Yang Ming Marine Transport’s management has hinted that the company will enter the league of 24,000 TEU boxship owners. Speaking at a shareholders’ meeting after...

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CMA CGM hit with US$2 million fine by FMC

Antonis Karamalegkos - May 30, 2024 0

The United States Federal Maritime Commission (FMC) has entered into an agreement with French ocean carrier CMA CGM, after the investigations by the Commission’s Bureau...

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2M alliance changes California terminal on Transpacific service

Container News Team - May 29, 2024 0

2M alliance has announced a terminal change on its TP 8/Orient service, a Transpacific service connecting Asia and the United States West Coast. As of...

Industry Opinions

Rates climb on early peak season and capacity stretched thin

Ioanna Kontos - May 29, 2024 0

Carrier adjustments due to Red Sea diversions – the use of more vessels travelling at faster speeds, together with heavier reliance on transshipment –...

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Megamax fleet now forms half of global boxship fleet

Container News Team - May 29, 2024 0

The number of ships of 18,000 TEUs and above has exceeded 4 million TEUs, due to substantial orders during the Covid boom, according to...

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Ellerman City Liners launches new China-Morocco-UK service

Antonis Karamalegkos - May 29, 2024 0

Ellerman City Liners, a UK shipping company, has announced a new container service connecting China with the United Kingdom and Europe. The ocean carrier will...

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Carriers attempt rate hikes for India-US cargo despite persistent market challenges

Ioanna Kontos - May 28, 2024 0

Container lines on India-US trade have lined up a new round of rate increases for June even as market conditions remain increasingly challenging due...

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Panama Canal restrictions drive 31% increase in dry bulk sailing distances

Ioanna Kontos - May 28, 2024 0

In this week's “Shipping Number of the Week” from BIMCO, Shipping Analyst Filipe Gouveia examines the substantial impact of limited daily transits in the...

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Yang Ming predicts rare fifth consecutive profitable year

Container News Team - May 27, 2024 0

Yang Ming Marine Transport’s management said at the company’s shareholders’ meeting that the company anticipates 2024 to become a rare fifth straight profitable year. In 1Q...

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Global spot rates soar on Major Asia-Europe and Asia-US trades

Ioanna Kontos - May 24, 2024 0

A combination of factors have combined to send global spot rates reaching for the skies on the major trades out of Asia to Europe and...

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Red Sea bounce gives carriers bottom line boost

Container News Team - May 22, 2024 0

Container shipping, it appears, loves a crisis. With the pandemic supercharging carrier incomes, the latest dip has been abruptly halted by the Red Sea...

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Stolt-Nielsen to pay MSC US$290 million to settle MSC Flaminia claim

Container News Team - May 22, 2024 0

Norwegian chemical shipping group Stolt-Nielsen will pay US$290 million to MSC to settle claims resulting from the fatal explosion that claimed the lives of...

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Capacity overload expected to send spot rates crashing

Maersk updates AE5 service route amid European Congestion

Heidmar enters container shipping

Sea-Intelligence reports increase in global schedule reliability

Hai An launches new service to Lianyungang Port

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