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
PIL moves out of Singapore HQ building
SINGAPORE : In the end of an era Pacific International Lines (PIL) has shifted out of its Singapore headquarters building in the heart of the city’s central business
Bangladesh to make e-seal and lock mandatory for transit goods from India
CHITTAGONG : Bangladesh is set to make use of the electronic seal and lock mandatory for the transit and transhipment of goods from India in a bid to
MSC’s secondhand boxship buying spree passes 300 mark
GENEVA : Mediterranean Shipping Co’s (MSC) secondhand buying spree has hit the 300-vessel threshold according to analyst Alphaliner. In its weekly newsletter Alphaliner said that MSC was reported to
CSSC and CMA CGM ink record-breaking deal for 16 ultra-large boxships worth $3 bln
MARSEILLE : CMA CGM is reported to have signed the largest container shipbuilding order placed in China for a total of 16 new vessels to be built by
Sea-Intelligence reports US$15 billion drop in box lines 2022 last quarter earnings
COPENHAGEN : Even though the shipping lines recorded 2022-FY Earnings Before Interest and Taxes (EBIT) of US$138 billion, minus CMA CGM, PIL, and MSC, there were visible indications