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Market buzzes in expectation of ULCS building spree
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Japanese banks Yamiguchi Financial Group and Ehime Bank have established a joint venture called the West Seto Partnership Agreement (WSPA), with the aim of...
IMO 2020 boosts demand for post-Panamax container vessels
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High demand for post-Panamax container ships has resulted in a string of sales since the start of 2020, a trend aided by the new...
CMA CGM downplays fever reports on ship
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French liner operator CMA CGM said that all crew members on one of its container ships are in good health, despite reports to the...
VSFLO price decline gathers pace
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The decline in the cost of VSLFO has intensified with the approach of the Lunar New Year in China and pressure on the price...
Market decline is a symptom of coronavirus disease
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Global trade markets are tense in the face of the novel coronavirus (nCoV) which has spread through parts of China and is hitting transport...
CMB aims for carbon neutrality this year
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Belgian shipping company CMB has pledged to achieve net zero carbon status in the course of the current year.
The Antwerp-based group, which is celebrating...
HMM changes terminals in Gwangyang port
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Hyundai Merchant Marine is expected to shift its cargo handling in Gwangyang port, from Hutchison Ports' terminal, to Gwangyang West Container Terminal (GWCT).
South Korea's...
Northern Jupiter owners declare general average
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Following the outbreak of fire on the 8,500TEU container vessel Northern Jupiter operated by ONE and owned by Norddeutsche Reederei H. Schuldt, a subsidiary...
Long Beach suffers in Trump’s China trade war
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Throughput at the Port of Long Beach fell substantially last year as the impact of the trade dispute with China took its toll.
Import cargo...
DP World anger at MUA as dispute intensifies
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DP World’s COO Andrew Adam hit back at the Maritime Union of Australia (MUA) accusing the union of “grandstanding” in preference to collective bargaining...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes
Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...
Wan Hai Lines debuts new Vietnam–Thailand–India direct route
Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...
Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return
As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...
MSC and ZIM downsize joint Far East-US East Coast service network
In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
