#News Cargo
COSCO Shipping takes delivery of methanol-ready multi-purpose ship
The methanol-ready ship was built by Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard. The Green Kotka is designed to navigate polar regions efficient...
World’s 1st green methanol-powered containership docks in Egypt
Maersk also shared footage of the vessel transiting the Suez Canal, the world’s fastest maritime crossing. The 2,100 TEU feeder was built by South Korea&rsq...
Focus: Air travel boom creates crosswinds for air cargo
Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freigh...
Dubai’s DP World Flags Uncertain Trade Outlook
DUBAI, Aug 17 (Reuters) – Dubai’s state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earl...
CMA CGM, Maersk add Brazilian port to Med – East Coast South America service
Maersk and CMA CGM have decided to extend the coverage of their Bossa Nova/SIRIUS service, connecting the Mediterranean to the East Coast of South America, adding a...
Trans-Atlantic shipping suffers ‘meltdown’ as rates hit new low
The bigger they come, the harder they fall. The shipping boom in the trans-Atlantic market was one of the world’s biggest, and spot rates in this trade have no...
Shipping line Zim bets big on spot market as losses mount
More bad news from Zim, the world’s 10th-largest container line operator and a major player in the Asia-U.S. East Coast trade: After slashing its full-year gui...
DP World to boost container-handling capacity by year-end as demand rises
Global ports operator DP World plans to add about three million Twenty-Foot Equivalent Units (TEUs) of container-handling capacity by the end of the year to help mee...
Evergreen buys into Rotterdam’s Euromax terminal
Taiwanese container giant Evergreen has bought a 20% stake in Rotterdam’s Euromax terminal for EUR72.5m ($109m), with analysts at Alphaliner suggesting Hutchis...
Fire on Containership Off Malaysia
Malaysian authorities were battling a fire on the M/V KMTC Shenzhen, a containership owned by Korea Marine Transport Co., off the coast of Port Klang, Malaysia. T...
Global Airline Cargo Demand Has Dropped 3.4% Compared To Last Year
According to the International Air Transport Association (IATA), global air cargo demand has slightly slumped by 3.4%. IATA blames this on the global inflation crisi...
Panama Canal Authority announces new booking condition
Consistent with this draught, during this period, 32 vessels per day will be transiting the Canal, down from an average of 36 in normal circumstances. Neopanam...
Container ship scrapping set to ramp up next year
Ship broker Braemar confirmed today that 57 ships of 110,000 teu had been sent for demolition this year to date, compared to just four ships of 2,750 teu up to 14 Au...
Shifting trade dynamics: Is China losing advantage to ‘nearshoring’?
China, renowned as the world's manufacturing hub, has been a major exporter of various goods and services. However, recent export data from the world's secon...
DB Schenker uses dogs to sniff out prohibited air cargo shipments
DB Schenker in the UK is using free-running explosive detection dogs to find prohibited items in airfreight shipments. The dogs trained to screen cargo are from a...
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