Yang Ming Marine Transport has issued a statement to refute media speculation that the departure of two independent directors on 2 September was due to slow and inefficient decision-making that caused the Taiwanese liner operator to miss out on opportunities to expand its fleet when freight rates were at all-time highs in the past year. […]

APM Terminals Mumbai in India The government of India has announced a liberalised public land leasing policy for investors seeking to bid on rail-linked freight terminal projects. The policy update is part of New Delhi’s flagship “Gati Shakti” scheme, designed to provide multimodal connectivity infrastructure support to various economic zones. Under this programme, launched in […]

Port of Shanghai / Source: SIPG Shanghai Port Northeast Asia Empty Container Transportation Center has officially started operations at the port of Shanghai, the busiest container port in the world. The new container facility covers an area of 450,000m² and has an annual handling box capacity of 3 million TEU. “The new center will help […]

A.P. Moller – Maersk opens the doors to a new warehouse in Bhiwandi, on the outskirts of Mumbai. Maersk India has inaugurated its brand-new warehouse in Bhiwandi, on the outskirts of Mumbai. With the expansion of warehousing & distribution (W&D) facilities, Maersk aims to strengthen its position by providing a wider range of services through […]

Seven containers were badly damaged after falling to the ground as the boxes were being unloaded from a ship in Taiwan’s Taipei port. In the incident around 4 pm local time on 27 August, the 12,000 TEU Ever Forever, operated by Evergreen Marine Corporation on the Transpacific lane, had arrived from Oakland, US. The ship […]

Taiwanese liner operator Yang Ming Marine Transport has reached an out-of-court settlement with one shipper, but is still facing a complaint from another customer. Achim Importing Company, a home furnishings company based in New Jersey, US, had, in March 2022, complained to the US Federal Maritime Commission, accusing Yang Ming of favouring spot shippers who […]

Workers at the Port of Felixstowe, who have launched an ongoing strike over wages from 21 August, have not come to an agreement with CK Hutchison, the Hong Kong-based port owner. General secretary of the British trade union Unite, which represents the workers in the dispute, Sharon Graham pointed out that the strike could continue […]

Raising the prospect of market corrections, Mediterranean Shipping Co. (MSC) has recalled its trade advisories seeking new rate increases on India-US routes, ostensibly because of growing demand challenges. MSC had planned to apply a hefty general rate increase (GRI) of US$1,500 per container from mid-August, followed by a peak season surcharge (PSS) of US$ 1,000 per […]

OOCL Germany Orient Overseas Container Line’s (OOCL’s) net profit for the first half of 2022 doubled from the same period of 2021 to US$5.66 billion, even as the Hong Kong-based carrier moved fewer containers as the freight market corrected. During the first six months of the year, OOCL, which was acquired by COSCO in 2018, […]

Yang Ming Marine Transport will order 18,600 containers from Dong Fang International Container (Hong Kong), expecting to spend US$95 million – US$105 million on the new equipment. The Taiwanese liner operator said that it requires more containers as it continues to take delivery of newly built ships, while older boxes will have to be scrapped. […]