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Friday, September 17, 2021
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Tag: OOCL

Red-hot market swells COSCO’s H1 profit 21 times

COSCO Ship Holding’s 2021 first half profit rocketed 21-fold year-on-year to US$6.53 billion as the strong container shipping market propelled its earnings to new...

OOCL starts multimodal China-US service

OOCL Logistics and OOCL Liner Services have announced the launch of a new multi-modal container service from China to the US East Coast, with...

FMC questions eight box carriers about surcharges

The Federal Maritime Commission (FMC) has launched an inquiry, asking eight shipping companies to provide information about the congestion and related surcharges they have...

KMTC Line moves into East African market

South Korean feeder operator Korea Marine Transport Company (KMTC Line) is diversifying into the East African trades. From 3 June, KMTC Line will begin purchasing...

Hanoi acts to cool overheated freight market

The Vietnamese government has joined its counterparts in China, Taiwan, the US and South Korea, by intervening to cool the overheated container shipping market. Vietnam’s Ministry of Industry...

X-Press Feeders joins RCL and KMTC in new Straits service

Singapore-based feeder operator X-Press Feeders is improving its connections between the Straits of Singapore, Vietnam, China and South Korea in collaboration with Regional Container...

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)...

COSCO extends 74-vessel hire on bareboat terms

COSCO Shipping Lines (COSCON) is switching period charter contracts for 74 container ships in its fleet to bareboat charters. The ships, comprising 49 vessels of...

OOCL orders seven more ultra-large boxships

COSCO Shipping’s Hong Kong based subsidiary OOCL has ordered a further seven 23,000TEU container ships, following its order for five vessels in March of...

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...
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Maersk raises annual forecast

A.P. Møller - Mærsk (APMM) has revised its full-year guidance for 2021 with an underlying EBITDA now expected in the range of US$22-23 billion...

Google steps into global supply chain to assist in disruptions

Google Cloud has announced the launch of Supply Chain Twin, a purpose-built industry solution that lets companies build a digital twin, a virtual representation...

Victoria container terminal completes automation upgrade of Navis N4 TOS

Victoria International Container Terminal (VICT), the first fully automated terminal in Australia, has completed its automation upgrade of Navis’ N4 Terminal Operating Solution (TOS). This...

Container caught fire on board Costamare’s feeder ship in Italy

The 1,078TEU Luebeck of the Greek ship owner, Costamare, has suffered a fire incident at the Catania port in Sicily, Italy on 16 September,...