An MSC-owned container ship was attacked by Houthi rebels while crossing the Red Sea on 4 March. According to the US Central Command, the 1999-built,...

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India seizes Pakistan-bound cargo from CMA CGM boxship

Antonis Karamalegkos - March 5, 2024 0

India has seized cargo from a CMA CGM container ship bound for the port of Karachi, which India claims could be used in Pakistan's...

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Container shipping alliance landscape: Dominant OCEAN Alliance extension leaves THE Alliance stranded

Antonis Karamalegkos - March 5, 2024 0

The extension of cooperation among OCEAN Alliance partners has established a framework for the operation of major container lines in the coming years. As CMA...

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Weak demand puts paid to talk of empty box crisis

Container News Team - March 5, 2024 0

Fears that there is a looming empty repositioning crisis in Asia have subsided as weak demand and the continued growth in capacity have combined...

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Schedule reliability insights: CMA CGM climbs to the top

Ioanna Kontos - March 4, 2024 0

Sea-Intelligence has released the 150th edition of the Global Liner Performance (GLP) report, featuring schedule reliability data up to and including January 2024. Amidst the...

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Contrasting period for container spot and contract markets – Way forward outlook

Container News Team - March 4, 2024 0

The latest quote by the Drewry World Container Index (WCI) voiced the correction in spot prices after the massive 138% swing in 6 weeks...

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CMA CGM completes Bolloré Logistics takeover

Antonis Karamalegkos - February 29, 2024 0

French shipping giant CMA CGM Group has completed the acquisition of Bolloré Logistics from its compatriot transportation company Bolloré Group. The two firms announced that...

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CMA CGM resumes Red Sea transits

Antonis Karamalegkos - February 29, 2024 0

French shipping company CMA CGM Group has announced it will resume Red Sea transits on a case-by-case basis. The Marseille-based carrier said, "We have reevaluated...

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New container line starts operations in Saudi Arabia

Antonis Karamalegkos - February 28, 2024 0

A new shipping company has started operations in Saudi Arabia, called Folk Maritime, offering feeder vessel services and short-sea transportation solutions. Poul Hestbaek is the...

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Red Sea crisis sees more vessels serving intra-Europe

Container News Team - February 28, 2024 0

Intra-Europe container shipping capacity has gone up nearly 18% year-on-year, as the Red Sea crisis results in more feedering and larger ships being assigned...

Industry Opinions

Cargo volumes in Red Sea drop significantly due to vessel attacks

Ioanna Kontos - February 28, 2024 0

"During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y....

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CMA CGM, COSCO, Evergreen and OOCL extend OCEAN Alliance to 2032

Ioanna Kontos - February 27, 2024 0

On 27 February, the Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL gathered in Shanghai to sign a Memorandum...

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