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Japanese JV to construct new container port in Bangladesh

A joint venture of Japanese construction groups Penta-Ocean Construction and TOA Corporation has been chosen to build the new Matarbari port in Bangladesh. The US$500...

CMA CGM announces PSS for West Africa, Med & Black Sea

In its ongoing commitment to providing reliable and efficient services, CMA CGM has announced a Peak Season Surcharge (PSS) effective 1 from April 2025,...

MSC announces changes in Far East service

According to DynaLiners report, the world's largest container carrier MSC has realigned its intra-Far East Pertiwi service, replacing the port of Tanjung Pelepas with...

Geopolitics, tariffs and war result in rates bloodbath

A rates bloodbath is shaping up as fundamentals in supply and demand finally overwhelm the black swan events that have seen shipping lines bank...

MSC increases rates from Far East to North Europe

Swiss/Italian box line MSC announced updated freight rates from Far East ports (including but not limited to ports in Japan, Korea and Southeast Asia)...

Yang Ming records US$2 billion in annual net profit

Taiwan's major ocean carrier Yang Ming Ming reported consolidated revenues of US$6.94 billion and a net profit after tax of US$2 billion, resulting in...

HMM must not be slanted towards containers, says KOBC boss

The new president of Korea Ocean Business Corporation (KOBC), HMM’s second-largest shareholder, said that South Korea’s flagship container line should diversify further beyond its...

Gemini to facilitate return to JIT deliveries

Improvements in the reliability of scheduling offered by the Gemini Cooperation on their new hub and spoke services could see a return to just-in-time...

Somalia grants port access to Ethiopia in bid to resolve territorial dispute

Somalia might allow Ethiopia, a landlocked country, to utilize one of its Indian Ocean ports, potentially resolving their ongoing territorial dispute concerning Ethiopia's desire...

Maersk expands tech platform for South India shippers as Gemini launches direct calls

Maersk is strengthening its tech-enabled documentation services for southern India shippers, as its cargo stakes grow with Gemini Cooperation-linked direct calls out of the...

PSA withdraws from Tuticorin three years ahead of schedule

India's PSA Sical, a joint venture of PSA (62.5%) and local Sical (37.5%), has withdrawn prematurely from its concession to operate Berth 7 at...

Major container lines reshape Far East service networks

Several box carriers have announced changes in their Far East service networks aiming to improve and upgrade their products. SeaLead has introduced a new service,...

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Noatum Maritime receives first LNG-powered vessel for United Global Ro-Ro JV

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, has received its first LNG-powered Pure Car and Truck Carrier (PCTC) Ro-Ro vessel,...

The Green Gamble: Navigating Risks and Opportunities in Sustainable Ship Financing

Reed Smith, in partnership with DNV Maritime Advisory, organized "The Green Gamble: Balancing Risks and Opportunities in Shipping Investments" seminar at their London office. This...

5 Best Sites to Buy Spotify Saves (Real & Cheap)

The decision to buy Spotify saves can really make a big difference to your music’s visibility and reputation on the platform.  From personal experience, SidesMedia...

Wallenius Wilhelmsen secures US$2 billion transport deal extension

Scandinavian RoRo shipping and vehicle logistics company Wallenius Wilhelmsen strengthens its partnership with an established auto original equipment manufacturer (OEM) and enters a 10-year...

Shippers turning to futures and longer-term contracts to manage risks

Daily turnover of Asia-North Europe (EC) container freight futures traded on the Shanghai Futures Exchange has reached US$1.5 billion. Speakers at the “Navigating the Volatility...
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