MSC Suspends Novorossiysk Bookings After Drone Strike on Boxship
MSC has suspended new bookings to and from Novorossiysk with immediate effect after one of its containerships was struck by a drone leaving the Russian port.
Maersk Approaches Its Fleet Limits as Utilisation Hits 96%
Maersk chief executive Vincent Clerc says demand resilience has pushed vessel utilisation to 96% and second-quarter ocean volumes up 4.1%, forcing a reassessment of fleet expansion.
Container Port Congestion Hits Record 4.3m Teu Waiting to Berth
Congestion has removed more than 4.3m teu of capacity from circulation, surpassing the pandemic peak in absolute terms and keeping freight and charter rates elevated.
MSC Files New Far East-Africa Rates for September as Demand Firms
MSC has filed new freight-all-kinds rates on Far East-Sub-Saharan Africa and Indian Ocean trades for 1-14 September, ranging up to $8,000 per 40-foot container to Somalia.
China's Sea Legend Launches Regular Container Service Through the Arctic
Chinese line Sea Legend has launched a regular Arctic container service to Europe after a 2025 trial crossing took 20 days from Ningbo-Zhoushan to Felixstowe.
Panama Canal to Cut Daily Transit Slots From September as Rainfall Falls Short
The Panama Canal will reduce daily transit slots from 3 September after below-expected rainfall in its watershed, reorganising bookings into four cargo-type auction groups.
RCL Returns to Its Feeder Roots With Four 1,900 TEU Ships in Guangzhou
Thailand's Regional Container Lines has ordered four 1,900 teu feeders at CSSC Huangpu Wenchong, using the Guangzhou yard's in-house design with shore power and scrubbers.
Hanjin's Collapse Returns to Court as Korea Rethinks Rehabilitation Rules
A decade after Hanjin Shipping was declared bankrupt, the Seoul Rehabilitation Court is considering reducing its reliance on the court-appointed examiners whose valuations decide corporate survival.
Amazon Drought Pushes Manaus Container Surcharges Toward $1,900 a Box
Container lines serving Manaus have published low-water surcharges ranging from $753 per teu to as much as $1,900 per box as the Amazon dry season approaches.
Klaus-Michael Kuehne, Hapag-Lloyd's Largest Shareholder, Dies at 89
Klaus-Michael Kuehne, honorary chairman of Kuehne+Nagel and holder of 30 percent of Hapag-Lloyd, has died aged 89 at his home in Schindellegi, Switzerland.
PIL Builds a Real-Time Digital Twin of Its Operations With Celonis and WNS
Pacific International Lines is using Celonis to build a live digital twin of its processes, with WNS embedding the capability across a fleet of more than 100 container vessels.
India Plans First Northern Sea Route Cargo Voyage to Europe in 2027
India would follow China's first scheduled NSR container service and a South Korean demonstration voyage, adding a third Asian user to the Russian Arctic route.
Delays and Congestion Now Absorb 5% of Global Container Capacity
Sea-Intelligence puts the absorption rate at 5.0 percent against a 2011-2019 norm of 2.2 percent, with schedule reliability stuck at 60-65 percent.
Panama Canal Cuts Daily Transits to 32 From September 3
Daily transits drop from 34 to 32 on September 3 and fall again on September 15, with unbooked ships already waiting more than eight days to get through.
Zim Lifts Q2 Revenue to $1.8bn as Hapag Merger Meets Regulators
Zim reported $1.8 billion in second-quarter revenue, up nine percent, but its shares fell four percent after Brazil's competition authority opened a full review of the $4.2 billion Hapag-Lloyd merger.
MSC Tests Suez Transits as Container Volumes Rise on the Corridor
MSC has sent seven eastbound vessels through the Suez Canal and Bab el Mandeb in two weeks, as Maersk and Hapag-Lloyd return services to a corridor CMA CGM never fully left.
Hapag-Lloyd Profit Falls As Hormuz Disruption Costs Six Hundred Million
Hapag-Lloyd's second-quarter profit fell to 71 million euros from 306 million a year earlier as the carrier absorbed roughly 600 million dollars of additional costs arising from the conflict in the Middle East.
Taiwanese Line Nearly Doubles Quarterly Profit As Margins Recover
A Taiwanese container line has almost doubled its attributable second-quarter profit from the preceding three months, reaching 16.03 billion New Taiwan dollars, equivalent to about 499 million United States dollars.
Container Group Lifts Full-Year Guidance After A Sharp Ocean Rebound
A Danish container and logistics group has sharply raised its full-year guidance after its ocean division returned to strong profitability in the second quarter, and is moving towards a full restoration of services through the Red Sea.
Korean Container Line Holds A Ten Percent Operating Margin
A South Korean container carrier has reported first-half revenue of 6.121 trillion won with an operating profit of 623 billion won and net profit of 765 billion won, giving an operating margin of 10.2 per cent for the six months.
Largest Ship Ever To Call At Port Everglades Renews Dredging Push
The largest cargo ship ever to visit Port Everglades called in mid-August, and port officials used the occasion to press for progress on a long-delayed channel deepening project.
Container Line Posts Modest Quarterly Profit On Higher Volumes
A Singapore-based container line has reported quarterly revenue of about 4.54 billion dollars with earnings before interest and tax of 76 million and net profit of 31 million, on volumes of roughly 3.26 million containers at an
Asian Port Congestion Pushes Container Lines Back Towards The Red Sea
Delayed container capacity in Asia has reached about 2.4 million boxes following a typhoon that disrupted Chinese ports in the second week of August, and the resulting pressure is pushing container lines back towards a routing many
Japanese Owner's Quarterly Profit Rises Despite Weaker Container Contribution
Mitsui O.S.K. Lines lifted first-quarter net profit by around sixteen percent as dry bulk swung to profit and the container contribution shrank.
Report urges US to create a publicly backed container shipping line
A new report from the Open Markets Institute argues the US should consider a publicly backed container shipping line to cut reliance on foreign carriers.
Container Lines Now Own The Majority Of Their Operated Capacity
The twelve largest container lines now own roughly 63 percent of their operated capacity, reversing the capital-light chartering model that defined the sector before the pandemic.
HMM Halts Container Ship Orders To Pivot Into Energy Shipping
HMM has halted plans for at least ten new 13,000 teu container ships and is redirecting investment into tankers, LNG carriers and very large gas carriers, stepping out of the boxship ordering wave.
CMA CGM Second-Quarter Revenue Rises 19 Percent To 15.7 Billion Dollars
CMA CGM has reported second-quarter revenue of 15.7 billion dollars, up 19.2 percent year on year, carrying 6.3 million teu as maritime and logistics both grew despite disruption in the Middle East.
Container lines shift decisively towards owned tonnage
Container lines have sharply increased their reliance on owned ships during the 2020s, reducing their exposure to a charter market that has been repeatedly constrained by limited vessel availability.
CMA CGM set to overtake Maersk as world's #2 boxline
é reported by French daily Les Echos. Saadé expects the Marseille-based carrier to move ahead of its Danish rival within roughly 18 months, though Linerlytica data suggests the switch could come as early as July 2027. T…
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