Korean Carrier to Customers: We’re Not Sinking
By Mike Wackett (The Loadstar) – Another South Korean shipping line under financial pressure has had to write to customers to dispel market rumors of a
By Mike Wackett (The Loadstar) – Another South Korean shipping line under financial pressure has had to write to customers to dispel market rumors of a
By Gavin van Marle (The Loadstar) – 2M alliance partners Maersk Line and MSC will launch a revamped Asia-Europe and Asia-Mediterranean network in May
PARIS, March 16 (Reuters) – Container shipping group CMA CGM said it expects a rebound in the industry to continue this year on the back of brisk
CMA CGM, the world’s third largest container shipping company, reported strong operating results in 2017 helped by more than 20% growth in container
Independent containership owner and operator Season Corporation has announced its acquisition of the remaining shares Greater China Intermodal Investments,
Each year, more than 100 million containers are shipped across the globe on containerships that can now stretch the length of three soccer fields or
Customers with cargo aboard the MV Maersk Shanghai will have to wait until next week for word on when they may receive their shipments after a stack of about
by Omar Mohammed (Reuters) Djibouti’s Doraleh Container Terminal Management Company has signed a deal with Singapore-based Pacific International Lines (PIL)
A 10,000 TEU containership lost about 70 containers overboard on Saturday night while about 17 miles off Oregon Inlet, North Carolina. The U.S. Coast Guard is
By William Clowes and Michael J. Kavanagh (Bloomberg) — DP World Ltd. may develop a $1.2 billion deep-water port in the Democratic Republic of Congo,
By Gavin van Marle (The Loadstar) – As shippers and carriers on the transpacific prepare for the annual contract negotiating season – which kicks
FRANKFURT, Feb 28 (Reuters) – German container shipping firm Hapag-Lloyd on Wednesday reported its 2017 operating profit more than tripled, citing higher
By Stine Jacobsen COPENHAGEN, Feb 20 (Reuters) – Denmark’s A.P. Moller-Maersk plans to compete directly with package delivery companies UPS and
By Mike Wackett (The Loadstar) – Already facing higher fuel costs, ocean carriers could now be hit by a rise in charter hire rates. Container
By Mike Wackett (The Loadstar) – A new report estimates that over the past 21 years the container industry has “destroyed” about $110bn of
By Christian Wienberg and Alaric Nightingale (Bloomberg) — The world’s biggest container shipping line is trying to stop customers like
By Christian Wienberg (Bloomberg) — The chief executive officer of the world’s biggest shipping company says curbs on immigration backed by
By Jacob Gronholt-Pedersen COPENHAGEN, Feb 9 (Reuters) – A.P. Moller-Maersk’s move to focus on transport and jettison oil was tested on Friday as
South Korean shipbuilder Samsung Heavy Industries says it has been awarded an order to build eight New-Panamax containerships for an undisclosed Asian owner.
Dubai-based terminal operator DP World has announced a record volume of just over 70 million TEU across its global portfolio of container terminals in 2017,
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