Asian container lines including Cosco, Evergreen, HMM, and Ocean Network Express (ONE), as well as Anglo-Eastern Ship Management, are amongst the hardest hit by the European Union’s Emissions Trading System (ETS) which entered force at the...
The supply chain disruption of the pandemic brought a slew of complaints and actions in the US by shippers against container carriers related to demurrage and detention (D & D).
A Houthi missile found its target some 70 nm south of Aden causing minor damage and a minor injury to a crew member, according to reports from US Central Command (CENTCOM).
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.
Container lines and their clients are engaging in their annual pre-contract rate dance, aided, to a certain degree, by analysts’ forecasts on the state of the industry.
Shipping associations have welcomed the European Union’s operation Aspides, a defensive maritime security operation to protect shipping in the Red Sea.
The Chinese private shipbuilder, Yangzijiang Shipbuilding, has entered into a contract with Danaos Corporation for the construction of two methanol-ready 8,258 teu container ships.
Beauty, they say, is in the eye of the beholder, but few observers would describe the widening chasm that has opened between western and some Middle Eastern interests in the Red Sea as objectively attractive.