#International Shipping
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...
In pictures: World's largest container ship visits Felixstowe port
A container ship said to be the largest in the world has departed the UK's busiest container port. MSC Loreto arrived at the Port of Felixstowe, in Suffolk, o...
Logistics groups seek Asian bases to help clients offshore from China
The world’s largest shipping and logistics groups are locked in an increasingly intense rush to buy facilities in Asia in a bid to help their customers expand...
Maersk's methanol ship makes maiden refuelling in Rotterdam
The port of Rotterdam has for the first time refuelled a methanol-powered container ship as the shipping industry turns to the technology to cut its emissions, metha...
Shipowners and traders clash over cost of climate regulations
The shipping industry is clashing with traders over who should pay the financial cost of new environmental regulations, as the highly polluting sector faces i...
Shareholders agitate for Hapag-Lloyd to take over HMM
State creditors in South Korea have outlined how the sales process of HMM, the nation’s flagship carrier, will proceed with a group of minority shareholders ma...
Container ships are waiting at Asian ports as retailers struggle to shift excess stock
It’s been a slow summer for shipping routes from Asia to Europe and beyond — and hopes of a traditional peak season when holiday orders are imported are...
Port of Los Angeles Recognizes Shipping Companies Efforts to Reduce Emissions by Slowing Down
The Port of Los Angeles celebrated the work of over two dozen shipping companies for taking part in the Vessel Speed Reduction Program (VSRP). The VSRP is a...
Container lines see earnings plunge 90% in second quarter
After two very profitable years for the shipping lines, the market is shifting into a post-pandemic normality, as reported by Sea-Intelligence. More specifically,...
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