Maersk has announced its intention to acquire the US-based transportation and logistics company Pilot Freight Services for US$1.68 billion with the closing of the...

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Maersk achieves record full-year earnings, expects strong 2022

Antonis Karamalegkos - February 9, 2022 0

Maersk has confirmed outstanding financial results for 2021 driven by "exceptional market conditions" led to record-high growth and profitability, according to the company's CEO,...

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HMM to shift out of Hyundai Group building, removes all Hyundai vestiges

Container News Team - February 9, 2022 0

HMM will cut off its last remaining link to the Hyundai chaebol as South Korea’s flagship liner operator will move out of the Hyundai...

Industry Opinions

How can businesses shield consumers from high freight rates?

Container News Team - February 8, 2022 0

Businesses worldwide are struggling with skyrocketing freight rates in the wake of the Covid-19 pandemic. What can they do to keep surging shipping costs...

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Global container carriers thrive despite signs of rate decline

Container News Team - February 8, 2022 0

The latest Xeneta Shipping Index (XSI) Public Indices Report has shown the decline of 3.6% in long-term contracted ocean freight rates in January fails...

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Covid-19 emergency in Kaohsiung Port as harbour pilot infected

Container News Team - February 8, 2022 0

The battle to control the Covid-19 outbreak in Kaohsiung Port has become more pressing after a harbour pilot added to the cluster in Taiwan’s...

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Niche container lines outperform top-14 global ocean carriers in terms of reliability

Container News Team - February 7, 2022 0

Sea-Intelligence has reported that schedule reliability dropped from 78% in 2019 to 63.9% in 2020, and then to 35.8% in 2021, which is not...

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MSC increases prices to Middle East and Far East

Container News Team - February 4, 2022 0

The Swiss/Italian ocean carrier Mediterranean Shipping Company (MSC) has published fresh Freight All Kinds (FAK) increases for shipments destined to Far East and Middle...

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Maersk’s 20,000 TEU container vessel runs aground off German coast

Antonis Karamalegkos - February 3, 2022 0

Maersk has confirmed that its 2018-built Mumbai Maersk has run aground near the Port of Bremerhaven in Germany on 2 February at around 23:00...

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European freight forwarders turn liner operators

Container News Team - February 3, 2022 0

Two freight forwarders, UK’s Uniserve and Italy’s Rifline, have begun running liner services to guarantee space to their customers, as tight shipping capacity and...

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STS and RTG Paceco-Mitsui cranes to be delivered to Long Beach terminal

Container News Team - February 2, 2022 0

The container handling equipment manufacturer Paceco has secured an order from the container terminal at the Port of Long Beach International Transportation Service (ITS)...

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Maersk launches warehouse construction in Chittagong

Container News Team - February 2, 2022 0

After facing severe logistics challenges in Bangladesh for years, A.P. Moller Maersk has started building a 200,000 square feet (18,580m²) custom bonded warehouse in...

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Container stocks July: A rollercoaster month for shipping giants

Port of Montreal Contrecœur expansion project advances toward construction phase

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Call for interest in Klaipėda’s major expansion

World Container Index drops for sixth straight week

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