Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges.China International Marine Containers (CIMC) in September had agreed to buy the Danish shipping company AP Moeller - Maersk's refrigerated containers maker for $987.3 million.The U.S…
Coast Guard Sector New York personnel conducted three warehouse spot checks at the Port of New York and New Jersey this week, uncovering a 60% deficiency rate in hazardous material compliance. The targeted inspections, driven by Customs and Border Protection (CBP) container screening data…
Maritime consultancy Drewry said on Thursday that it expects global container port volume to fall 1% as a direct result of U.S. trade policies.That would be the third drop in global container shipping demand since London-based Drewry began recording that data in 1979…
The Port of Oakland closed the first quarter of 2025 on a strong note. Total container volume rose 7.2% compared to March 2024, with Port operators handling 217,415 TEUs (twenty-foot equivalent units) in March 2025. That performance brings first-quarter volume to 601…
The world’s first container port, Carbon Inset Program, has registered more than 100,000 TEUs worth of import-laden containers by cargo owners in its first two months.Launched by DP World in the UK in December 2024, the six-month trial commenced…
Shipping lines and container owners in North America (majorly in the U.S.) are finding it difficult to return containers to China. To add to the present challenges, the U.S. is also facing major trucking issues that are making cargo movement within the country difficult…
Global growth in container fleets through new orders and building activity will outstrip shipping demand from next year and ease current market tightness, the chief executive of Hapag-Lloyd said in an analyst call on Thursday.“Over the upcoming 24 months…
Hundreds of dockworkers at one of Britain's largest container ports will be balloted for strike action in a dispute over pay and conditions, a union representing them said on Tuesday, threatening disruption to supply chains.Staff from a range of sectors…
Police in Bangladesh on Wednesday opened an investigation into eight officials from a shipping container depot after a blaze killed at least 44 people, including 10 firefighters, and injured around 200 others, officials said.Firefighters put out the blaze at the depot in Sitakunda…
Firefighters in Bangladesh brought a blaze at a container depot under control on Tuesday, three days after fiery explosions killed at least 43 people at a facility that a senior fire service official suspected had not followed safety guidelines…
Firefighters battled for a third day on Monday to control a huge fire that killed dozens when it triggered explosions at a Bangladesh container depot, as officials warned of the risk of further blasts if the flames spread to chemicals stored nearby…
In contrast to spot rates on the Far East to North Europe trade which have fallen by more than USD 3,600 per FEU [Forty-Foot-Equivalent-Unit ] since the start of the year, those to the Mediterranean have seen a much smaller decline, falling by just USD 850 per FEU…
Singapore-based container shipping company Ocean Network Express (ONE) announced it is expanding its refrigerated container (reefer) fleet by adding another 6,500 new units (including 500 units equipped with advanced Controlled Atmosphere (CA)…
Shipping group Maersk still has vessels calling at Russian ports to deliver containers booked before the invasion of Ukraine began and to pick up around 50,000 containers stranded in Russia, Chief Executive Soren Skou said on Tuesday.The company…
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…
