Drewry: World Container Index Down 2% This Week
LONDON : Drewry’s composite World Container Index decreased by 2% to $1,954.64 per 40ft container this week. Our detailed assessment for Thursday, 16 February 2023 The composite index
MSC Group and MSC Foundation support Earthquake Relief Initiatives in Türkiye and Syria
GENEVA : The MSC Group and the MSC Foundation have organized an urgent response to support the population in the aftermath of the devastating earthquake in Türkiye and
OOCL welcomes its first 24,188 TEU container vessel “OOCL Spain”
HONG KONG : Orient Overseas Container Line Ltd. (“OOCL”) is delighted to introduce the first 24,188 TEU mega vessel to its fleet. The new vessel was officially named
Ocean Network Express and Seaspan Corporation conclude Second Joint Crisis Management Drill
SINGAPORE : Ocean Network Express (‘ONE’) and Seaspan Corporation (‘Seaspan’) concluded their second joint crisis management drill on 14 February 2023. Building on lessons learned from the inaugural
MSC commits to achieve 100% Electronic Bill of Lading adoption by 2030
GENEVA : MSC has committed to transition to a fully standardized electronic Bill of Lading (eBL) by 2030, with an intermediate target of 50% within five years. This
HMM to jump on the methanol-fuelled containerships worth of $1.12bn
SEOUL : South Korea’s HMM is ordering nine 9,000 TEUs capacity boxships with methanol dual-fuelled engines from two South Korean yards. The orders worth a total of $1.12bn
Four Asian shipping lines are reporting steep revenue declines
SINGAPORE : New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter and ongoing market erosion in the
MSC : Earthquake in Türkiye – Impacts on Operations and Services
GENEVA : On Monday 6 February 2023, Türkiye and Syria were the epicenter of a catastrophic earthquake that severely affected infrastructure and operations in the region. MSC would
MSC expands Sentosa Service to provide better access to the North Indian market
MUMBAI : MSC will expand its current Sentosa Service to provide better access to the north Indian market, to connect the main ports of China directly with India’s key
Maersk North America and Ashdod Port Company sign agreement to collaborate on logistics and supply c
ISRAEL : Ashdod Port Company has signed an agreement with Maersk North America – to collaborate on innovation opportunities in supply chain logistics. The agreement enables Israeli startups