The Panama Canal announced the introduction of a Long-Term Slot Allocation (LoTSA) Method for Neopanamax vessels, as part of the Transit Booking System. With this...

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Houthis assault another CMA CGM-operated ship

Container News Team - August 5, 2024 0

A fire broke out on a container vessel operated by CMA CGM after it was hit by several Houthi missiles on 3 August. The 2002-built,...

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Adani Ports undercuts Colombo to boost hub prospects for Vizhinjam Port

Ioanna Kontos - August 5, 2024 0

High port tariffs that have long proved to be a deterrent for container lines to open more direct calls on the Indian coast are...

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Maersk announces preliminary Q2 revenue of US$12.8 billion

Antonis Karamalegkos - August 1, 2024 0

Based on preliminary figures, AP Moller - Maersk reports an unaudited revenue of US$12.8 billion, underlying EBITDA of US$2.1 billion and underlying EBIT of...

Industry Opinions

Ocean container shipping market reaches a tipping point: Xeneta Analysis

Ioanna Kontos - August 1, 2024 0

The ocean container shipping market reached a tipping point in July, with long-term rates on major fronthaul trades showing signs of life just as...

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Pressure on global supply chains eases

Container News Team - July 31, 2024 0

Port congestion and tight vessel capacity are easing across the globe as measures taken by terminal and ship operators alike are clearing bottlenecks and...

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Unifeeder overtakes CMA CGM as second largest intra-Europe operator

Container News Team - July 31, 2024 0

Unifeeder is now the second-largest intra-Europe player, surpassing French ocean carrier CMA CGM through capacity additions. The DP World subsidiary now operates 38,000 TEUs of...

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ZIM opens its new USA headquarters

Antonis Karamalegkos - July 30, 2024 0

Israel-based shipping company ZIM announced the grand opening of its new United States headquarters in Virginia Beach. ZIM said the event, celebrated with employees, colleagues,...

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Hapag-Lloyd increases rates from India and Pakistan to Med and North Africa

Container News Team - July 29, 2024 0

German ocean carrier Hapag-Lloyd has announced increased ocean tariff rates from India and Pakistan to the Mediterranean and North Africa. This increase will be valid...

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MSC reorganizes its Asia-Oceania service network

Antonis Karamalegkos - July 29, 2024 0

MSC has announced the reshuffle of its service network between Asia and Oceania aiming to provide faster and more reliable services to its customers...

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ONE announces KVT service revamp

Container News Team - July 29, 2024 0

Singaporean container carrier Ocean Network Express (ONE) has decided to enhance its KVT (Korea-Vietnam-Thailand) service. The updated port rotation of ONE's KVT service will be...

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CN analysis: Container rates out of India on major trades see sharp gains amid capacity woes

Container News Team - July 29, 2024 0

Container freight rates on trades out of India have seen strong gains in July amid heightened demand linked to early peak season bookings and...

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Most Visited - Newsletter

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