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Danaos completes debt restructuring
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Greek vessel charterer Danaos Corporation has restructured its US$1.25 billion debt, the refinancing reduces the outstanding debt to a single credit facility from the...
Mitsui to send staff to Mærsk Mc-Kinney Møller Center
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Japanese technology company Mitsui & Co has agreed to the secondment of specialist technicians to the Copenhagen-based JapanMærsk Mc-Kinney Møller Center for Zero Carbon...
CULines executing more Asia-Europe services
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The success of China United Lines’ one-off Asia-Europe service was such that the carrier will add more sailings after its first service was sold...
D&D costs cut in half with efficient management systems
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Studies by Maersk into the effectiveness of its own Destination Cargo Management (DCM) programme point to a 50% reduction in exposure to unwanted demurrage...
Desperate shippers swallow contract rates at double 2020 Levels
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Early indications from the annual contract negotiations being closed between beneficial cargo owners and carriers point to shippers paying up to three times as...
Antong marks turnaround with 2020 profit
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Antong Holdings, parent company of China’s second largest domestic liner operator Quanzhou Ansheng Shipping, has capped its restructuring with a net profit for 2020.
The...
Six days in Suez that altered the trade outlook
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Ever Given disrupted the trade bottleneck known as the Suez Canal, which handles around 12% of global trade annually, causing hundreds of vessels to...
Box losses don’t stack up. Part Three
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In Part Two of Box losses don’t stack up the discussion centred around possible regulatory failures, including a look at the loading of ships...
Jinchon Ferry orders new ro-ro ferry after 20 years
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Tianjin-Inchon International Passenger & Cargo Shipping (more commonly known as Jinchon Ferry), which operates a passenger-and-container service between South Korea’s Incheon port, and China's...
Companies in Singapore declaration on emissions research
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Six companies including Singapore’s Ocean Network Express (ONE), Sembcorp Marine, Eastern Pacific Shipping and the Maritime and Port Authority of Singapore (MPA) have signed...
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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...
