The supply chain logistics and technology platform’s June Ocean Carrier Report says the 2M alliance of Maersk and MSC was “the most aggressive, cutting back its services by as much as 71% in the second week in May”. “With ocean freight spot rates in freefall and demand for containers down ye...

The new terminal is part of the Belt and Road initiative and integral to the New International Land Sea Trade Corridor, which connects landlocked Chongqing by rail with Qinzhou in the west from where cargo can be shipped worldwide. It is estimated that in the terminal’s first phase, annual capacit...

Its Fit For 55 package is aimed at reducing the EU’s emissions by 55% by 2030, and the latest round of discussions included measures to create a new emissions trading system (ETS) for commercial vehicles, known as ETS II, as well as agreeing the inclusion of maritime emissions in the ETS. In aviat...

Shipping consultant Drewry said there would be almost nine million boxes fitted with tracking and telemetry equipment by 2026, with Hapag-Lloyd’s decision to fit trackers to its fleet of dry boxes likely to initiate a scramble among container lines to implement similar systems. However, Mike Yarwo...

Shell has signed a multi-year agreement with CMA CGM to supply LNG for the line’s 13,000 teu vessels from the second half of next year. Yesterday the two companies said: “As Shell and CMA CGM are long-standing partners, both companies plan to extend their partnership to the road and aviation sec...

The company said the service, deploying two 3,000 teu vessels, would help avoid some of the congestion issues faced at Europe’s major container gateways. “In an increasingly unpredictable environment, our customers ask for more reliable and agile supply chains – and this is exactly what the ne...

The latest loop takes the carrier’s new services on the route to five since April – all independent of the 2M Alliance. According to Alphaliner, the carrier’s NWC to Mexico Express loop commenced with the sailing of the 4,253 teu Genova from Antwerp this week, calling at Bremerhaven, Freeport ...

At an Air & Ocean Freight Outlook webinar, organised by Danish forwarder Scan Global Logistics last week, the CEO and partner at Vespucci Maritime said there was a case for a very strong end to the year – but in another scenario, consumers stop spending. “We’re beginning to see Shanghai re...

Operated by Thailand’s Regional Container Lines the vessel was detained by the Indonesian Navy on 4 May after the discovery of 34 containers loaded with what was thought to be illegal palm oil, the export of which was banned at the time. RCL said the cargo had been booked prior to the export ban o...

The bids were opened this morning, according to port sources. They also said the winning consortium had offered a revenue share (royalty) of Rs4,520 ($57) per teu for the landlord authority. “[Qatar-backed] QTerminals became the second-highest bidder with an offer of Rs4,235 a teu.” A port offic...