Carriage of containers on vessels not specifically designed for the purpose
PIRAEUS : The shipping industry is currently witnessing an exceptional boom in the container trade, and due to the increasing demand, some freight forwarders and other parties are exploring unconventional methods to accomplish their
Shippers struggle as container carriers’ earnings skyrocket
Importers and exporters are facing a rapidly disintegrating container shipping market as deployed capacity fails to keep pace with returning consumer and business demand and shipping rates escalate beyond reach for many small to
Hapag-Lloyd orders another 75,000 TEU standard containers
HAMBURG : To further ease the scarcity of empty containers, Hapag-Lloyd has ordered another 75,000 TEU dry boxes. The containers will be manufactured in China and delivered to Hapag-Lloyd within the fourth quarter of
Containership order book doubled up in 2021 : BIMCO
COPENHAGEN : Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been
Asian container lines report massive surges in H1 profits
Hong Kong-listed Orient Overseas (International) Ltd (OOIL), which owns OOCL, reported a massive surge in first half net profit to $2.81bn compared to $155m in the same period in 2020. With an EBIT of
Container Shipping Earnings Now Rival Apple. It’s Not a Good Look
AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year by the financial analysts who follow
MPT offers discounts to attract new container feeder vessels
PANAJI : In a bid to ensure continuity of the container feeder vessel, Mormugao Port Trust (MPT) has decided to grant substantial discounts to any shipping firm that starts new feeder services. To encourage immediate resumption
Exporters seek govt help amid global container crisis
NEW DELHI : Exporters have called on the government to ask Indian shipping lines to lease containers for them as a worldwide supply chain imbalance has led to skyrocketing freight prices. The shortages are