News
Major shipping delays tie up millions in our cashflow, say Hong Kong BCOs
Shipping delays in Hong Kong are causing “big trouble” for local manufacturers, tying up millions of dollars in cashflow. According to Steve Chuang, depu...
MSC warns of international intermodal impacts on West and East coasts
Ocean carrier MSC reports that U.S. freight railroads have started to reduce import rail traffic at the ports of Los Angeles and Long Beach as well as New York as th...
Carriers need to cover soaring costs in congested Aussie/NZ trades says ANL
Port congestion, sky high charters and booming import demand means little prospect of freight rate respite for shippers in Australia and New Zealand. According to Sh...
Container Ships In High Demand as Rates Skyrocket
The container ship segment has exploded over the past couple of months and along with it, so has demand for container carriers. According to Intermodal’s lates...
Full steam ahead: Why container ships are racing across the Pacific
There are almost no container ships in the world left for liners to charter. Secondhand purchase prices are through the roof. It takes two years or more to get a new...
Cosco splashes $1.5bn on ten boxships at CSHI
Chinese shipping giant Cosco has entered into contracts with affiliate shipbuilder Cosco Shipping Heavy Industry Yangzhou for the construction of ten containerships....
Cyprus Maritime seals the containership deal of the year
In a year where seemingly every last transaction sets a new container shipping S&P record, Cyprus Maritime has pulled off an extraordinary coup. The Cypriot o...
Import containers to be fumigated as Australia enforces Khapra beetle rules
Regulations requiring import containers from 40 countries across Europe, Asia, the Middle East and Africa to be fumigated to prevent the migration of Khapra beetles...
Maersk persists in Iranian-owned containers ban
Maersk has announced it will continue not to accept any Iranian-owned containers on its vessels, applying potential fines and penalties in such cases, in a decision...
Ningbo Ocean Shipping joins box ship newbuild buying spree
Ningbo Ocean Shipping Company (NBOSCO) has joined its peers in the newbuilding ‘arms race’. The Ningbo Port Group subsidiary has ordered three 3,300 t...
06 January 2025
Hurricane Beryl trims cargo volumes in Houston and New Orleans
25 January 2025
Container freight rates tumble
08 February 2025