Mitsui E&S Japan has secured a job for the design, manufacture, supply and installation of container handling equipment, terminal operation system, and security system...

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Middle East line opens intra-Asia loop to link western India ports

Container News Team - March 20, 2024 0

Oman-based Asyad Line is set to launch a container service connecting the Far East and West India, according to information collected from industry sources. To...

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Major lines’ margins in negative territory for first time after five years

Container News Team - March 20, 2024 0

Mainline operators’ operating profit margins fell into negative territory for the first time since 2018, due to losses in 4Q 2023, according to Alphaliner’s...

Industry Opinions

Ocean rates keep sliding, but some rebound for air: Freightos analysis

Ioanna Kontos - March 20, 2024 0

In the latest development in the Red Sea crisis, Houthis recently announced threats to expand their attacks to Indian Ocean traffic, aimed at disrupting vessel...

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Yang Ming vessel knocks over three cranes after hitting Turkish wharf

Container News Team - March 19, 2024 0

A ship operated by Yang Ming Marine Transport slammed into a wharf in Turkey’s Evyapport on 16 March, while attempting to dock. The 2015-built 14,000...

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Evergreen ship held up in Qingdao after collision

Container News Team - March 19, 2024 0

One of Evergreen Marine Corporation’s ships has been held in China’s Qingdao port for investigations after colliding with another vessel. The 2014-built 8,508 TEU Ever...

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Hapag-Lloyd increases Asia container rates

Antonis Karamalegkos - March 19, 2024 0

German ocean carrier Hapag-Lloyd said its ocean tariff rates for Freight All Kinds (FAK) between Far East and North Europe & Mediterranean will increase. The...

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Cape and Indian Ocean now in Houthi operational range

Container News Team - March 15, 2024 0

The extent of the failure of the allied powers to degrade the Houthi Military capabilities may come into sharp focus if the Yemeni movement...

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We Asked AI: The Largest Container Port in 2050

Container News Team - March 15, 2024 0

Container ports are continuously expanding, capable of accommodating numerous giga container ships simultaneously. Have you ever wondered how the largest container port might appear 26...

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OCEAN Alliance rolls out new service network

Antonis Karamalegkos - March 15, 2024 0

OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called "DAY 8 Product". After extending...

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Hapag-Lloyd records third-highest group profit in history despite significant financial declines

Antonis Karamalegkos - March 14, 2024 0

German ocean carrier Hapag-Lloyd has reported revenues of US$19.4 billion and profit of US$3.2 billion in 2023, translating to massive year-on-year drops from US$36.4...

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Maersk circles DB Schenker as it ponders acquisition

Container News Team - March 13, 2024 0

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...

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