Containerships News

 

Container Rates Soar on Concerns of Prolonged Red Sea Disruption

Jan 12, 2024

Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring concerns of a prolonged disruption to global trade in Red Sea, one of the world's busiest routes, industry officials said on Friday.U.S. and British warplanes, ships and submarines launched dozens of strikes across Yemen overnight in retaliation against Iran-backed Houthi forces for attacks on Red Sea shipping…

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Jun 13, 2024

TCP, an arm of China Merchants Port, is working to dissuade a logistics firm from applying a surcharge on outgoing cargos at South America's largest container terminal, TCP Commercial Director Carolina Brown said.France-based logistics firm CMA CGM's $150 surcharge…

Maryland Governor Urges Congress to Fund Bridge Rebuild

Apr 01, 2024

With efforts underway to clean up thousands of tons of steel debris from the collapsed bridge in Baltimore's harbor, Maryland Governor Wes Moore on Sunday urged Republicans to work with Democrats to approve the federal funding needed for rebuilding…

Ships Bound for Baltimore Drop Anchor After Traffic Stopped

Mar 26, 2024

At least 10 commercial ships that were sailing to the U.S. port of Baltimore have dropped anchor in waters nearby, data from ship tracking and maritime analytics provider MarineTraffic showed on Tuesday.A container ship smashed into a four-lane bridge in the port on Tuesday…

Baltimore Bridge Collapse Could Disrupt Supply Chain -Xeneta

Mar 26, 2024

The containership allision that caused the collapse of the Francis Scott Key Bridge in Baltimore could cause 'significant disruption' to shipping supply chains, according to industry analyst Xeneta.The 10,000 TEU Singapore-flagged Dali was operating…

Rotterdam World Gateway to Provide Shore Power at All Berths

Mar 01, 2024

Rotterdam World Gateway (RWG) container terminal will equip its entire quayside with shore-based power for all vessels, slashing emissions of particulates, nitrogen and CO2 while at berth.RWG, which is already fully automated and CO2 neutral…

US Import Volumes Seen Rising Despite Red Sea Disruptions

Feb 12, 2024

Inbound cargo volume at the United States’ major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates…

Evergreen & X-Press Feeders Ink MOA for Methanol-fueled Feedering

Feb 01, 2024

Global container shipping line Evergreen Marine Corporation has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels…

Westwood Shipping Lines Rebrands as Swire Shipping

Feb 01, 2024

Swire Shipping announced that Westwood Shipping Lines, a niche vessel operator it acquired in June 2022, has changed its name to Swire Shipping.According to Sire, the rebrand—which took effect February 1—will help Westwood to leverage synergies and capabilities in containers…

Maersk Names Charles van der Steene President for North America

Jan 29, 2024

A.P. Moller - Maersk (Maersk) announced it has appointed Charles van der Steene as the new Regional President for North America, effective February 1, 2024. With the move, van der Steene will join the company’s Executive Leadership Team.A logistics industry veteran…

Red Sea Shipping Attacks Pressure China's Exporters

Jan 22, 2024

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe…

Houthi Rockets Wreak Havoc on Middle East Container Shipping

Jan 17, 2024

As the Houthis recklessly launch drone and missile attacks on commercial ships in the Red Sea, carriers and shippers will pay as some marine traffic reroutes around South Africa. Peter Sand, Chief Analyst, Xeneta, discusses with Maritime Reporter…

ONE Orders 12 Methanol Dual-Fuel Containerships

Jan 17, 2024

Japanese shipping company Ocean Network Express (ONE) has signed shipbuilding contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for the construction of 12 13,000 TEU methanol dual-fuel containerships.Each shipyard will build six vessels and are all scheduled to be delivered from 2027…

APM Terminals to Develop Container Terminal at Plaquemines Port

Jan 12, 2024

Plaquemines Port Harbor and Terminal District announced it signed a letter of intent (LOI) with APM Terminals (APMT) to build a container terminal on the West Bank of Plaquemines Parish, La.Plaquemines Port will lease the land to APM under a 30-year agreement with extension options…

US Trade Deficit Shrinks on Falling Imports

Jan 09, 2024

The U.S. trade deficit unexpectedly narrowed in November as imports of consumer goods fell to a one-year low amid slowing domestic demand, a trend that, if it persists in December, could result in trade having no impact on economic growth in the fourth quarter…

Logistics News

Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port

Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port

Houston Container Volumes Up 21% in May

Houston Container Volumes Up 21% in May

EU Sanctions Target Russian Gas for the First Time

EU Sanctions Target Russian Gas for the First Time

Singapore to Seek Compensation from Shipowner for Oil Spill

Singapore to Seek Compensation from Shipowner for Oil Spill

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