The largest container alliance in the world, 2M Alliance comprising Maersk Line and MSC has announced changes in its AE7/Condor service on North Europe to Far East network. Maersk said that as a result of high yard density and exceptional waiting time for its vessels in the port of Hamburg, the import call can only […]

Taiwan’s Ministry of Transport and Communications (MOTC) will invest US$1.37 billion in a five-year plan to upgrade seven of the island’s international ports. The ministry’s Comprehensive Commercial Port Development Plan aims to boost aggregate container throughput to 18.6 million TEU and turn the ports of Kaohsiung, Taipei, Keelung, Hualien, Taichung, Anping and Su’ao into environmentally […]

Staff at Ningbo Meishan Island International Container Terminal (MSICT), which has been closed for the seventh straight day as of 17 August, told Container News that they hope the terminal can resume normal operations on 1 September. The terminal stopped operations from 3:30 am local time on 11 August, after a worker tested positive for […]

Three of the largest container shipping companies in the world, Hapag-Lloyd, MSC and CMA CGM have announced new rates from/to Europe and the Meditteranean, which will be effective from August and September. Firstly, Hapag-Lloyd will implement an ocean tariff rate increase of US$800 per 20′ and 40′ standard container, including high cubes (HC), from the […]

Mitsui OSK Lines Ltd. (MOL) and the Australian energy company Origin Energy have signed a memorandum of understanding (MoU) for a joint study to build a supply chain of renewable energy-derived green ammonia. The two partners will complete a feasibility study on marine transportation of ammonia, demand in Japan and Asia and developing a supply […]

Gone are the days when being an non-vessel operating common carrier (NVOCC) or shipper owned container (SOC) box operator you could buy containers in any region, as per the need of any particular project of specific move, from one port to another, without facing any obstacle in getting space from vessel operators, port congestions and […]

Liner operators have advised customers to expect delays following the closure of Ningbo Meishan Island International Container Terminal (MSICT) after a worker there tested positive for Covid-19. Following confirmation of the worker’s infection, MSICT suspended all operations from 3:30 am local time on 11 August. Other terminals in Ningbo, China’s second busiest container port, restricted […]

The Danish liner operator Maersk has confirmed the implementation of congestion surcharges in several ports across the world. In particular, Maersk has announced the following Congestion Fee Destination (CFD) and Congestion Fee Origin (CFO) in the ports of Rades and Tunis in Tunisia for dry and reefer containers. Furthermore, the Copenhagen-based carrier will apply a […]

The easing of Covid-19-related bottlenecks in China’s Yantian container port in June has been short-lived, as another outbreak has resulted in congestion again. This morning (11 August), Ningbo port authorities suspended operations in Ningbo Meidong Container Terminal after a worker tested positive for Covid-19. The worker, who lived in a dormitory on the premises, initially […]

Dry freight shipping container prices have skyrocketed in a year to reach record highs, but will decrease in the next years, according to Drewry’s newly released Containers Census & Leasing Annual Review and Forecast 2021/22 study. Dry box newbuild prices rebounded significantly in 2020, rising 75% year-on-year to their highest threshold since 2011 by the […]