Containers
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Yang Ming chairman Bronson Hsieh retires
Taiwanese shipping line Yang Ming Marine Transport has appointed Cheng Cheng-mount as its new chairman, replacing Bronson Hsieh who has…
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MSC Ravenna crewmember in LA court over fatal stabbing
A crewmember onboard the 14,000 teu containership could face the death penalty in the US, having been arrested and charged…
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Indian Coast Guard tackles boxship fire
The Indian Coast Guard spent the best part of 16 hours dousing a blaze from a containership, the latest in…
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CMA CGM confirms cyber attack
CMA CGM has confirmed it has become the latest liner to suffer a cyber attack today. The company stated today…
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CMA CGM cites ‘internal IT infrastructure issue’ as sites go down
CMA CGM has become the latest global carrier to be hit hard by IT issues with clients waking up this…
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NYK seals landmark shipbuilding contract guaranteeing propulsion in actual sea conditions
Nippon Yusen Kaisha (NYK) has signed an agreement with major shipbuilder Japan Marine United Corporation (JMU) to introduce a new…
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Zhonggu Logistics commences IPO on Shanghai Stock Exchange
Chinese domestic container operator Zhonggu Logistics has commenced an initial public offering (IPO) on the Shanghai Stock Exchange today. The…
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CMA CGM buys into French airline
Marseille-headquartered CMA CGM continues to diversify from its liner origins under the leadership of Rodolphe Saade. The company revealed yesterday…
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Maersk opens up box link between Israel and the UAE
Maersk, the world’s largest containerline, is to ship boxes between Israel and the United Arab Emirates (UAE) as ties between…
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Weekly Broker: Bargains to be had
Capes are seemingly poised for liftoff judging by the FFA markets this week while tanker prices have dropped to bargain…
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ZIM enters the Australian trades
Israeli carrier ZIM is entering the Asia – Australia trades. The China Australia Express will launch in the middle of…
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HMM shows off its new fleet control centre
South Korean flagship carrier HMM has unveiled its new Fleet Control Centre at the company’s R&D hub in Busan. The…
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PIL slides out of the top 10 liner list
Embattled Pacific International Lines (PIL) of Singapore has slid out of the top 10 global liner rankings with further sales…
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Euroseas scraps old boxship, seals pair of charter extensions
Greek containership owner Euroseas has announced the sale of one of its vessels as well as a pair of charter…
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How carriers won the rates war
Dr Raymon Krishnan, president of the Logistics & Supply Chain Management Society, on the current container bull-run. Oceanfreight rates from…
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China Merchants and AVIC Trust join Antong restructuring
Financially troubled Chinese domestic container shipping major Antong Holdings has announced that Fujian Zhaohang Logistics Management has submit an application…
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All alliances reinstate transpacific capacity
All three east-west alliances have now committed to reinstate blanked sailings in October on the booming transpacific tradelane. Maersk, part…
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Orderbook to fleet ratio now at its lowest point since the fall of the Berlin Wall
The global orderbook for all sectors as a percentage of the fleet ratio is now at its lowest point since…
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Maersk cancels all blanked sailings on the transpacific
Citing the strong import volumes seen in North America seen over the past 60 days, which it anticipates to carry…
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Container rate contagion spreads to Latin America
The latest spot rates published by the Shanghai Containerised Freight Index (SCFI) today show prices inching upwards on the main…
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