Maersk, CMA CGM, Hapag-Lloyd, MSC and Wallenius Wilhelmsen have called for an end date to the construction of fossil-only fuelled newbuildings at COP28.

Hapag-Lloyd has opened two new offices in Bulgarian capital Sofia and the port city of Varna.

Yemini Houthi rebels struck three vessels with missiles in the Southern Red Sea on Sunday, and a responding a US warship shot down three drones.

Singapore-based shipping line SeaLead is continuing to expand with launch of a new Mediterranean – Brazil service.

Container carriers are failing to manage overcapacity of vessel supply, and this could lead to massive losses in the coming year analysts warn.

Container carriers are preparing for increased disruption at the Panama Canal as transit numbers continue to be reduced, and MSC and CMA CGM have both announced surcharges for the waterway.

German vessel broking company Arkona Allied Container is to build ten containerships at China’s Dajin Heavy Industry and Qingdao Yangfan Shipyard.

As container lines prepare for the imposition of the EU Emissions Trading Scheme (ETS) on shipping there is confusion from their customers about the different levels of surcharges being levied.

ZIM has taken a $3 billion punt that demolition and emissions regulations allied with a more flexible charter market and economic growth will create drivers that will bring a better supply and demand balance to the market in 2025.