Container Charter Market Goes ‘Boom to Bust’ in Just Four Months
By Mike Wackett (The Loadstar) – Ocean carriers are scrambling to cut costs as the demand for liner services continues to plummet, and the off-hiring of
By Mike Wackett (The Loadstar) – Ocean carriers are scrambling to cut costs as the demand for liner services continues to plummet, and the off-hiring of
By Gavin van Marle (The Loadstar) The Suez Canal Authority (SCA) is set to lose over $10m in revenue from container lines routing vessels via the Cape of
By Mike Wackett (The Loadstar) – The five-day May Day holiday shutdown in China is adding to capacity adjustment problems for ocean carriers.
HMM has launched its first of twelve 24,000 TEU containerships HMM Algeciras, the world’s largest containership. The ship was officially named during a
SOFIA, April 21 (Reuters) – Pirates attacked a Portugal-flagged ship and kidnapped its Bulgarian captain and seven sailors off the coast of Benin,
The Port of Virginia will close one of its terminals due to COVID-19’s impact on global trade. Starting May 4, 2020, the port’s Portsmouth Marine
By Mike Wackett (The Loadstar) – Headhaul capacity withdrawn by Asia-Europe and transpacific carriers has reached 3m teu, according to a survey by
By Mike Wackett (The Loadstar) – Idled containership capacity is expected to reach a record high of 3m teu within weeks, in the “worst capacity
A major accident was caught on camera today at the Port of Busan today when a containership struck multiple shoreside gantry cranes and another ship while
By Gavin van Marle (The Loadstar) – The container shipping industry could lose as much as $23bn this year from reduced demand in the wake of the
By Ian Putzger in Toronto (The Loadstar) – The repercussions of Covid-19 have begun to hit US imports. As retail outlets, as well as many manufacturing
A 334-meter containership has run aground on the Lower Mississippi River near Poydras, Louisiana. The U.S. Coast Guard reports that watch standers at
By Ira Breskin – The world’s container shipping industry is well-positioned to withstand the COVID-19 -induced downtown, say industry experts. Speakers
By Jen Skerritt (Bloomberg) — A shipping container shortage that’s left everything from Thai curry to Canadian peas idling in ports may be about to
By Mike Wackett – MSC is deploying the world’s biggest ships to evacuate empty containers from China to the US, as carriers on the transpacific try
The Digital Container Shipping Association (DCSA) has rolled out its cyber security guidance to prepare shipowners and vessels for the International Maritime
PARIS, March 6 (Reuters) – French shipping group CMA CGM said its operations in China were returning to normal after the coronavirus
By Gavin van Marle (The Loadstar) – Freight forwarders sending goods out of Europe to Asia face one of the tightest capacity crunches in living memory
Hong Kong-based owner and operator Seaspan has surpassed the one million TEU mark with the purchase of four modern containerships for approximately $367
A group of Asia’s top shipping lines are launching a new transatlantic service connecting the Eastern Mediterranean with ports along the U.S. East Coast.
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