News
MSC takes over Milan air cargo carrier
MSC has acquired the majority stake of AlisCargo Airlines, a Milan-based air freight carrier. The parties confirmed that the transaction is a first...
Maersk Warns of Slower Demand For Container Shipping
Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted e...
Maersk forecasts long and deep contraction in global trade
AP Møller-Maersk has warned that a contraction in global trade will prove longer and deeper than the container shipping giant had feared, as co...
Container Lessors Benefit from Rising Demand and Slow Steaming
Container leasing companies reported a slowdown in the return of boxes by ocean carrier customers in the second quarter, and say they are optimistic o...
Panama Canal Authority Defies Drought Challenges with Transit of Biggest Containership
In the face of severe drought conditions that have impacted Panama Canal operations, the Panama Canal Authority (ACP) has celebrated the northbound tr...
Container ship and retail giants ‘failing to deliver on carbon cuts’ to save the planet
Analysis by US environmental campaigners has revealed that most container lines and major retailers are failing to deliver on even minimal commitments...
How Shipping Lines Sustain Rates Despite Surging Capacity
Global freight rates and capacity availability are key indicators of economic activity, with sea transport accounting for around 90% of ...
COSCO Shipping’s electric containership hits the water
Chinese shipping company COSCO Shipping Development reached a significant milestone on July 26 with the launch of its 700 TEU electric container ship ...
The 'freight recession' rocks global shipping, fueling a 75% plunge in container rates
The US economy may have dodged a recession so far, but some of its sectors have been hit hard by instabilities created by the pandemic. Case in poi...
Zim downsizing its container ship fleet as demand disappoints
Israel-based ocean carrier Zim (NYSE: ZIM) is cutting its exposure to the freight market by offloading multiple leased vessels. News of its divestment...
11 September 2023
09 September 2023
17 September 2023