News
MSC and ZIM sign new operational collaboration agreement
Israeli carrier ZIM has renewed ties with Mediterranean Shipping Co (MSC), the world’s largest carrier. The new operational agreement includes services connect...
Hapag-Lloyd chief warns of ‘rougher seas ahead’ for container shipping
Hapag-Lloyd’s chief executive warned of “rough seas ahead,” as a combination of tumbling freight rates and a slump in demand pummels major containe...
Panama Canal water levels at historic lows, restrictions to remain
The Panama Canal's water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft will stay in pla...
Ocean carriers’ record rejections last-ditch effort to bolster spot rates
Back in May, we warned that a second-half rebound in U.S. containerized import volumes was highly unlikely as it was becoming increasingly clear that importers were...
DP World to invest US$510 million to develop new mega box terminal in India
DP World signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at...
CMA CGM halts Mediterranean service as rates sink
CMA CGM’s new Asia-Mediterranean service has fallen victim to falling freight rates, after just six sailings. The French carrier has suspended its newly lau...
Legal battle over Tanzania-Dubai port deal makes U-turn as Tanzania finally backs down
Tanzanian officials seemed to back down this week for the first time in the face of persistent resistance to the country's port management contract with an...
Study Finds GHG Emissions Increase When Asian Cargo is Diverted from U.S. West Coast Ports
A new study has found that climate warming greenhouse gas emissions increase when imported cargo from Asia is diverted away from U.S. West Coast ports to the East an...
COSCO defies market pressures with reduced expenses
COSCO Shipping Lines showed an unusually strong result in 2Q 2023, becoming the only carrier to significantly improve its finances compared to 1Q 2023, after an appa...
Poul Hestbaek leaves Hamburg Süd
The head of Hamburg Süd, Poul Hestbaek, has called time on his tenure at the Maersk company. A longtime Hamburg Süd executive announced via social media...
24 February 2024
