Evergreen Marine Corporation chairman Chang Yen-i says phasing out of older vessels will assuage concerns of heavy orderbook. Taiwan’s largest liner operator and the world’s...

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India’s Adani Group inks MoU with AD Ports for port investment in Tanzania

Container News Team - August 8, 2022 0

Adani Group, India’s largest port infrastructure developer, has entered into a Memorandum of Understanding (MoU) with Abu Dhabi’s AD Ports to jointly explore strategic...

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XPO announces strong financial results and leadership succession plan heading into the spin-off

Container News Team - August 8, 2022 0

XPO Logistics increased its net income by US$28 million in the second quarter of the year, compared to 2021 Q2, reaching US$141 million. At the...

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British trade union announces eight-day strike action at Port of Felixstowe

Antonis Karamalegkos - August 8, 2022 0

British trade union Unite has announced that over 1,900 workers at the port of Felixstowe, who are union members, will begin eight days of...

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Chinese naval drills around Taiwan Strait spark logistical bottleneck fears

Container News Team - August 5, 2022 0

Fears of more supply chain chaos have been sparked by naval and military drills that China is now conducting in the Taiwan Strait, with...

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Maersk acquires Martin Bencher Group to strengthen project logistics management

Container News Team - August 5, 2022 0

A.P. Moller - Maersk has reached an agreement to acquire Martin Bencher Group, a Denmark-based project logistics company. Founded in 1997, Martin Bencher is an...

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RightShip acquires Thynk Software’s maritime tech business

Container News Team - August 5, 2022 0

RightShip has announced the acquisition of Thynk Software's maritime tech business, which will see 30 people join RightShip when the acquisition closes on 1...

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ONE and partners confirm US$3.64 billion Atlas Corp takeover offer

Antonis Karamalegkos - August 5, 2022 0

The Singaporean-headquartered container carrier Ocean Network Express (ONE) is a member of the Poseidon Acquisition Corp, a consortium that has proposed to acquire all...

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Hapag-Lloyd to start real-time container tracker installations

Container News Team - August 5, 2022 0

Hapag-Lloyd is the first shipping company in the world to equip all of its standard containers with real-time tracking devices and will be able...

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Yang Ming names new 11,000 TEU vessel

Container News Team - August 5, 2022 0

Yang Ming will add another new 11,000 TEU container ship to its fleet, named 'YM Throne'. The vessel is chartered by Shoei Kisen Kaisha and...

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DCSA and ESC cooperate to accelerate DCSA standards adoption

Container News Team - August 5, 2022 0

There is a growing need for closer collaboration between cargo owners and ocean carriers to improve cargo visibility and data communication, which has also...

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ICTSI records 50% increase in net income in 2022 H1

Container News Team - August 4, 2022 0

International Container Terminal Services Inc. (ICTSI) has announced its financial results for the first half of 2022. In the first six months of the year,...

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