Yang Ming Marine Transport Corp. will introduce the revamped JTS service (Japan-Taiwan-South China Express Service) in March. Simultaneously, the company will collaborate with a joint venture partner to initiate the new JKX service (Japan Kansai Service). The JTS service will continue to operate independently, providing a fixed weekly service with a 28-day rotation. On the […]

Singapore-headquartered Ocean Network Express (ONE) experienced a notable decline in its revenues, earnings, and profits in the third quarter of fiscal year 2023 (October – December), in contrast to the corresponding period in the previous year. The quarter witnessed a softening of the supply and demand trend, resulting from sluggish consumption growth, reduced cargo movement […]

In a victory for container lines, the Seoul High Court on 1 February overturned a fine imposed by the Korea Fair Trade Commission (KFTC) on Evergreen Marine Corporation for freight-fixing. The Taiwanese mainline operator was one of 23 box lines that KFTC fined a total of US$81 million in January 2022, for fixing South Korea-Southeast Asia freight […]

After three years of efforts to prepare the Antwerp port for container ships with a 16-meter draft, the Belgian port is now ready to welcome the largest vessels during its regular operations. The successful completion of six test voyages, culminating in MSC Raya’s passage in the Deurganck dock on November 10, 2023, paved the way […]

The world’s first large methanol-enabled container vessel has been named “Ane Maersk” at a ceremony in the shipyard of HD Hyundai Heavy Industries (HD HHI) in Ulsan, South Korea. This vessel pays tribute to Ane Mærsk Mc-Kinney Uggla, the chair of the A.P. Moller Foundation and A.P. Moller Holding, with the naming ceremony featuring her […]

Panama Canal Panama Canal’s overall transit trends are down by 42% year-on-year in December, but container shipping is seeing a rise in transits as other vessel types divert from the waterway. In its latest report on the Panama Canal this week, Drewry Shipping Consultants reports that December 2023 transits fell by 25% to 746 transits […]

Truckparkings Rotterdam Exploitatie (TRE) and the Port of Rotterdam Authority opened the first charging station for electric trucks in the Dutch port. The new station is located at the Bodaanweg truck park in Waalhaven. TRE has worked with the Port of Rotterdam Authority to install the first five charging points in the truck park, which […]

Suez Canal Sea-Intelligence reports that the Red Sea crisis has been going on for a month now, and the current service networks are clearly in flux, with a lot of uncertainty, especially on the services going from Asia to Europe. Danish analysts noted, “Using our Trade Capacity Outlook report, we can compare the present changes […]

Port of Long Beach in California, US The conclusion of 2023 saw the Port of Long Beach (POLB) handle 8,018,668 TEUs, marking a 12.2% decrease from the previous year, but surpassing pre-pandemic levels reported in 2019. Import volumes at the Californian port declined by 12.7% to 3,804,356 TEUs, while exports experienced a 9.4% drop to […]

In an unfortunate incident on 17 January, ZIM’s office in Piraeus, Greece, fell victim to a bomb planted by pro-Palestinian activists. The explosive event occurred during the early hours of 17 January, resulting in minor structural damage to the office building of the shipping company. Fortunately, no injuries were reported as a result of the […]