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 2023. The ship is registered in
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 towards autonomous shipping. Autonomous shipping offers
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 will calle the following port rotation: Callao
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 & Caribbean, Leeward, Windward, Guyana North Brazil,
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 toll. OOIL, which operates Overseas Orient
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 district after 42 years. Mr S.S.
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 ensure full-proof security during movement between
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 have purchased six vessels in recent
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 yards within the China State Shipbuilding
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 of a weakening market, according to