News List

Qatar, Iran Looking to Boost Shipping Ties

Qatar is interested in boosting trade relations with Iran and increasing shipping between the ports of Bushehr and Hamad, Iran’s Ports and Maritime Organization (PMO) informed.

Hapag-Lloyd Downgrades Profit Forecast for 2018

German container shipping line Hapag-Lloyd has lowered its profit forecast for the financial year 2018 amid increasing operational costs.

Shippers Get More Dissatisfied with Carriers’ Service Quality

The level of customers’ satisfaction with the service quality of container shipping companies has dropped since 2016, according to the shipper satisfaction survey conducted by Drewry and the European Shippers’ Council (ESC).

Maersk Line to Comply with U.S Sanctions on Iran

Maersk Line, a part of A. P. Moller-Maersk, acknowledged that the United states has announced it will cease its participation in the joint comprehensive plan of action (JCPOA), and re-impose Sanctions on Iran following a wind down period.

Europe Aims to Make Shipping More Attractive for Women

European Transport Workers Federation (ETF) and the European Community Shipowners’ Associations (ECSA) have discussed possible solutions to increase women’s participation in the shipping industry in Europe.

Founder of CMA CGM Jacques Saadé Dies at 81

Jacques R. Saadé, the founder of the French shipping major CMA CGM, passed away on June 24, 2018 at the age of 81.

Hyundai Heavy to Close Shipyard amid Lack of Offshore Orders

South Korean shipbuilder Hyundai Heavy Industries has decided to temporarily shut down its offshore shipyard due to a lack of orders, Yonhap said citing the company.

COSCO Shipping Lines Welcomes Another 14,500 TEU Boxship

China’s COSCO Shipping Lines has welcomed to its fleet another 14,500 TEU newbuild, COSCO Shipping Denali.

CMA CGM to Acquire Containerships

French container shipping giant CMA CGM has decided to acquire Containerships, a Finland-based company specialized in the intra-European market.

Burning Cargo Ship Anchored off Kolkata

Indian naval forces managed to drop an anchor from the ill-fated merchant vessel SSL Kolkata on June 16, only days after the ship caught fire off Sandheads, Kolkata.

8 Crew Evacuated from Sinking Turkish Freighter off Croatia

Eight crew members of Turkish cargo ship Haksa have been evacuated after the freighter started sinking while underway in the Adriatic Sea, around 16 nautical miles off Croatia’s Jabuka Island, the Ministry of the Sea, Transport and Infrastructure of the Republic of Croatia said on Sunday.

Panama Canal Ups Maximum Draft for Neopanamax Locks

The Panama Canal Authority (ACP) increased the maximum allowable draft for vessels transiting the Neopanamax locks on June 13.

Hamburg and Rotterdam lead the way in call for data sharing among ports

Two of Europe’s largest container gateways, Rotterdam and Hamburg, today revealed that they have been involved in ‘unprecedented levels of collaboration’.

Ocean Yield to Add Four Boxships with Long-Term Charters

Norwegian shipowner Ocean Yield has agreed to acquire four 3,800 TEU container vessels with 12-year bareboat charters.

Shipping’s Decarbonization Will Need Major R&D Investment

Following a lengthy process, the International Maritime Organization’s (IMO) member states finally agreed in April to require international shipping to decarbonize and at least halve its greenhouse gas emissions by 2050.

ONE’s First Pink Ship Makes North American Debut

The first pink ship belonging to freshly-minted Japanese shipping group Ocean Network Express sailed through Puget Sound on Wednesday on its way to the Port of Tacoma in Washington, marking ONE’s North American debut.

Port of Rotterdam Wants to Be the Smartest

Ports are major hubs in the supply chain. In Rotterdam, Europe’s largest port, countless proceedings are happening every day. In the optimal supply chain, each link seamlessly connects to the next. That is why the Port of Rotterdam is looking into new developments to make the port services more efficient.

CMA CGM to Bring Artificial Intelligence on Board Ships

French shipping company CMA CGM has teamed up with San Francisco-based startup Shone to embed artificial intelligence on board ships.

Yang Ming Containership Loses 83 Containers in Heavy Seas Off Australia

A Yang Ming containership has lost more than 80 containers overboard while battling heavy swells off the east coast of Australia.

Ship Finance International Buys Four 14,000 TEU Boxships

Ship Finance International Limited has inked a deal to acquire four 14,000 TEU containerships in combination with long-term time-charters to an unrevealed container line.

Indonesia, India Plan to Develop Strategic Indian Ocean Port

Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta.

20,000 TEU COSCO Shipping Virgo Delivered

Chinese container shipping major COSCO Shipping Corporation has taken delivery of its fifth 20,000 TEU containership, COSCO Shipping Virgo.

ECSA Supports Proposal for Adequate Port Reception Facilities

The European Community Shipowners’ Association (ECSA) has welcomed the recently published proposal for a new Directive on Port Reception Facilities as it addresses major issues with the current system in place.

India Relaxes Cabotage Law

Foreign-flagged ships will no longer need to obtain a license from India’s Director General of Shipping to engage in coastal shipping in the country.

Diana Offloads Another Containership

Greek shipping company Diana Containerships has signed a Memorandum of Agreement to sell its 2006-built vessel Puelo to an undisclosed buyer.

