The claim against Yang Ming has been “dismissed with prejudice”, said FMC documents released on Monday. The details of the settlement have not been disclosed and Logistic-News contacted Yang Ming for comment but had not received a response by the time it went to press. The initial complaint, f...

According to Richie Lin, logistics consultant director at Team Global Logistics, the inflated freight rates of 2020 and 2021 attracted new players to provide transpacific services in search of quick returns. He explained: “We saw many when port congestion, a lack of labour and equipment shortages...

Contargo announced it would be increasing an emergency surcharge of €10 per transport of full or empty containers to €25 from 1 September, heaping new misery on shippers that faced a week of closures on the Rhine. Contargo said: “As well as the massive problems in seaports, substantial bottle...

Mr Widelund has extensive experience in the logistics and transport sector, beginning his career at Nordisk Transport, responsible for traffic sales. His next role was taking responsibility for freight procurement at Swedish industrial manufacturer Alimak, which was followed by a stint as site mana...

Islamic Republic of Iran Shipping Lines (IRISL) has steadily ramped up cargo movement contracts on the route, moving some 114 containers and 3,000 tonnes of other freight between May and July, according to regional industry sources. Some of that traction could be attributed to a new currency tradin...

CMA CGM is currently paying $25,910 a day to non-operating containership owner Global Ship Lease (GSL) for the 2013-built, 6,927 teu, Mary, Kristina, Katherine, Alexandra and the 2015-built 6,882 teu Alexis and Olivia 1.  Their charters expire between Q4 23 and Q3 24 and the new charters, with Hap...

The ICS is composed of state bodies, including Denmark, which is represented on the ICS board. It is understood that a Maersk employee has represented Denmark at the ICS for the past 10 years and it is this person that may have stepped down. Moreover, Maersk has been cited as seeing the ICS as less...

It will be built by China Merchants Jinling Shipyard for delivery in 2024 and can carry around 334 teu, including 60 teu of reefers, about 134 teu more than its current vessels. Part of Cosco, Japan-China services call at Shanghai and at Japan’s ports of Osaka and Kobe, alternating between Osaka...

Moreover, a wage settlement last week at German ports is also expected to relieve the high yard density at Hamburg’s box terminals in the coming weeks. According to new weekly data produced by supply chain intelligence company eeSea for the port of Rotterdam, congestion at the Dutch gateway and n...

The vessels can each carry around 1,100 tonnes of breakbulk cargo, the equivalent of around 100 containers, at speeds of 10 knots. Though the vessels will not be free of conventional propulsion, the majority of energy will be provided by the wind, said to entail a 90% emissions reduction. TOWT has...