A.P. Møller – Mærsk (APMM) has revised its full-year guidance for 2021 with an underlying EBITDA now expected in the range of US$22-23 billion and underlying EBIT expected in the range of US$18-19 billion, while previous expected EBITDA and EBIT were in the range of US$18-19.5 billion and US$14-15.5 billion, respectively. “Given the persistent congestions […]

The Port of Los Angeles (POLA) has recorded a steady amount of cargo volumes during August, compared to the same month last year, driven by the continuing consumer demand in the United States. In particular, the busiest port of the US handled 954,377TEU in August, representing a slight decrease in comparison to the same month […]

US furniture manufacturer MCS Industries, which had filed a complaint to the Federal Maritime Commission (FMC) alleging that Chinese state-owned shipping group COSCO Shipping Lines and Swiss-Italian liner operator MSC breached their shipping service agreements, has settled its dispute with COSCO. The complaint was lodged on 28 July and related to the provision of Trans-Pacific […]

AP Moller – Maersk has acquired the Portuguese cloud-based start-up HUUB in order to enhance its e-commerce network and facilitate its technology capabilities. HUUB, specialised in technology solutions for business-to-consumer (B2C) warehousing for the fashion industry, constitutes the third acquisition by Maersk within e-commerce logistics for this year, following the acquisitions of Visible SCM and […]

Typhoon Chanthu, which hit east-central China on 13 September, is expected to cause further delays for ships waiting to enter the country’s two busiest container ports, with Shanghai and Ningbo having suspended operations again on 13 September. Linerlytica analyst, Tan Hua Joo told Container News that when Typhoon In-fa hit the same area on 26 […]

Mediterranean Shipping Company (MSC) has published fresh freight rate increases for sailings destined to Europe that will be effective from 16 September but not beyond 30 September. In particular, the Swiss liner operator will implement a Freight All Kinds (FAK) increase from Port Qasim in Pakistan and the Indian ports of Nhava Sheva, Chennai and […]

Hong Kong health authorities said that 16 crew members on the 1,984TEU Ever Calm tested positive after the vessel arrived in Osaka on 9 September. Prior to Osaka, the ship, which is owned by Nissen Kaiun and is on long-term charter to Evergreen, was in Hong Kong. Ever Calm has been quarantined and Evergreen’s latest […]

CMA CGM Group has decided to put any further increases in spot freight rates on hold for all services operated under its brands, CMA CGM, CNC, Containerships, Mercosul, ANL and APL. This measure is effective from 9 September 2021 and will last until 1 February 2022, according to the company’s announcement. Since the beginning of 2021, […]

The Singaporean container line, Ocean Network Express (ONE) has announced the revision of its service network from Asia to Middle East Asia. The company’s new Asia Gulf Express 4 (AG4) service, which will start on 21 September with the 21,200TEU container ship Cosco Shipping Planet, will have the following rotation: Qingdao – Shanghai – Ningbo […]

An Evergreen Marine Corporation’s ship has been quarantined outside Kaohsiung port in Taiwan since 4 September, after five of its 22 crew members tested positive for Covid-19. The sick seafarers, part of the crew on the 2,800TEU Ever Balmy, have been sent to hospital for treatment, while the remaining crew members have been quarantined on […]