The deal was entered into by Florens Container Investment, an indirect wholly-owned subsidiary of Cosco Shipping Development Co (CSDC), with the seller CLC II, an investment holding firm ...

The 14,000 teu containership, owned by Chidori Ship Holding, managed by NYK Ship Management, and chartered to Ocean Network Express (ONE) has now turned back from its voyage been Yantian, China ...

Inbound volumes of 1.9m teu were the lowest since February 2021, according to analysis from the McCown Report. Highlighting a difference in fortune between coasts, East coast imports were up 9.5% ...

Between 11 and 29 December 2020 some 129 containers were successfully discharged from the 14,000 teu vessel operated by Ocean Network Express (ONE). Discharge operations are set to resume on 5 ...

Container ports in Panama reported a combined volume of 9.57 million teu, up 15.1% compared to 8.32 million teu in 2023, mostly due to the impact of the Panama Canal draught restrictions that ...

After two years of unprecedented rises container freight rates were seen as having peaked with a downcycle in 2023 - 2024 driven by overcapacity. However, Parash Jain, Head of Shipping & Ports ...

PPC is a subsidiary of Hutchison Ports Holdings and administers the ports of Balboa on the Pacific side and Cristobal on the Panama Canal Atlantic entrance. Several economic sectors called for a ...

Export container volume grew 5.9% while the domestic volume dropped 0.3%. The ports of Xiamen, Qingdao and Ningbo-Zhoushan all posted a growth rate of over 10%. Cargo throughput at major coastal ...

The terminal at Khalifa Port offers over 20 international services connecting to 60 ports and the six additional routes this year have increased volumes 35%. The new services have helped to push ...

At the recent IMO Marine Environment Protection Committee (MEPC) it was agreed the level of ambition for reducing CII as an average across the industry would be by 40% in 2030 compared to 2008 ...

On Wednesday MSC and AP Moller-Maersk issued a joint statement that the two companies had mutually agreed to terminate the 2M alliance in 2025. The alliance between Maersk and MSC was founded in ...

Less than a year after completing a $600m restructuring PIL has inked an order for four 14,000 teu, dual-fuel newbuildings with Jiangnan Shipyard, China. When delivered in second half 2024 and ...