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...
Record volumes fuel ZIM success
RECORD carried volumes helped global container line ZIM Integrated Shipping Services to its best-ever results in 2024. In its 2024 and fourth quarter financial report released on...
PIL names container vessel Kota Embun in China
THE FIRST Pacific International Lines (PIL) vessel to carry a bow windshield was named in a ceremony in China this week. The Kota Embun is the fourth 14,000 TEU LNG dual-fuel...
UK collision: containership aground, master charged
THE UK’s Marine Accident Investigation Branch of the Department of Transport is just one of several bodies now undertaking investigations into the Monday [UK time] collision...
North Sea collision highlights safety issues
A MAJOR collision in the North Sea between a cargo ship and a fuel tanker has highlighted the dangers of crowded sea lanes. The stationary tanker was carrying jet fuel for the US...
New Zealand expansion for ACFS with Coda acquisition
THE ACQUISITION by ACFS Port Logistics NZ (ACFS) of Coda Group assets will give the operation the scale, resources, and growth opportunities required to excel in an increasingly...
Container logistics explained at Fremantle workshop
MAKING sense of the container supply chain can be difficult. A workshop in Fremantle, Western Australia, to explain how the logistics chain works is being run by the Container...
World Container Index - 7 March 2025
Drewry’s World Container Index decreased 3% to $2,541 per 40ft container this week The Drewry WCI composite index decreased 3% to $2,541 per 40ft container, The index is now 76%...
