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Tag: COSCO

Container shortages fill CIMC’s order books

China International Marine Containers, the world’s largest container manufacturer, has stated that the shortage of containers has resulted in a slew of orders, keeping...

MSC adds second-hand tonnage to its fleet

The Mediterranean Shipping Company (MSC) has been busy in the second-hand vessel market adding six container ships to its fleet, according to shipbroking reports. The...

Ocean Alliance updates European products

The Ocean Alliance has announced changes in two Asia-Europe products, Loop 4 (LL4) and Loop 5 (LL5), in order to offer "more competitive and...

Carriers using digitalisation to marginalise forwarders

Container shipping lines are using their online platforms to shift shippers away from freight forwarders and move them into a direct relationship with the...

Far East-Australia demand pushes rates to levels not seen for a decade

Container freight rates from East Asia to Australia have reached a 10-year high, rising to over US$1,648/TEU as of 9 October 2020, according to...

CMA CGM regains online systems control after two weeks

CMA CGM Group has confirmed it has restored all the applications and main functionalities of its e-commerce websites, such as bookings, tracking, route finder,...

Hainan SEZ lures liner operators

The new status of China's Hainan island, which is situated off Guangxi, in southwest China and east of Vietnam, as a special economic zone...

Wan Hai wades into Pacific demand speculation as rates stay high

Wan Hai Lines president Tommy Hsieh expects Transpacific freight rates to remain high until at least the end of this year, even as container...

Lines argue FMC has no jurisdiction in chassis dispute

The world’s biggest shipping lines have filed a motion to dismiss a US$1.8 billion complaint about equipment use in the US on the grounds...

Updated: American truckers hit lines with intermodal lawsuit

The American Trucking Associations’ (ATA) Intermodal Motor Carrier Conference (IMCC) has filed a lawsuit against “unlawful actions” by foreign shipping lines that they claim...
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FMC hints at carrier penalties to come

The Federal Maritime Commission (FMC) is in the process of independently verifying allegations that carriers are refusing to carry export cargo in contravention of...

MSC vessel is the latest to foil W. Africa pirate attack

MSC Elsa 3 became the latest vessel in a spate of attacks in the West Africa region. The ship was approached by a fast-moving...

Russian container market responds effectively to pandemic

The Russian container market has remained broadly flat in 2020, despite the global and local impact of the Covid-19 crisis, according to Global Ports...

Maersk Essen diverts to Mexican terminal

Maersk Line has confirmed that the stricken vessel, the 13,100TEU Maersk Essen, which lost around 750 containers in a Pacific storm on 16 January,...