Maersk bans Iranian-owned containers from its vessels
COPENHAGEN : Maersk has announced it will not accept any Iranian-owned containers on its vessels from now on, applying potential fines and penalties in such cases. “Potential fines
Container ship prices skyrocket as rush to move goods picks up
Prices to ship containers from Asia to the U.S. and Europe are rising at a historic pace as cargo owners bid up rates in a search for ocean
HMM confirms a dozen 13,000TEU vessels order
HMM has signed newbuilding contracts with Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) for twelve 13,000TEU container ships. The total cost of the new
Box rates up 332% year-on-year, schedule reliability hits dire new lows
LONDON : Shippers might be paying 332% more per box that they were this time last year, according to the latest data from Drewry, yet they’re having to put
DCSA Launches Adopter Programme
AMSTERDAM : Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine member carriers, on Tuesday, 29th June 2021, launched the DCSA Adopter Programme, which enables solution and service providers to validate adoption
More container ships score ‘astronomical’ $100,000/day rates
Multi-month container-ship charters continue to be signed at jaw-dropping rates above $100,000 per day. The market is getting even tighter, pushing charter rates and durations higher still. Even
ZIM and Alibaba.com Announce the Extension of Their Commercial Cooperation Agreement Until 2023
HAIFA : ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, and Alibaba.com, the world’s leading B2B eCommerce platform and a business unit of Alibaba
Carrier Schedule Reliability ‘Through the Floor’ and There’s No Relief in Sight
Ocean carrier vessel arrivals from Asia are being delayed by 20 days, or more, and there is no improvement in sight. Widespread port congestion, equipment shortages and a
South Africa to Revamp its Ailing Port System
CAPE TOWN : South Africa’s National Ports Authority (NPA) will operate as a stand alone business under the aegis of state-owned freight logistics group Transnet, President Cyril Ramaphosa
Get Ready for Years of Chaos in Container Shipping
LONDON : First there were the queues at the twin ports of Los Angeles and Long Beach, which left as many as 40 container vessels awaiting a berth in early
