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Container stack collapses prompt AMSA focus on boxship losses

A series of high-profile container losses off the coast of Australia has prompted the maritime authority to introduce a focused inspection campaign from 1...

Evergreen raises capital in maiden overseas bond issue

Taiwanese liner operator Evergreen Marine Corporation will turn to overseas investors to raise US$300 million in capital to cover the company’s operations. The company announced...

Pandemic effects force lines into continuous schedule adjustments

In terms of blanked sailings and capacity management, there are no signs of recovery going forward into the third quarter, according to a Braemar...

Sustainability is key to Yang Ming’s green strategy

The taiwan-based carrier, Yang Ming (YM), has formulated several long term strategies that it says will meet the environmental targets set by the International...

SIPG and THE Alliance test fast-track container processing at Yangshan

Shanghai International Port Group (SIPG) and THE Alliance have entered into an agreement to test out onshore container drop-offs for cargoes bound for Yangshan...

Erratic rate discipline undermined the lines in 2011, can they hold their nerve in 2020?

A senior analyst believes that the crucial test for the carriers will come when the battle against the Covid-19 virus has turned in the...

Yang Ming wants to increase owned capacity says Chairman

Yang Ming Marine Transport (YM) wants to increase the proportion of owned capacity in its fleet, from the current 30% to 45%, in an...

THE Alliance announces Transpacific trade updates

THE Alliance, a shipping alliance comprised of Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, will implement the following changes on the Transpacific...

Costamare closes sale-leaseback deal for Yang Ming chartered vessels

Greek tonnage provider Costamare has concluded a sale-and-leaseback deal with the Bank of Communications Financial Leasing (Bocomm Leasing) for five 12,690TEU vessels that will...

Yang Ming allotted state loan of nearly US$270 million

Yang Ming Marine Transport Corporation will receive TW$8 billion (US$269.41 million) from the Taiwanese government’s recently announced financial assistance for the shipping industry. Through the...
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Rise in vessel speeds will increase GHG emissions

Demand for cargo on major trade lanes has increased substantially and the returns to the shipping lines and vessel owners have also increased with...

German shipping group commences inland container service in Sweden

The German shipping company Reederie Deymann will introduce the first container barge shuttle service on inland waterways in Sweden between the newly opened Stockholm...

Evergreen back in the black in Q1

Evergreen Marine Corporation achieved a TW$16.17 billion (US$567.13 million) net profit for Q1 2021, reversing the TW$733.15 million (US$24.24 million) net loss in Q1...

CargoGulf starts new North Asia Gulf Express service

Global non-vessel operating common carrier (NVOCC), CargoGulf has announced the launch of a new container liner service between North Asia and the Arabian Gulf,...