Tuesday, June 22, 2021

MPCC to Acquire Songa Container, Adding 11 Ships to Feeder Fleet

Oslo-based MPC Container Ships (MPCC) has entered into an agreement to acquire Songa Container AS and its fleet of 11 container smaller containerships for $210 million. The ships have an...

12 hours ago
Total Views: 428


Carrier Schedule Reliability ‘Through the Floor’ and There’s No Relief in Sight

By Mike Wackett (The Loadstar) – Ocean carrier vessel arrivals from Asia are being delayed by 20 days, or more, and there is no improvement in sight. Widespread port congestion, equipment shortages...

18 hours ago
Total Views: 1242

Monday, June 21, 2021
zim alibaba cooperation agreement

ZIM and Alibaba Extend Direct Sea Freight Agreement

Israeli liner shipping company ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and e-commerce giant Alibaba.com will extend their cooperation agreement for two more years. The agreement, which has been in...

June 21, 2021
Total Views: 1053

Maritime News

Container Tracking Startup Raises $240m From Softbank

In 2019 the ocean logistics unicorn Flexport secured $1 Billion in Funding Led by Japan’s SoftBank Vision Fund, now the legendary startup bank has announced a big investment in the...

June 21, 2021
Total Views: 1927

Wednesday, June 16, 2021
The motor vessel Triton becomes the largest ship to transit the Expanded Panama Canal

Longer Vessels Now Allowed to Use Expanded Panama Canal

Longer and deeper ships will now be able to use the expanded Panama Canal. After almost five years since the inauguration fo the Neopanamax locks, the Panama Canal Authority has...

June 16, 2021
Total Views: 4462

Tuesday, June 15, 2021
zim containership

Deutsche Bank Set to Reap $1 Billion on Trader’s ZIM Bet

By Irene García Pérez and Luca Casiraghi (Bloomberg) — Mark Spehn couldn’t join billionaire Idan Ofer at his seaside villa north of Tel Aviv for a June 8 party to mark...

June 15, 2021
Total Views: 2299

Monday, June 14, 2021

Out-of-Control Shipping Costs Fire Up Prices From Coffee to Toys

By Alex Longley, Catherine Bosley and Deirdre Hipwell (Bloomberg) — The skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think — from that cup...

June 14, 2021
Total Views: 12691

Friday, June 11, 2021
Container Terminal Shenzhen in Guangdong

Congestion at South China Ports Worsens on Anti-COVID-19 Measures

By Muyu Xu and Gabriel Crossley BEIJING, June 11 (Reuters) – Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19...

June 11, 2021
Total Views: 2905


Ships Skip Singapore as China Congestion Snarls Supply Chain

By Ann Koh (Bloomberg) — Delays from congestion at southern Chinese ports triggered by fresh Covid-19 outbreaks are rippling through global supply chains, threatening to inflate costs and exacerbate disruptions. A...

June 11, 2021
Total Views: 3413

Thursday, June 10, 2021
containers at port of los angeles

Port of Los Angeles Processes Record 10 Million TEUs for New Western Hemisphere Record

The Port of Los Angeles has become the first port in the Western Hemisphere to handle 10 million twenty-foot equivalent containers (TUE) over a 12-month period. The port celebrated the...

June 10, 2021
Total Views: 2713


Container Shortage Worsens as Ships Avoid Chinese Ports That Need Empties

By Mike Wackett (The Loadstar) – The availability of containers at southern Chinese ports continues to deteriorate as carriers omit calls due to a wave of Covid outbreaks in Guangzhou province. According...

June 10, 2021
Total Views: 28790

Wednesday, June 9, 2021
ever smart cargo loss

UK Marine Accident Investigation Branch: Too Early to Tell ‘Common Themes’ in North Pacific Container Losses

The U.K. Marine Accident Investigation Branch says its too early say what exactly is causing the increasing number of container loss incidents in the North Pacific Ocean or whether these...

June 9, 2021
Total Views: 5924

port of long beach

Port of Long Beach Reports Best Month on Record in May

Container volumes at Port of Long Beach broke 900,000 TEU for the first time ever in May as consumer demand continues to show no signs of letting up. Dockworkers and...

June 9, 2021
Total Views: 1451


U.S. Retail Ports Continue Record Setting Run as Supply Chains Struggle to Keep Up

The United States’ top ports for retail imports are expected to report another blockbuster month in May as consumers turn to normal shopping patterns as vaccinations rates increase, the National...

June 9, 2021
Total Views: 1367

Tuesday, June 8, 2021

South China Ports in Crisis as Congestion Spreads

By Sam Whelan (The Loadstar) – South China’s port congestion has gone from bad to worse – delays at Yantian are spilling over to nearby Shekou and Nansha. When the bottleneck began over two...

June 8, 2021
Total Views: 8604


U.S. Maritime Regulator Sees Shipping Snarls Lasting to 2022

By Brendan Murray (Bloomberg) — The top U.S. maritime regulator said stretched global supply chains pushing ocean-freight rates to record highs may stay strained into 2022, raising concerns about whether small...

June 8, 2021
Total Views: 2646

Friday, June 4, 2021

CMA CGM Reports Soaring Profit of $2.1 Billion in First Quarter

French shipping giant CMA CGM, the world’s number three ocean carrier, reported Q1 2021 net profit of $2.1 billion driven by strong demand for consumer goods which is expected to...

June 4, 2021
Total Views: 8009

container ship

‘Out of Control’ Box Ship Charter Market Continues Bull Run

By Mike Wackett (The Loadstar) – The box ship charter market is continuing its bull run, with daily hire rates in some sectors now “out of control”, according to Alphaliner. “Charter rates...

June 4, 2021
Total Views: 2982

Thursday, June 3, 2021

Major Shipping Lines Warn of Worsening Congestion at China’s Yantian Port

BEIJING, June 3 (Reuters) – Major shipping companies have warned clients of worsening congestion at Shenzen’s Yantian port in southern China following the discovery of several asymptomatic cases of COVID-19 in the...

June 3, 2021
Total Views: 3595

Tuesday, June 1, 2021
shipping containers

Delays Expected at China’s Yantian Port on Covid Outbreak

By Bloomberg News (Bloomberg) — One of the world’s busiest ports could see shipments delayed as a Covid-19 outbreak that earlier closed part of the facility spurs stricter virus-control measures. All...

June 1, 2021
Total Views: 5932