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Evergreen suspends Haiti calls amid security concerns

Due to the escalating security concerns in Port-au-Prince in Haiti and the heightened levels of street violence, Evergreen has decided to suspend all calls...

Ejected Evergreen scion speaks out as minor shareholders mull punitive action

Chang Kuo-wei, youngest son of the Evergreen group’s late founder Chang Yung-fa, has criticized his estranged oldest brother for unilaterally executing transactions to consolidate...

ClassNK certifies world’s first onboard CCS installation on Evergreen’s Neopanamax container ship

ClassNK has granted its Shipboard Carbon dioxide Capture and Storage-Full (SCCS-Full) class notation to the Panama-flagged boxship Ever Top, a Neopanamax container vessel owned...

Major lines’ margins in negative territory for first time after five years

Mainline operators’ operating profit margins fell into negative territory for the first time since 2018, due to losses in 4Q 2023, according to Alphaliner’s...

Evergreen ship held up in Qingdao after collision

One of Evergreen Marine Corporation’s ships has been held in China’s Qingdao port for investigations after colliding with another vessel. The 2014-built 8,508 TEU Ever...

OCEAN Alliance rolls out new service network

OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called "DAY 8 Product". After extending...

CMA CGM, COSCO, Evergreen and OOCL extend OCEAN Alliance to 2032

On 27 February, the Chief Executive Officers of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL gathered in Shanghai to sign a Memorandum...

Lack of newbuildings costs OCEAN Alliance’s Asia-Europe frequency

Since the members of OCEAN Alliance (CMA CGM, COSCO Shipping Lines and Evergreen Marine Corporation) did not have many newbuildings join their fleets, nor reassign...

Transpacific container trade bounces back in the beginning of 2024

Transpacific eastbound box volumes have rebounded by 16.9% in January 2024 and full-year volumes are expected to record positive growth again after falling by...

Seoul court rules that freight-fixing fine was wrongful to Evergreen

In a victory for container lines, the Seoul High Court on 1 February overturned a fine imposed by the Korea Fair Trade Commission (KFTC)...
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Port of Long Beach appoints new managing director of engineering services

The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...

DP World and J.P. Morgan launch partnership

DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...

Red Sea shipping traffic rebounds as Houthis limit targets

Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...

CMA CGM applies new surcharge from Far East to West Africa

French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...
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