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ZIM reports record Q1 financial results, upgrades full year forecast

ZIM has achieved record financial results in the first quarter of the year. "Building on an extraordinary 2021 for ZIM, we maintained our strong trajectory...

Maersk and Canadian Pacific open transload facility in Vancouver

Maersk and Canadian Pacific (CP) Railway have opened a new Pacific Transload Express facility in Vancouver aiming to ease logistics and relieve supply chain...

Desperate shippers swallow contract rates at double 2020 Levels

Early indications from the annual contract negotiations being closed between beneficial cargo owners and carriers point to shippers paying up to three times as...

Key maritime companies sign MoU to develop ammonia supply chain

Five major maritime companies signed a Memorandum of Understanding (MoU) today that will see the companies explore the possibility of establishing a green ammonia...

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...

Singapore slips, but PSAI increases volumes in 2020

Global container terminal operator PSA International has reported a 1.7% increase in container volumes for its terminals around the world, with its Singapore facility...

HHLA strengthens its Ukrainian rail network

Hamburger Hafen und Logistik AG (HHLA) has established its own intermodal company in Ukraine, the Ukrainian Intermodal Company (UIC), offers container transport by rail...

KITA proposals seek Seoul action on soaring Pacific rates

The Korea International Trade Association (KITA) has submitted a proposal to the Ministry of Trade, Industry and Energy and the Ministry of Oceans and...

CCS could be GHG gamechanger

K Line, whose container ship division is now part of Ocean Network Express (ONE), is collaborating with Mitsubishi Shipbuilding and class society ClassNK, to...

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...

Online resiliency training offers seafarers a lifeline

Training for seafarers trapped on board vessels for up to 18 months can now be viewed online if crew have access to a web...

Owners search for bargain basement deals

Second-hand vessel sales for containerships has nosedived in the midst of the current Covid-19 crisis with just 46 ships having changed hands from 1...

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Maersk enhances ME2 service, expanding operations to North Europe

Danish container line Maersk has unveiled upgrades to its ME2 service, extending its operations to North Europe. The ME2 service, formerly turning in the Mediterranean...

Renowned economist predicts decline of large container vessels in future trade landscape

The large container vessels might become increasingly obsolete, according to the renowned economist, historian and journalist Marc Levinson, in a future trading landscape, where...

CMA CGM vessel restarts voyage after stalling near New York bridge

One of CMA CGM’s ships has been finally permitted to resume its voyage, after suffering a loss of propulsion just outside the port of...

Kuehne+Nagel “streamlines” repoting structure worldwide

The Board of Directors of Kuehne+Nagel International AG has approved a new direct reporting of the country organisations. "This change sets the course for further...

Hapag-Lloyd takes largest ship-to-ship LBM delivery in Rotterdam

Titan Clean Fuels, a major supplier of liquefied natural gas (LNG) and liquefied biomethane (LBM) to maritime clients, along with STX Group, a global...