Close to 6% of the global boxship fleet is now idle, up from just under 5% a week ago, according to Alphaliner. It appears that it is mainly the carrier-controlled small and mid-sized vessels that are now unemployed. Alphaliner’s count suggests that 338 vessels totalling around 1.48 million TEUs are now inactive, as freight levels, […]

MSC Apolline The Federal Maritime Commission (FMC) of the United States has asked the largest container line in the world MSC to justify a congestion fee of US$1,000 levied against SOFi Paper Products, a US paper products firm. SOFi filed a complaint with the federal agency responsible for regulating the US international ocean transportation system […]

Ocean Network Express (ONE) has purchased GD+ fuel to cover 100% of the fuel volume required for the new intra-UK service of Freightliner from Southampton to Crewe. The first service started its journey on 17 January 2023 and after Crewe, the train was going to continue its rotation to Freightliner Coatbridge terminal in Scotland, using […]

The US Federal Maritime Commission (FMC) decided to issue a Supplemental Notice of Proposed Rulemaking (SNPRM) that addresses issues commenters raised in response to the unreasonable refusal to deal or negotiate with respect to vessel space accommodations proposed (Docket 22-24) rule issued last September. In fact, the Commission has received more than 200 charge complaints […]

Photo: Hamburg Süd Maersk has announced its intention to unify its brands by integrating Hamburg Süd and Sealand. The Danish shipping company believes that by integrating the aforementioned firms into the Maersk brand, it will be able to ease its customers’ logistical difficulties. “We realise that our current brand structure doesn’t reflect the way our […]

2M alliance will no longer exist after two years as its members, MSC and Maersk, have mutually agreed to terminate its partnership in January 2025. In a joint statement, the chief executive officers of Maersk and MSC, Vincent Clerc and Soren Toft, commented, “MSC and Maersk recognise that much has changed since the two companies […]

Hapag-Lloyd signed a binding agreement today (25 January) to acquire a 35% stake in J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate. Furthermore, the German shipping company inked a binding agreement with JMBPL and its promoters, the Kotak family, to subscribe to a capital increase by the company […]

French carrier CMA CGM has announced a new rail service solution for export cargo from Semarang and Surabaya in Indonesia to worldwide destinations via the Jakarta gateway with an intermodal transit time of one day. The company noted that the new offering, which is expected to commence in February, will provide coverage of Jababeka and […]

Source: Maritime Bulletin The 1989-built container ship Anil capsized and sank in Asaloyeh port in Iran on 24 January during cargo operations and as a result, several containers fell at sea and were afloat in the harbor. The official IRNA news agency reported the vessel overturned because boxes were configured incorrectly at the port’s dock […]

The Valencia Containerised Freight Index (VCFI) ended 2022 with a 13.10% drop in December compared to November. The Port Authority of Valencia (PAV) noted that it is the index’s fourth consecutive month of decline in a year marked by uncertainty and market ups and downs. Congestion levels have continued to fall in recent months, but […]