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%...
ICTSI sees big life from terminal operations
MANILA-based International Container Terminal Services, Inc. has posted a 15% increase in revenue from port operations in 2024 to US$2.74 billion, well up from 2023’s US$2.39...
No stopping North & East Asia rates slide
WITH China-Australia rates in something like freefall since the first week of January and other Asian trades gradually following suit, carriers are rushing to try more GRIs, rate...
CMA CGM: Strong 2024 but “prudent” outlook
CMA CGM Group on Friday [28 February] reported full-year 2024 revenue stood at USD 55.5 billion, a 18.0% year-on-year increase that was led by the performance of the group’s...
Predicted rate avalanche gathering momentum
THE SHARP downturn in Asia-Australia rates, more dramatic from North & East Asia than from South East Asia, has prompted more leading lines to hit the ‘restoration’ button, mostly...
World Container Index - 20 February 2025
DREWRY’S World Container Index decreased 10% to US$2795 per 40-foot container this week. The index is now 73% below the previous pandemic peak of US$10,377 in September 2021 and...
