The container ship Ever Given, which got stuck in the Suez Canal for six days in March, arrived in the Dutch port of Rotterdam on Thursday after being released by authorities in Egypt.It was scheduled to dock at Rotterdam's ECT Delta terminal for unloading until Aug…
Two new inland container vessels built by Concordia Damen were named at a ceremony held at BCTN’s inland terminal at Den Bosch on Saturday, July 10, 2021. Den Bosch Max BV is a joint venture between logistics services provider Nedcargo International BV and inland terminal operator BCTN…
The Port of Los Angeles hit a new volume record in June as U.S. businesses race to replenish stocks and build inventories for the back-to-school, Christmas and other holiday shopping seasons.Total volume at the Port of Los Angeles hit 876,430 20-foot equivalent units (TEU) in June…
Singapore-based Intra-Asia shortsea shipping specialist CNC announced the launch of its New Korea Thailand (NKT) service providing direct and weekly connectivity between South Korea, China, Thailand and Vietnam.CNC, part of the CMA CGM Group…
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean port of Busan to meet surging export orders for the car engine oil he sells to Russia.'China is the black hole in this shipping crisis…
BIMCO’s Shipping Number of the Week: Secondhand container ship deals jump over 100% in H1 2021During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020 (source: VesselsValue)…
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…
MPC Container Ships ASA (MPCC) announced it has reached a deal to acquire fellow Norwegian-based container shipping company Songa Container AS for $210.25 million on a debt and cash free basis. The transaction is expected to be completed by the end of July 2021…
The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the canal authority, and a court ruling on the case was postponed for two weeks on Sunday to allow more time for negotiations…
Deutsche Bank is on course to make up to $1 billion on a long-shot bet on Israeli shipping firm Zim after it surged in value on the back of record-high global freight rates, Bloomberg reported on Tuesday.Citing unnamed sources familiar with the matter…
A retail trade group is asking President Joe Biden and other top administration officials to help address challenges retailers are facing from continued supply chain disruptions that are leading to congestion at U.S. ports.“The supply chain disruption issues…
Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province…
cavotec said it has won a series of orders in the second quarter with a total value of €5 million ($6.1 million) to equip the world’s largest newbuild containerships with ShorePower systems. This is in addition to €3 million ($3.7 million) in orders already secured in the first quarter…
The 15,000 TEU Brussels Express is the first large containership in the world to have been converted to liquefied natural gas (LNG) propulsion, German shipping company Hapag-Lloyd said on Monday, as operators look to LNG fuel to reduce their environmental footprint…
China's imports grew at their fastest pace in 10 years in May, fueled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by COVID-19 cases at the country's major southern ports.While…
