Container Ships News

 

Shipping Giant Maersk Replaces CEO

Dec 12, 2022

Shipping giant A.P. Moller-Maersk said on Monday it had appointed Vincent Clerc, who has been with the firm for 25 years, to replace Soren Skou as Chief Executive Officer as of Jan 1. Company veteran Clerc, who currently heads the company's Ocean & Logistics business, is taking the helm at a time of slowing demand for transport and logistics as a global recession looms. 'The strong tailwinds that benefited the supply chain industries during the pandemic are coming to an end…

X-Press Feeders Signs Green Corridor MoU with Six European Ports

Apr 07, 2024

X-Press Feeders has signed of a memorandum of understanding (MOU) with six European ports: Port of Antwerp Bruges (Belgium), Port of Tallinn (Estonia), Port of Helsinki (Finland), Port of HaminaKotka (Finland), Freeport of Riga (Latvia) and Klaipeda Port (Lithuania)…

Carbon Capture @ Sea: Evergreen Ship Notches World First

Mar 21, 2024

ClassNK has granted its SCCS-Full class notation to Evergreen’s Neopanamax container vessel Ever Top.Short for Shipboard Carbon dioxide Capture and Storage-Full, the SCCS-Full notation signifies that the vessel is now equipped with onboard CO2 capture and storage (CCS) systems…

Container Shipping Fleet gets 'Long in the Tooth'

Oct 26, 2023

Global container ship fleet is showing its age, reaching highest average age on record of 14.2 years.“Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main shipping sectors. The dry bulk fleet has an average age of 11…

Maersk's APM Terminals to Double Capacity in Rotterdam Port

Mar 28, 2023

APM Terminals, a subsidiary of Danish shipping company Maersk, plans to double its capacity at Rotterdam Port, a spokesperson for the company said on Tuesday. APM, one of the largest operators at the port, currently operates a one-kilometer…

Zim Sammy Ofer: The First LNG-powered Vessel in ZIM's Fleet

Feb 17, 2023

South Korea's Samsung Heavy Industries shipyard hosted a naming ceremony for the 15,000 TEU LNG dual-fuel vessel Zim Sammy Ofer.The Zim Sammy Ofer is the first of 10 vessel ordered in a long-term chartering agreement between ZIM and Seaspan Corporation…

Tech File: Containership Major Adopts Container FiFi System Fleetwide

Aug 16, 2022

A.P. Moller - Maersk will equip its fleet with the HydroPen firefighting system from Viking Life-Saving Equipment.With fires inside containers on fully laden containerships remaining a major security risk for the industry, A.P. Moller - Maersk has opted to adopt HydroPen…

As Shanghai Reopens, California Ports Prepare for Cargo Surge

Jun 02, 2022

California port leaders expect imports to rise as Shanghai, home to the world's busiest seaport, emerges from a two-month COVID-19 lockdown.The question is whether that release of pent-up goods will again swamp West Coast ports that have recently emerged from the pandemic's massive cargo wave…

ZIM Announces Record Financial Year in 2021

Mar 09, 2022

Net Income of $4.65 Billion, Adjusted EBITDA  of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated…

Demand Shock Behind Global Bottlenecks Should Ease in Months -WTO

Feb 14, 2022

Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization's chief economist said on Monday.The WTO had thought in October that demand for goods would slow early in 2022…

Supply Chain Chaos to Boost Maersk 2022 Profit

Feb 09, 2022

Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half.It expects underlying earnings before interest, tax…

Size Not the Main Goal, Shippers Say, as MSC Overtakes Maersk

Jan 06, 2022

Swiss-based container group MSC has overtaken Denmark's Maersk as the world's biggest shipper, the company said, confirming data from intelligence provider Alphaliner.After taking delivery of several ships last year, MSC or Mediterranean Shipping Company has capacity to move the equivalent of 4…

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…

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…

AI Specialist Launches Container Tracking to Alleviate Shipping Risks

Jul 21, 2021

Predictive intelligence tech company Windward has launched Container Insights, a capability that provides live screening and tracking of containers and Bill of Lading (BOL) verification.The new capability, which Windward says enhances the company’s current Cargo Insights…

Logistics News

Holt Lock Closed Due to Stability Concerns

Holt Lock Closed Due to Stability Concerns

CBP Cracking Down on Maritime Auto Theft

CBP Cracking Down on Maritime Auto Theft

US Army Corps of Engineers Names New Chief

US Army Corps of Engineers Names New Chief

US Importers Balk at Return of $10,000 Container Shipping Rate

US Importers Balk at Return of $10,000 Container Shipping Rate

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