A post-panamax ship operated by Maersk Line, the 7,849 TEU GSL Eleni, has been docked at Ogden Point, Canada, after losing its steering functions over the New Year weekend. The incident occurred nearly a year after an SM Line-operated ship, SM Busan, had to be docked at the same place on 2 January 2022, after […]

Four of five seafarers on a general cargo ship carrying containers are feared dead after going missing when the vessel sank on 3 January. In the early morning local time on 3 January, the Mongolian-flagged 2001-built 890 dwt Long Shun, sailing around Matsu Islands in Lienchiang County, sent a distress signal, indicating that it was […]

A container vessel lost stability while unloading cargo at India’s Mundra Port over the weekend, briefly disrupting normal operations. The Panama-flagged, 1999-built  arrived at Mundra International Container Terminal (MICT) from Jebel Ali on 7 January. MICT is operated by DP World under a concession arrangement with the Mundra port owner Adani Group (APSEZ). As a […]

Port of Shanghai An unusual drop in prices was observed in Chinese container exports, according to chief shipping analyst at BIMCO, Niels Rasmussen, who noted that box rates, which normally enjoy a spike in the weeks leading up to Chinese New Year (CNY), seem to be on a free fall this year. In fact, spot […]

During the first eleven months of 2022, 216,965 containers have been moved by rail at the port of Valencia, representing a 10.24% increase compared with the same period in the previous year. In fact, between January and November of 2022, more than 4,200 trains have passed through the Spanish port, which is translated to a […]

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 […]