Presidential election obscures port resolution on US east coast
Day two of the dockworker strike across America’s eastern seaboard sees little chance of an early end to the industrial action that is seeing queues forming outside many of the country’s largest ports. With union leaders heavily framing the impasse about foreign port operators profiteering neither political party in the US in this election year […]
Hapag-Lloyd updates Emergency Space Contigency Surcharge from North Europe to West Africa
German ocean carrier Hapag-Lloyd has announced an update on the Emergency Space Contingency Surcharge (ESC) for all container types implemented from 1 August. Effective from 1 November, the updated ESC will be €350 per container from North Europe (Germany, Netherlands, United Kingdom, Belgium, France, Poland, Denmark, Sweden, Ireland, Norway, Finland, Lithuania, Czech Republic, Hungary, Latvia, […]
Impact of Geopolitical Tensions in South China Sea on Major Container Lines and Regional Ports
As South China Sea remains a key global region for maritime trade, Container News decided to analyze and synthesize the available information and give insights about how increasing geopolitical tensions in the South China Sea affect global shipping companies and the operational dynamics of major regional ports, which serve as crucial subsystems in the global […]
Shippers to Shift to West Coast and Air Freight Solutions Amid Ongoing ILA Strike
The long-anticipated ILA port worker union strike across US East Coast and Gulf ports began Monday night at 12:01 am after the ILA and USMX failed to come to an agreement before the deadline. In the last few days, the White House and other government officials had been urging both sides to return to the negotiating […]
Pleiades Shipping inks LR1 newbuilds in China
Greek tanker owner Pleiades Shipping is rejuvenating its LR1 fleet with orders for up to four newbuilds in China. Brokers in Greece report the Kifissia-based company has contracted New Times Shipbuilding for two firm 73,000 dwt units costing about $55m each and secured options for two more ships. The firmed-up LR1 pair is scheduled for […]
ArcelorMittal lets go of two kamsarmaxes
Two kamsarmaxes controlled by steel producing giant ArcelorMittal are widely reported sold by brokers. The 83,000 dwt pair – AM Hamburg and AM Quebec – were built for ArcelorMittal 11 years ago at New Times in China. Brokers report they have been sold en bloc for $37m to unspecified Chinese buyers. ArcelorMittal has an asset-light […]
Carl Schou steps down from Wilhelmsen Ship Management
Wilhelmsen Ship Management today announced the retirement of Carl Schou after 19 years of service, including 16 years as CEO. Haakon Lenz, currently serving as COO, will assume the role of CEO on January 1. Lenz started his career in DNV and had a background as a naval architect before moving into shipmanagement for V.Ships […]
New Shanghai containerline starts operations
A new Chinese container line based out of Shanghai has commenced calls across northeast Asia. STF Shipping offers three container services linking China with South Korea and Russia’s Far East, taking over from where Dubai-based CStar Line previously operated. CStar quit the route in August. STF operates six ships ranging in size from 1,100 to […]
FMC offers enforcement and litigation assistance for supply chain challenges
The Federal Maritime Commission (FMC) has released a statement offering assistance, enforcement, and resolution services to individuals and businesses facing supply chain challenges, particularly related to disputes over detention, demurrage, and other charges.. This statement from the FMC released on 1st Oct 2024, the first day of the US East Coast strike by the ILA, […]
Hapag-Lloyd contracts two Chinese yards for boxships worth up to $5.25bn
Hapag-Lloyd has selected two Chinese yards for its next fleet expansion, orders that total $5.25bn if all options are exercised, making it one of the largest containership orders in history. Broker Intermodal reports the German carrier has contracted Yangzijiang Shipbuilding to build 10 firm plus five options 17,000 teu LNG dual-fuelled ships, costing $210m each. […]