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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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Escalating Middle East tensions trigger projected surge in war risk premiums and freight rates

In a significant escalation of tensions in the Middle East, Iran's capture of the MSC Aries, a container ship linked to Israel, has reverberated...

Israeli violence ratchets up Middle East threat levels as Iran responds

Events over the weekend of the 13-14 April have seen rising tensions soar as Iran’s pre-publicised action in retaliation to Israel’s Syrian consulate attack...

MSC-operated ship captured by Iranian forces

MSC told Container News that it is working to secure the release of one of its operated ships that was seized by Iran’s Islamic...

Dali owners declare General Average

Grace Ocean, the owner of the container ship that knocked down the Baltimore bridge in May, has declared a General Average (GA) on the...

Maersk restructures Europe-West Africa service network

Danish ocean carrier Maersk has announced changes in its Europe-West Africa service network, which will take effect from the 17th week of the year. The...