Brunei’s main container terminal, Muara Port, has embarked on expansion works, which are expected to double the port’s annual handling capacity to 500,000TEU by 2023. The construction is expected to start in the second quarter of 2022 with completion targeted in the third quarter of 2023. “A masterplan for the port expansion is being finalised […]

Ever Given, which blocked the Suez Canal in late March, has begun its journey from the Suez Canal to the Port of Rotterdam after more than three months. Following a formal agreement between the owners and the insurers of the 20,388TEU vessel and the Suez Canal Authority, the ship has been allowed to leave the […]

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 […]