MSC announced the opening of a state-of-the-art 15,000-metre cold storage facility in Durban, South Africa. The facility, part of MSC’s MEDLOG logistics division, aims to...

Wan Hai issues US$320 million of bonds after loss

Container News Team - March 15, 2024 0

Wan Hai Lines is issuing US$320 million of bonds to improve its financial structure, after the Taiwanese liner operator sank into the red. Wan Hai...

News

COSCO Shipping Aries to call at Port of Genoa marking another milestone

Ioanna Kontos - March 15, 2024 0

During the inaugural journey of COSCO Shipping Aries in 2018, this ultra-large container vessel became the first 20,000 TEU class ship from China to...

News

Orca AI joins forces with NorthStandard for automated situational awareness solution

Ioanna Kontos - March 14, 2024 0

NorthStandard and Orca AI have formed an exclusive partnership, with the global marine insurer encouraging its members to embrace Orca AI’s automated situational awareness...

News

Round-Africa routing and vessel size dynamics: Impact on slot costs and network disruptions

Container News Team - March 14, 2024 0

Greater sailing distances on the round-Africa routing would, all else equal, lead to higher fuel consumption and, hence, an increase in slot cost, according...

News

Rolf Habben Jansen remains at the helm of Hapag-Lloyd

Antonis Karamalegkos - March 14, 2024 0

The Supervisory Board of Hapag-Lloyd has decided to renew the contract of Chief Executive Officer (CEO) Rolf Habben Jansen, which runs until 31 March...

News

DP World’s profit drops despite consistent financial performance

Container News Team - March 14, 2024 0

DP World, one of the largest container port and terminal operators globally, has announced its financial results for the previous year. According to the company's...

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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Marshall Islands sustains premier fleet quality

Container News Team - March 14, 2024 0

The Republic of the Marshall Islands (RMI) Registry continues to excel in supporting its owners and operators, maintaining the world's highest quality fleet. At the...

News

Fuel concerns see operators favouring direct boxship orders over long-term charters

Container News Team - March 13, 2024 0

The dilemma over alternative fuels and financing means that liner operators are more inclined to order newbuildings themselves, rather than turning to tonnage providers. As...

News

CMA CGM launches SEA REWARD loyalty programme

Ioanna Kontos - March 13, 2024 0

CMA CGM Group unveiled SEA REWARD today (13 March), an innovative loyalty programme aiming to enhance its customer experiences. Through SEA REWARD, the French shipping...

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MacGregor to supply automatic twistlocks for Hapag-Lloyd’s vessels

SINGAUTO to invest in logistics hub at KEZAD

Valenciaport joins Upcycling the Oceans, against marine debris

Incheon looks to Indonesia to fill loss of US cargo

Maersk announces adjustments to three services

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