India's finance minister Niramala Sitharaman has tabled the pre-budget Economic Survey for 2021-22 in the Parliament that gives an insight into the economic status...

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Yang Ming reportedly makes exceptions with 12-month bonuses

Container News Team - February 1, 2022 0

Yang Ming Marine Transport is said to have broken with tradition by giving staff 12-month bonuses, in response to employees clamouring for the Taiwanese...

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Transpacific spot rates drop, transit times remain high

Container News Team - January 31, 2022 0

The digital freight forwarder Shifl has conducted a study showing that transpacific container spot rates between Chinese ports and the US West Coast and...

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After skyrocketed profit earnings, container lines eye investment opportunities

Container News Team - January 31, 2022 0

From an investor's standpoint, shipping used to be what they call a 'drag' sector, and shipping company stocks received very less attention when compared...

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MSC and ZIM cease cooperation on the North Europe – East Med trade

Antonis Karamalegkos - January 31, 2022 0

ZIM and MSC have decided to cease their cooperation on the North Europe - East Mediterranean trade, terminating their joint service from the end...

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Historic low in container ship schedule reliability

Container News Team - January 31, 2022 0

The Danish research and analysis provider Sea-Intelligence has reported that schedule reliability dropped again month-on-month in December, this time by 1.2 percentage points to...

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Shanghai and Los Angeles ports join forces to create world’s first transpacific green shipping corridor

Antonis Karamalegkos - January 31, 2022 0

The busiest container port in the world and the busiest one in the United States, Shanghai and Los Angeles, have announced a partnership aiming...

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CMA CGM’s CEVA Logistics becomes official partner of Ferrari

Antonis Karamalegkos - January 26, 2022 0

CEVA Logistics, part of the CMA CGM Group, has entered into a new global, multi-year partnership with Ferrari to support its racing activities as...

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Container shipping crunch sees late delivery of Chinese New Year goods

Container News Team - January 26, 2022 0

The shortage of containers and shipping slots have resulted in the delayed arrival of Chinese New Year festive goods in Southeast Asia, where retailers...

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MSC mum on 16,000 TEU sextet order at DSIC

Container News Team - January 25, 2022 0

Mediterranean Shipping Company (MSC) has declined to confirm whether it is behind an order for six 16,000 TEU container ships at China’s Dalian Shipbuilding...

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OOCL achieves 110% revenue growth in 2021

Container News Team - January 25, 2022 0

Orient Overseas Container Line (OOCL) has reported revenue of more than US$15.68 billion during the fiscal year (FY) ended on 31 December 2021, which...

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MSC aims to acquire majority stake in ITA Airways

Container News Team - January 24, 2022 0

Mediterranean Shipping Company (MSC) Group has expressed its interest to the Italian Government in acquiring a majority stake in the state-owned ITA Airways. The MSC...

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