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…

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…

Eimskip Names New CFO

Jul 16, 2021

Iceland-based shipping and logistics firm Eimskip has appointed María Björk Einarsdóttir as CFO, to take over from Egill Örn Petersen, who has decided to resign due to personal reasons. Egill Örn Petersen, who has been the CFO of Eimskip since the beginning of 2019…

U.S. Stimulus, Consumer Spending Drives West Coast Imports to New Heights

May 19, 2021

The surge in U.S. container imports continued in April when West Coast loaded imports amounted to 1.10m TEU. Imports had never exceeded this level until August 2020, and developments in the past nine months mean that April imports are only the sixth highest on record…

'Every Ship That is Available is Sailing,' Says Hapag-Lloyd CEO

Feb 19, 2021

With historically high freight rates, fleet utilization and demand, there is no end in sight for the red-hot containership market.Container shipping giant Hapag-Lloyd CEO Rolf Habben Jansen candidly said “nobody saw this coming” as “we’ve seen a spending shift from services to goods”…

Taiwan Tells Shipping Firms Not to Lift Prices amid Container Shortage

Dec 18, 2020

Taiwan's government has urged shipping companies not to unfairly push up their prices amid a global squeeze on shipping containers and a shortage of space on cargo ships, the transport ministry said on Friday.Trade-dependent Taiwan, a tech powerhouse…

China's Exports Pinched by Global Shortage of Shipping Containers

Dec 10, 2020

China's world-beating economic rebound from the coronavirus pandemic is being blunted by a global shortage of shipping containers, sending cargo costs to record highs and hampering manufacturers in filling fast-recovering global goods orders…

Logistics News

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

'Mega Green Port' Project Planned in Åland

'Mega Green Port' Project Planned in Åland

UK Freeports Risk Harboring International Crime

UK Freeports Risk Harboring International Crime

Number of Ships Loading LNG in Spain Doubled in 2022

Number of Ships Loading LNG in Spain Doubled in 2022

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