News
New Zealand coastal service to launch in December
A NEW Zealand newcomer has announced the inauguration of a fortnightly coastal container/ bulk/ breakbulk service in December this year with two locally-crewed vessels on...
World Container Index – 10 September 2026
THE DREWRY World Container Index (WCI), remained stable fore the second consecutive week, finishing at $4,476 per 40ft container. Source: Drewry World Container Index On the...
OOCL remembers Tung Chee-hwa
OOCL released the following statement after the passing of former OOIL chairman Tung Chee-hwa. Mr. Tung Chee-hwa, former Chairman of OOIL and the first Chief Executive of the Hong...
Vale CH Tung: “saviour of OOCL”
TUNG Chee-Hwa, from 1982 chairman and CEO of the Tung group and first Chief Executive of Hong Kong (1997-2005), died on 8 September at age 89 after a long illness. The elder son...
Ten years on: What Hanjin taught the industry about crisis
TEN years ago, I was working carrier-side in Melbourne when the reports started coming in. Ships holding position outside ports rather than coming in. Not because of weather, not...
TS Lines up good first half
HONG Kong-based, Taiwan-owned TS Lines has managed a first half boost to revenues and profits despite actually carrying fewer containers. For the six months ended 30 June 2026,...
World Container Index – 3 September 2026
THE DREWRY World Container Index (WCI), remained stable at $4,465 per 40ft container, as the increase in Transpacific trade routes was offset by a decrease in the Asia–Europe...
Bouncing rates reflect Asian delays
ONCE again it’s the South East Asia trade that’s drawing attention this week with another flip-flop in rates. According to Xeneta the mean rate from South East Asian main ports to...
MSC splits loop in new Oceania revision
MEDITERRANEAN Shipping Company is putting more emphasis on trans-Tasman connections by establishing a Northern Loop to complement the May-introduced Southern Loop. The latest...
Evergreen expands eBL capabilities through Bolero’s Galileo platform
EVERGREEN Line has expanded its long‑running electronic Bills of Lading (eBL) partnership with Bolero, making Evergreen eBLs available through Bolero’s Galileo platform and...
COSCO 1H: revenues up, profits down
COSCO Shipping Holdings “sustained its industry-leading financial performance” in the first half of 2026, after a strong turnaround in the second quarter. In the first half of...
OOCL 1H: Profits down, revenues up
IN LOCKSTEP with parent COSCO Shipping Holdings, Orient Overseas International Ltd (OOIL) has seen first half profits eroded by additional costs but recorded new highs in revenue...
World Container Index – 27 August 2026
THE DREWRY World Container Index (WCI), decreased 1% to $4,473 per 40ft container, driven by lower rates on the Transpacific and Asia–Europe trade routes. Source: Drewry World...
Disruption to Tasman, SoPac services
AUSTRALASIAN near-seas services have been hit by unplanned disruptions at an inconvenient time for shipping lines and their customers. ANL has been obliged to withdraw the ANZ...
China rates becalmed, South East Asia rising again
RATES from South East Asia to Australia hit a new high this week while those from China spent a second week at a virtual standstill. Xeneta reports the mean rate for shipments...
