News
Yang Ming Records US$2 billion in annual net profit
Taiwan's major ocean carrier Yang Ming Ming reported consolidated revenues of US$6.94 billion and a net profit after tax of US$2 billion, resulting in earnings p...
Drewry suggests new normal for higher global container rates
While ocean container rates have significantly retreated from pandemic highs, they still exceed pre-pandemic levels, an industry analyst finds, indicating what is li...
MSC shortens instra-Far East service
Swiss/Italian ocean carrier MSC has decided to drop Tanjung Pelepas, Subic Bay, Manila and Shanghai from its intra-Far East Origami service, according to DynaLiners....
MSC announces changes in Far East service
According to DynaLiners report, the world's largest container carrier MSC has realigned its intra-Far East Pertiwi service, replacing the port of Tanjung Pelepas...
CMA CGM introduces new service connecting Far East with South America East Coast
CMA CGM announced the launch of its new SEAS 3 service (Asia to South America East Coast 3), designed to optimize shipments from the Far East to the East Coast of So...
CMA CGM signs for electric boxship
French liner operator CMA CGM has contracted inland vessels specialist Shandong Xinneng Shipbuilding to build its fully electric containership. The deal with an u...
After buoyant year, CMA CGM sees ‘unprecedented uncertainty’ in 2025
Red Sea diversions and tariff fears boosted container carrier CMA CGM results in 2024, but the company sees a less clear outlook this year. The world’s thir...
MSC joins CMA CGM in Moroccan terminal venture
Mediterranean Shipping Co (MSC) has joined rival CMA CGM in investing in a new terminal at one of Africa’s fastest-growing container destinations, Morocco.&nbs...
Suez Canal Chief Says Red Sea Crisis Did Not Create Sustainable Route to Replace Canal
Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal, adding that there were p...
While supply chain frets, Port of Los Angeles sees record January volume
Uncertainty may be sweeping the global supply chain, but it continues to power record container volumes for U.S. maritime gateways. The Port of Los Angeles report...
