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Wednesday, May 12, 2021

LATEST NEWS

Covid cure will not be remedy for container trade says DSF

Finding a cure for the pandemic will not necessarily help the container trade, according to a Danish Ship Finance (DSF) report published this month,...

Capacity and rate discipline pays off for RCL

Regional Container Lines overcame lower cargo volumes amid the Covid-19 pandemic, achieving a net profit of THB12.7 million (US$389,451) for the first quarter of...

Updated: Hapag-Lloyd adds void sailings due to pandemic crisis

Shipping lines are continuing their attempts to drive up rates on the back of aggressive capacity management and falling demand. In the latest move the...

Hapag-Lloyd announces more rate increases

Hapag-Lloyd has announced that as of 18 May 2020 (Gate in date), it is introducing a general rate increase (GRI) for all cargo loading...

Liebherr closes another Canada deal

Liebherr Container Cranes Ltd. has announced an order for one ship to shore (STS) container crane and one rail mounted gantry (RMG) crane for...

Senior shipping carriers publish fresh June rates

Major shipping lines have announced new charges for several destinations from June. Maersk has announced it will revise its peak season surcharge (PSS) from the...

Updated: Maersk’s Skou hits out at “unacceptable” state aid for lines

Container shipping lines, such as HMM and Yang Ming Line, that receive state aid from there are gaining an unfair advantage over their competitors...

CMA CGM gains billion-dollar loan

The CMA CGM Group has secured a €1.05 billion (US$1.14 billion) syndicated loan from a consortium of BNP Paribas, HSBC and Société Générale. This...

Maersk CEO warns of slump in Q2 volumes

AP Møller - Maersk's chief executive officer, Søren Skou, has forecast a huge Q2 volumes plunge in the company's announcement of the first-quarter results. The...

China Post and COSCO collaborate on postal service

COSCO Shipping Lines, the China COSCO group’s container liner unit, has been working with China Post to deliver letters on its vessels, in an...

Most Popular

ONE Apus may have lost a quarter of its cargo

An Ocean Network Express (ONE) vessel that reported a container stack collapse, on 30 November, may have lost up to 25% of its cargo...

ONE to build world’s largest container ships

Ocean Network Express (ONE) has agreed with Shoei Kisen Kaisha for the 15-year long-term charter of six new Ultra Large Container Ships (ULCS) with...

Singaporean state investment firm Temasek mum on PIL bailout

The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...

High speed and compromised manoeuvring caused Milano Bridge accident

The container ship Milano Bridge had failed to slow down as it attempted to berth in Busan New Port on 6 April 2020, causing...

Chinese shipyards win giant container ship order

Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing)...

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