#News Cargo
Ocean freight rates plummet from peaks across European export trades, but main plot fails to reveal full story
The cost of shipping containers out of Europe has plummeted from the peak prices of 2021 and 2022, with spot rates on the main corridors down by close to 70%. Howeve...
Container rate war ‘plain as daylight’
Container carriers are embarking on a rates war, according to one leading analyst, while other experts contacted by Splash remain circumspect to label today’s...
CMA CGM, Bolloré Logistics close to US$5.5 takeover deal
French shipping group CMA CGM has agreed to acquire 100% of Bolloré Logistics for €5 billion (around US$5.5 billion), after exclusive negotiations betwee...
Shipping stock sell-off: Shares down double digits since March
Look at virtually any stock chart in any ocean shipping sector and you’ll see a similar pattern. Sometime around late February or early March, shares hit a hig...
Global Freight Monitor: Container freight rates hit a speed bump
The Shanghai Containerised Freight Index (SCFI) turned negative following four weeks of stable or rising rates: SCFI dropped 3.6% week over week after four weeks of...
The World’s Largest Container Ship Is Bigger Than the Empire State Building
Here at Jalopnik, we love a big ship. Whether it’s a new record-breaking vessel launch or an older ship that’s jammed itself in an essential shipping rou...
Port of LA's Container Volume Drops as Labor Troubles Loom
The Port of Los Angeles is a bellwether for American trade with Asia's manufacturing hubs, and its volumes have risen and fallen dramatically since the start of...
Mighty fall: Container line profits plummet from historic peak
China’s Cosco Group — the world’s fourth-largest container line operator with an 11% market share — finally closed its books on 2022 just as...
Fourth 24,000 TEU behemoth joins MSC’s fleet
The vessel is the fourth 24K TEU ship to be delivered to the company since the beginning of this year. It follows MSC Tessa, MSC Irina, and most recently MSC Celesti...
CMA CGM dominating the container charter scene this year
While Mediterranean Shipping Co (MSC) continues to dominate the container sale and purchase scene, it is Marseille’s CMA CGM which is topping the liner charter...
Breaking records: Another 24,000+TEU sea giant handed over to MSC
The vessel bears the name MSC Celestino Maresca and it was built by Hudong Zhonghua Shipbuilding for China’s Bank of Communications Financial Leasing (BoCom) o...
Matson to Convert Third Containership to LNG Fuel
U.S.-based shipping line Matson (NYSE: MATX) will convert the main engine on its container ship, the Kaimana Hila, to a dual-fuel ME-GI engine capable of running on...
Hapag-Lloyd: Our alliance is strong and stable
In January this year, container shipping giants MSC Mediterranean Shipping Company (MSC) and Maersk A/S, an entity under A.P. Moller – Maersk, revealed that th...
COSCO and China Merchants tipped to bid for stake in Hutchison Ports
The mix of the global container terminal operators is ready for a shake-up with multiple sources, including Reuters and Bloomberg, reporting PSA International is loo...
More Bad News for Ocean Carriers as Rate Erosion Continues
Ocean carriers are writing-off the first six months of this year, banking on a restocking demand boost in H2 to meet hugely downgraded full-year profit forecasts....
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