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.

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.

Dorian LPG, International Seaways Ship Management LLC, Poten & Partners and d’Amico all confirmed for the CMA Shipping 2024 Commodores’ Debate rounding off three days of thought-leading content from 12-14 March in Connecticut.

The shipping industry has united in calling for the immediate release of 25 seafarers on board the Galaxy Leader held hostage by Houthi Rebels for three months now.

Diversions from transiting the Red Sea to avoid Houthi attacks have significantly strengthened ton mile demand to the benefit of investors listed product tanker owners.

US shippers are diverting east coast cargo, already shifted from the Panama Canal to via Suez, to west coast ports, boosting southern California port volumes and raising box leasing prices through the roof.

Unifeeder has started new reefer focused service between Manzanillo in Panama and four Colombian ports.

The US West Coast gateway ports of Los Angeles and Long Beach saw a surge in container volumes in January 2023 as retailers restocked inventory ahead the Lunar New Year shutdown in China.

The Port of Virginia has announced it is expanding its international connections with two new services that connect directly with the Latin American market.

CMB has launched its mandatory takeover bid for Euronav, a test of shareholder appetite for its vision of a sustainability-focussed future for the company.