Containerships News

 

Ocean Cargo Rates Climb After New Red Sea Ship Attacks

Jan 03, 2024

Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route.Yemen-based…

CMA CGM Hikes Shipping Rates Between Asia and Mediterranean

Jan 02, 2024

Unlisted French shipping group CMA CGM increased its container shipping rates from Asia to the Mediterranean region by up to 100% as of Jan. 15 compared to Jan. 1, it said on its website on Tuesday.A CMA CGM spokesperson declined to provide…

Shipping Container Price Surge to Reverse Due to Overcapacity

Dec 21, 2023

Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in early December due to market overcapacity, the head of an online container logistics platform said on Wednesday…

Market Watch: Container Freight Rates Fall, Costs Soar

Dec 07, 2023

'So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in 2019…

Maersk Enters Deal for Half a Million Tonnes of Green Methanol Annually

Nov 22, 2023

Maersk on Wednesday announced it had entered into the shipping industry's first large-scale agreement for green methanol from China's Goldwind, and said production of green methanol was high on the political agenda in China.Shipping industry…

Maersk Winds Down Operations in Syria

Nov 21, 2023

Danish shipping company Maersk will from Dec. 1 no longer offer shipments to or from Syria, it said on Tuesday.Maersk said in a statement its operations in Syria are already limited as a result of international sanctions.'This has recently become even more challenging logistically…

Hapag-Lloyd Posts 77% Drop in Nine-month Net Profit, Cuts Outlook

Nov 09, 2023

German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.2 billion euros ($3.43 billion) for the first nine months of 2023, down by 77% from a year earlier, and cut its forecasts for full-year earnings.Net profit was down from 13…

Container Shippers in Store for Stormy 2024 - Xeneta

Oct 23, 2023

Supply chains around the world could be at serious risk amid expected increases in the cost of ocean freight shipping during 2024.Oslo-based Xeneta has carried out in-depth analysis of the latest ocean freight rates and branded the current market as unsustainable…

Cavotec Wins €6.65 Million Shore Power Order

Oct 20, 2023

Cavotec reports it has signed a contract with one of the world’s largest shipping lines to supply shore power equipment for newbuild containerships.The €6.65 million order is for Cavotec’s PowerFit units, which are complete containerized solutions…

Zim Says Shipping Interruptions May Occur to Israel Service

Oct 11, 2023

Operations and services to Israeli ports are continuing without interruption although service interruptions may occur at short notice, Israeli container line Zim said on Wednesday.While around 90% of its operations are outside Israel, the company…

Maersk Sets Up Green Methanol Company

Sep 14, 2023

Maersk has teamed up with its majority owner to form a new company to produce 'green methanol', the shipping company said on Thursday, as it held a naming ceremony for the world's first container vessel powered by the low-carbon fuel.Green methanol…

Global Container Freight Still Stalled

Sep 07, 2023

Global industrial production and containerised freight flows remained in the doldrums at the start of the third quarter, confounding predictions earlier in the year for a strong rebound.Manufacturers and distributors in North America and Europe…

Maersk Finalizes ECO Delivery Deal with Amazon

Sep 06, 2023

A.P. Moller - Maersk and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers (40,000 TEU) using green biofuel through Maersk’s “ECO Delivery” ocean product offering.Maersk estimates this purchase will contribute to a reduction in 44…

Maersk's Methanol Ship Makes Maiden Refueling in Rotterdam

Aug 29, 2023

The port of Rotterdam has for the first time refueled a methanol-powered container ship as the shipping industry turns to the technology to cut its emissions, methanol producer OCI Global said on Tuesday.The Maersk-owned ship began its 21,500 km (13…

Evergreen Containership is Largest Ever to Call Port of Baltimore

Aug 21, 2023

The Helen Delich Bentley Port of Baltimore today welcomed the largest container ship ever to visit Maryland with the arrival of the Evergreen Ever Max at Seagirt Marine Terminal. The vessel weighs 165,350 tons and has the capacity to handle 15…

Logistics News

JF Fendercare to Supply Equipment for Terminal Expansion in Singapore

JF Fendercare to Supply Equipment for Terminal Expansion in Singapore

As Shale Oil Gains Slow, Deepwater Port Struggles for Customers

As Shale Oil Gains Slow, Deepwater Port Struggles for Customers

China's Imports of Russian Oil Near Record High

China's Imports of Russian Oil Near Record High

Port of Detroit Unveils Plan to Decarbonize Operations

Port of Detroit Unveils Plan to Decarbonize Operations

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