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Saturday, November 27, 2021

LATEST NEWS

MSC and CMA CGM expand fleets with second-hand buys and newbuilds

MSC and CMA CGM are continuing to grow their fleets with second-hand vessel acquisitions and newbuilding orders. MSC, already set to overtake Maersk Line as...

PIL fully repays creditors ahead of schedule

The Board of Pacific International Lines (PIL) has announced that the company will be making an early repayment to creditors who were subject to...

Yara to start operating the world’s first fully emission free boxship

Yara International has announced that the world's first electric and self-propelled container ship, Yara Birkeland, has departed for its maiden voyage in the Oslo...

Canadian Pacific starts network restoration, first service in Vancouver re-established

Canadian Pacific Railway (CP Rail) resumed its operations on 23 November in the westernmost province of Canada, British Columbia (BC), between Kamloops and the...

MABUX index downtrend continues

The Marine Bunker Exchange (MABUX) World Bunker Index has continued to drift lower on week 47, with index 380 HSFO decreasing to US$495.62/MT, the...

COSCO partners with Bank of Communications for blockchain solutions

COSCO Shipping Lines has joined forces with the Bank of Communications to launch the online transmission of the original order bill of lading in...

Energy density can vary between different fuel batches

The maritime technology company specialising in bunker supply chain insights, marine fuel risk management and decarbonisation tracking, FuelTrust has conducted a survey revealing that...

Yangpu International Container Terminal exceeds 1 million TEU in 2021

On 14 November, COSCO-owned Yangpu International Container Terminal exceeded 1 million TEU since the start of the year for the first time after its...

MSC starts new in-transit cargo service to Gulf countries

Mediterranean Shipping Company (MSC) has announced a new overland service that will provide a shorter journey for cargo bound for Saudi Arabia and other...

South Korean government’s HMM stake sale to be outlined in 2022 first quarter

The South Korean government is discussing the offloading of the state's shares in HMM with the Financial Supervisory Service, Korea Development Bank (KDB) and...

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CMA CGM reschedules services to avoid congestion

CMA CGM has published the revision of a couple of its services with port call removals, as an effort to confront the global port...

CMA CGM achieves massive US$5.6 billion profits

CMA CGM Group has reported an astonishing surge in its profits during the third quarter of the year, reporting US$5.6 billion, while last year...

Top 10: Ship owning nations in the world

November 2021 total fleet values in the following Top 10 Ship Owning Nations list include the following vessel types: Bulker, Tanker, Container, Reefer, Small...

Zinus agrees with Maersk for fixed-rate stable container supply in 2022

The world's largest container line Maersk will provide Zinus with a stable supply of containers at a fixed price in the next year, allowing...

Ever Given resumes service after 40-day facelift

Ever Given, which ran aground in the Suez Canal on 23 March, completed 40-day maintenance and repair in Qingdao Beihai Shipbuilding Heavy Industry on...

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