ONE following a big plan 
In late March, CEO Jeremy Nixon of the Ocean Network Express (ONE) pointed out that the Singapore-based container alliance, formed by the three Japanese carriers in 2017/18, won’t stand back behind other carriers in terms of growth plans. The group has earmarked more than USD... more
No limits for prices for newbuilds
According to Clarksons’ statistics, prices in the shipbuilding sector continue to point upwards. From an absolute low in November 2020 price have now increased by around 25%. This is the highest price rise since 2005, the London-based company said. For higher ship prices, one... more
Boxes keep coming at Koper
The container terminal at the Adriatic Port of Koper set a new monthly record in March this year. Cargo handling volumes scratched the threshold of 100,000 containers for the first time. The more than 99,500 teu handled surpassed the previous record of 97,000 teu set exactly one... more
PIL banks on India
Singapore-based Pacific International Lines (PIL) is launching the China Vietnam India Service (CVI), a new direct connection linking Asian ports in China, Vietnam, Singapore and India's East Coast. The new service will operate once a week. Its first vessel will sail from... more
For the "greening" of ship recycling
On its recent 25th interim meeting, the ASA Ship Recycling Committee confirmed that, due to an increasing global demand for shipping, the result of ship recycling volumes in 2021 did not grow as anticipated and amounted to 24.3 million dwt. 2022 is expected to be about the same... more
Connecting the Med and Latin America
After having reshuffled its regional loops, Hapag-Lloyd is launching its new service for connecting the Mediterranean, Caribbean, Central America and the West Coast South America Express (MSW), starting in early May 2022. The main focus is on the direct connection between... more
Container flows to Virginia keep coming
The US East Coast Port of Virginia handled more than 314,000 teu in March 2022, an increase of 13% or 35,000 teu compared to March 2020. Almost 47% of the boxes were loaded imports. March’s volumes were ahead of January and February 2022, which were at 262,000 and 297,000... more
Fiata: survey on carriers' conduct
With three shipping alliances dominating the shipping markets, Fiata, the International Federation of Freight Forwarders Associations, is calling on its members to provide feedback on market development and shipping line practices that are considered as being unfair. Fiata... more
CM Port keeps the pace in 2022
The Hong Kong-based China Merchants Port has reported its results for the full year 2021. In total, the company's ports handled 135 million teu, a rise of 12% compared to 2020. Total dry and bulk cargo throughput was at 567 million t, a growth of 38% year-over-year. Both... more
Evergreen to transform its fleet
The Taiwan-based carrier Evergreen is ordering ten dual-fuel newbuilds. The 15,000 teu neo-panamax ships are part of the group's strategy to develop a fleet of vessels running on clean energy and thus achieve net-zero carbon emissions by 2050. Currently, Evergreen's fleet... more