The Israeli container carrier ZIM has confirmed its agreement with Canada-based vessel owner, Seaspan Corporation, for the long-term charter of ten 7,000TEU liquefied natural gas (LNG) dual-fuel container vessels. ZIM will pay approximately US$1.5 billion in total with the company’s President and CEO, Eli Glickman, stating that “Since going public, and further evidenced by this […]

A continuing crunch in the container industry due to the Covid-19 pandemic aggravated by the Suez Canal crisis and the Yantian Port congestion in South China has led to heavy congestion at Indian ports. The Federation of India’s Export Organisation (FIEO) has highlighted there is an immediate need of releasing close to 50,000 containers held […]

2M Alliance, comprised of Maersk Line and Mediterranean Shipping Company (MSC), will change the frequency of calls in Oakland for its TP8/Orient service. The TP 8/Orient service will call the Port of Oakland, US fortnightly from a weekly basis “due to the current challenging market situation impacting port activities and generating congestion across supply chains,” […]

In the face of a prolonged crisis in sending export cargoes, Bangladeshi shippers have decided to persuade larger vessel owners to operate direct service from Chittagong port to the ports in US and Europe to face the challenges. The crisis is created due to the capacity crunch of feeder vessels, and congestion at regional transhipment […]

Hapag-Lloyd has announced increased rates from the East Coast of South America to the United States, Canada, Mexico, Central America and the Caribbean. The rate increase, which will take effect on 1 August, is US$1,000 per container and will apply to all container types (standard, reefer, tanks, flat rack, and open top) and all container […]

The Chinese shipping line, China United Lines (CULines) has increased the supply of shipping space on several services in July to face the increased global container demand. CULines will upgrade its Asia Europes Express (AEX) service in July, which, according to the company, has been widely praised by the market after it was recently upgraded […]

CMA CGM Group has announced the acquisition of Continental Rail, a private rail operator in Spain, for €25 million (US$29.5 million). The share purchase agreement was signed on 30 June and the transaction is expected to be closed early in the third quarter of the year. Continental Rail was established in May 2000 in Madrid […]

Hapag-Lloyd will apply a General Rate Increase (GRI) of US$1,000/container from the United States (US) and Canada West Coast to Arabian Gulf, Red Sea, and Indian Subcontinent, effective from 1 August. In particular, the GRI will apply for all container types for all dry, reefer, non-operating reefer tank, flat rack and open-top containers from the […]

Wan Hai Lines has confirmed an order of twelve 3,055TEU container vessels with Nihon Shipyard, which is a joint venture between Imabari and Japan Marine United. The contract was signed on 28 June 2021 and the new vessels will start taking delivery at the end of July of 2023. The Taiwanese container line, which currently […]

FIATA International Federation of Freight Forwarders Associations and the International Cargo Handling Coordination Association (ICHCA) have renewed their Memorandum of Understanding (MoU). The agreement facilitates close coordination between the two organisations to help them pursue their respective organizational goals and further mutual understanding, according to a statement. Additionally, the MoU is expected to create the […]