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COSCO signs Tianjin Container Terminal acquisition deal

COSCO SHIPPING Ports (Tianjin) and China Shipping Terminal Development Co. (CSTD) have signed the Tianjin Container Terminal (TCT) joint venture agreement and the articles...

CMA CGM reschedules services to avoid congestion

CMA CGM has published the revision of a couple of its services with port call removals, as an effort to confront the global port...

CMA CGM achieves massive US$5.6 billion profits

CMA CGM Group has reported an astonishing surge in its profits during the third quarter of the year, reporting US$5.6 billion, while last year...

Top 10: Ship owning nations in the world

November 2021 total fleet values in the following Top 10 Ship Owning Nations list include the following vessel types: Bulker, Tanker, Container, Reefer, Small...

Zinus agrees with Maersk for fixed-rate stable container supply in 2022

The world's largest container line Maersk will provide Zinus with a stable supply of containers at a fixed price in the next year, allowing...

Ever Given resumes service after 40-day facelift

Ever Given, which ran aground in the Suez Canal on 23 March, completed 40-day maintenance and repair in Qingdao Beihai Shipbuilding Heavy Industry on...

Rate reduction could take 18-30 months, reports Sea-Intelligence

The Danish provider of research & analysis, data and advisory services within the global supply chain industry, Sea-Intelligence has analysed the composite China Containerized...

World’s largest LNG tank container ship launched

Tiger Gas (Shanghai), part of Hong Kong shipping investor Graham Porter's portfolio, has launched the world's largest LNG tank container ship. The ship, Tiger Maanshan,...

MSC container vessel troubled in South African waters

Maltese flagged MSC Trieste had been adrift since the morning of 10 November. The incident came to light in waters west of Port Elizabeth,...

Hapag-Lloyd’s profit skyrockets to US$6.7 billion

Hapag-Lloyd has concluded the first nine months of 2021 with an EBITDA of US$8.2 billion, while the EBIT was also much higher than in...

Maersk and Vestas sign mega container cargo deal

A.P. Moller - Maersk has entered into a long-term strategic partnership with the energy solutions provider Vestas for all containerised transport. According to the agreement...

Transpacific box rates have fallen 50% since September

Shippers' relief from the drop in the China-US spot rate market during the first week of October seems to be continuing into November, according to...

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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