HAMBURG : The supply chain industryis hopeful of a better peak season this year and expects freight demand recovery in the Q2 of 2023, according to the recently published monthly container market forecaster for
GENEVA : Mediterranean Shipping Co. (MSC) has further consolidated its Indian Ocean Service network with a new regional string out of Cochin Port. The weekly routing, branded as the “Malabar,” connects all major ports
BEIJING : COSCO Shipping Development (CSD), the holding company for Dong Fang International Container, the world’s second-largest container manufacturer, said that net profit fell 35% year-on-year to US$568.57 million in 2022. Container sales fell
SINGAPORE : Ocean Network Express (ONE) has launched the ONE Eco Calculator, which will measure CO2 emissions from its vessels. The tool is one of the company’s first steps towards net zero energy. The
BAGHDAD : Milaha recently introduced a new direct Upper Gulf Service (UGX) to transport cargo to Umm Qasr in southern Iraq, in order to provide and transfer materials and commodities between Iraq and the
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