CMA CGM and ABB see parametric roll algorithm collaboration
GLOBAL technology group ABB has announced it is collaborating with CMA CGM on a new parametric roll algorithm intended to improve ship safety. The solution integrates a...
COSCO Shipping reports strong 2024 results
COSCO Shipping Holdings enjoyed a stellar year in 2024, with volume, revenue and profit all jumping sharply over 2023. In 2024, the revenue from the Group’s container shipping...
Hapag happy, despite some slippage
HAPAG-Lloyd reported a slight increase in Group operating result for 2024 but at USD 2.6 billion (EUR 2.4 billion), the Group profit was below that of the prior year, particularly...
World Container Index - 20 March 2025
DREWRY'S World Container Index decreased 4% to $2,264 per 40ft container this week. Source: Drewry World Container Index The Drewry WCI composite index decreased 4% to $2,264 per...
China-Australia spot rates recover
FREIGHT rates on the China-Australia route reversed direction this week, after steadily falling since the last week of January. The Shanghai Containerised Freight Index for spot...
Melbourne 2024 container volumes highest ever recorded
THE PORT of Melbourne has recorded the highest container trade volumes ever recorded in any Australian port. In 2024, the port saw a total of 3.396 million twenty-equivalent units...
LNG power debuts in Aust container trades
ANL Container Line is celebrating another step in the journey to net carbon zero by 2050 with the arrival in Melbourne this morning [18 March] of the 8048 TEU newbuilding CMA CGM...
Evergreen reports 58% jump in profit
TAIWANESE liner operator, Evergreen, has reported a jump in revenue of 68% year on year turning over TW$463 billion in 2024. Net profit, at TW$139.45 billion, was up 58% compared...
Record revenue for DP World
DP WORLD has reported a record $20 billion revenue and record EBITDA of $5.5 billion for 2024. In a release announcing the new records, the UAE-based company said revenue had...
World Container Index - 13 March 2025
DREWRY'S World Container Index decreased 7% to $2,368 per 40ft container this week The Drewry WCI composite index decreased 7% to $2,368 per 40ft container, The index is now 77%...
DP World: ‘ACCC decision not final’
DP WORLD plans to continue its bid to acquire Silk Logistics in spite of concerns expressed by the ACCC yesterday. In a media statement issued on 14 March DP World acknowledged...
OPINION: Analysing the MV Solong and MV Stena Immaculate incident
NOW that a few days have passed since the tragic collision in the North Sea between the 'M/V Solong' and the tanker 'M/V Stena Immaculate,' I wanted to take a moment to share my...
Strong result encourages Yang Ming deployment plans
WITH THE container shipping industry capacity growing by around 3 million TEUs, it according to Yang Ming Marine Transport Corporation. The corporation, in its 2024 financial...
OOCL warns of challenges to container industry
ORIENT Overseas (International) (OOCL), one of the world’s biggest integrated container transport businesses has warned of challenges to the industry in its annual report. While...
ACCC warns against DP World’s Silk takeover
CONSUMER watchdog, the ACCC is concerned that DP World Australia’s proposed acquisition of Silk Logistics has could lead to higher prices and reduced quality for Australian...
