#shipping
New container shipping line established in Dubai
A new shipping company is starting operations and is going to enter Russia trade, according to DynaLiners report. CStar Line has been established in Dubai and will b...
MSC makes waves again with a fresh order for 10 LNG-powered newbuilds
The deal will see Zhoushan Changhong International Shipyard build ten LNG-powered behemoths each boasting a 10,300 TEU capacity, the shipyard said. These 10,000-T...
Sunken tugboat recovered from Suez Canal
The Suez Canal Authority has successfully recovered the sunken tugboat Fahd which sank following a collision with an LPG carrier. The tugboat sank in the Suez Can...
MSC, Döhle, Schoeller invest in compliance platform OceanScore
Other investors include Hamburg-based early stage venture capital investor, TecPier, and theDOCK, an Israeli venture capital firm. The participation of these top-...
Port of Savannah Container, RoRo Volumes Gain in July
The Port of Savannah saw a big jump in container volumes last month compared to June, but total throughput remained far below last year’s unusually busy July....
MSC joins SEA-LNG coalition
SC already has LNG-fuelled vessels with its first five newbuilding dual-fuel LNG-capable container vessels in operation, and two in the cruise sector, with MSC World...
MSC takes over Milan air cargo carrier
MSC has acquired the majority stake of AlisCargo Airlines, a Milan-based air freight carrier. The parties confirmed that the transaction is a first step towards t...
Maersk Warns of Slower Demand For Container Shipping
Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth...
Maersk forecasts long and deep contraction in global trade
AP Møller-Maersk has warned that a contraction in global trade will prove longer and deeper than the container shipping giant had feared, as companies cut the...
Container Lessors Benefit from Rising Demand and Slow Steaming
Container leasing companies reported a slowdown in the return of boxes by ocean carrier customers in the second quarter, and say they are optimistic of a recovery in...
Panama Canal Authority Defies Drought Challenges with Transit of Biggest Containership
In the face of severe drought conditions that have impacted Panama Canal operations, the Panama Canal Authority (ACP) has celebrated the northbound transit of the Ev...
Container ship and retail giants ‘failing to deliver on carbon cuts’ to save the planet
Analysis by US environmental campaigners has revealed that most container lines and major retailers are failing to deliver on even minimal commitments to decarbonisa...
How Shipping Lines Sustain Rates Despite Surging Capacity
Global freight rates and capacity availability are key indicators of economic activity, with sea transport accounting for around 90% of global trade....
COSCO Shipping’s electric containership hits the water
Chinese shipping company COSCO Shipping Development reached a significant milestone on July 26 with the launch of its 700 TEU electric container ship (N997) at the C...
The 'freight recession' rocks global shipping, fueling a 75% plunge in container rates
The US economy may have dodged a recession so far, but some of its sectors have been hit hard by instabilities created by the pandemic. Case in point: a downturn...
01 September 2024
Container Prices Double, Leasing Rates Triple in China
04 September 2024
Maersk sets new bar with shipping’s first climate target validation
06 September 2024
Port of Los Angeles Reports Another Busy Month for Cargo Volumes
09 Agustus 2024