Containers & Breakbulk News

 

Shipping Container Suppliers Abandon $987 Million Deal After US Probe

Aug 25, 2022

Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges.China International Marine Containers (CIMC) in September had agreed to buy the Danish shipping company AP Moeller - Maersk's refrigerated containers maker for $987.3 million.The U.S…

Shipping Lines, Container Owners Struggle to Return Boxes to China

Sep 12, 2022

Shipping lines and container owners in North America (majorly in the U.S.) are finding it difficult to return containers to China. To add to the present challenges, the U.S. is also facing major trucking issues that are making cargo movement within the country difficult…

NYK Tokyo Container Terminal Begins Ops with New Transfer Cranes

Aug 17, 2022

NYK Line and UNI-X NCT Corporation (UNI-X) have begun operation of four state-of-the-art transfer cranes developed by Mitsui E & S Machinery Co., Ltd.The four cranes are based at the NYK Tokyo Container Terminal (NYTT), and each comes equipped…

Global Container Fleet Growth to Outpace Demand - Hapag-Lloyd CEO

Aug 11, 2022

Global growth in container fleets through new orders and building activity will outstrip shipping demand from next year and ease current market tightness, the chief executive of Hapag-Lloyd said in an analyst call on Thursday.“Over the upcoming 24 months…

UK Dockworkers at Major Container Port to Vote on Strike Over Pay

Jul 19, 2022

Hundreds of dockworkers at one of Britain's largest container ports will be balloted for strike action in a dispute over pay and conditions, a union representing them said on Tuesday, threatening disruption to supply chains.Staff from a range of sectors…

Bangladesh Police Investigating Deadly Container Depot Fire

Jun 08, 2022

Police in Bangladesh on Wednesday opened an investigation into eight officials from a shipping container depot after a blaze killed at least 44 people, including 10 firefighters, and injured around 200 others, officials said.Firefighters put out the blaze at the depot in Sitakunda…

Two Days After Deadly Blasts, Bangladesh Container Depot Still Burns

Jun 06, 2022

Firefighters battled for a third day on Monday to control a huge fire that killed dozens when it triggered explosions at a Bangladesh container depot, as officials warned of the risk of further blasts if the flames spread to chemicals stored nearby…

Container Rates: Diverging Trends for Far East to Mediterranean vs North Europe - Xeneta

Apr 27, 2022

In contrast to spot rates on the Far East to North Europe trade which have fallen by more than USD 3,600 per FEU [Forty-Foot-Equivalent-Unit ] since the start of the year, those to the Mediterranean have seen a much smaller decline, falling by just USD 850 per FEU…

ONE Expands Its Reefer Box Fleet

Mar 25, 2022

Singapore-based container shipping company Ocean Network Express (ONE) announced it is expanding its refrigerated container (reefer) fleet by adding another 6,500 new units (including 500 units equipped with advanced Controlled Atmosphere (CA)…

Maersk Picking up 50,000 Stranded Containers at Russian Ports

Mar 15, 2022

Shipping group Maersk still has vessels calling at Russian ports to deliver containers booked before the invasion of Ukraine began and to pick up around 50,000 containers stranded in Russia, Chief Executive Soren Skou said on Tuesday.The company…

Maersk Triples Quarterly Income Despite Lower Container Volumes

Nov 02, 2021

Shipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.The coronavirus pandemic has prompted a shortage of container ships and logjams at ports at a time of high consumer spending…

Meishan Terminal at China's Ningbo Port Resumes Operations

Aug 25, 2021

Meishan terminal at China's Ningbo port resumed operations on Wednesday after shutting down for two weeks due to a COVID-19 case, a port official said at a press briefing.The closure of the terminal has caused logjams at ports across China's…

Congestion Worsens Near China's Top Container Ports

Aug 13, 2021

Congestion off China's top two container ports Shanghai and Ningbo is worsening following the shutdown of a container terminal in Ningbo where a COVID-19 case was detected this week.Tighter restrictions to fight China's latest coronavirus outbreak are starting to hit more parts of the economy…

Alaska Marine Lines Imports Containers from China

Aug 11, 2021

This spring, the M/V Saga Welco Indiana departed the port of Qingdao, China, with 600 new refrigerated shipping containers on their way to be put into service at Alaska Marine Lines. These units are the latest addition to Alaska Marine Lines' fleet of nearly 29…

Seismic Isolation System for Pair of Quayside Container Cranes

Aug 09, 2021

A seismic isolation system provided by Casper, Phillips & Associates Inc. (CPA) has been installed on two quayside container cranes.The crane base anti-seismic isolation system (BASIS) is built on non-linear time history analysis (NLTHA) and…

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