Chemical blast rocks Laem Chabang port

Source: Thai PBS World An explosion rocked Laem Chabang port on 29 August, after a container in the dangerous goods section in Thailand’s main container port caught fire that morning. No one was hurt as 183 workers were evacuated, but six workers suffered breathing difficulties. Health permanent secretary Opas Karnkawinpong said that the fire broke […]

Mexico overtakes China as the biggest US trading partner

ICTSI container terminal in Mexico US Census data shows that Mexico has surpassed China as the US’ major trading partner during the course of this year. Consultant Jon Monroe attributes this shift in trade patterns to a contraction in orders for Chinese goods and the effects of reshoring and nearshoring processes that are now having […]

July container volume down in Port of Melbourne

Port of Melbourne reported total container throughput, full and empty, in July 2023 were down against July 2022. More specifically, full container imports volumes were down in July 2023 against July 2022 with domestic appliances, furniture and toys below last year’s volumes. Additionally, full container exports volumes were down against July 2022, with hay, chaff […]

Evergreen temporarily loses ground in TEU rankings; ready to climb higher

Taiwanese ocean carrier Evergreen has lost the sixth spot in the global liner rankings by Singapore-headquartered Ocean Network Express (ONE), according to the latest data (23 August) by Alphaliner. This is not expected to be a permanent change, as Evergreen’s newbuilding orderbook is significantly larger than ONE’s. The Taipei-based box carrier is looking even higher, […]

MSC nears a stake deal with PSA for Nhava Sheva Terminal

MSC Imma / Source: www.vesselfinder.com Mediterranean Shipping Co. (MSC Group) is reportedly moving close to striking a deal to pick up a minority stake in PSA International’s new terminal at India’s Nhava Sheva Port (JNPT). PSA Mumbai, also known as Bharat Mumbai Container Terminals (BMCT), began Phase I operations in February 2019, with a capacity […]

Container lines see earnings plunge 90% in second quarter

After two very profitable years for the shipping lines, the market is shifting into a post-pandemic normality, as reported by Sea-Intelligence. More specifically, while the fourth quarter of 2022 gave a first glimpse into what this might look like, the first quarter of 2023 was the first quarter where the carriers’ operating profits took a […]

Record haul of transshipped drugs seized in Taiwan’s Kaohsiung port

Photo of seized boxes of kratom / Source: Taiwan’s Ministry of Justice Investigation Bureau Taiwanese authorities have uncovered the island’s largest case of drug transshipment in containers after 180 tonnes of kratom were discovered in seven containers awaiting transshipment in Kaohsiung port. The cargoes, which arrived from Indonesia’s Tanjong Priok port, were bound for Los […]

ZIM reports Q2 net loss of more than US$210 million

ZIM Samy Ofer in Panama Canal Ocean carriers continue to return to normal financial figures this year. This “normalisation”, combined with the astronomical results of the previous year, shows some huge year-on-year declines in shipping lines’ performance so far in 2023. ZIM is not an exception reporting an 87% drop in its Q2 adjusted EBITDA […]

Blanked sailings now the norm

MSC Deila / Source: www.vesselfinder.com Blanked Asia-Europe sailings have become expected in liner operators’ routines, according to Alphaliner’s latest report today (16 August). Record newbuilding deliveries have made operators reduce sailings to manage capacity and THE Alliance has the largest percentage of skipped schedules. THE Alliance has blanked just over 10 of its sailings, translating […]