Empty containers pile up at global ports as trade slows
SHANGHAI : Empty containers are piling up at major ports around the world as slowing economies weigh on shipping demand. In the week of Feb. 5, the CAx
SHANGHAI : Empty containers are piling up at major ports around the world as slowing economies weigh on shipping demand. In the week of Feb. 5, the CAx
GENEVA : Chinese manufacturer China International Marine Containers (CIMC) has reportedly confirmed a new order from MSC for ten LNG dual-fuel container vessels with a capacity of 11,500
GENEVA : Mediterranean Shipping Company (MSC) has announced the launch of ID-based container pick-up. This decision came after a successful test phase with Van Moer Logistics and MSC
LONDON : Drewry’s composite World Container Index decreased by 2% to $1,954.64 per 40ft container this week. Our detailed assessment for Thursday, 16 February 2023 The composite index
LONDON : The Baltic Exchange’s main sea freight index edged higher on Friday but declined for the seventh straight week on lower demand for larger vessels, while the
SINGAPORE : Eastern Pacific Shipping (EPS) has successfully installed a fully integrated carbon capture solution from Value Maritime on one of its vessels. Value Maritime’s Filtree system has
HONG KONG : Orient Overseas Container Line Ltd. (“OOCL”) is delighted to introduce the first 24,188 TEU mega vessel to its fleet. The new vessel was officially named
Key financial highlights: DOHA : Milaha Maritime & Logistics’ net profit increased by QR 85 million compared to the same period in 2021, mainly due to strong container shipping
BEIJING : China COSCO Shipping Corporation Limited and COSCO Shipping Development developed the China Electric Ship Innovation Alliance which was established on 8 February. At the founding ceremony,
SINGAPORE : Ocean Network Express (‘ONE’) and Seaspan Corporation (‘Seaspan’) concluded their second joint crisis management drill on 14 February 2023. Building on lessons learned from the inaugural