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Major container lines make history with US$41.6 billion earnings in 2022 Q2

Danish maritime analysis company Sea-Intelligence looked at the financial and volume results posted by the major container carriers for the second quarter of the...

MSC could face default penalty in MCS’ FMC complaint

MSC is facing a default judgement from the US Federal Maritime Commission (FMC) in the complaint brought by US furniture maker MCS Industries, after...

Felixstowe port workers announce new strike action

Workers at the port of Felixstowe will go on another strike after the failure in negotiations between the British trade union Unite and CK...

Container spot rates on a free-slide

The Drewry’s World Container Index (WCI) slid another 5.01% to end at US$5,378.68. The fall has been so sharp, such that the Index has...

Shanghai and Ningbo ports brace for typhoon Muifa

Chinese authorities have begun taking precautions with yet another typhoon approaching the Yangtze River Delta. Barely a week after super typhoon Hinnamnor brushed past Shanghai,...

Ukraine war drives port of Constanta rapid container growth

Port of Constanta in Romania, which is located at the crossroads of the trade routes linking markets of the landlocked countries of Eastern Europe...

Seafarers rescued from burning boxship off Xiamen

Nineteen seafarers on a Chinese domestic container ship, Zhong Zhou Chang Hong, were rescued by local search and rescue personnel, after a fire broke...

British trade union confirms two-week strike action at Port of Liverpool container division

British trade union Unite has confirmed that more than 560 port operatives and maintenance engineers will take strike action from 06:00 (local time) Monday...

Rodolphe Saadé expects shipping demand downturn, while CMA CGM reports another profit jump

French container carrier CMA CGM has announced huge year-on-year increases in its financial figures for the second quarter of the year, reporting a net...

Chinese ports drilled into closed-loop mode amid new Covid outbreaks 

Having experienced on-off lockdowns since the Covid-19 pandemic started in 2020, major container ports in China are now ever-ready to impose closed-loop operations as...

Three dead in container explosion in Italy

A container on the working deck of the offshore supply ship ASSO exploded on the evening of 31 August, killing three crew members and...

Oil tanker blocked Suez Canal for more than five hours

The Suez Canal again on global media headlines with over five hours remained blocked as the oil tanker Affinity V ran aground while crossing...

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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