Lycavitos, a Greek-owned supramax bulk carrier, operated by Helikon Shipping Enterprises, was damaged by Houthi missiles in the Gulf of Aden yesterday (15 February)...

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CMA CGM receives first container ship in a series with unique design

Ioanna Kontos - February 15, 2024 0

The CMA CGM Group has announced the delivery of the pioneering CMA CGM Mermaid, the inaugural vessel in a series of 10 cutting-edge 2,000...

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Red Sea crisis sees COSCO and MSC perform ad hoc North Europe-Med feedering

Container News Team - February 15, 2024 0

COSCO Shipping Lines and MSC have each taken out a ship from their Transatlantic services to feeder containers between North Europe and the Mediterranean,...

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ONE unveils new Transpacific service

Antonis Karamalegkos - February 15, 2024 0

Ocean Network Express (ONE) has announced the launch of the Asia Pacific 1 (AP1) service, a new route connecting Asia with the United States...

Industry Opinions

China-US container leasing rates rise threefold, container demand recovery on the horizon

Ioanna Kontos - February 14, 2024 0

The global shipping industry experienced a significant surge in rates over the past couple of months, as an aftermath of the Red Sea crisis. Three...

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How long can Maersk investors tolerate below-par performance, wonders Linerlytica

Antonis Karamalegkos - February 13, 2024 0

Maersk blamed overcapacity for its record EBIT losses in the fourth quarter but it failed to mask the fact that it has continuously underperformed...

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Braemar sees looming crisis in feeder sector

Container News Team - February 13, 2024 0

Demand for feeders is rising mainly as a consequence of the Red Sea crisis which has had a knock-on effect on demolition, but ultimately...

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Worker killed as shipbuilding structure topples in HD Hyundai Heavy Industries

Container News Team - February 13, 2024 0

A shipbuilding structure weighing 9,000 tonnes came loose at South Korean shipbuilder HD Hyundai Heavy Industries (HHI) on the evening of 12 February, killing...

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CMA CGM replaces Brazilian port call on BRAZEX service

Ioanna Kontos - February 12, 2024 0

French box line CMA CGM has announced changes to its weekly BRAZEX service connecting the US Gulf, Latin America and the Caribbean. Commencing with the...

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Maersk may pursue DB Schenker

Container News Team - February 9, 2024 0

Maersk Line might become a suitor for Deutsche Bahn’s logistics subsidiary DB Schenker after an initial lack of interest. The Danish liner giant’s CEO Vincent...

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No large ships idled this week

Container News Team - February 9, 2024 0

Following the impact of the Houthi attacks on commercial shipping in general and container ships in particular the number of large boxships idled fell...

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Maersk’s revenue takes US$30 billion hit in “transitional year”

Antonis Karamalegkos - February 8, 2024 0

Like the majority of container carriers, Maersk has seen huge drops in its 2023 financial figures. The Danish company reported a US$30 billion decline in...

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