Taiwanese mainline operator Evergreen Marine Corporation has paid its employees generous bonuses of up to 52 months of their salaries, prompting a strike by staff at its affiliated airline EVA Airways. Despite the correction in freight rates since mid-2022, Evergreen is set to report higher earnings for that year. Taiwanese media reported that many of […]

MSC, CMA CGM, Evergreen Marine Corporation and Zim Lines registered the largest fleet growth among liner operators in 2022, according to Alphaliner’s latest report. The four lines engaged in aggressive newbuilding orders, long-term charters and second-hand purchases to bolster their competitiveness just before the freight market began normalising in mid-2022. MSC, which overtook Maersk Line as […]

President of the United State, Joe Biden signed into law the Water Resources Development Act (WRDA) of 2022, the biennial legislation authorising federal flood control, navigation and ecosystem improvements that include the Port of Long Beach Channel Deepening Project. “We are grateful to members of the House and Senate and the Army Corps of Engineers […]

Global Ports PLP terminal Global Ports Investments PLC has announced that it had entered into binding agreements with CMA Terminals on cash free shares swap. In exchange for 25% of Multi Link Terminals Ltd Oy, Finland, Global Port will receive 25% of CD Holding Oy, Finland, and 25% of Multi Link Terminals Ltd, Ireland, which […]

Port of Oakland’s container volume dropped in November with both full imports and full exports being at lower levels compared to November 2021 and October 2022 volumes. Total loaded container volume declined 15% from November 2021, recording 131,929 loaded TEUs. November full imports of the Californian port decreased by 17.4% year on year, reaching 68,646 […]

The port authorities of Antwerp-Bruges and Rotterdam will make it mandatory to use a bunker measuring system on board bunker vessels to measure the exact amount of fuel delivered to sea-going vessels. According to the Dutch port, this follows an independent study in both Antwerp and Zeebrugge and Rotterdam, which showed regular quantity issues in the […]

CMA CGM-owned intra-Asia shortsea specialist CNC has announced the launch of the Yangon Cambodia Express (YCX) service, a direct connection between Myanmar, Cambodia, Singapore and Malaysia. The new service will begin its inaugural voyage on 3 January from Singapore with the following rotation: Singapore – Port Klang (Malaysia) – Yangon (Myanmar) – Port Klang – […]

Port of Chittagong With a significant fall of mainly the import cargo and also the outbound one, the Chittagong port is set to slip down from three million TEU club this year due to global trade disruptions linked to the war in Ukraine. This year, the prime seaport of Bangladesh will face a significant fall […]

COSCO has announced that it held a ceremony for the launch of the construction of two electric container ships with a capacity of 700 TEUs. The opening ceremony of the project for the two electric vessels managed by COSCO SHIPPING Development was successfully held at COSCO SHIPPING Heavy Industry in Yangzhou, China. The project was […]

The Port of Prince Rupert has achieved a significant milestone in its emissions reduction measures with expanded shore power capacity at DP World Prince Rupert’s Fairview Container Terminal. New electrical infrastructure was installed at the terminal’s north berth and upgrades were made to the south berth through a partnership between the Prince Rupert Port Authority […]