Pain in the containershipping sector is not uncommon in 2023, and Israel's ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is no exception, today reporting 2Q and six month results:Net loss for the second quarter was $213 million, negatively…
DP World expects to add approximately three million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year.The company says this will add much needed infrastructure and capacity to boost global supply chain resilience…
“Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has grown 4…
Patrick Terminals unloaded one of Maersk’s rainbow containers at its Sydney AutoStrad on Wednesday.A.P. Moller - Maersk’s rainbow containers serve as symbols of the company’s stand on creating a culture where all employees, partners, and customers…
Swire Shipping has appointed SSA Terminals as its container terminal operator for the ports of Seattle, Long Beach, and Oakland.The multi-year agreement complements Swire Shipping’s continued investment into the North American market, enhancing…
OCI Global will supply X-Press Feeders with OCI HyFuels green methanol for their newbuild methanol dual-fueled common feeder ships from 2024.The green methanol will be used to fuel X-Press Feeders’ upcoming dual-fuel vessels servicing European…
According to Xeneta’s Shipping Index (XSI), global long-term shipping rates sank to a two-year low in July, falling 9.5% since June, plummetting 57.8% since the same period in 2022. And just as rates hit a fresh low, the bad news for carriers…
Maersk and Hong Lam Marine have conducted the world’s first ship-to-container ship methanol bunkering operation of a Maersk’s container vessel at the Raffles Reserved Anchorage in Singapore.This was also Singapore’s first methanol bunkering…
In preparation for the launch of SACP 3.0, the North Carolina State Ports Authority (NC Ports) has welcomed the arrival of Consolidated Chassis Management’s (CCM) new build container chassis.Scheduled to begin in October, SACP 3.0, the next…
The Unified Container Inspection & Repair Criteria (UCIRC) has now been revised to include inspection criteria for container depots and other container handover facilities to address pest contamination on and in containers. The first edition of the UCIRC…
Ocean Network Express (ONE) has announced a new weekly service: Latin-East-Coast Europe Express (LUX) connecting Europe and the Mediterranean to the East Coast of South America.The LUX represents ONE’s first dedicated service connecting Europe…
Volvo Cars has announced that it is switching delivery of its production material to container ships using renewable biofuel.The company will use renewable fuel for inbound ocean container transport of production material destined for manufacturing plants based in Europe and the Americas…
With the peak ocean freight cargo season approaching, the latest data from Oslo-based Xeneta shows mixed fortunes, and outlooks, for the two main Far East to Europe trade corridors.Xeneta’s analysis reveals that shippers opting for the Far East…
Newport Shipping and NSB Group announced a plan to work together to develop their ship widening proposition for its customers. The NSB Group design will increase container capacity by up to 30% by implementing its unique widening concept, according…
Ocean Network Express (ONE) plans to install telematic devices on its reefer box fleet to provide customers with more comprehensive visibility of their cargo.The telematic devices will provide ONE with active monitoring data about temperature…
