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Container lines see earnings plunge 90% in second quarter

After two very profitable years for the shipping lines, the market is shifting into a post-pandemic normality, as reported by Sea-Intelligence. More specifically, while the...

CMA CGM implements congestion surcharges in Turkish port

Marseille-based container line CMA CGM will apply new port congestion surcharges (PCS) in the Turkish port of Iskenderun. CMA CGM will introduce a surcharge of...

MSC revises rotations of Asia to North Europe/US services

MSC has announced the revision of the port rotation in two services from Asia to North Europe and the United States. The Swiss/Italian ocean carrier...

MSC nears a stake deal with PSA for Nhava Sheva Terminal

Mediterranean Shipping Co. (MSC Group) is reportedly moving close to striking a deal to pick up a minority stake in PSA International’s new terminal...

Evergreen temporarily loses ground in TEU rankings; ready to climb higher

Taiwanese ocean carrier Evergreen has lost the sixth spot in the global liner rankings by Singapore-headquartered Ocean Network Express (ONE), according to the latest...

Tankers collide in Suez Canal, awakening memories of Ever Given nightmare

Two tankers collided on the Suez Canal last night (22 August) blocking the canal traffic for a few hours. The Suez Canal Authority deployed tugboats...

West coast import box slide set to be arrested

US ports have seen a double-digit decline in import volumes for the tenth month in a row, but the expectations are that these monthly...

Freight rates lose gains after three weeks

Long-haul freight rates have given way to the lack of capacity discipline, as the Shanghai Containerized Freight Index (SCFI) lost ground after three weeks...

MSC to create shipping and logistics hub at Port of Neom

MSC, in collaboration with its logistics arm MEDLOG, is establishing a shipping and logistics hub incorporating vessels, container yards, warehousing and inland transportation at...

CMA CGM’s CEVA Logistics expands presence in India through acquisition deal

CMA CGM's logistics arm CEVA Logistics has signed an agreement to acquire 96% of Mumbai-based Stellar Value Chain Solutions from an affiliate of private...

Hapag-Lloyd emerges as potential HMM bidder

The emergence of Hapag-Lloyd as a contender for the acquisition of South Korean carrier HMM is not a surprise, given that the company is...

RCL enhances South East Asia – West Asia and Middle East service

Thai-based container shipping line RCL Group has announced the upgrading of a Far East to West Asia and Middle East (RGA) service. The enhanced RGA...

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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