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Red Sea developments fail to overcome seasonal lull as rates correct

With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have...

Hapag-Lloyd revamps Africa service network

Starting in April 2024, Hapag-Lloyd will be enhancing its operations in the African continent, specifically by revamping its West-Europe-West-Africa (WWA) and West Africa Express...

Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...

Maersk, CMA CGM suspend Rio de Janeiro port call on joint service

Maersk and CMA CGM have notified their customers about upcoming adjustments to their joint Bossa Nova/SIRIUS service connecting the Mediterranean with the East Coast...

Singaporean bulk carrier hit by Houthi missiles in mistaken identity

Houthi rebels have apparently fired at a Singaporean-owned bulk carrier after mistaking it for a US ship. The 2012-built Singapore-flagged Supramax vessel, Propel Fortune, was...

Red Sea challenges boost charter rates

Analysts and brokers are continuing to report charter rates spiralling upwards as carriers look to plug gaps in their diverted Asia to Europe services...

Hapag-Lloyd teams up with Ankeri Solutions in “transformative” partnership

German shipping company Hapag-Lloyd has entered into a contract partnership with Ankeri Solutions, an innovative software firm specializing in maritime sustainability solutions. This strategic alliance...

Houthis first fatal ship attack: Three seafarers killed

Houthi rebels have inflicted the first fatal attack on a ship since the Iran-backed group began reprisals for the Israel-Gaza War in November 2023. Three...

Volta Shipping appoints new commercial head

United Arab Emirates-based shipping company Volta Shipping has announced the appointment of Sankhoj Das as the head of its Commercial team. With a background in...

MSC consolidates pole position with largest Asia-Europe share

MSC accounted for half of the capacity growth in the Asia-Europe lanes that resulted from the diversion to the Cape of Good Hope due...

Houthis hit MSC vessel in Gulf of Aden with missile

An MSC-owned container ship was attacked by Houthi rebels while crossing the Red Sea on 4 March. According to the US Central Command, the 1999-built,...

India seizes Pakistan-bound cargo from CMA CGM boxship

India has seized cargo from a CMA CGM container ship bound for the port of Karachi, which India claims could be used in Pakistan's...

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Maersk circles DB Schenker as it ponders acquisition

Maersk has appointed financial advisors to help the carrier evaluate its freight forwarder target DB Schenker which was put up for sale last year. Danish...

ZIM reports US$2.7 billion annual net loss amidst financial downturn

Israeli ocean carrier ZIM announced its results for the previous year, following the trend observed across major container lines, according to which the companies'...

Red Sea developments fail to overcome seasonal lull as rates correct

With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have...

Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...

Singaporean bulk carrier hit by Houthi missiles in mistaken identity

Houthi rebels have apparently fired at a Singaporean-owned bulk carrier after mistaking it for a US ship. The 2012-built Singapore-flagged Supramax vessel, Propel Fortune, was...