Management at Singamas, the world's fourth largest container maker, disclosed today (17 August) that the company had to close its factories, intermittently, as demand...

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Dutch customs seize eight tons of cocaine found in Maersk container

Container News Team - August 17, 2023 0

Dutch prosecutors said that customs officials in Rotterdam made the largest seizure of cocaine on record at the major European port. According to Reuters, the...

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ZIM reports Q2 net loss of more than US$210 million

Antonis Karamalegkos - August 16, 2023 0

Ocean carriers continue to return to normal financial figures this year. This "normalisation", combined with the astronomical results of the previous year, shows some...

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Upward trend for North America East Coast laden imports

Container News Team - August 16, 2023 0

Annualised growth (vs 2019, the last pre-pandemic year) of laden imports has picked up the pace again, with 2023-Q2 averaging at 2.7%, according to...

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Falling steel prices reveal glut of demolitions to come

Container News Team - August 16, 2023 0

The declining price of steel prices are a barometer for the rise in demolitions in the container shipping sector according to Braemar, the London-based...

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AD Ports reports strong financial figures in second quarter

Antonis Karamalegkos - August 16, 2023 0

AD Ports Group announced its financial results for the second quarter of 2023, reporting revenue growth of 66% year-on-year to US$570,000. This significant increase was...

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KMTC container ship suffers fire off Malaysia

Antonis Karamalegkos - August 14, 2023 0

The 2,778 TEU container ship KMTC Shenzhen experienced a fire off Port Klang in Malaysia on 12 August, according to the UK insurance company...

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China overtakes Greece as largest shipowning country

Container News Team - August 14, 2023 0

China has climbed to the top of nations rankings as the largest shipowning country in terms of gross tonnage, according to information from UK...

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ICTSI reports strong first half results with increased revenues, earnings and container throughput

Antonis Karamalegkos - August 14, 2023 0

Global port and terminal operator International Container Terminal Services, Inc. (ICTSI) achieved to increase its revenue and earnings in the first half of the...

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Euroseas achieves over US$55 million in H1 net income

Antonis Karamalegkos - August 11, 2023 0

Greek vessel owner Euroseas reported total net revenues of US$89.6 million and net income of US$57.6 million in the first half of the year. Additionally,...

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PSA BDP, Dow India partner to create zero-emission transport corridor in Nhava Sheva

Ioanna Kontos - August 11, 2023 0

PSA BDP, a supply chain, transportation and logistics solutions provider, has signed a Memorandum of Understanding (MOU) with Dow Chemical International (Dow India) to...

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MSC and Maersk continue to send ships for break-up

Container News Team - August 11, 2023 0

The world’s two largest liner operators have continued to scrap aged ships as the freight market has normalised to pre-Covid-19 levels. Shipbrokers said that this...

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Sea-Intelligence reports increase in global schedule reliability

Cavotec secures €5 million MoorMaster deal

European Economies Record Mixed Q2 Results

Oregon approves US$100 Million for Pacific Coast Intermodal Port

Freeport of Monrovia launches 24-Hour marine operations

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Sea-Intelligence reports increase in global schedule reliability

HD Hyundai expands global tie-up with Cochin Shipyard

Cavotec secures €5 million MoorMaster deal

European Economies Record Mixed Q2 Results

Oregon approves US$100 Million for Pacific Coast Intermodal Port