Emirates Shipping Line (ESL), ASEAN Sea Line (ASL) and Pacific International Line (PIL), have launched a new service from Subic Bay International Terminals (SBITC). Michele Labrut | Jul 05, 2023 The service connects International Container Terminal Services, Inc.’s (ICTSI) Subic Bay operation in Zambales with South China and Vietnam. The South China Vietnam Philippines (SVP)

A decline in global trade in the third quarter 2022 is expected to get worse in 2023, according to the United Nations Conference on Trade and Development (UNCTAD). Gary Howard | Dec 13, 2022 The UN trade body’s Global Trade Update for December 2022 noted that after a record year, global trade growth had turned negative

With a total volume growth of more than 7% and combined container liftings of 676.1m teu, three ports in Vietnam made it to the 2022 One Hundred Ports by Lloyd’s List. Hiezle Bual Saigon Port | Source: Vietcetera Vietnam’s Saigon, Hai Phong, and Cai Mep ports were among the world’s largest cargo seaports, according to

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Visualizing the World’s Largest Container Shipping Companies Did you know that 80% of the global goods trade is transported over sea? Given the scale of human consumption, this requires an enormous number of shipping containers, as well as ships to carry them. At an industry level, container shipping is dominated by several very large firms.

The first sustainable vessels are set to sail between Singapore and Rotterdam from 2027 under a green corridor MoU signed today. Gary Howard | Aug 02, 2022 The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam signed a MoU to establish “the world’s longest Green and Digital Corridor”. The two port authorities

Korean shipping company HMM has set out plans to invest more than KRW15trn ($11.47bn) through to 2026 with two-thirds earmarked for ships, terminals and logistics facilities. Marcus Hand | Jul 14, 2022 Revealing its mid-to-long term strategy HMM said it would expand the capacity of its container shipping fleet to 1.2m teu by 2026 from 820,000

There was a four-fold increase in the number of containers lost overboard during the 2020 – 2021 compared to the previous two-year. Marcus Hand | Jun 22, 2022 According to figures from the World Shipping Council (WSC) 3,133 containers were lost overboard in the 2020 – 2021 period compared to 779 in the previous period, an

Taiwan-based shipping lines, Yang Ming Marine and Wan Hai Lines have joined The Silk Alliance launched by Lloyd’s Register with other partners to develop a Green Corridor Cluster beginning with intra-Asia container trade. Katherine Si | May 27, 2022 Initiated by the Lloyd’s Register Maritime Decarbonisation Hub, The Silk Alliance brings together a diverse group paving the

The US Agency for International Development (USAID) and the General Department of Vietnam Customs announced an action plan to reduce congestion at Cat Lai Port in Ho Chi Minh City, which is the busiest container port in Vietnam and has a great influence on import and export activities, on May 19. Many delegates discuss solutions

The container industry made a $59.3bn profit in the first quarter, the sixth consecutive record quarterly profit for the sector. Gary Howard | May 20, 2022 The McCown Container Results Observer noted that the result marked more than a threefold improvement over the same quarter last year, a record at the time. Profitability also increased, with

Maersk reported its best ever quarter in Q1 2022 with a $6.8bn profit despite taking a $718m hit from pulling out of Russia. Gary Howard | May 04, 2022 Operating results hit record levels across Maersk’s ocean, logistics and services, and terminals segments. Maersk said its ocean segment’s result was fuelled by strong contract rates boosting

Gemalink Port, in Cai Mep, Vietnam, has held a ceremony to mark handling 1m teu in its first year of operation. Michele Labrut | Mar 31, 2022 Gemalink International Port is a joint venture between Gemadept Vietnam Group and French partner CMA Terminals and the first phase went into operation in 2021. Do Cong Khanh, Deputy

 The inner portion of the harbor is dredged near the Port of Savannah Garden City Terminal. (Photo: Stephen B. Morton/Georgia Ports Authority) Like many milestones, the completion of the Savannah harbor deepening was marked by a ceremony attended by dignitaries. “This is a great day for the state of Georgia and for the nation,” Gov.

