The Port of Riga has taken the initiative as a founding member of the Association of Four Sea Ports by endorsing a collective commitment with Cartagena in Spain, Trieste and Monfalcone in Italy, and ports along the North Sea in Belgium and the Netherlands. The shared objective of this declaration is to bolster port operations […]

In the first quarter of 2024, the total revenues of Orient Overseas Container Line (OOCL) decreased by 9% year-over-year to US$2 billion. At the same time, the carrier’s total liftings increased by 3.4% to 1.8 million TEUs, with the loadable capacity also showing a growth of 2.2%. Additionally. the overall load factor experienced a 0.9% […]

Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung H.I. for Seaspan. ZIM has chartered these 10 boxships for 12 years increasing its total operated capacity to 714,800 TEUs, lifting the Haifa-based box line over […]

HMM Oslo South Korean ocean carrier HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on supply cooperation of Clean Marine fuel. This agreement will focus on bunkering methanol and LNG at Shanghai Port in China, while it also covers supporting carbon reduction goals, promoting global shipping new energy cooperation, […]

Recent service networks released by the container shipping alliances reveal a noticeable trend: Major shipping companies are rapidly scaling back their presence in Hong Kong along East-West shipping routes. Gemini’s latest network overview reveals no scheduled direct deep-sea calls to Hong Kong. Likewise, the Ocean Alliance’s 2024 network update shows a significant reduction in direct […]

Wan Hai container ship Wan Hai Lines is issuing US$320 million of bonds to improve its financial structure, after the Taiwanese liner operator sank into the red. Wan Hai incurred a net loss of US$188.5 million in 2023, which deteriorated from a net profit of US$3.04 billion in 2022, ending 13 straight profitable years. The […]

Starting 31 March 2024, import containers arriving at the port of Rotterdam from Latin America will exclusively be released through the Secure Chain, ensuring both security and reliability. This new operational approach establishes a closed logistics system involving only recognized and authorized parties. The implementation of the Secure Chain is one aspect of a collaborative […]

Two people were killed and three others missing after a boxship hit a bridge in Guangzhou in the southern Chinese province of Guangdong this morning (22 February). Around 5.30 am, Liang Hui 688, a 2016-built 5,000 gt domestic Chinese container ship, reportedly hit the Lixinsha Bridge in Guangzhou’s Nansha district, causing the bridge to collapse […]

Maersk said that its Air Freight solutions can now be easily booked on its website for 70,000 airport pairs across over 90 countries with instant pricing and an option to combine them with value-added services. The Danish company has launched a fully digital solution for customers willing to purchase air freight solutions. The new online […]