Busan is becoming increasingly congested and the lack of storage space for export-bound containers in South Korea’s main container port has made officials create temporary storage from the hinterland of the West Container Port in Busan New Port. Outbound containers are usually moved into yards in the port to await loading. However, worsening congestion in […]

Just under US$2 billion of UK trade imports will be impacted in the run-up to Christmas if the current ports delays at Felixstowe continue into December according to an analysis by Russell Group, a risk modelling company. Clothing would be the largest commodity to be impacted by the delays, with operators said to be diverting […]

Port Everglades, the National Port Authority of Honduras and the terminal operator at Puerto Cortes, Operadora Portuaria Centroamericana (OPC), have signed a Memorandum of Understanding (MOU) as part of a joint Sister Seaports agreement. The agreement was signed on 5 October during the sixth Annual Latin America Ports Forum and aims to establish an alliance […]

COSCO Shipping Lines (COSCON) is launching Transpacific BCO Express Line this week, comprising the Prince Rupert express line (CEN-EXPRESS) and the Los Angeles express line (CEN-PLUS) Using five 4,250TEU ships, CEN-EXPRESS will move containers from Qingdao and Shanghai to Prince Rupert while CEN-PLUS, assigned six 10,000TEU vessels, will call at Tianjin, Qingdao, Shanghai and Los […]

ZIM has announced the creation of its new subsidiary, Ship4wd, a digital freight forwarding platform offering an online, simple and reliable self-service end to end shipping solution. Ship4wd will launch on 18 October 2021 and will target US & Canadian small and medium-sized businesses (SMBs) importing and exporting from China, Vietnam and Israel. ZIM said […]

After its acquisition by Maersk during the previous August, the US-based business-to-consumer (B2C) and e-commerce logistics parcel delivery company, Visible Supply Chain Management (Visible SCM) has been renamed to ‘Visible SCM – A Maersk Company’. The new name is effective from 4 October. “To further strengthen our link as part of the Maersk organisation in […]

COSCO-owned Orient Overseas Container Line (OOCL) has registered strong gains in the financial sector for the third quarter of the year. In particular, the overall average revenue per TEU marked a skyrocketing growth of 142.7% compared to the Q3 of 2020, while total revenues during the July – September period climbed at US$4.31 billion, reflecting […]

Singapore-based multi-purpose (MPP) vessel operator, AAL Shipping has been carrying many containers amid the red-hot box shipping market. It has been widely reported that MPP ships with container capacity have been utilised to carry containers as good demand has seen almost all available boxships being activated. Speaking to Container News, AAL Shipping’s head of communications, […]

South Korean liner operator SM Line has refuted market talk that it could try to acquire the Korea Development Bank’s stake in its larger compatriot rival HMM. Speculation arose after Samra Midas (SM) group boss Woo Oh-hyun, who expressed ambitions of building up the shipping business ahead of SM Line’s planned initial public offering (IPO), […]

The International Maritime Organization (IMO) has signed three partnership agreements with the Kingdom of Saudi Arabia to finance the preparation of a new global project aiming to eliminate emissions related to the shipping industry, as well as existing projects focused on biofouling and marine plastic litter. “Lowering emissions, reducing marine litter and tackling invasive aquatic […]