Suez Canal Authority begins arrest procedures against MV Ever Given
EGYPT : Arrest procedures have been initiated against shipping vessel MV Ever Given, which had blocked Egypt’s Suez Canal and crippled world trade for nearly a week. The
MSC on course to become the world’s largest container shipping line
GENEVA ; The Mediterranean Shipping Company will pip AP Moller Maersk as the world’s largest container line sometime by 2022,when it will eventually have more capacity than Maersk.
Panama Canal Authority postpones planned price hike following calls from shipping industry
Singapore – The Panama Canal Authority (ACP) has announced that it will postpone price increases on canal transit fees which were due to come into effect today. The announcement
Hapag-Lloyd orders 150,000 TEU of standard and reefer containers for 2021
HAMBURG : Hapag-Lloyd is stepping up once more the investment in its container fleet in light of the current situation – similar to what the container shipping line
Suez Canal Authority Holding Ever Given Over $916 Million Compensation Claim
CAIRO,(Reuters) – A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million
Hapag-Lloyd CEO Sees Ocean Shipping Demand Staying ‘Very Strong’
HAMBURG : Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that
CMA CGM Box Ship Sets Loaded Containers Record
SINGAPORE : French shipping company CMA CGM said its 23,000-TEU mega ship CMA CGM Jacques Saade has set a new world record for the highest number of full
Hapag-Lloyd CEO Sees Ocean Shipping Demand Staying ‘Very Strong
GERMANY : Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that
Forwarders should move quickly on Ever Given GA, but legal wrangle looms
LONDON :The British International Freight Association (BIFA) has urged forwarders with cargo on board the Ever Given to begin General Average (GA) procedures with their shippers. The vessel’s
CSSC bags $1.5bn containership newbuilding orders
China State Shipbuilding Corporation (CSSC) has announced its largest containership contract for the construction of thirteen 16,000 teu boxships at a total cost of over CNY10bn($1.5bn). Asia :The