ZIM reports over US$2.2 billion loss in third quarter

ZIM Sammy Ofer in Panama Canal Israeli container line ZIM has announced a net loss of US$2.27 billion in the third quarter of the year, while the company achieved a US$1.66 billion net income in the same period last year. Similarly, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of the company sank by […]

Maersk opens seven new facilities in Australia

Danish shipping company Maersk has decided to strengthen its omnichannel-fulfillment capabilities in Australia, opening seven new facilities across the country. The expansion plans coincide with Maersk’s 30th anniversary in Australia. The new facilities are part of the company’s global integrator strategy. Four sites have already opened earlier this year, while the remaining three will be […]

Container trade declines in Melbourne

The Port of Melbourne announced its total container throughput in September reached 267,392 TEUs, translating to a 6.9% decrease from the same month last year. The full container imports (excluding Bass Strait) were down in September by 7.2%, with domestic appliances, furniture, toys, and sporting items falling short of last year’s volumes. Furthermore, full container […]

ONE announces China India Pakistan service upgrade

Ocean Network Express (ONE) will upgrade its China India Pakistan (CIP) service, starting from the cycle of westbound ETA at Shanghai on 31 October. The updated service rotation of the CIP service will be Shanghai (China), Ningbo (China), Shekou (China), Singapore, Port Kelang (Malaysia), Nhava Sheva (India), Karachi (Pakistan), Mundra (India), Colombo (Sri Lanka), Port […]

ONE’s Q2 returns show volumes up but profits crash

Ocean Network Express (ONE) is set to undergo a series of cost-saving initiatives as its second-quarter returns show a 1% increase in cargo volumes yet still saw a 97% slump in its first-half revenues compared to the previous year. The Singapore-based carrier recorded first-half volumes of 5.91 million TEUs compared to 5.83 million TEUs in […]

20 containers fell from lighter barge into Canadian sea

On 27 October, 20 containers and undefined “assorted freight” fell into the sea at the Iqaluit port anchorage in Frobisher Bay, southeast Baffin Island, Canada. According to Maritime Bulletin, Sivumut, a general cargo ship, arrived in Iqaluit anchorage on 23 October from Becancour, Canada, and carried out cargo operations. Containers were dropped not from the […]

Chinese ports move over 230 million TEUs in 2023 9M

From January to September 2023, the cargo volume of Chinese ports was 12.540 billion tons, translating to a year-on-year increase of 8.5%, while the container throughput of Chinese ports was 230.7 million TEUs, representing a year-on-year growth of 5.2%. The chart below shows the cargo throughput and container throughput data of the twelve major ports […]