News
HMM to charter pair of 7,700 teu dual-fuel newbuildings from 2024
South Korean flagship carrier HMM is to charter two 7,700 teu containerships reportedly ordered from HJ Shipbuilding & Construction by Navios Maritime Partners ....
Shock for carriers as spot rates fall below long-term contract prices
Spot container freight rates on the main east-west deepsea headhaul trades continued to edge downwards this week, amid a softening of demand as western consumers gra...
Shipping organisations set out to tackle rising number of containers lost overboard
Following a spike in containers lost at sea, the World Shipping Council (WSC), the global liner association, has initiated a study to see how this scourge can be pre...
Port of Long Beach Reports Second-Busiest Month Ahead of Summertime Cargo Surge
The Port of Long Beach has reported its second busiest month on record in May as it looks ahead to a summer cargo surge that could follow China’s reopenin...
Shanghai port congestion nearly back to normal levels
As Shanghai springs back to life after two months of lockdown, congestion at the port is almost back to normal, according to data from VesselsValue. At the height...
Shippers fear higher freight costs due to carbon tax
Fear prevails in the Global Shippers Forum (GSF), the global business organisation which represents cargo owners exporting and importing to international supply chai...
CMA CGM Takes Delivery of Two Boeing Cargo Planes
CMA CGM has taken delivery of two Boeing cargo planes as the shipping giant looks to expand its end-to-end services beyond ocean freight. The two Boeing 777 aircr...
Northern European container ports are on the edge of capacity
"The Russia-Ukraine situation continues to create uncertainty for the global economy as the conflict enters its fourth month. Concerns over food and energy supp...
Maersk Supply Service AHTS to Support Ocean Plastics Cleanup Effort for Another Year
Two anchor-handling tugs belonging to Maersk Supply Service will return to the Great Pacific Garbage Patch having extended their contract with The Ocean Cleanup for...
MSC and Investors Replace Chinese to Build Panama Container Terminal
Panama announced that it has entered into a new agreement with an investment group that is partnering with an affiliate of Mediterranean Shipping Company (MSC) to co...
06 January 2025
Hurricane Beryl trims cargo volumes in Houston and New Orleans
25 January 2025
Container freight rates tumble
08 February 2025