Container lines Ocean Network Express (ONE) and Hapag-Lloyd are launching a new service covering Africa, India and the Middle East.
Containership Soul of Luck ran out of luck on Sunday when it collided with the berth at the port of Semarang demolishing a quay crane.
Container throughput at China’s Shanghai port has risen by 5.1% in the first half of this year compared to the year-ago period, according to Shanghai International Port Group (SIPG).
MSC says that the majority of containers on board the vessel MSC Gayane seized following a $1.3bn cocaine bust in Philadelphia port have been transhipped onto their original destinations.
The US China trade war that began almost a year ago, is taking its toll as illustrated by revenues from the Panama Canal.
The Chinese city of Nantong is to develop a new port area Tongzhou Wan to strengthen its container cargo handling capacity.
More container lines are adding risk surcharges for shipments to and from Middle East Gulf ports following last month’s attack and two tankers in the Gulf of Oman.
The global shipping market still has “a way to go” before it can claim a well-grounded recovery even though supply growth is in check and trade growth is positive, according…