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Yang Ming adds new 11,000 TEU container vessel

Yang Ming Marine Transport Corp. has added one new 11,000 TEU container vessel, namely YM Trillion, which is chartered from Shoei Kisen Kaisha, Ltd....

Cargo vessel capsizes and sinks at Turkish port

General cargo vessel Sea Eagle, which was loaded with containers, lost stability and tumbled over during offloading operations at Iskenderun port in Turkey on...

Captain of stranded ship in Kaohsiung in failed escape attempt

The captain of a general cargo ship which had been stranded for half a year in Kaohsiung, Taiwan, after its ship owner failed to...

HMM and CEVA Logistics ink multi-year cooperation deal

South Korean ocean carrier HMM and French logistics firm CEVA Logistics have signed an agreement which is expected to strengthen and expand relations between...

Suez Canal Authority to apply increased transit tolls next year

The Suez Canal Authority (SCA) will increase the transit tolls for all types of vessels by 15% during the next year and by 10%...

Maersk enhances Samba service

Danish box carrier Maersk will add a ninth vessel to the fleet of its weekly North Europe - East Coast of South America "Samba"...

New KDB boss: HMM, DSME must be sold at soonest

Newly appointed Korea Development Bank (KDB) chairman Kang Seok-hoon said in a press briefing that the bank must divest its holdings in the country’s...

Market report: “Container shipping market turns a corner … in lockstep?”

Global container shipping turned a corner in the second quarter of 2022 according to the findings of the latest Quarterly Review of the market...

COSCO introduces new eBL service

COSCO SHIPPING announced the launch of the new electronic bill of lading service, named "IQAX eBL", jointly with Bank of China, on 1 September...

Hapag-Lloyd buys 49% stake in Italian logistics group

The German container shipping company Hapag-Lloyd has agreed with Spinelli Group to acquire a 49% stake in the Italian logistics firm. The Hamburg-based box carrier...

Excessive carrier profits at risk as decline in spot rates prompts renegotiation of contract rates, reports Shifl

SHIFEX, a container spot freight rate index, recorded the lowest freight rate in 24 months between Shanghai, China and Los Angeles, US. The index shows...

Yang Ming chairman: Market correction is “temporary”

Yang Ming Marine Transport chairman Cheng Cheng-mount has asserted that the ongoing correction in container freight rates is just a blip and the market...

Latest Posts

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...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...

AD Ports Group reports strong Q1 results

AD Ports Group delivered a solid financial performance in the first quarter of 2025, with significant year-on-year growth in revenue, earnings, and profits. Revenue for...

Clarksons: Tariffs could see negative growth for container shipping

Clarksons has warned that container shipping demand could regress if the US-China tariff war continues beyond this quarter. (adsbygoogle =...
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