Zim container ship burns off coast of Canada
No injuries reported in blaze on MV Zim Kingston; 10 containers on board vessel charted by Israeli shipping giant said to catch fire; 40 others units topple into
Looming Christmas crisis due to ongoing congestion chaos
Global supply chain issues are threatening Christmas deliveries to retailers, as we’ve seen sustained port congestion in the US, and now parts of the UK. It continues to
Samsung Heavy bags order for LNG carrier quartet
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured a contract for the construction of four liquefied natural gas (LNG) carriers The order has been placed by an undisclosed
MSC increases freight rates from Africa to Europe
GENEVA : Mediterranean Shipping Company (MSC) has published new Freight All Kinds (FAK) increases for cargoes travelling from Africa to Europe. The updated prices will be effective from
Future Proof Shipping to retrofit two more vessels to run on hydrogen
Dutch marine transportation service provider Future Proof Shipping has recently acquired two more container vessels to retrofit them with zero-emissions hydrogen propulsion system. So FPS Rijn and FPS Waal will join FPS Maas on the same journey
2M Alliance reschedules European services due to congestion issues
The largest container alliance in the world, 2M Alliance has decided to change the rotation of several services in Europe, due to port congestions and supply chain issues.
ZIM announces acquisitions of seven secondhand vessels during October 2021
HAIFA : ZIM Integrated Shipping Services Ltd. , announced that during the month of October 2021, it purchased seven secondhand vessels (built between 2007-2009) in a number of separate transactions.
HMM to launch new Far East Asia- Latin America Service (FIL)
SEOUL : HMM announced that it will launch a new service connecting Far East Asia and Latin America to deliver a more comprehensive service. The new service is
The next inflation risk? Chinese suppliers to the U.S., booked for months, are raising prices by dou
A spike in demand since the pandemic has led to a backlog of orders lasting until next April and has given the company enough confidence to raise prices
Maersk seems to cut out freight forwarders to attract larger BCOs
COPENHAGEN : Maersk is expected to announce that it will only handle cargo from direct shippers from 1 November, cutting out freight forwarders, In an effort to attract
