Will carrier profitability last? 
Patrik Berglund, CEO of freight rate benchmarking platform Xeneta, expects the big carriers to further seek higher contract rates to extend profitability The surge in carrier profitability has been based on the high spot freight rates boom this year. A key test will be whether... more
Maritime decarbonisation in Singapore
Singapore's maritime and port authority has launched the formation of its own global centre for maritime decarbonisation. To start with, the MPA and six founding partners - BHP, BW Group, Eastern Pacific Shipping, Foundation Det Norske Veritas, Ocean Network Express and Sembcorp... more
Constants in global shipping 
Despite mixed developments in the global economy, and thus also in the shipping industry, of late, there are definitely some constants too, for example in certain ports. more
Fifteen for ZIM
Haifa-based carrier ZIM has decided to use its option for a long-term charter of five more 7,000 teu liquefied natural gas (LNG) dual-fuel container vessels from Seaspan Corporation. ZIM and Seaspan announced the transaction already back in July 2021. The existing long term... more
Maersk signs Magna Charta
Seafreight giant Maersk has inked the low carbon charter launched by the Hong Kong Business Environment Council (BEC). The carrier is now committed to contributing towards Hong Kong’s long-term decarbonisation ambition and the goals of the Paris agreement. “Decarbonisation... more
Sails for rockets at sea
A site for the production of Oceanwings, a wind propulsion system for maritime transport, has now been found. Ayro has signed a contract to this effect with the Chamber of Commerce and Industry of Caen in Normandy, concessionaire of the Port of Caen-Ouistreham. It will be the... more
Even Golden Week won't ease the pain
On the basis of current deployment schedules, Copenhagen-based maritime intelligence provider Sea-Intelligence predicts that offered vessel capacity on Asia-North America West Coast will be between 420,000-460,000 teu in the four-week Golden week period (weeks 40-43), whereas it... more
New heart for Port of Long Beach
The completion of the Middle Harbor redevelopment project in the Californian Port of Long Beach has transformed two aging terminals into one of the world’s most technologically advanced container terminals. The new Long Beach Container Terminal at Middle Harbor has a handling... more
"Paderewski" sails east
The "Paderewski", Chipolbrok's one of four Pacific type heavy lifters built in 2016 with cranes lifting up to 700 t and hatches of up to 50.56 m length, is on its tour to Asia again. The eastbound trade started at Hamburg, where the employment list forced a... more
Hybrid units for Finnlines rolling
The newbuilding programme of Finnlines, the Baltic Sea operator, continues. The liner's second hybrid ro-ro vessel was launched recently, and the keel laying ceremony for the third vessel has just taken place. The three ro-ro vessels are being built at the Chinese Jinling... more