CMA CGM has announced that it is raising surcharges for European and South America services as port congestion and equipment shortages continue to bite with shippers facing unprecedented levels of cost with deteriorating levels of service on a global basis according to the latest data from project44. April rollover figures from project44 revealed that CMA […]

Ocean Network Express (ONE) has announced that the 4,888TEU NYK Delphinus has experienced a fire in the engine room on 14 May, which now is under control. The vessel, serving in ONE’s Atlantic 5 (AL5) service, is now on the West Coast of the United States and was awaiting berth at the Port of Oakland, […]

Thai intra-Asia carrier Regional Container Lines’ net profit for Q1 2021 grew 240-fold to THB2.94 billion (US$94.19 million), a figure the management described as “phenomenal” as it was more than double the THB1.3 billion (US$43.42 million) net profit for 4Q 2020. Although cargo volume grew by just 6% from Q1 2020 to 517,000TEU, the shortage […]

Singapore and the Netherlands have collaborated since 2019 to explore electronic bills of lading (eBL) on the Europe-Far East trade lane where Singapore and Rotterdam are two major transhipment ports. This trial demonstrated that an eBL issued by one platform could be verified and processed by another digital trade platform, according to an announcement by […]

Wan Hai Lines announced on 14 May that it will purchase four 13,100TEU ships that Capital Maritime & Trading originally commissioned at Samsung Heavy Industries in February. In a Taiwan Stock Exchange filing, the liner operator did not refer to Capital Maritime, but said the original owners are the Marshall Islands-incorporated entities, Chania Container Carriers, […]

HMM has announced the highest operating profits in its history of US$900 million with a margin of 42%, while the South Korean container carrier has also marked an outstanding 85% revenue growth in the first quarter of 2021, reaching US$2.15 billion. It is important to note that 2021 first-quarter earnings have already surpassed the earning […]

Maersk has added 38,000m2 of warehousing space in Vietnam as company looks to develop its regional capabilities as the country undergoes a surge in both import and export volumes. Two of the three distribution centres are based in Song Than, 25km east of Ho Chi Minh City. These two facilities are 10,000m2 and 9,700m2 and […]

Maersk has announced that the poor schedule reliability and vessel delays, driven by bad weather and local congestion in US terminals, have rendered it impossible to recover its TA6 schedule. The Danish carrier has, therefore, decided to slide the following TA6 sailings: TA6 – Eastbound Week Trade Service Vessel / Voyage First Port / ETD […]

Wan Hai Lines will proceed with orders for four more 13,000TEU Neo-Panamax newbuildings and 50,000TEU in new containers, the carrier revealed on the release of its Q1 2021 results on 11 May. In March, Wan Hai disclosed plans to commission nine 13,000TEU newbuildings, and made an initial order for five vessels at Hyundai Heavy Industries. […]