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…
Hyundai Merchant Marine (HMM) has announced that its exclusive service connecting Far East, India and Latin America (FIL) made a maiden call in Tanjung Priok, Jakarta, on June 8.The FIL service was launched in December 2021, and the port of Jakarta…
The ocean freight industry saw a slump in global long-term rates of unprecedented proportions in May, as the contracted cost of shipping containers fell by 27.5%. The development, detailed by Xeneta’s Shipping Index (XSI), marks the ninth consecutive month of rates drops…
International Container Terminal Services, Inc. (ICTSI) has commenced construction of another berth at its flagship, the Manila International Container Terminal (MICT).To be built in phases, Berth 8 will add to the MICT’s capability to service foreign ultra container vessels of up to 18…
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three months ended March 31, 2023.Net loss for the first quarter was $58 million (compared to net income of $1,711 million in the first quarter of 2022)…
Port Houston has jumped from No. 7 to No. 5 in the Journal of Commerce’s ranking of top US container ports in terms of TEUs handled in 2022.Overall tonnage is up 4% through March compared to last year collectively for all of our terminals. “Our…
Bed Bath & Beyond Inc. has filed a complaint against Orient Overseas Container Line Limited and OOCL (Europe) Limited with the US Federal Maritime Commission (FMC).The company is seeking reparations for injuries it alleges resulted from the…
Australia-based logistics company Qube Holdings has acquired a 50% stake in New Zealand’s Pinnacle Corporation and 100% of Kalari.Pinnacle, a New Zealand owned and operated group of companies, operates both port-based and stand-alone facilities…
Cuba’s Mariel Container Terminal (TCM) has a completed channel dredging project that will enable access for Neo-Panamax vessels.Buoys have been relocated to reflect the new channel dimensions, allowing the terminal to receive vessels of up to 1…
Indonesian shipping company Meratus unveiled SMARCO-Smart Container, a technology that leverages advanced sensors and cloud-based tech for efficient and secure container shipping. Using IoT sensors, GPS tracking, and cloud-based technology,…
The World Shipping Council (WSC) has spoken out against new US legislation which aims to eliminate current vessel sharing arrangements as set out in the Shipping Act.The act establishes rules that provide legal certainty to ocean carriers to share space on ships while ensuring competitive markets…
