In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%.“Container market growth has lagged behind overall economic development significantly, as the world economy has grown 10% since 2019…
The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate water levels at the end of the dry season, Deputy Administrator Ilya Espino told Reuters.A severe drought last year…
Shipping company A.P. Moller-Maersk A/S is experiencing computer network issues that are disrupting operations in some locations in the Americas, Bloomberg News reported on Wednesday.Maersk said there was 'no indication' of malicious or cyber activity…
The Korean Ministry of Oceans and Fisheries and Ulsan Port Authority have announced a world first with the completion of a ship-to-ship (STS) bunkering of green methanol to the 16,000 TEU container ship Ane Maersk at Ulsan Port, South Korea…
Ocean Network Express (ONE) has launched the world’s first dual-temperature refrigerated container equipped with controlled atmosphere functionality in collaboration with Pan Pacific International Holdings (PPIH) and NAX Japan.It is the world's…
Hapag-Lloyd and Maersk signed an agreement for a new long-term operational collaboration called Gemini Cooperation, aiming to start in February 2025.Simultaneous with the announcement, Hapag-Lloyd informed its partners in THE Alliance that it would end its participation in January 2025…
The Port of Los Angeles closed out 2023 on a strong note, processing 747,335 TEUs, 2.5% more than last year. It was the fifth consecutive month of year-over-year gains.December 2023 loaded imports landed at 369,477 TEUs, an increase of 5% compared to the previous year…
Port operator PSA International enjoyed a record-breaking year last year as it handled container volumes amounting to 94.8 million TEUs across its port terminals around the world.PSA’s ports and cargo solutions portfolio comprises over 60 deepsea…
SITC signed a framework agreement with Xiamen Port Holdings Group on January 10 that aims to jointly boost logistics.Headquarter based in Hong Kong, SITC is an intra-Asia shipping logistics company. Its business scope covers container liner shipping…
Missile strikes by the US and UK against Houthi militia in Yemen has brought heightened tensions across the region with disruption to ocean freight shipping set to deteriorate further.At approximately 2.30am (Sanaa/Red Sea time) today, Friday…
A.P. Moller-Maersk has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical. The agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU…
Toymaker Basic Fun's team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea.Suppliers for the likes of IKEA…
The Port of Singapore has registered a record three billion gross tonnage (GT) in annual vessel arrival tonnage.The record was reached with the arrival of the 8,628 TEU, 98,799 GT Singapore-flagged container ship, ONE Olympus, at the Pasir Panjang Terminal on December 25…
Malaysia will ban Israeli shipping company ZIM from docking at any of its ports effective in four weeks, Prime Minister Anwar Ibrahim said on Wednesday.'This restriction is a response to Israel's actions that violate basic humanitarian principles and international laws…
A.P. Moller - Maersk is about to launch the first of its 18 large methanol-enabled vessels currently on order. On February 9, 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas…
