The US has indicated that new business activity with Iran after 8 May within the wind-down period could be result penalties under secondary sanctions, and a number of major shipping companies including MSC and Maersk Tankers have stopped taking...
The world’s second largest container line Mediterranean Shipping Co (MSC) is to invest close $1.1bn in Khalifa Port in the UAE.
Following its takeover of UASC German container line Hapag-Lloyd is putting newbuilding orders on hold for the next few years.
While the there is an inherent attraction to order megavessel newbuildings in the current financing and market environment, it is still unclear as to how they benefit the lines.
Three vessels that grounded in the Port of Durban have been refloated, including the containership MSC Ines that blocked the entrance to the port. However, port operations remain suspended.
Severe weather has wreaked havoc on the Port of Durban grounding three vessels with an MSC containership blocking the harbour entrance.
MSC and Zim will again be operating a seasonal Black Sea service from November.
Samsung Heavy Industries (SHI) has snagged six of the 11 megamax containership order by MSC.
