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Leak reveals Aponte is one of world’s richest men

A massive revenue surge amounting to sky-high profits aligned with a tonnage tax that effectively saw negligible taxes levied on shipping lines has pushed...

Is Maersk’s algorithm out of control?

This week the consultancy Linerlytica reported that carriers had accused Maersk of driving down spot rates, in what is an ironic turnaround given that...

Maersk’s weak earnings expose integration strategy failure

The drastic drop in AP Moller-Maersk's 2Q 2023 earnings shows that the Danish group's strategy of integrating shipping and logistics has flopped, while its...

Container vessel sinks in Bangladesh waters

A boxship carrying 96 TEUs of containers sank during an intra-Bangladesh route from the port of Chittagong to the Pangaon Inland Container Terminal in...

MSC receives largest container ship in the world

Shanghai-based Hudong-Zhonghua Shipbuilding (Group) built and delivered the largest container vessel in the world to Mediterranean Shipping Company (MSC). MSC Tessa has a container capacity...

World’s largest container line MSC enters air cargo market

The world's largest container shipping company, MSC Mediterranean Shipping Company SA aims to enter the air freight market, starting the development of a new...

Cargo vessel capsizes and sinks at Turkish port

General cargo vessel Sea Eagle, which was loaded with containers, lost stability and tumbled over during offloading operations at Iskenderun port in Turkey on...

Two containers with same number detected in Chittagong port

The Chittagong Port Authority (CPA) has detected two containers with the same number in its yards. Both the 40-foot containers are bearing the same number:...

Shipping agents threaten to stop carrying cargoes to and from Sri Lanka

Shipping agents in Sri Lanka have warned that shipping lines could stop accepting import and export cargo to and from Sri Lanka as they...

Ningbo on “yellow alert” after new Covid-19 outbreak, Shanghai lockdown continues

It is déjà vu as China’s second-busiest container port, Ningbo port, is now on “yellow alert” after some Covid-19 cases were found. If Ningbo...

Ever Forward: Container unloading operations underway

The removal of containers from Ever Forward has begun with the salvors aiming to lighten the load of the ship before the next refloat...

German retailer Lidl sets up its own shipping line

Lidl, part of Schwarz Group and one of the largest retailers in the world, has set up its own container shipping company aiming to...

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HMM, ONE launch new Far East Latin America Express service

HMM and Ocean Network Express (ONE) will introduce an enhanced service connecting Far East Asia with Latin America. This new product, named Far East-Latin America...

Hapag-Lloyd implements new peak season surcharges worldwide

Hapag-Lloyd has announced several peak season surcharges (PSS) worldwide effective from the next days in July and early August. The German ocean carrier will apply...

Extreme weather halts container traffic at Cape of Good Hope

Severe weather conditions near the Cape of Good Hope have halted container traffic this week, according to an analysis by LSEG Shipping Research. "We have...

CMA CGM ship loses 44 containers off South Africa

The 18,000 TEU container vessel CMA CGM Benjamin Franklin encountered severe weather off the coast of South Africa, resulting in the loss of 44...

Record-breaking demand for ocean container shipping adds to perfect storm in market

Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion. The 15.94 million TEUs...