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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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HMM, ONE launch new Far East Latin America Express service

HMM and Ocean Network Express (ONE) will introduce an enhanced service connecting Far East Asia with Latin America. This new product, named Far East-Latin America...

Hapag-Lloyd implements new peak season surcharges worldwide

Hapag-Lloyd has announced several peak season surcharges (PSS) worldwide effective from the next days in July and early August. The German ocean carrier will apply...

Extreme weather halts container traffic at Cape of Good Hope

Severe weather conditions near the Cape of Good Hope have halted container traffic this week, according to an analysis by LSEG Shipping Research. "We have...

CMA CGM ship loses 44 containers off South Africa

The 18,000 TEU container vessel CMA CGM Benjamin Franklin encountered severe weather off the coast of South Africa, resulting in the loss of 44...

Record-breaking demand for ocean container shipping adds to perfect storm in market

Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion. The 15.94 million TEUs...