In the first quarter of 2024, the total revenues of Orient Overseas Container Line (OOCL) decreased by 9% year-over-year to US$2 billion. At the same time, the carrier’s total liftings increased by 3.4% to 1.8 million TEUs, with the loadable capacity also showing a growth of 2.2%. Additionally. the overall load factor experienced a 0.9% […]

Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung H.I. for Seaspan. ZIM has chartered these 10 boxships for 12 years increasing its total operated capacity to 714,800 TEUs, lifting the Haifa-based box line over […]

HMM Oslo South Korean ocean carrier HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on supply cooperation of Clean Marine fuel. This agreement will focus on bunkering methanol and LNG at Shanghai Port in China, while it also covers supporting carbon reduction goals, promoting global shipping new energy cooperation, […]

Recent service networks released by the container shipping alliances reveal a noticeable trend: Major shipping companies are rapidly scaling back their presence in Hong Kong along East-West shipping routes. Gemini’s latest network overview reveals no scheduled direct deep-sea calls to Hong Kong. Likewise, the Ocean Alliance’s 2024 network update shows a significant reduction in direct […]

Wan Hai container ship Wan Hai Lines is issuing US$320 million of bonds to improve its financial structure, after the Taiwanese liner operator sank into the red. Wan Hai incurred a net loss of US$188.5 million in 2023, which deteriorated from a net profit of US$3.04 billion in 2022, ending 13 straight profitable years. The […]

Starting 31 March 2024, import containers arriving at the port of Rotterdam from Latin America will exclusively be released through the Secure Chain, ensuring both security and reliability. This new operational approach establishes a closed logistics system involving only recognized and authorized parties. The implementation of the Secure Chain is one aspect of a collaborative […]

Two people were killed and three others missing after a boxship hit a bridge in Guangzhou in the southern Chinese province of Guangdong this morning (22 February). Around 5.30 am, Liang Hui 688, a 2016-built 5,000 gt domestic Chinese container ship, reportedly hit the Lixinsha Bridge in Guangzhou’s Nansha district, causing the bridge to collapse […]

Maersk said that its Air Freight solutions can now be easily booked on its website for 70,000 airport pairs across over 90 countries with instant pricing and an option to combine them with value-added services. The Danish company has launched a fully digital solution for customers willing to purchase air freight solutions. The new online […]

Marseille-headquartered box line CMA CGM will implement a contingency charge from 1 March due to the additional expenses caused by rerouting services via the Cape of Good Hope to bypass the Red Sea passage. The French ocean carrier will apply a charge of US$1,550/container from Papua New Guinea to North Europe, Scandinavia, Poland, Baltic, East […]

Wan Hai container ship Taiwan’s ocean carrier Wan Hai Lines has announced the revamp of its Asia-Pacific Service (AP1), to enhance its current network on the United States West Coast. Wan Hai’s AP1 service will replace the existing AA3 service and will be jointly operated with Ocean Network Express (ONE). Wan Hai Lines will deploy […]