Global Container Market Forecaster – April 2023 : Container xChange
HAMBURG : The supply chain industryis hopeful of a better peak season this year and expects freight demand recovery in the Q2 of 2023, according to the recently
MSC announces Indian Ocean Service network for transshipment trade
GENEVA : Mediterranean Shipping Co. (MSC) has further consolidated its Indian Ocean Service network with a new regional string out of Cochin Port. The weekly routing, branded as
COSCO Shipping Development sees fluctuating box market as sales, leasing revenue down
BEIJING : COSCO Shipping Development (CSD), the holding company for Dong Fang International Container, the world’s second-largest container manufacturer, said that net profit fell 35% year-on-year to US$568.57
Ocean Network Express launches ONE Eco Calculator to measure CO2 emissions
SINGAPORE : Ocean Network Express (ONE) has launched the ONE Eco Calculator, which will measure CO2 emissions from its vessels. The tool is one of the company’s first
Milaha launches shipping service to Iraq from GCC countries
BAGHDAD : Milaha recently introduced a new direct Upper Gulf Service (UGX) to transport cargo to Umm Qasr in southern Iraq, in order to provide and transfer materials
FESCO’s fleet expanded with container ship of 704 TEU
MOSCOW : FESCO Transportation Group has expanded its fleet with container ship FESCO Anastasia. The flag of the Russian Federation was raised on the ship on 4 April
The ONE SEA Association and the European Space Agency (ESA) have signed a MOI to support the uptake
HELSINKI : ONE SEA and ESA have decided to establish a strategic collaboration to promote the development of new space-enabled services which will support the maritime sector’s transition
Hapag-Lloyd launching new Latin America service
HAMBURG : Hapag-Lloyd is launching a new service connecting ports in Peru and Chile. The WCSA Feeder 4 (WS4) service is set to commence in June and vessels
CMA CGM revises Panama Canal surcharge from Asia to American destinations
MARSEILLE : French ocean carrier CMA CGM announced a revision of the Panama Canal Surcharge, which is implemented from Northeast Asia and China to East Coast Central America &
OOCL’s Q1 revenues down 57.8%
HONG KONG : Orient Overseas International (OOIL) reports a 57.8% drop in revenues for the first quarter of 2023 as the plunge in container freight rates takes its