The MSC Sky II was targeted by Houthis who fired an anti-ship missile which struck and damaged the vessel, UK MTO reports that all crew are safe and the ship has continued on its journey.
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.
The world’s third largest container line CMA CGM has stopped transiting the Red Sea and is rerouting via the Cape of Good Hope to avoid the threat of Houthi attacks.
The impact of the Houthi attacks on shipping in the Red Sea have sent shockwaves throughout global shipping and these were highlighted by Mediterranean Shipping Company (MSC) at US Congress.
Following the dissolution of the 2M alliance, of Maersk and MSC, it was expected a realignment of the top 10 container lines could take place, the Gemini Cooperation could prove to be start of this shift, but the move could drive further merger...
German container carrier Hapag-Lloyd is set to leave THE Alliance in January 2025 and join a new alliance with Maersk Line, called the Gemini Cooperation to be launched in February next year.
The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of the world’s largest container line MSC, have signed an agreement to develop the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi...
Three container ships, one each from MSC, Maersk and CMA CGM, were identified on VesselsValue AIS heading south in the Suez Canal towards the Red Sea danger zone despite the carrier’s saying they had re-routed vessels around the African Cape.
