A dynamic start to 2024 – four heavy-lifters join the Intermarine fleet
FLORIDA : 2024 is off to a strong start for Intermarine, where the multi-purpose carrier is gearing up for a dynamic year ahead. As the foremost operator in
Maersk charters ships from ONE and Yang Ming due to “insufficient” fleet
COPENHAGEN : Maersk Line, which had not been as aggressive as its rivals in ordering newbuildings, is now finding itself short of Neo-Panamax ships as more vessels are rerouted
Record deliveries could push container fleet above 30 million TEU in 2024
LONDON : “In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU
ZIM to deploy tracking devices on its containers
HAIFA : ZIM Integrated Shipping Services has entered into an agreement with Hoopo Systems for the extensive deployment of advanced tracking devices across its dry container fleet. According
ZIM adds Cai Mep Port call to Asia-East Med service rotation
HAIFA : On 8 January 2023, ZIM Integrated Shipping Services unveiled an enhancement to its ZMP Service, a pivotal route linking Asia with East Mediterranean. The latest development
OOCL revenues plunge in 2023, amid solid container growth
HONG KONG : COSCO-owned Orient Overseas Container Line (OOCL) has seen a huge 49% decrease in its fourth quarter revenues, compared to 2022 Q4, reporting US$1.62 billion. In
COSCO Shipping halts shipping to Israel : Israeli media
JERUSALEM : Chinese shipping firm COSCO has suspended shipping to Israel, Israeli financial news website Globes reported on Sunday. The report, which did not include details behind the
India-US shippers hit by three rounds of hefty rate hikes in January
MUMBAI : Indian shippers are getting flooded with general rate increase (GRI) and peak season surcharge (PSS) notices as container lines attempt to maximise pricing out of the
How Red Sea attacks put India’s trade at risk
NEW DELHI : The Gaza war has long posed the risk of escalating into a broader crisis for the Global Economy, and recent developments in the Red Sea
Red Sea attacks leave shipping companies with difficult choices
CAIRO : The shipping companies that move goods on one of the world’s busiest trade routes for factories, stores, car dealerships and other businesses face an excruciating decision. They can