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Harbor Lab raises US$16 million to streamline port cost management

Harbor Lab, the maritime software company, has raised a US$16 million Series A funding round led by European VC Atomico. With participation from existing investors...

Hapag-Lloyd and Scan Global Logistics sign major biofuel deal

German container shipping company Hapag-Lloyd and Danish transport and logistics solution provider Scan Global Logistics (SGL) enter into a multimillion-dollar ocean biofuel agreement. SGL and...

DP World boosts Romania port sector with €130 million investment

DP World opens three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European...

Global Ship Lease to utilize Ankeri’s software platform

London-headquartered container vessel owner Global Ship Lease (GSL) has announced a partnership with digital solution provider Ankeri Solutions. GSL aims to utilize Ankeri's software platform...

Red Sea crisis still leaves alliances short of ships, as newbuildings fully absorbed

The three container shipping alliances are still short of 36 ships, or 10% of the required tonnage, to entirely fulfill their 25 Asia –...

Dali suffered blackouts hours before hitting Baltimore bridge

Details of how power went out on the container ship Dali moments before it struck and knocked down Francis Scott Key Bridge in Baltimore...

Hapag-Lloyd reports significant decline in Q1 financial results

German container shipping company Hapag-Lloyd concluded the first quarter of 2024 with revenues of US$4.6 billion and a Group EBITDA of US$942 million. Additionally, Hapag-Lloyd...

Dali to be moved after bridge wreckage blown up

Dali, the container ship that has been stranded under the wreckage of the collapsed Francis Scott Key Bridge in Baltimore port, could be relocated...

Maersk opens new Cross Dock facility in Europe

A.P. Moller - Maersk has inaugurated a specialized Cross Dock warehouse in Rotterdam on its Maasvlakte II terminal. Maersk expects the warehouse to accelerate the...

Market panic triggers sharp rate surge

According to the latest analysis of the shipping consultancy Linerlytica, the market panic over tightening vessel space availability has sent the Shanghai Containerized Freight...

HMM reports strong first quarter financial results

South Korea's major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion...

Hapag-Lloyd boxship delivered with LNG tank designed by Hanwha Ocean

Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) has delivered the first very large container ship equipped with a manganese-based LNG tank co-designed by...

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ONE launches new intra-Asia service

Singapore-based container line Ocean Network Express (ONE) has announced the launch of a new service, China-Vietnam-Thailand (CVT). The service, which will commence on 27 May,...

Red Sea crisis and port congestion drive blank sailing surge

Box lines are tradionally using blank sailings to manage supply in relation to demand, but during the pandemic, shipping lines were forced to blank...

Maersk tonnage shortage revitalises 2M alliance

Maersk and MSC have renewed their 2M relationship before it ended as the carriers began to operate joint services again following the initial unravelling...

Dali to be moved after bridge wreckage blown up

Dali, the container ship that has been stranded under the wreckage of the collapsed Francis Scott Key Bridge in Baltimore port, could be relocated...

Market panic triggers sharp rate surge

According to the latest analysis of the shipping consultancy Linerlytica, the market panic over tightening vessel space availability has sent the Shanghai Containerized Freight...