Wan Hai consolidates US West Coast services, denies eyeing Mediterranean route

Wan Hai Lines has confirmed that in response to falling cargo volumes, it has consolidated its four Asia-US West Coast into two services after replacing chartered vessels with newly delivered larger newbuildings. Initially, the Taiwanese carrier had two Asia-US West Coast services, AA1 (Shanghai-Qingdao-Auckland-Shanghai), AA2 (Shekou-Kaohsiung-Ningbo-Auckland-Seattle-Shekou), AA3 (Hai Phong-Ho Chi Minh-Hong Kong-Shekou-Xiamen-Kaohsiung-Long Beach-Shekou) and AA5 […]

CMA CGM revises peak season surcharge from Europe to North America

Marseille-headquartered container line CMA CGM has announced the revision of its peak season surcharge (PSS) from Europe to US Gulf, US East Coast and Canada East Coast. The new surcharge from North Europe, Scandinavia, Poland and Baltic to US East Coast will be effective from 20 December (US gate in date) until further notice and […]

Reefer market soars in 2022, challenges expected in next year

According to Dynamar analysis, container carriers and conventional reefer operators “hit the jackpot” in 2022, after struggling for many years and after a relatively prosperous 2021. With the container shipping sector in full swing and much capacity absorbed by congestion, boxships could not provide enough space to carry all the cargoes they were offered. Dynamar […]

Euroseas joins boxship scrapping trend

Akinada Bridge Greek tonnage provider Euroseas has sold a 2001-built Panamax container ship for recycling, joining Evergreen Marine Corporation and Shreyas Shipping & Logistics, which offloaded ships for demolition earlier this month. Singapore-based Star Asia Shipbroking said in its latest report that the Aristides Pittas-led Euroseas had sold the 5,610 TEU Akinada Bridge for a firm US$14.25 […]

CMA CGM nears US$20 billion in third-quarter revenue, reduces net debt

The board of directors of the CMA CGM Group met under the chairmanship of Rodolphe Saadé, the company’s chairman and chief executive officer, in order to review the financial statements for the third quarter of 2022. According to the group’s statement, CMA CGM showed very strong financial results despite inflation, slowing consumer spending and economic […]