Port of Long Beach Had Busiest Month on Record in March
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los
Container Shipping Had Its Best Quarter in History Last Year. 2021 Could Be Even Better
NEW YORK : Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that
2021 could be even better for container shipping
NEW YORK :Ocean carriers enjoyed their best quarter in container shipping history in the final three months of 2020, but are expected to have significantly topped that record
Poor quality fuel sees MSC vessel stall in the Pacific
LOS ANGELES : MSC has reported its 13,000TEU container ship MSC Ariane has suffered an engine failure due to poor quality fuel, which has caused the vessel to
Sea Consortium books new boxships at Zhoushan Changhong
SINGAPORE : Singapore’s Sea Consortium has reportedly signed shipbuilding contracts with China’s Zhoushan Changhong International Shipyard for the construction of three 3,100 TEUs containerships. A report from shipbrokers
N Europe – Asia exporters face near 80% container capacity drop
Exporters from Europe and the Med will see a sharp drop in container shipping capacity this week due to knock-on effects of the Suez Canal closure, then followed
Shipping major Wilhelmsen switches focus to renewables
Wilhelmsen, one of Norway’s best known shipping brands, is having a major change of focus, going all out for renewables. Norway :“Our strategy is very clear, we will
Suez chaos leaves shipping companies counting the ‘lost expenses’ cost
The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be
PIL restructuring completed
The restructuring of Pacific International Lines (PIL), the world’s 12th largest liner company, has been completed with a unit of Singapore’s sovereign wealth fund coming in with $600m
Govt Chalks Out 4-point Plan To Deal With Blockage Of Suez Canal
The plan was chalked out in a meeting convened by the logistics division, Ministry of Commerce. It includes prioritisation of cargo, freight rates, advisory to ports and re-routing