#Cargo Service
NYK Joins Singapore-Based Maritime Decarbonization Initiative
SINGAPORE, July 4 (Reuters) – Japan’s leading shipping company NYK has signed a 5-year contract with the Global Centre for Maritime Decarbonisation (GCMD...
CMA CGM drops Containerships brand name
CMA CGM has dropped the Containerships brand, with all of the Finish subsidiary’s services coming under the unified CMA CGM name. The French liner giant acq...
MSC is Bleeding the Charter Market Dry
The containership charter market shows no sign of softening as it goes into the usually slack summer season, despite sea freight rates coming under pressure on sever...
A2B-online books multi-fuel containerships in Turkey
European shortsea container carrier A2B-online has revealed an order at Sedef Shipyard in Turkey for the construction of two 650 teu eco-design containerships. Th...
Container Shipping Industry Faces Unprecedented Slump in Long-Term Rates
The container shipping industry experienced a significant downturn in global long-term freight rates during the month of May, as the contracted cost of shipping cont...
Yang Ming orders five 15,500 TEU LNG dual-fuel vessels
Yang Ming and Hyundai Heavy Industries (HHI) have reached a shipbuilding deal for five 15,500 TEU LNG dual-fuel container ships. These new vessels will be deliver...
Taiwan Shipping Firms Set to Hand Out Bumper Bonuses Again
Taiwanese shipping companies are handing out bumper mid-year bonuses despite a slump in global cargo as the industry continues to benefit from earlier pandemic gains...
Largest Container Ship In The World Calls On Port Of Antwerp-Bruges
The container ship MSC Loreto arrived at the port of Antwerp last night to load and unload containers at the MSC PSA European Terminal (MPET) at the Deurganckdock. I...
CMA CGM Profit Eases as Container Transport Demand Wanes
CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx of new vessels cool the contain...
Drewry’s World Container Index Drops This Week
Drewry’s composite World Container Index (WCI) decreased by 2% to US$1,685.32 per 40ft container this week. Source: Drewry World Container Index, Drewry...
Container Spot Rates Remain High Despite Weaker Supply/Demand Balance
In this week’s “Shipping Number of the Week” from BIMCO, chief shipping analyst, Niels Rasmussen, looks at the fact that despite a 70-80% fall in f...
Container Shipping Industry Faces Unprecedented Slump in Long-Term Rates
The container shipping industry experienced a significant downturn in global long-term freight rates during the month of May, as the contracted cost of shipping cont...
CMA CGM Air Cargo discontinues US service
CMA CGM Air Cargo, the fledgling freighter venture of the French shipping line by the same name, has pulled out of the U.S. market again and redeployed aircraft to A...
Yang Ming orders five 15,500 TEU LNG dual-fuel vessels
Yang Ming and Hyundai Heavy Industries (HHI) have reached a shipbuilding deal for five 15,500 TEU LNG dual-fuel container ships. These new vessels will be deliver...
Shipping line Zim gets hammered by high spot-rate exposure
Zim, the world’s 10th-largest container line operator, has sunk into the red as its boom-era contract coverage has crumbled under the weight of falling spot ra...
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