Market Imbalance Upsets OOCL Stability as Box Carrier Sails Into the Red
By Gavin van Marle In a sign of just how weak the container shipping market has become this year, the parent company of Hong Kong-based box carrier OOCL
gCaptain’s full coverage of the global container shipping industry.
By Gavin van Marle In a sign of just how weak the container shipping market has become this year, the parent company of Hong Kong-based box carrier OOCL
In an exchange filing today, China COSCO announced their plans to scrap 13 ships, consisting of 4 container vessels totaling 11,207 TEU and 9 bulk carriers of
Aug. 7 (Bloomberg) — Hapag-Lloyd AG cut costs amid falling fuel prices to deliver a profit in the second-quarter as Europe’s fourth-largest
The Port Of Rotterdam reports that the 102455 DWT containership Hanjin Hamburg struck a Fin whale in the Bay of Biscay on Friday. The adult female was
Container lines’ schedule reliability across the global shipping trades decreased slightly in May, according to the latest analysis from liner
Aug. 2 (Bloomberg) — German rail operator Deutsche Bahn AG started another direct train link on the China to Europe trade route, extending its reach into
While there are few signs of a peak season developing on the Asia-Europe westbound trade as overall volumes remain flat, there appears to be something of a
Shippers and forwarders in the Asia-Europe trade currently experiencing tight space constraints need to prepare themselves for further cuts in capacity in
By Yimou Lee HONG KONG, July 31 (Reuters) – China’s largest bulk shipper, China COSCO Holdings Co Ltd , may sell some of its $1.6 billion in
Europe’s busiest container terminals are seeing their margins put under pressure as they expand to cater to the world’s largest box ships at a time
2nd Officer Yaroslav Karetnikov of the Mærsk McKinney-Møller created a timelapse video of his ship’s maiden port call to Busan, South Korea. Watch it
Containership owners such as Maersk Line, CMA CGM, Seaspan, SinOceanic, Costamare, Ignazio Messina, Capital Shipmanagement, CIMC and others are all moving
In Seaspan’s latest financial earnings report, CEO Gerry Wang broke the news about having placed a $550 million order for an undisclosed number of new
July 26 (Bloomberg) — Panalpina Welttransport Holding AG, the world’s fourth-largest seafreight forwarder by revenue, reduced its growth forecast
COPENHAGEN, July 26 (Reuters) – Spot container shipping rates from Asia to Northern Europe jumped more than nine percent this week after three weeks of
Filipino container terminal operator International Container Terminal Services Inc (ICTSI) has filed for arbitration over its treatment at the hands of Batumi
UPDATE 2: 22 July Shipmanagement Company Leonhardt & Blumberg report that their container vessel MV “HANSA BRANDENBURG” is currently being
A fire believed to have originated in a container has left the Hansa Brandenburg containership burning and adrift in the Indian Ocean near the island of
By Gavin van Marle, The last remaining major South American shipping line, Chile’s CSAV, is beginning to reap the benefits of a concerted change in
With the first container terminals on Rotterdam’s newly reclaimed Maasvlakte II set to open next year, the Dutch port – Europe’s largest
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