#International Shipping
Zim downsizing its container ship fleet as demand disappoints
Israel-based ocean carrier Zim (NYSE: ZIM) is cutting its exposure to the freight market by offloading multiple leased vessels. News of its divestment strategy was f...
Container shipping giant CMA CGM still earning over billion a quarter
The bad news for France’s CMA CGM, the world’s third-largest ocean carrier: Profits continue to slide. The good news: The company is still raking in over...
CMA CGM Sets Course to Overtake Maersk in Shipping Line Rankings
With its huge orderbook of 122 ships, for a capacity of 1.24m teu, CMA CGM is on course to overtake Maersk as the second-biggest container line in the world. And,...
Six hundred shipping containers reported lost overboard after container ship sinks
Around 600 containers are reported lost from a feeder container ship that sank at the port of Kaohsiung in Taiwan. As earlier reported by TradeWinds, the Palau-re...
Trans-Pacific shipping rates rise as carriers make capacity cuts
Shipping lines finally seem to be making some headway in managing vessel capacity in the Asia-U.S. trades. Spot rates have been on the rise for three straight wee...
Railway container shipments plummet due to B.C. port strike that's poised to end
MONTREAL — Railways suffered a sharp drop-off in container shipments this month as the strike by B.C. port workers — now poised to end after a tentative...
House passes defense bill with ban on Chinese shipping platform
The U.S. House of Representatives approved a defense spending bill on Friday that included a provision limiting China’s ability to monitor the flow of ocean co...
Secondhand boxship prices plunge
Secondhand boxship prices have dropped between 50% and 75% compared to a year ago, with Alphaliner predicting values could diminish further in the coming months....
Largest container ship on the planet, 'OOCL Piraeus', arrives at Perama
"We are proud that one of the largest container transport ships in the world carries the name of the largest Greek port, Piraeus, and will carry its glorious na...
Maersk takes delivery of first methanol-fuelled boxship
Maersk has signed and taken delivery of the world’s first methanol-fuelled container vessel, built at Hyundai Mipo Dockyard in South Korea. The vessel is no...
Smart container fleet expected to grow six-fold over the next five years
The global telematics enabled container equipment fleet is forecast to grow six-fold over the next five years and account for 30% of global box inventories by 2027,...
ZIM and THE Alliance cut Transpacific capacity
ZIM Line and THE Alliance have withdrawn one Asia-US West Coast service each, helping to stabilise Transpacific rates when the Shanghai Containerised Freight Index (...
Evergreen splashes out billions on 24 methanol dual-fuel newbuilds
Another one of the world’s top 10 carriers has joined the rush for methanol-powered ships. Evergreen has firmed up a much-awaited order for 24 methanol dual...
Container Throughput Index marks slight increase in May
Container Throughput Index of the RWI-Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL) reached 123.4 points in May...
The case for offshore container ports
Container ports have evolved significantly since their inception in the 1950s. These ports, where ships dock in protected coastal waters and cargo is unloaded using...
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