With returns sliding back to pre-Covid levels after the supercharged pandemic period shipping lines are looking to control costs again to keep their heads above water.

The deep decline in container freight has seen both Hapag-Lloyd and Yang Ming post sharp drops in annual profits, and Zim sink deeply into the red.

Maersk Line faces stiff competition in its bid to acquire DB Schenker as the carrier appoints investment bankers to advise on an offer for one of the forwarding giants, in a deal that the Danish carrier says could alter the logistics landscape.

Fabrication work has started on the world’s first containership methanol dual-fuel retrofit for Maersk at Zhoushan Xinya Shipyard.

CMA CGM's schedule reliability was the highest among the large container lines in January 2024 as it bucked the trend and continued Red Sea sailings.

Ocean Alliance has chosen a period of crisis and flux to emphasise the container lines’ commitment to stability and cooperation by announcing an extension to the grouping of five years, from 2027.

The idle container ship fleet has contracted again as the crises in the Red Sea and Panama Canal suck capacity into service diversions and distort the market, as newbuildings arrive to alleviate tonnage crunch.

Maersk could look at a potential acquisition of DB Schenker with greater synergies from such a deal than it believed would be the case in the past.

Danish shipping company Maersk slumped to a fourth quarter loss and forecasts at best to breakeven in 2024.