Taiwan carrier Yang Ming rode the crest of a wave of new e-commerce business as consumers reached for e-commerce solutions to the restrictions imposed by the spread of Covid-19, boosting the line’s income as a consequence. The container shipping market’s dramatic swing into the black in the last months of 2020 boosted Yang Ming results […]

The Vietnamese government has joined its counterparts in China, Taiwan, the US and South Korea, by intervening to cool the overheated container shipping market. Vietnam’s Ministry of Industry and Trade (MOIT) has informed 12 liner operators, including Maersk Line and HMM, that they are required to report data about empty containers and shipping routes between Vietnam, Europe and […]

Ever Given’s technical manager Bernhard Schulte Shipmanagement (BSM), has confirmed that two more tugs are arriving to assist with the next attempt to re-float the stranded vessel, while also confirming that the bow thruster room and forepeak spaces, as revealed in Container News today. Smit Salvage will lead the salvage operation and they will concentrate […]

In preparation for the 76th Marine Environment Protection Committee meeting to be held in June the International Maritime Organization (IMO) has released vessel fuel consumption figures collected for 2019. Information reported to the IMO showed that 27,221 ships, of more than 5,000gt consumed 213 million tonnes of all the available marine fuels including LNG, and, […]

Maersk has announced on 24 March its participation in the methanol trade association, Methanol Institute. Source: https://www.vesselfinder.com A.P. Moller – Maersk becomes the first container shipping company to join the Methanol Institute (MI), the global trade association for the Methanol Industry, the members’ list of which includes Mitsui O.S.K. Lines, but not its container joint […]

Hapag-Lloyd has announced it plans to issue a sustainability-linked senior note. Hapag-Lloyd AG plans to issue a sustainability-linked corporate senior notes of €300 million (US$356 million), which will comply with the principles of the International Capital Market Association (ICMA). A consortium of banks has been engaged to hold meetings with potential investors in the near […]

ZIM has announced its financial results for the fourth quarter and full year 2020. Source: https://www.vesselfinder.com Zim has generated the highest net income in its 75-year history during the last year despite the outbreak of the pandemic, according to Eli Glickman, the company’s president and CEO, who stated that the all-time records and the milestones […]

DKT Allseas will operate a new service, which will link the Chinese ports of Shanghai and Ningbo with the Port of Liverpool in the United Kingdom. Source: Peel Ports DKT Allseas will launch a new service from China to Liverpool in April aiming to support customers who are facing increased ocean freight rates, as well […]

A new digital era begun at the Port of Piraeus through the first ever private mobile network delivered by Vodafone in Greece on behalf of PPA and PCT. The Port of Piraeus aims to accelerate the digitalisation of its processes and applications after its agreement with telecommunications company Vodafone for new technologies that will offer […]

CMA CGM and Hapag-Lloyd have announced new rates for a number of key trades out of Asia. CMA CGM and Hapag-Lloyd have announced new charges from Asian ports to various destinations worldwide, effective from 1 April, following similar increases in North Europe and Mediterranean prices. CMA CGM will apply an increase of US$200/20′ and US$400/40′ from […]