Lax cyber security measures can prove costly with research showing that where shipping companies paid a ransom as result of an attack it averaged some $3.1m. Marcus Hand | Mar 22, 2022 New research into maritime cyber security carried out by Thetius for CyberOwl and HFW showed an alarming lack of awareness and preparedness to deal

 Port of Shanghai. (Photo: Shutterstock) The ports of Shanghai and Yantian are known as two of the largest electronics export hubs in the world, but if you look in the containers, you will find much more than that. Using ImportGenius, American Shipper analyzed the bills of lading of Chinese exports leaving those ports bound for

Container line ZIM has reported strong earnings and profit for 2021, with forecasts for similar performance in 2022. Gary Howard | Mar 09, 2022 The company’s $4.65bn profit is a record high, up 787% from 2020’s $524m in 2021. The result comes from an adjusted EBITDA of $6.60bn and adjusted EBIT of $5.82bn. ZIM forecast an

Georgia Port Authority (GPA) has announced it plans to expand the Port of Savannah. Michele Labrut | Mar 03, 2022 In his annual State of Port address, GPA Executive Director, Griff Lynch, announced a plan to increase box capacity of the Port of Savannah by 60% from about 6m teu to 9.5m teu by 2025. The

Multiple international container lines have announced they will not call Ukraine ports, while Russian services generally remain available. Gary Howard | Feb 24, 2022 MSC, Maersk and CMA CGM all released operation updates announcing suspensions of vessel calls to Ukraine until further notice. Russian armed forces launched an invasion of Ukraine on February 24. Ukraine’s military

CMA CGM is to stop carrying plastic waste on its ships from 1 June in a bid heeding the call of NGOs for a ban on such exports. Marcus Hand | Feb 14, 2022 Rodolphe Saadé, Chairman and CEO of the CMA CGM Group made the announcement on the company’s ban on carrying plastic waste during

Vietnam will remove its COVID-19 restrictions on international passenger flights with all markets starting Feb. 15, with no limitation on the number of flights, the state-run Tuoi Tre newspaper reported on Sunday. The Southeast Asian country imposed tight border controls at the start of the pandemic to keep out COVID-19, with some initial success, but

AP Moller – Maersk has reported an expected record profit of $24bn for 2021 and forecasts the same result for the coming year. Marcus Hand | Feb 09, 2022 In line with its updated guidance for 2021 issued last month the company reported an EBITDA of $24bn for 2021, nearly three times the $8.2bn EBITDA Maersk

In defiance of massive woes, Vietnam’s export-import landscape is gaining momentum on the back of the gradual recovery in domestic manufacturing and bit-by-bit reopening of many foreign markets, promising a brighter trade picture for the country this year. Export picture enjoys benefits from restart Fresh data from the Ministry of Industry and Trade (MoIT) showed

The Port of Los Angeles handled a record 10.7m teu in 2021 in a year that was characterised by congestion and ever-growing queues of ships. Marcus Hand | Jan 24, 2022 Handling 10.7m teu last year the Port of LA broke its previous record in 2018 by some 13%. “Decades of development provided the berth space,

Without a doubt, the past 2 years made the shipping industry one of the most profitable industries. In November 2021, liner veteran John McCown, founder of Blue Alpha Capital has published an in-depth analysis of the profits in the shipping industry. What happened in 2020-2021 was hard to anticipate prior to the pandemic. Based on his analysis,

The State of California is proposing to invest $2.3bn in ports, supply chain infrastructure, decarbonisation and related training. Marcus Hand | Jan 11, 2022 Unveiling his proposed budget on Monday California Gov. Galvin Newsom said that while action had been taken to alleviate supply chain disruption more investment was necessary. Congestion at the key gateway Ports of

The Mediterranean Shipping Company (MSC) has overtaken Denmark’s Maersk to become the world’s largest container line. MSC’s rise to the top came on Wednesday when the Swiss-Italian company took delivery of a container ship in Singapore, according to Alphaliner, a maritime consultancy. MSC bought the ship last year for $50.5 million. With its new acquisition, MSC’s fleet

