Demand, capacity “don’t stack up” on U.S. container trades
The ongoing supply and demand imbalance is driving down container prices on U.S. trade routes, as ocean carriers deploy more ships in a soft market.Spot rates a...
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Hapag-Lloyd orders eight new dual-fuel methanol container ships
Hapag-Lloyd has signed a contract with Chinese shipyard CIMC Raffles to build eight new container ships. Each vessel will carry 4,500 TEU. Deliveries are schedu...
Maersk tabs new CFO, North American chief in global leadership shakeup
Maersk today announced a raft of changes across senior leadership as rival carriers challenge its dominance in global logistics. Maersk parent A.P. Moller-Maers...
COSCO launches Manaus-Asia Service
COSCO Specialised Carriers (South America) Co., Ltd. is now officially operating in Manaus, Brazil, connecting the region to the Asian market with containers an...
AD Ports Group signs 440,000 sqm land lease with Azizi Developments
AD Ports Group, through its subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group, has signed a second 50-year land lease agreement with Azizi Develop...
Why behind DP World’s rebranding lies an operations expansion strategy?
DP World consolidates marine services under unified banner as it deploys record capital across 15+ high-growth corridors, signaling strategic pivot from tariff-...
Belgium, LR and EXMAR advance ammonia fuel rules
Lloyd’s Register (LR), EXMAR, and the Belgian Federal Public Service (FPS) for Mobility and Transport have jointly developed interim guidelines that support t...
Drewry’s World Container Index rises 2%
Drewry’s World Container Index (WCI) increased 2% this week to $1,957 per 40ft container. This marks the second straight weekly gain. Rising spot rates on Asi...
New anti-corruption campaign rolls out across Asian and European hubs
The Maritime Anti-Corruption Network (MACN) has launched a three-year initiative aimed at tightening integrity standards across maritime supply chains in Indone...
Could MSC replicate Amazon’s competitive playbook?
The European Commission’s investigation into MSC’s Barcelona terminal acquisition has exposed a strategic pattern that mirrors one of the most disruptive bu...
NYK and MOL agree $72m payout in UK car carrier cartel case
Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle t...
Shell books Valaris drillship for 800-day Brazil campaign
New York-listed offshore driller Valaris has won a contract for one of its drillships from supermajor Shell.Valaris stated that the UK firm hired the 2015-built...