Container Shipping

Evergreen Marine Corporation, one of the world’s largest container shipping companies, has signed a memorandum of agreement with X-Press Feeders to place

By Mike Wackett (The Loadstar) – Japanese ocean carrier Ocean Network Express (ONE) reported an operating loss of $248m for the final three months of

Houthi attacks on shipping have triggered a sharp rise in ocean freight rates, surpassing the speed of increase experienced during the initial phase of the

Hapag-Lloyd reported a significant decline in its 2023 earnings due largely to lower freight rates as global supply chains returned to normal, the company said

By Mike Wackett (The Loadstar) – Brokers are reporting more “heightened activity” in the containership charter market as ocean carriers fight to

South Korean shipping company HMM has announced the delivery of the HMM Garnet, the first in a series of twelve 13,000 TEU containerships. The ship, which is

Shipping rates are expected to continue their upward trend in early February due to the ongoing crisis in the Red Sea, according Xeneta’s freight rate

By Mike Wackett (The Loadstar) – As long as they are able to obtain premium rates, ocean carriers could decide to increase the service speed of their

By Mike Wackett (The Loadstar) – The liner industry’s new vessel-sharing alliance, the Gemini Cooperation, will buck the recent trend of direct port

The Port of Los Angeles saw a 2.5% increase in the amount of cargo processed in December, marking the fifth consecutive month of year-over-year gains. Total

Ocean Network Express (ONE), the world’s sixth-largest container carrier, has placed orders for the construction twelve 13,000 TEU methanol dual-fuel

The Federal Maritime Commission (FMC) has announced an informal public hearing focussing the impact of conditions in the Red Sea and Gulf of Aden regions on

By Jonathan Saul and Lisa Baertlein LONDON/LOS ANGELES, Jan 12 (Reuters) – Container shipping rates for key global routes have soared

The global containership fleet is set to exceed the 30-million TEU mark for the first time in history in 2024, as a wave of new containerships hit the water,

By Mike Wackett (The Loadstar) – The Red Sea crisis, driving extended voyage times around Africa, is creating simulated cargo demand and masking the

By Lucia Mutikani WASHINGTON, Jan 9 (Reuters) – The U.S. trade deficit unexpectedly narrowed in November as imports of consumer goods fell to a

U.S. container import volume was up nearly 10% in December compared to the same month last year and continued to trend higher than pre-pandemic levels through

With the holiday season over, the volume of inbound cargo at the nation’s major container ports is projected to gradually slow down in the first quarter

by John Konrad (gCaptain) Shares of the Israeli shipping company Zim plunged over 17 percent in premarket trading today following reports that their Chinese

MSC Mediterranean Shipping Company solidified its position as the world’s largest shipping line in 2023 with the addition of more than 1 million TEUs