Container Shipping News

 

ONE Announces Asia Pacific 1 Service

Feb 16, 2024

Ocean Network Express (ONE) has launched a new route connecting Asia and the US West Coast: Asia Pacific 1 (AP1) as a result of sustained growth of US import volumes from Asia to the US.The AP1 service introduces direct routes from Taipei and Shekou to the U…

Spanish Police Seize Eight Tonnes of Cocaine

Feb 12, 2024

Spanish police seized eight tonnes of cocaine from Suriname hidden in a container disguised as a power generator in the southern port of Algeciras, tax authorities said on Monday.The haul of cocaine, one of the largest ever intercepted in Spain…

Maersk Will Consider Possible DB Schenker Deal

Feb 08, 2024

A.P. Moller-Maersk will consider whether to buy Germany's DB Schenker, the logistics arm of Deutsche Bahn which was put for sale last year, its CEO said on Thursday.'It will have consequences whether we do the deal or don't do the deal because it changes the landscape in logistics…

Container Market Growth Modest in 2023

Feb 07, 2024

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…

Panama Canal Does Not Plan Transit Restrictions Before April

Feb 07, 2024

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…

Maersk Operations Disrupted in Some Locations in Americas

Feb 07, 2024

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…

Ulsan Hosts First Ship-To-Ship Methanol Bunkering Operation

Feb 04, 2024

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…

ONE Trials Dual-Temperature, Controlled-Atmosphere Container

Feb 01, 2024

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…

“This is not a decision against THE Alliance,” says Hapag-Lloyd Chief

Jan 17, 2024

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…

Port of Los Angeles Finishes 2023 with Strong Growth

Jan 16, 2024

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…

2023 a Record Year for PSA International

Jan 15, 2024

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 and Xiamen Port Cooperate on Logistics

Jan 15, 2024

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…

As Missiles Soar, Freight Rates Soar, too

Jan 12, 2024

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…

Maersk Signs Methanol Bunkering MoU with City of Yokohama

Dec 28, 2023

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…

Red Sea Shipping Workarounds Add Costs, Delays for Suppliers

Dec 28, 2023

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…

Logistics News

Only One Bid, DEME, for Argentina River Dredge Contract

Only One Bid, DEME, for Argentina River Dredge Contract

Saverex NV Launches Takeover Bid for Exmar NV

Saverex NV Launches Takeover Bid for Exmar NV

Hefring Marine’s IMAS to Upgrade MSRS Maritime Nav Tech

Hefring Marine’s IMAS to Upgrade MSRS Maritime Nav Tech

Indian Prime Minister, French President Visit CMA CGM HQ

Indian Prime Minister, French President Visit CMA CGM HQ

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First time in nearly a year, transits through the Panama Canal dropped in January
South Korea's MFG purchases around 115,000 metric tonnes feed wheat
After a tanker sinks, Russia's Ust-Luga Port continues to export fuel