#World Wide Shipping
Startup Australian Shipping Line Goes Bust
Just three months after its launch, Australian start-up Focus Container Line has entered administration as the post-pandemic boom in containerised shipping continues...
Forwarders locked into “sky high” rates
One air cargo stakeholder is “fearful” of the rates that freight forwarders began to pay to secure capacity during the recent period of high air cargo de...
Bad News for Ocean Carriers as Contract Rates ‘Trending Towards Spot’
Maersk said last week this year’s contract rates for its liner services were “trending towards spot rates” and, in fact, a momentum that appeared t...
Uncovering the True Cost of Ocean Freight Shipping
Did you know that 1 out of every 6 Ocean invoices is incorrect? Did you know that the Ocean invoices are overbilled or incorrectly billed by hundreds of mi...
OOCL Welcomes First of Six 24,000 TEU Megaships
Hong Kong-based container shipping line Orient Overseas Container Line (OOCL) has welcomed its first new ‘megaship’ with the naming ceremony of the OOCL...
Maersk Reports Record Results in 2022, But Dark Clouds on the Horizon are Getting Even Darker
Maersk remains steadfast on its in supply chain integration strategy as container shipping storm arrives. A.P. Moller – Maersk (Maersk) is reporting an &ldq...
‘The Party is Over’ for Container Shipping, Says Hapag-Lloyd CEO
HAMBURG, Feb 1 (Reuters) – Container freight rates will keep declining in the current realignment of shipping demand and supply, said the chief executive of Ge...
Post-Boom Hangover Leaves Carriers with Massive Container Surplus
The return to ‘supply chain normalisation’ has led to the container liner industry being hobbled by an estimated surplus of 5m teu of boxes, piled high o...
Maersk partners with Cozero to enhance emission visibility for international E-commerce
Copenhagen/Berlin – The integrated logistics company A.P. Moller – Maersk (Maersk) and the Berlin-based start-up Cozero are pleased to announce a partner...
One out, two in at MPC Container Ships
MPC Container Ships (MPCC) has sold a 20-year-old ship and bought another two vessels. MORE NEWS : ‘Massive wave’ of containership scrapping...
MSC containership grounds in Singapore Strait
The 2019-built, Liberian-registered, MSC Faith was reported to have grounded in Indonesia waters in the Singapore Strait on 31 January by consultant W K Webster....
ONE to Acquire Three U.S. West Coast Container Terminals
Japanese shipping company Ocean Network Express (ONE) has announced an agreement to acquire controlling stakes in three U.S. West Coast container terminals. MORE...
Wan Hai calls for bids to dismantle ten boxships
‘Taiwanese shipping company Wan Hai Lines has launched a tender for the demolition of ten containerships. ‘The veteran boxships have reached the en...
Shipping heavyweights hit out at BIMCO’s CII clause
Heavyweight shipowners and charterers, including Mediterranean Shipping Company (MSC), A.P. Moller – Maersk, Oldendorff Carriers, Trafigura and Vitol, have str...
CMA CGM Air Cargo leases out freighters
CMA CGM Air Cargo is leasing out four of its freighter aircraft to Qatar Cargo and DHL’s express airline, European Transport Leipzig (EAT), writes Oliver Link...
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