Orient Overseas International (OOIL) sees revenue boost despite only a marginal increase in container volumes. The Hong Kong-listed subsidiary of China Cosco Shipping which runs the Orient Overseas Container Line (OOCL) brand reported second quarter revenues…
A surge in demand on the major container trade lanes has seen tonnage redeployed from secondary routes, which in turn will see higher freight rates as a result. Xeneta is warning shippers to…
South Korean container line HMM is launching a new service connecting Asia and Latin America. The Far East – Latin America Express (FLX) launched in cooperation with Ocean Network Express (ONE) will serve…
Ports in Texas were assessing the damage from Hurricane Beryl on Monday with some facilities reopening and others remaining closed. Hurricane Beryl made landfall in Texas on Monday causing widespread flooding, debris and…
After much anticipation, Golar LNG announced a lengthy charter deal for its floating liquid natural gas producer FLNG Hilli and could convert more LNG tankers. The FLNG Hilli’s present charter, with the unit working the…
Clarksons Research have today released their latest Green Technology Tracker, including first half 2024 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping…
The cost of shipping cargo containers from India to Europe has firmed up after major carriers raised rates from 1 July. They might hike them even further on the India to Europe shipments…
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained for the fifth straight session on Tuesday as capesize vessel rates rose. The overall index, which…
MPC Container Ships (MPCC) has added up to $195m to its backlog by fixing charters for 10 of vessels, including a pair of new additions to the fleet. Two 3,500 teu container ships…
North China port operator of Tianjin and the new energy innovation company CATL have inked strategic cooperation agreement on battery industry chain development. The two parties will jointly establish the plans of making…