MSC is implementing a new DNV anti-roll system designed to avoid container losses due to parametric rolling on containerships.

There is no longer fundamental support for the very high container spot rates seen in the market over the last 18 months as vessel utilisation numbers start to normalise.

Dockworkers at the UK’s port of Liverpool are set to strike in September over a below-inflation pay offer.

CMA CGM is setting up a $1.5bn fund to accelerate the energy transition in shipping and logistics.

The record profitability of the container shipping sector continued to grow in Q2 hitting an estimated $63.7bn in the second quarter of 2022, according to Blue Alpha Capital.

Spot rates on most major container trades have fallen significantly on-year, but a few routes bucked the overall trend.

The Baltic Exchange is optimistic that the outlook for global shipping is improving, despite the reduction in global bulk energy needs caused by the pandemic.

August brought another increase in long-term container freight rates, but contracted rates look to be easing as spot rates fall.

A downcycle is unavoidable for container shipping in 2023-24 and profits will fall by 80%, a report by HSBC Global Research forecasts.

An eight-day strike at the UK’s main container port has come to an end, but the impact will continue to be felt in the coming months and further action could be on its way.