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CMA CGM upgrades its Asia – Africa network

French carrier CMA CGM announced the revamping of its services connecting Asia with West and South Africa, effective from the first week of December. CMA...

Rates continue falling with capacity additions          

Transpacific rates came under more pressure last week as liner operators began adding capacity. The Shanghai Containerised Freight Index (SCFI) on 10 November showed that...

Maersk reshuffles services in Far East – Africa network

A.P. Moller-Maersk has announced several changes to its services between the Far East and Africa. The Danish carrier said the updated FEW (Far East-West Africa)...

No sign of nearshoring, according to Sea-Intelligence analysis

Since the onset of the pandemic, there has been considerable focus on the concept of nearshoring, where production is brought closer to the consumers,...

HMM’s financial figures sink in 2023

South Korean ocean carrier HMM reported that its third-quarter revenue decreased by 58% to US$1.6 billion. At the same time, the company's operating profit was...

CNC enhances intra-Asia network with new services

CNC Shipping Line, the intra-Asia short sea specialist of CMA CGM Group, is introducing three new services, BBX7, KJF and TSS. BBX7 service will directly...

Hong Kong police bust drug smuggling attempt on PIL ship

Suspected cocaine with a street value of US$50 million was found in a Pacific International Lines (PIL) container ship that arrived in Hong Kong...

Analyst says Maersk rate cutting behind Q3 losses

Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk...

Yang Ming nears US$3.5 billion revenue and US$200 million profit in 2023 9M

Yang Ming Marine Transport Corporation published its financial report for the third quarter of 2023. The company's consolidated revenue for the third quarter was US$1.16...

2M dissolution shifts to Atlantic

Dismantling the 2M alliance has focused on the transatlantic trade with Maersk and MSC dissolving the shared operations in two major loops, with a...

APM Terminals new shipping line dashboard helps port stay reduction

APM Terminals has already met its 2023 target of a 20% decrease in port stays compared to a baseline in 2021. The global port operator...

HMM organises tree plantation drive in India

South Korean shipping company HMM organised a tree plantation drive in collaboration with Green Yatra, a leading environmental NGO, as a part of Corporate...

Latest Posts

Global Ship Lease receives affirmed credit ratings and stable outlooks

Global Ship Lease announced that three major credit rating agencies have reaffirmed the company’s credit ratings and maintained stable outlooks. Moody’s Investors Service upheld its...

European carriers dominate global container shipping

In the ever-evolving landscape of global container shipping, European carriers continue to hold a commanding lead, despite fierce competition from Asia. According to the...

KWE expands partnership with Cathay Pacific

Kintetsu World Express (KWE) signed an expanded agreement with Cathay Pacific Airways to extend its use of Sustainable Aviation Fuel (SAF) through 2027. KWE...

Wärtsilä to power major mining project in Pakistan

Wärtsilä has landed a major contract to supply a 204-megawatt power plant for the Reko Diq copper-gold mining project in Pakistan. The plant will...

Everllence reaches landmark ME-GI engine

Everllence CEO Dr Uwe Lauber presented Hapag-Lloyd CEO Rolf Habben Jansen and Managing Director Fleet Silke Lehmköster with a commemorative plaque celebrating Hapag-Lloyd’s purchase...
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