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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...