Yang Ming is reportedly planning to join the current newbuilding “arms race”, as it seems to be involved in orders of new container ships, while the company’s last orders were back in 2018. The Taiwanese container line had not embarked, until now, on any newbuilding spree like almost all its peers, amid the unprecedented rise […]

The government of Bangladesh has formed a taskforce to take measures to immediately resolve the problems presently the shippers are facing in shipments of outbound containers from Chittagong. The taskforce was formed at a meeting held on 7 July among shipping ministry officials, shippers and other stakeholders including the Chittagong Port Authority (CPA). Representatives from […]

A fire broke out in a container within a boxship anchored in DP World’s Jebel Ali Port in Dubai yesterday, on 7 July, according to Dubai Media Office (DMO). A Dubai Civil Defense team went immediately on the fire field to put out the blaze and after 40 minutes fire was brought under control, with […]

Brunei’s main container terminal, Muara Port, has embarked on expansion works, which are expected to double the port’s annual handling capacity to 500,000TEU by 2023. The construction is expected to start in the second quarter of 2022 with completion targeted in the third quarter of 2023. “A masterplan for the port expansion is being finalised […]

Ever Given, which blocked the Suez Canal in late March, has begun its journey from the Suez Canal to the Port of Rotterdam after more than three months. Following a formal agreement between the owners and the insurers of the 20,388TEU vessel and the Suez Canal Authority, the ship has been allowed to leave the […]

The Israeli container carrier ZIM has confirmed its agreement with Canada-based vessel owner, Seaspan Corporation, for the long-term charter of ten 7,000TEU liquefied natural gas (LNG) dual-fuel container vessels. ZIM will pay approximately US$1.5 billion in total with the company’s President and CEO, Eli Glickman, stating that “Since going public, and further evidenced by this […]

A continuing crunch in the container industry due to the Covid-19 pandemic aggravated by the Suez Canal crisis and the Yantian Port congestion in South China has led to heavy congestion at Indian ports. The Federation of India’s Export Organisation (FIEO) has highlighted there is an immediate need of releasing close to 50,000 containers held […]

2M Alliance, comprised of Maersk Line and Mediterranean Shipping Company (MSC), will change the frequency of calls in Oakland for its TP8/Orient service. The TP 8/Orient service will call the Port of Oakland, US fortnightly from a weekly basis “due to the current challenging market situation impacting port activities and generating congestion across supply chains,” […]

In the face of a prolonged crisis in sending export cargoes, Bangladeshi shippers have decided to persuade larger vessel owners to operate direct service from Chittagong port to the ports in US and Europe to face the challenges. The crisis is created due to the capacity crunch of feeder vessels, and congestion at regional transhipment […]

Hapag-Lloyd has announced increased rates from the East Coast of South America to the United States, Canada, Mexico, Central America and the Caribbean. The rate increase, which will take effect on 1 August, is US$1,000 per container and will apply to all container types (standard, reefer, tanks, flat rack, and open top) and all container […]