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US shipper seeks US$347 million compensation in MSC case

Container News Team - 0
DK Butterfly-1 Inc. is looking to recoup costs and reparations for losses during the pandemic of up to US$347 million in a complaint filed...
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MSC introduces Panama Canal surcharge

Container News Team - 0
MSC has announced it will implement a Panama Canal Surcharge (PCS) of US$297 / container for cargo from Adia to the Caribbean transiting the...
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Boxships now hit by Panama Canal crossing restrictions

Container News Team - 0
Container ships are now being held up in the Panama Canal as the number of transit slots for such vessels will be reduced from...
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CMA CGM increases freight rates from Asia

Container News Team - 0
French ocean carrier CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The following...
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Filling larger ships is ZIM’s challenge

Container News Team - 0
Israel-based ZIM Integrated Shipping Lines aims to fill its newbuildings that will replace expensive chartered tonnage with similarly expensive chartered ships, that are 50%...
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HMM bid now down to two South Korean groups

Container News Team - 0
South Korea’s Dongwon Group and Harim Group will be vying to take control of the country’s flagship box line HMM. Dongwon, South Korea’s largest fishing...
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MSC announces rotation change of Santana service

Ioanna Kontos - 0
MSC will change the port rotation of its Santana service as part of its ongoing efforts to simplify services for greater schedule reliability and competitive...
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Maersk halts operations in Syria

Antonis Karamalegkos - 0
A.P. Moller – Maersk has decided to formally wind down its operations in Syria effective from 1 December 2023. "This means we will no longer...
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Box lines’ margins worsen past pre-Covid levels

Container News Team - 0
The largest liner operators’ latest financials show that their average operating margins have plunged to a very slim 1.5% in Q3 2023, lower than...
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Mersin International Port unveils US$455 million project to boost container capacity

Ioanna Kontos - 0
Mersin International Port Management (MIP), a joint venture between PSA International, Akfen and IFM, launched a US$455 million East Med Hub 2 (EMH2) Project...
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Hapag-Lloyd opens new technology center in India

Antonis Karamalegkos - 0
German shipping company Hapag-Lloyd opens today (22 November) its new technology center in Chennai, India, where a team of 180 IT professionals will develop...
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Charter rates fall to three-year low, more pressure seen

Container News Team - 0
Boxship charter rates have plummeted to a three-year low, but are still 36% higher than average levels in 2019, the year before the Covid-19-fuelled boom began. Linerlytica’s latest report,...
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EcoNavis begins production of Eco Boss Cap

News Antonia Saratsopoulou - 0
EcoNavis Solutions has officially kicked off production of its innovative Eco Boss Cap. Eco Boss Cap is a new propeller hub retrofit designed to...
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CONPAS enables direct export container booking at Hanshin Port

Port News Giannis Nikolakis - 0
Container Fast Pass (CONPAS), a port information system developed and operated by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), will allow container...
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Cargo-partner grows UK road services from Bradford

News Antonia Saratsopoulou - 0
Cargo-partner, a group company of NIPPON EXPRESS HOLDINGS, INC., marks a significant milestone in its UK operations, expanding its road transport services from Bradford,...
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Port of Long Beach to offer free harbor cruises

News Antonia Saratsopoulou - 0
The Port of Long Beach is inviting the public aboard for a rare, up-close look at one of the world’s busiest seaports this Saturday,...
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Freightos Weekly Update: Transpacific ocean rates continue to slide

Industry Opinions Container News Team - 0
"President Trump signed an executive order on Monday extending the pause of the White House’s reciprocal tariff roll outs for a long list of...
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