News

MSC gets into another vessel-sharing deal with Zim
MSC gets into another vessel-sharing deal with Zim

07/10/2023 | 316 Views

MSC has inked its second vessel-sharing agreement (VSA) with Zim in the space of a week, the Israeli carrier becoming a ship provider for the North Europe-Mediterranean Israel Express Service.
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YANG MING SETTLES US SHIPPER'S CLAIM THAT CARRIER BROKE ITS CONTRACT
YANG MING SETTLES US SHIPPER'S CLAIM THAT CARRIER BROKE ITS CONTRACT

05/10/2023 | 312 Views

Yang Ming has reached an out of court settlement with a shipper that claimed it was a victim of pandemic-era price manipulation.  
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OOCL VESSEL CATCHES FIRE IN JAPAN
OOCL VESSEL CATCHES FIRE IN JAPAN

05/10/2023 | 301 Views

Fire broke out in the engine room of one of Orient Overseas Container Lines’ (OOCL's) ships while it was underway in Japan on 1 October.
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MSC’S SECOND-HAND SHIP SHOPPING SPREE CONTINUES DESPITE DECLINING VESSEL VALUES
MSC’S SECOND-HAND SHIP SHOPPING SPREE CONTINUES DESPITE DECLINING VESSEL VALUES

24/09/2023 | 335 Views

Reports this week that MSC has purchased the 2013-built 9,403 teu Joseph Schulte for a price of around $55m confirmed that the top-ranked carrier has not lost its appetite for acquiring second-hand container tonnage.
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EVERGREEN THE 'GREENEST' TRANSATLANTIC CARRIER, BUT IS BIGGER STILL BETTER?
EVERGREEN THE 'GREENEST' TRANSATLANTIC CARRIER, BUT IS BIGGER STILL BETTER?

13/09/2023 | 397 Views

Evergreen has topped the carbon efficiency ranking in the transatlantic trade between North Europe and the US east coast, according to the latest Xeneta ‘naming and faming’ study.  
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CARRIERS FORCED TO IDLE NEW ULCVS AS SOON AS THEY ARE DELIVERED
CARRIERS FORCED TO IDLE NEW ULCVS AS SOON AS THEY ARE DELIVERED

11/09/2023 | 361 Views

Newbuild 24,000 teu ultra-large container vessels are now being idled as soon as they are delivered in Asia, as carriers are obliged to blank more sailings due to weakening demand.
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