Container volume at Shanghai port in 2021 ranked number one globally for the 12 consecutive years amid the Covid-19 outbreak. Jan 05, 2022 The port posted a container volume of over 47m teu in 2021, including 32m teu for international trading, an increase of around 3% year-on-year, and 6.3m teu for domestic market, an increase of around 2.3%. In

AP Moller – Maersk continues its aggressive expansion into the wider supply chain acquiring the contract logistics business of Li & Fung Group in a $3.6bn deal. Marcus Hand | Dec 22, 2021 It seems barely a day goes by without a cash rich container line making another logistics space foray. Maersk’s latest acquisition is Asia

Container lines are blanking around one quarter sailings on the Asia – US West Coast trade as port congestion and delays force result in short notice capacity adjustments, according to analysts Sea-Intelligence. Marcus Hand | Dec 16, 2021 Blank sailings are normally used by lines for capacity management when demand drops, as was done very effectively

The Port of Savannah set a new monthly volume record for November, handling 495,750 twenty-foot equivalent units. This is a 6.7% increase from November 2020, the Georgia Ports Authority said Thursday. The increase comes as GPA has been seeking to ramp up annual capacity at the Port of Savannah by 25% in order to accommodate additional import

Port officials in Los Angeles and Long Beach have delayed imposing controversial congestion fees for a fourth consecutive week, increasing the likelihood that the fees will never be assessed. The port authorities said the excess storage surcharge has been postponed until Dec. 13. The fees have had their intended effect of getting users to clear

Container line schedule reliability remained low in October with no line managing over 50% reliability and the lowest – Evergreen – just 13.6%. Marcus Hand | Nov 30, 2021 Sea Intelligence’s latest Global Liner Report showed a marginal improvement in container line schedule reliability in October with 0.4% percentage point improvement to 34.4%. The report covers

SSA Marine has notified importers at its Seattle port facilities that it will introduce an additional storage charge on Wednesday for containers lingering longer than five days in an effort to clear space so stevedores can better service vessels and reduce cargo delays. The cargo-handling company said a temporary levy of $50-per-day fee will be

The ports of Los Angeles and Long Beach for a second time have postponed collection of a new surcharge on long-dwelling containers, saying progress by ocean carriers and shippers has reduced the amount of aging containers on the docks by a third. Fees will not be assessed before Nov. 29, the port authorities said Monday.

Unprecedented $48.1bn earnings for container shipping in Q3 saw the industry surpassing tech giants Facebook, Amazon, Netflix and Google, or FANG, in terms of profitability. Marcus Hand | Nov 22, 2021 The McCown Container Results Observer estimated the profit of container shipping in Q3 at $48.1bn taking the earnings of public listed lines, which stood at

Another ocean carrier financial report, another awe-inspiring bottom line. Germany’s Hapag-Lloyd posted its best quarter ever on Friday, and CEO Rolf Habben Jansen provided his take on spot rates, California congestion and all those new container ships that were ordered. The world’s fifth-largest ocean carrier reported earnings before interest taxes, depreciation and amortization of $3.92

Current container supply chain congestion is set to continue through 2022, with a return to liner schedule reliability a key factor, according to the Port of Rotterdam. Marcus Hand | Nov 12, 2021 Europe’s largest port has seen good volume growth this year, although these volume increases on their own would not result the difficulties being

PortMiami posted a record fiscal year 2021 with throughput up 17.6% to 1.25m teu making calendar 2021 the busiest in history. Michele Labrut | Nov 09, 2021 Despite strong growth, in the fiscal year 2021 (from 1 October 2020 to 30 September 2021), the port precinct did not have any detained vessels, congestion or delays. The

CMA CGM is acquiring Fenix Marine Services (FMS) one of the largest container terminals in the Port of Los Angeles. Marcus Hand | Nov 04, 2021 The $2.3bn deal sees CMA CGM acquiring a 90% stake in FMS from private equity fund EQT Infrastructure III, making the French line the sole shareholder in the terminal. The terminal

The news that Ningbo Meidong Container Terminal had suspended operations on Wednesday over a single Covid case raises wider fears for the supply chain as the Delta variant outbreak in China continues to spread. Tackling its largest Covid outbreak since the onset of the pandemic in early 2020 China continues to operate a zero-Covid strategy