Hapag-Lloyd has ordered 24 new container ships from two Chinese shipyards with a combined investment volume of about $4 billion, it said on Wednesday.Twelve ships, each with a capacity of 16,800 TEUs (twenty-foot equivalent units), will be built by Yangzijiang Shipbuilding Group…
Suez Canal Chairman Gamal El-Dein says Canal Economic Zone set for rapid expansion.Egypt's Suez Canal Economic Zone (SCEZ) has invested $3 billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it works to attract investors…
Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5m TEU have been delivered, surpassing the previous full year high of 2.3m TEU in 2023,” says Niels Rasmussen…
Ocean container carriers are desperately trying to push spot freight rates up in early November to halt the market decline and strengthen their hand during negotiations with European shippers for new long-term contracts.Latest data from Xeneta’s…
Unionized workers started an unlimited strike at two terminals of the port of Montreal on Thursday amid stalled talks on a new labor contract, the employers' association said. The strike affects two terminals operated by Termont, which handle…
In September, Port Houston surpassed three million TEUs faster than ever before. The port has recorded 3,120,589 TEUs so far this year, a 10% increase compared to the same period in 2023.Loaded imports were up 4% for the month of September and 8% year-to-date…
Companies that handle import containers from the Far East and Oceania are next in line for participation in the Port of Rotterdam’s Secure Chain system. As of February 3, 2025, containers from both shipping areas will only be released using the new security system rather than the use of PIN codes…
The Ports of Indiana and Port of Cork have signed an MoU that formalizes a commitment to collaborate on economic, environmental and technology initiatives and to explore the feasibility of an Ireland-to-Indiana express container shipping service…
With Leatherman Terminal working ships once again and a surge of imports moving through the Port of Charleston last month, South Carolina Ports saw September volumes increase 8% year-over-year.South Carolina Ports, alongside ILA partners, handled 214…
The two people leading Hapag-Lloyd and Maersk into the new Gemini Cooperation spoke at the Xeneta Summit in Amsterdam last week expressing confidence in the new alliance achieving its ambition of 90% service reliability.The Gemini Cooperation will begin operating on February 1 next year…
'Ocean container shipping must harness the power of machine learning to protect supply chains' was an overriding message at the Xeneta Summit in Amsterdam.“While nobody can predict Covid-19 or the Red Sea Crisis, procurement professionals are…
Two new mobile harbor cranes (MHCs) have entered operation at ICTSI’s Visayas Container Terminal (VCT) at Iloilo in the Philippines.The cranes are the first of their kind on Panay Island.Manufactured by Konecranes, each of the two new ESP.5…
Regulators and shipping experts will gather at a unique conference in Rotterdam this November to consider the scope for redesigning the exterior and interior surfaces of shipping containers.The aim: to reduce the risk of them becoming contaminated…
The resolution of a U.S. port strike is likely to keep global supply chain pressures on a calm footing, allowing for a continued slowdown in inflation, an index tracked by the New York Federal Reserve showed on Friday.The regional Fed bank's global supply chain pressure index…
“The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in October 2009…
