Panama Canal adjusts freshwater charge
EGYPT : The Panama Canal has announced that it will modify the variable component of the Fresh Water Charge (FWC) which will take effect on 1st October. As
Maersk and Hapag-Lloyd put shippers on notice ahead of European ETS surcharges
COPENHAGEN/HAMBURG : European shippers and freight forwarders are beginning to understand how new EU emissions regulations, set to come into force in January, could increase ocean freight costs.
Evergreen launches Nansha – Ho Chi Minh City Service
TAIPEI : The service is offered by Evergreen which is deploying four 1,800 teu containerships. The service features a three day transit from Nansha to Ho Chi Minh.
Shipowners donate EUR50 million to help Greek flood victims
On top of individual donations Greek shipowners are donating EUR50 million to the flood victims in central Greece Thessaly region, the country’s breadbasket. At an event organised in
MOL, PETRONAS and MISC set the stage for the Development of Liquefied CO2 Carriers
TOKYO : Mitsui O.S.K. Lines, Ltd announced that MOL has principally reached an agreement with two Malaysian companies PETRONAS CCS Ventures Sdn Bhd (PETRONAS CCS Ventures), a wholly-owned
CMA CGM’s 13K TEU LNG-powered containership hits the water
SHANGHAI : A colossal containership sporting a green livery and a prominent LNG-powered designation on its hull has hit the waters at Chinese shipbuilding major Hudong Zhonghua. The LNG
India’s Cabotage Law Reform: A Game-Changer for Container Logistics
HAMBURG : In a groundbreaking and expansive move, India’s decision to relax its Cabotage Law has created significant waves in the nation’s container logistics industry, promising to usher
ONE & COSCO to start new LUX Service connects Europe with South America
SINGAPORE : ONE (Ocean Network Express) and Cosco Shipping will start the LUX service. This route connects Europe and the Mediterranean to the east coast of South America
Tailwind Shipping Lines to strengthen its Asia-Mediterranean connection
HAMBURG : Tailwind Shipping Lines, a subsidiary of Lidl International, is adjusting the sailing schedules of its two liner services in order to meet its customers’ needs even
Trouble ahead: Container shipping rates sinking further into the red
It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates