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Red Sea challenges lead to boxship drought for recycling yards

The Red Sea crisis and the higher freight and charter rates are discouraging owners from scrapping older boxships, resulting in a dearth of tonnage...

Maersk to omit Baltimore calls as Singapore authority reveals ship “lost propulsion” before incident

Maersk Line's five services that call at Baltimore port will be affected by the collapse of Francis Scott Key Bridge. The bridge collapsed after the...

Baltimore bridge collapse could cause significant supply chain disruption

The Francis Scott Key Bridge in Baltimore collapsed after being struck by the 10,000 TEU container vessel Dali, deployed on 2M alliance's Far East...

Maersk-operated ship knocks down Baltimore bridge

The Singapore-flagged container vessel Dali, which is chartered by the Danish shipping giant Maersk, crushed into a road bridge in Baltimore, US. The Francis Scott...

Carriers playing catch-up to further tilt supply-demand imbalance

Ocean Network Express (ONE) announced an aggressive midterm plan on 19 March to grow its operated fleet to 3 million TEUs by 2030, representing...

CMA CGM updates rates from Asia to North Europe

CMA CGM has announced new Freight All Kinds (FAK) rates effective from 1 April 2024 (loading date) until further notice. These updated FAK rates are...

CMA CGM teams up with new Saudi line to enhance Red Sea service

French ocean carrier CMA CGM is partnering with Folk Maritime, a new independent feeder and short-sea shipping operator in Saudi Arabia, to commence the...

Maersk relaunches Transpacific service

Maersk aims to improve its Asia - US East Coast service network by restarting the TP20 service. As of mid-April, the Danish shipping company will...

Japan’s Mitsui E&S to equip Bangladeshi deep-sea port

Mitsui E&S Japan has secured a job for the design, manufacture, supply and installation of container handling equipment, terminal operation system, and security system...

Middle East line opens intra-Asia loop to link western India ports

Oman-based Asyad Line is set to launch a container service connecting the Far East and West India, according to information collected from industry sources. To...

Major lines’ margins in negative territory for first time after five years

Mainline operators’ operating profit margins fell into negative territory for the first time since 2018, due to losses in 4Q 2023, according to Alphaliner’s...

Yang Ming vessel knocks over three cranes after hitting Turkish wharf

A ship operated by Yang Ming Marine Transport slammed into a wharf in Turkey’s Evyapport on 16 March, while attempting to dock. The 2015-built 14,000...

Most Popular

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...