China's COSCO Shipping Group and the Dalian Commodity Exchange (DCE) have signed an agreement to jointly work on developing shipping derivatives such as container capacity futures, according to an article posted by the bourse on Thursday.China's…
For European exporters looking to source shipping containers, existing shortages could deteriorate significantly in the coming weeks, according to the latest data from Container xChange, an online platform for the leasing and trading of shipping containers…
German container liner Hapag-Lloyd will make more investments in vessel capacity this year to grow in line with the global market, where it is the number five operator, Chief Finance Officer Mark Frese told analysts on Wednesday.Apart from the unspecified further investments in containers…
Multimodal logistics company Samskip said it has added 1,100 containers to its fleet over recent months, further enhancing its capability to ship high value, temperature-controlled and perishable goods across the European markets and the rest of the world…
Gaining new operational advantages and efficiencies for its refrigerated shipping operations, Atlantic Container Line (ACL) is acquiring 150 new containers equipped with Carrier Transicold PrimeLINE refrigeration units featuring the Lynx Fleet digital solution…
Global port operator DP World on Thursday said the near-term trading environment was positive as it reported a 10.2% increase in first-quarter shipping containers volumes.The Dubai state-owned company handled 18.9 million shipping containers in the January-March period…
Container shipping firm Hapag-Lloyd said surging demand for bulky goods like exercise equipment from locked-down consumers may flatten out in the second or early third quarter, helping to ease disrupted shipping logistics.'Things will normalize…
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…
CMA-CGM, the world's fourth-largest container shipping line, has told customers it will not take bookings for cargo due to arrive at ports in southern China over several weeks in early 2021 due to a suspension of service by feeder operators…
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…
Pursuant to direction from FMC Chairman Michael Khouri, the Federal Maritime Commission has issued letters to the three global carrier alliances (2M, THE, and OCEAN) requiring that certain carrier-specific trade data currently filed with the Commission quarterly…
The 18,465 containers moved from the ultra-large container vessel (ULVC) MSC Isabella at APM Terminals’ Pier 400 in the Port of Los Angeles last week set a new world record for most boxes moved during a single port call.The Port of Los Angeles…
A Singapore-flagged containership that lost at least 40 containers overboard off the coast of Sydney has been detained by authorities in the Port of Brisbane after Australian inspectors found inadequate lashing arrangements for cargo and heavily corroded securing points for containers on deck…
The North Carolina State Ports Authority set a new record for refrigerated container volume. North Carolina Ports moved 1,459 refrigerated containers – 2,918 20-foot equivalent units (TEU) – through the Port of Wilmington during the month of April…
China is the Port of Hamburg’s most important trade partner. Hamburg serves as the gateway to Europe for Chinese goods. Along with handling ocean shipping, the port city is also an important railway hub for transports to and from China. The…
