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Red-hot market swells COSCO’s H1 profit 21 times

Container News Team - August 31, 2021 0

COSCO Ship Holding’s 2021 first half profit rocketed 21-fold year-on-year to US$6.53 billion as the strong container shipping market propelled its earnings to new...

Services

OOCL starts multimodal China-US service

Container News Team - August 6, 2021 0

OOCL Logistics and OOCL Liner Services have announced the launch of a new multi-modal container service from China to the US East Coast, with...

FMC questions eight box carriers about surcharges

Container News Team - August 5, 2021 0

The Federal Maritime Commission (FMC) has launched an inquiry, asking eight shipping companies to provide information about the congestion and related surcharges they have...

Services

KMTC Line moves into East African market

n.savvides - May 13, 2021 0

South Korean feeder operator Korea Marine Transport Company (KMTC Line) is diversifying into the East African trades. From 3 June, KMTC Line will begin purchasing...

News

Hanoi acts to cool overheated freight market

n.savvides - March 26, 2021 0

The Vietnamese government has joined its counterparts in China, Taiwan, the US and South Korea, by intervening to cool the overheated container shipping market. Vietnam’s Ministry of Industry...

News

X-Press Feeders joins RCL and KMTC in new Straits service

n.savvides - January 15, 2021 0

Singapore-based feeder operator X-Press Feeders is improving its connections between the Straits of Singapore, Vietnam, China and South Korea in collaboration with Regional Container...

Most Visited - Newsletter

Chinese shipyards win giant container ship order

n.savvides - December 30, 2020 0

Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing)...

News

COSCO extends 74-vessel hire on bareboat terms

n.savvides - November 5, 2020 0

COSCO Shipping Lines (COSCON) is switching period charter contracts for 74 container ships in its fleet to bareboat charters. The ships, comprising 49 vessels of...

Most Visited - Newsletter

OOCL orders seven more ultra-large boxships

n.savvides - November 2, 2020 0

COSCO Shipping’s Hong Kong based subsidiary OOCL has ordered a further seven 23,000TEU container ships, following its order for five vessels in March of...

News

Far East-Australia demand pushes rates to levels not seen for a decade

n.savvides - October 15, 2020 0

Container freight rates from East Asia to Australia have reached a 10-year high, rising to over US$1,648/TEU as of 9 October 2020, according to...

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