Piracy Attacks off East Africa Doubled in 2017

The number of piracy incidents doubled off the coast of East Africa in 2017 compared to 2016, according to the annual State of Piracy report released today by One Earth Future’s (OEF) Oceans Beyond Piracy program.

Shippers with cargo on Maersk Honam must pay to get it released

Shippers with cargo aboard the fire-stricken Maersk Honam will have to stump up over half its value if it is to be released under general average arrangements.

EC Adopts Proposal to Simplify Ship Reporting

The European Commission has adopted a proposal with a view to increased harmonization of ship reporting requirements when calling at ports within the EU.

MSC first carrier to withdraw Iran services as US gets set to reimpose sanctions

MSC today became the first major container shipping line to announce that it plans to cease direct services into Iran.

Entering a new era and Sailing a new Journey

COSCO SHIPPING Lines officially announces the Day Two Product, including confirmed port rotation for each service loop.

MSC Inks USD 1 Bn Khalifa Port Terminal Deal

Swiss-based shipping major Mediterranean Shipping Company (MSC) has inked a 30-year concession agreement with Abu Dhabi Ports to establish a new container terminal at Khalifa Port, UAE.

SHI Delivers Maersk Capri

Danish-based Maersk Tankers has welcomed into its fleet Maersk Capri, a newbuilding Medium Range (MR) product/chemical tanker.

Biggest Indian Cargo Company Wants to Build an Uber for Shipping

Allcargo Logistics Ltd. is emulating Uber Technologies Inc. to boost its business of sharing marine containers.

Maersk to Trial AI-powered Situational Awareness Technology

Danish shipping giant A.P. Moller-Maersk will be the first in the world to trial artificial intelligence (AI) powered perception and situational awareness technology on a containership.

Singapore Awards $1.1 Billion Contract for Phase 2 of Tuas Mega-Port Project

Singapore on Wednesday announced a $1.1 billion plan to expand and modernise its port, the world’s second-biggest, but which is in fierce competition with several Chinese harbours including Shanghai, Shenzhen and Guangzhou.

CMA CGM Grows Its Logistics Presence

French liner company CMA CGM has reached an agreement to acquire an equity stake of nearly 25 percent in CEVA Logistics AG (CEVA), a global player in the logistics sector.

CMA CGM to Operate Lekki Port’s Container Terminal

French container shipping giant CMA CGM and Lekki Port LFTZ Enterprise have signed a Memorandum of Agreement to operate Lekki Port’s future container terminal.

DFDS Expands in the Med with Turkish Freight Operator

Danish shipping and logistics company DFDS has signed an agreement to acquire 98.8% of Turkey’s largest operator of freight shipping routes, U.N. Ro-Ro.

Brokers: Zodiac Maritime Tied to Five 14,000 TEU Ships at HHI

London-based Zodiac Maritime has beefed up its orderbook with five ultra large containerships, according to the data from Fearnleys.

Maersk Expands Online Platform Service Scope

Maersk Line takes further steps towards simplifying the supply chains of its customers by expanding the service scope on its online platform to cover more major trades and addressing customers'pain points.

South Korea Reveals 200-Strong Fleet Renewal Plan

As part of its determination to revive its ailing shipping industry, South Korea has revealed an ambitious investment plan that will see the construction of about 200 ships in the next three years.


On the 1st of April 2018, the container shipping business of Japanese liner shipping companies K Line, MOL and NYK has officially started to operate under Ocean Network Express (ONE) which is a major new global container shipping company.


The Hong Kong Competition Commission has issued a five-year block exemption order for liner shipping vessel-sharing agreements (VSAs). However, it declined to issue a similar exemption for vessel-discussion agreements (VDAs). The order, announced on Tuesday, follows two years of legal uncertainty for shipping lines after the city’s Competition Ordinance came into effect in 2015.


The shipping industry must cut greenhouse gas (GHG) emissions by at least 50% by 2050, according to a research effort ‘Shipping in Changing Climates’. Rising trade and demand means this will require substantial efficiency improvements in the average ship, which will have to reduce in carbon intensity some 60-90% by mid century, the research showed.


Chinese banks seem to be the emerging power when it comes to securing capital for the shipping industry.


MOSCOW, Oct 10 (Reuters) – Russia is setting up a direct shipping line to Syria and wants its companies to help build an economic recovery in the war-torn Middle Eastern country, the TASS news agency quoted Russian Deputy Prime Minister Dmitry Rogozin as saying on Tuesday.


Container spot rates from Asia to North Europe slumped below $700 per teu this week, losing a further 3.9% in value.


Increased consolidation among carriers driven by a continued oversupply of vessels could bring some order to the market, however, the recent mergers and mega alliances may lead to oligopolistic structures, UNCTAD warned in its latest report on maritime transport.


Analyst McKinsey & Company have imagined the future of container shipping 50 years from now and advised companies to digitize their operations to take advantage of digital technologies, big data, the Internet of Things.


The World Wind Energy Association (WWEA) and the International Windship Association (IWSA) have joined forces to further promote the uptake of wind technology by the global shipping fleet.


Abu Dhabi Ports and Cosco Shipping Ports Limited (CSP) and Abu Dhabi Ports broke ground for the  construction of a new container terminal at Khalifa Port during a high-profile event on Sunday, reported WAM.