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COSCO and Seaspan ink fixed agreements for 17 container vessels

The Canada-headquartered container vessel owner and operator, Seaspan has forward fixed contracts, extending current lease terms for 17 container ships with COSCO SHIPPING Lines. The vessels, representing approximately 117,700TEU, were previously scheduled to conclude current charters with COSCO for two vessels in 2021, 13 vessels in 2022, and two vessels in 2023, which have now […]

Global port coalition to explore solutions on industry issues

Port authorities from Africa, Asia, Europe, Middle East, and the United States have signed a declaration on their collective response to disruption, digitalisation, and decarbonisation at the 6th Port Authorities Roundtable (PAR), which virtually hosted by the Antwerp Port Authority on 22 and 23 June. With this year’s PAR theme being “Ports as Levers for […]

South Korea’s logistics industry protest price-fixing penalties

South Korea’s logistics industry stakeholders have decried the Korea Fair Trade Commission’s (KFTC) recent financial penalties on 12 country’s liner operators, describing it as “a double blow amid tight shipping capacity”. At an industry seminar organised by Korea Shipowners’ Association (KSA) on 23 June, Korea International Trade Association official Kim Byung-yoo said, “I’m concerned that […]

Successful automated truck test in Hamburg

Hamburger Hafen und Logistik AG (HHLA) and Munich-based truck manufacturer MAN Truck & Bus are working on self-driving trucks project for use in hub-to-hub container traffic. In late May, practice tests were successfully carried out for the first time with a self-driving truck in regular traffic at HHLA Container Terminal Altenwerder (CTA). The development of […]

COSCO and JinkoSolar ink cooperation deal

China’s JinkoSolar, the world’s largest manufacturer of photovoltaic solar panels, has signed a framework agreement with COSCO Shipping Lines (COSCON) for maritime cargo transportation and multimodal transport services. Amid the well-documented shortage of containers and runaway freight rates, the agreement ensures that the New York Stock Exchange-listed JinkoSolar will have access to transportation capacity at […]

Wan Hai and Taichung port to improve container yard efficiency with new reserved cargo system

The Taiwanese container carrier, Wan Hai Lines and the Port of Taichung have launched a delivery platform for reserved cargoes passing through box terminals in the Taiwanese port. The shipping company and the port expect the platform to improve the efficiency of container yard operations and avoid peak-period traffic congestion. A dedicated lane has been set […]

SCA, Ever Given owners and insurers come to a deal in principle

An agreement in principle has been reached among the Suez Canal Authority (SCA), the owners of the 20,388TEU Ever Given, which blocked the Suez Canal in March, and the vessel insurers. “Following extensive discussions with the Suez Canal Authority’s negotiating committee over the past few weeks, an agreement in principle between the parties has been […]

ONE partners with Rutgers Business School

Ocean Network Express (ONE) has entered into a partnership with Rutgers Business School (RBS) in June 2021 to gain direct outreach to RBS’ academic resources while striving to reduce its carbon footprint. The Singaporean shipping company will present business project opportunities to RBS students. These projects will allow Rutgers students to examine trends in maritime decarbonisation […]