News

Shipping group Maersk sets up green methanol company

  • 24 Februari 2024

has teamed up with its majority owner to form a new company to produce "green methanol", the shipping company said on Thursday, as it held a...

World’s 1st methanol-powered containership reaches final destination

  • 22 Februari 2024

The 2,100 TEU boxship was assisted into the port of Copenhagen by Svitzer’s tugs and the container ship docked in the Toldboden area of the Cope...

Critical years ahead for container shipping

  • 20 Februari 2024

MSC and Maersk announced the break up of their alliance earlier this year, but the fall-out from that decision will not be fully realised until Januar...

Global carriers stalk loss-making intra-Asia operators

  • 17 Februari 2024

Operators in the heavily fragmented intra-Asia trades are coming under severe financial duress and could become the targets of takeovers by global lin...

MSC and ZIM sign new operational collaboration agreement

  • 15 Februari 2024

Israeli carrier ZIM has renewed ties with Mediterranean Shipping Co (MSC), the world’s largest carrier. The new operational agreement includes s...

Hapag-Lloyd chief warns of ‘rougher seas ahead’ for container shipping

  • 13 Februari 2024

Hapag-Lloyd’s chief executive warned of “rough seas ahead,” as a combination of tumbling freight rates and a slump in demand pummels...

Panama Canal water levels at historic lows, restrictions to remain

  • 10 Februari 2024

The Panama Canal's water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft w...

Ocean carriers’ record rejections last-ditch effort to bolster spot rates

  • 08 Februari 2024

Back in May, we warned that a second-half rebound in U.S. containerized import volumes was highly unlikely as it was becoming increasingly clear that ...

DP World to invest US$510 million to develop new mega box terminal in India

  • 06 Februari 2024

DP World signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-contai...

CMA CGM halts Mediterranean service as rates sink

  • 03 Februari 2024

CMA CGM’s new Asia-Mediterranean service has fallen victim to falling freight rates, after just six sailings. The French carrier has suspende...