea-Intelligence's previous announcement on 21 March, which provided insights into the fiscal year 2023 results, the data analysis firm now delves into the...

Ejected Evergreen scion speaks out as minor shareholders mull punitive action

Chang Kuo-wei, youngest son of the Evergreen group’s late founder Chang Yung-fa, has criticized his estranged oldest brother for unilaterally executing transactions to consolidate...

Aponte’s MSC to acquire Italian newspaper group

Swiss/Italian shipping group MSC seems to be interested in buying Genoese newspaper group Secolo XIX, following the steps of its French competitor CMA CGM...

Hapag-Lloyd to increase freight rates from Asia to Latin America

German ocean carrier Hapag-Lloyd has announced an upcoming General Rate Increase (GRI) set to apply to shipments from Asia to the West Coast of...

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Maersk enhances ME2 service, expanding operations to North Europe

Danish container line Maersk has unveiled upgrades to its ME2 service, extending its operations to North Europe. The ME2 service, formerly turning in the Mediterranean...

Renowned economist predicts decline of large container vessels in future trade landscape

The large container vessels might become increasingly obsolete, according to the renowned economist, historian and journalist Marc Levinson, in a future trading landscape, where...

CMA CGM vessel restarts voyage after stalling near New York bridge

One of CMA CGM’s ships has been finally permitted to resume its voyage, after suffering a loss of propulsion just outside the port of...

Kuehne+Nagel “streamlines” repoting structure worldwide

The Board of Directors of Kuehne+Nagel International AG has approved a new direct reporting of the country organisations. "This change sets the course for further...

Hapag-Lloyd takes largest ship-to-ship LBM delivery in Rotterdam

Titan Clean Fuels, a major supplier of liquefied natural gas (LNG) and liquefied biomethane (LBM) to maritime clients, along with STX Group, a global...