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Vizhinjam port aims to handle one million containers annually: Kerala CM

From indiashippingnews.com

KOCHI : Kerala Chief Minister Shri Pinarayi Vijayan on Saturday described the international deep water multipurpose seaport at Vizhinjam as a “game-changer”
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Maersk Containerships | Maersk New Neo-Panamax Looks Different | Triple Es Get Mickey Mouse Ears

From www.youtube.com

Maersk's New Containerships" What's Going on With Shipping?

In this episode, Sal Mercogliano discusses the modifications to Maersk's venerable Triple Es to allow them to carry more containers and Maersk's newest containership uses Green Methanol and has a unique configuration.

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What’s Going On with Container Rejections and Bookings? | WGOW Shipping on Freightwaves TV

From www.youtube.com

WGOW Shipping on Freightwaves TV with Henry Byers to Discuss Containers

What's Going on With Shipping?
Sept 12, 2023

In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - joined the @FreightWaves Round Table with Henry Byers to discuss what's going on in Asia with rejections and falling booking numbers.


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Mexico joins UN programme to combat illicit trade in containers

From www.seatrade-maritime.com

Mexico has joined the Container Control Programme (CCP) at the Port of Manzanillo aimed at reducing drug trafficking and other illegal trades.

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Forecasts for U.S. Container Imports Point to Slow Increases

From maritime-executive.com

After a prolonged downturn in container volumes, analysts are reporting that the volumes appear to have finally begun to rebound and are expected t
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Trans-Pacific shipping rates rise as carriers make capacity cuts

From www.freightwaves.com

Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.
Mike O' Gorman:

Thank you Greg Miller 

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Container shipping market outlook for H2 2023

From www.seatrade-maritime.com

The plunge in spot container freight rates has largely come to halt in the first half of 2023, but will the impact continue to be felt in contract rates in the second half of the year, and how much of a concern are newbuilding deliveries?

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OOCL revenues plunge 63% in the second quarter

From www.seatrade-maritime.com

Orient Overseas International (OOIL) reported a 62.6% plunge in second quarter revenues as container shipping comes back to earth following an unprecedented boom during the pandemic.

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Danaos questions Eagle Bulk's poison pill decision

From splash247.com

Greek containership owner Danaos, the largest shareholder of Eagle Bulk Shipping, has questioned the company’s move to adopt a poison pill in a letter it sent to Eagle Bulk’s board of directors. Last week, Eagle Bulk bought Oaktree’s 28% stake in the company for $219.3m via a repurchasing program and adopted a shareholder rights plan …
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Shanghai drives China's volumes moving 15 million TEU so far

From www.porttechnology.org

China’s ports has experienced an increase in container volume in from January to April 2023 but a decrease in NCFI in May.

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X-Press Feeders orders methanol fuelled boxships at Huangpu-Wenchong

From www.seatrade-maritime.com

CSSC Huangpu-Wenchong Shipbuilding has announced an order six plus two 1,250 teu methanol-fuelled open top containerships order from Singapore owner X-Press Feeders.
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OOCL Takes Delivery Of A 24,188 TEU Ultra-Large

From www.marinelink.com

Hong Kong-based shipping line OOCL announced it has taken delivery of another ultra-large containership The 24,188 TEU vessel OOCL…
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US west coast port disruption stretches into fourth day 

From splash247.com

A wave of industrial action across US west coast ports has entered its fourth day as contract talks between employers and staff stall.  Pacific Maritime Association

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Lars Solbakken Joins Latsis and Costamare-Backed Neptune Leasing

From shippingtelegraph.com

Costamare Latsis and Costamare-backed Neptune Maritime Leasing Limited gives Lars Solbakken an advisory role to leasing company’s executive board.

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End of an era says Xeneta as container contract rates dive 27.5%

From www.seatrade-maritime.com

As contract rate negotiations conclude on the transpacific between US shippers and container lines Xeneta index recorded its largest ever fall in May.
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Jeddah Islamic Port April box throughput jumps 25%

From www.seatrade-maritime.com

Throughput at Jeddah Islamic Port rose sharply in April, led by an increase in container volumes.
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Troubled Containership Towed Back to New Zealand for More Repairs

From maritime-executive.com

The containership Shiling (66,500 dwt) returned to Wellington, New Zealand today, after a tow to bring the vessel back so that it can again

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MSC containership fleet to hit 5m teu capacity this month

From www.seatrade-maritime.com

MSC is set to be the first container line to have fleet of 5m teu in capacity later this month according to analyst Alphaliner.

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Businessmen struggles due to high rates, delayed approvals at port

From indiashippingnews.com

KOCHI : The industrial community in Kerala is expressing hesitancy to rely on the Kochi coast for their import and export activities

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Port of Long Beach sees 20% decline in April container volumes

From www.seatrade-maritime.com

Container traffic at the Port of Long Beach continued to show a sharp decline year-on-year in April, although volumes handled were higher than in March 2023.

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Germany Approves Cosco Stake In Hamburg Port Terminal

From www.marinelink.com

Port logistics firm HHLA said on Wednesday the German government has cleared the purchase by China’s Cosco of a 24.9% stake in a container terminal 

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COSCO offloads cape at the second attempt 

From splash247.com

COSCO has sold a cape at a second attempt continuing an active year for the Chinese state-owned giant with a string of vintage sales.  This time it’s selling a vintage cape to Dubai’s Lila Global, the shipowning arm of recycler GMS.   In mid-March, COSCO attempted to sell the 2006-built , built at IHI Marine …
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What The Ship (Ep 77) | Updates | Container Rates | Russian Oil | South China Sea | Sudan Evacuation

From www.youtube.com

What's Going on With Shipping? May 5, 2023

In this episode, Sal Mercogliano discusses the Top 5 Maritime News Stories

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Maersk sheds $5bn in revenue in strongest 2023 quarter

From www.seatrade-maritime.com

Maersk expects the first quarter 2023 will be the strongest of the year, but revenues were down 26% or $5.1bn compared to Q1 2022.
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