Container Ships News

 

Diego Aponte: MSC CEO Offers Insight on COVID-19 Impact

Apr 06, 2020

In an open letter posted on the MSC website, MSC Group President & CEO Diego Aponte offered public comment and perspective on the COVID-19 situation for MSC's cargo business. “The spread of COVID-19 has created a public health issue unprecedented in our lifetimes…

Contracted Rates to Fall Long-term Due to Conoravirus -Xeneta

Mar 31, 2020

The container shipping segment appears to have caught coronavirus, with the industry suffering its first monthly fall in long-term contracted ocean freight rates since October 2019. According to the latest XSI Public Indices report from Xeneta…

Hapag-Lloyd Advises that Coronavirus to Slow Growth through H1

Mar 20, 2020

German container shipper Hapag-Lloyd on Friday said the coronavirus outbreak would curb business growth at least until mid-year after reporting a jump in 2019 profit and proposing a higher dividend.Larger rival Maersk on Friday also warned of…

Evergreen Line Launches New Digital Platform

Feb 26, 2020

Taiwanese container transportation and shipping company Evergreen Line has launched a new digital platform designed to provide customers with seamless booking capabilities and greater access to integrated trade services.Evergreen Line said in…

Seaspan Buys Boxships Quartet

Feb 25, 2020

Hong Kong-based owner and manager of containerships in the world Seaspan Corporation has agreed to purchase a fleet of four containerships for approximately $367 million in cash.The ships include four 12,000 TEU vessels, with three built in 2018 and one built in 2017…

Global Container Demand to Grow by 1-3% in 2020

Feb 20, 2020

For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing sector reduces the likelihood of a material growth pick-up in 2020, although sentiment brightened a bit at the end of 2019…

Coronavirus to Hit Earnings: Maersk

Feb 20, 2020

Global integrated container logistics company A.P. Moller - Maersk posted improved earnings and free cash flow for 2019, despite weaker market conditions and global container growth of only 1.4 percent.However, the Danish business conglomerate…

Hamburg Süd Invests in the Mediterranean

Feb 20, 2020

Hamburg Süd is now exclusively represented by its own offices in Italy and Spain after business was previously partially handled by agents and joint-venture organizations. Furthermore, in Egypt the company has taken full management of Hamburg Süd Egypt…

NWSA January Container Volumes Drop

Feb 20, 2020

The Northwest Seaport Alliance’s total container volume for January 2020 was 263,816 twenty-foot equivalent units (TEUs), a 19.1% decrease from January 2019.Following an unprecedented international container throughput for the same month last year — tied to shippers moving cargo ahead of tariffs…

COVID-19 Could Impact Indian Shipping

Feb 19, 2020

India’s shipping and ports industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, according to credit rating agency ICRA.China has been a major driver of global shipping trade in tanker…

Maersk to Buy U.S. Warehousing and Distribution Firm

Feb 19, 2020

Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics solutions.Maersk said the the value of the deal is $545 million…

Hapag-Lloyd: Asia Business 'Overall Stable' Amid Virus Outbreak

Feb 18, 2020

German container shipping line Hapag-Lloyd said on Tuesday its business in Asia was 'overall stable,' although the coronavirus outbreak had extended the traditionally slack period around China's Lunar New Year holiday.China's efforts to control…

Vado Gateway Welcomes First Ship

Feb 16, 2020

APM Terminals said that its new deep-sea container terminal, Vado Gateway terminal, located in Vado Ligure, Italy, received its first commercial service on 11 February 2020.The ship, M/V Maersk Kota, was the first of seven ships from Maersk’s weekly ME2 service…

PIL Exits Transpacific Market

Feb 16, 2020

Singapore shipping company Pacific International Lines (PIL) has announced that it is quitting the Transpacific market as part of an optimization strategy.  The shipping line has been participating in a half-dozen trans-Pacific services, mostly in slot-charter arrangements…

SC Ports Scores $20 mln DOT Grant

Feb 12, 2020

S.C. Ports Authority was awarded a nearly $20 million federal grant to assist with building vital infrastructure at Wando Welch Terminal in support of the Charleston Harbor Deepening Project.The U.S. Department of Transportation awarded the Port Infrastructure Development Grant for S…

Logistics News

New Chief Executive Appointed at MPA Singapore

New Chief Executive Appointed at MPA Singapore

JSW Infrastructure Expects Cargo Volume Growth Rise in 2026

JSW Infrastructure Expects Cargo Volume Growth Rise in 2026

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

The Port of Klaipėda Begins 2025 With a 15% Increase in Cargo Handling

The Port of Klaipėda Begins 2025 With a 15% Increase in Cargo Handling

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